O-1955-480 - Laserfiche WebLink

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." ..--..........., " 4t,' ,....--...... e.- , ...... .--.....' . "\ .' ,~ a\ .' ~ , ~ " , , . f . ;;, . e Section 7: The following certificate shall be printed on the , back of each of said bonds: OFFICE OF THE COIvIPTROLLER THE STATE OF TEY..AS REGISTER NO. I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by himl as required by law1 and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texasl and that it is a valid and binding obligation upon said City of La Portel Texas, and that said bond has this day been registered by me. WITNESS my hand and seal of office at Austinl Texasl . Comptroller of Public Accounts of the state of Texas. Section 8: That ~hile said bondsl or any part of the principal thereof or interest thereonl remain outstanding and unpaidl there is hereby levied and there shall be annually assessed and collected in due timel form and manner and at the time other City taxes are assessed, levied and collected, in each year, beginning with the current yearl 1955, a continuing, direct, annual ad valorem tax on all taxable property in said City sufficient to pay the current interest thereon and to create a sinking fund of not less than two percent (2%) of the principal amount of said bonds then outstanding or not less than the amount required to pay the principal payable out of said tax, whichever is greater, full allowance being made for delinquencies and costs