O-1954-479 - Laserfiche WebLink

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,"".. --. e "".--- '. - ", . .. . ...... ' f<... .. '. . . ORDINANCE NO. 479 ~RDINANC~ CALLING ~ND ELECTION THE STATE OF TEXAS I I COUNTY OF HARRIS j The City Commission of the City of La Porte, Texas, met in ~~~ session at the regular meeting place within said City on the --1'1~ day of December, 1954, with the follow- ing members present, to-wit: M. D. Burgin L. R. Rigby H. P. Pfeiffer J. E. Muldoon Mayor Commissioner Commissioner City Clerk when ~he following business was transacted: ~ The Mayor introduced an ordinance calling a bond election. The ordinance was read in full and Commissioner 1< I.j...;:-__ moved that it be adopted. The motion was seconded by Commissioner PI lr-i1tE/L. and carried by the following vote: AYES: Mayor Burgin, Commissioners Rigby and Pfeiffer. NOES: None. The ordinance thus adopted follows: BE IT ORDAINED ~y the City Commission of the City of La Porte, Texas: Section 1: That an election shall be held in and throughout the City of La Porte, Texas, on the K day of ;r~ V- , 195~at which election the following proposition shall be sub- mitted to the duly qualified resident electors of said City who own taxable property within said City and who have duly rendered the same for taxation, for their action thereupon: PROPOSITION SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS BE AUTHORIZED TO ISS UE THE BONDS OF, SAID CITY IN THE AMOUNT OF $ 60,000 , MA'li'UlUNG SERIALLY WITHIN THIRTY (30) YEARS FroM THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR (4%) PER CENT PER ANNUM, FOR THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: IMPROVING AND EXTENDING THE CITY'S SANITARY SEWER SySTEM, AND TO LEVY TAXES ON ALL TAXABLE, PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID ,BONDS AND TO PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT MATURITY?