O-1954-479 - Laserfiche WebLink

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,'~ e '" ~--- e' .,..--, '\'li, e " It ,: .' .; i'~. . . PROPOSITION SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS BE AUTHORIZED TO. ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $60,000, MATURING 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? and WHEREAS, there were cast at said election 130 votes, of which number there were cast: FOR THE ISSUANCE OF $60,000 SANITARY SEWER SYSTEM IMPROVEMENT BONDS 100 votes , , AGAINST THE ISSUANCE OF $60,000 SANITARY SEWER SYSTEM IMPROVEMENT. BONDS 30 votes MAJORITY Fo r THE ISSUANCE' (For or Against ) OF $60,000 SANITARY SEWER SYSTEM IMPROVE- MENT BONDS 70 votes as shown by the official election returns her~tofore submitted to this City Commission and filed with the City Clerk; Therefore B~ IT RESOLVED by the City Commission of the City of La Porte, Texas: Section 1: That said election was duly called and notice. ,~hereof given in accordance with law; that said " election was' held in,the manner required by law; that due returns of said election have been made by the proper officers; that said election has resulted favorably to the issuance of the bonds described in said proposition; and that a majority of the qualified voters voting at said election have voted in favor of the issuance of the bonds described in said proposition.