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<br />ORDINANCE N0. ~ ~ oZ
<br />AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM
<br />TAX FOR THE YEAR 1959, OF AND AT THE RATE OF ONE AND 75/100 DOLLARS ($1.75) ON
<br />EACH ONE HUNDRED DOLLARS ($100.00) VALUATION OF TAXABLE PROPERTY IN THE CITY OF
<br />LA FORTE, FOR THE PURPOSE OF PAYING THE INTEREST ON, ANA A SINKING FUND FOR,
<br />THE REDEMPTION OF "CITY OF LA PORTS REFUNDING BONDS, SERIES 1934", "CITY OF LA
<br />FORTE WATER SYSTEM REFUNDING BONDS, SERIES 1946", "CITY OF LA FORTE STREET IM-
<br />PROVEMENT BONDS, SERIES 1949", "CITY OF LA FORTE GARBAGE INCINERATOR BONDS~~
<br />SERIES 1949", "CITY OF LA FORTE STREET IMPROVEMENT BONDS, SERIES 1953-A CITY
<br />OF LA FORTE CITY HALL BONDS, SERIES 1953", "CITY OF LA FORTE STREET REFUNDING
<br />BONDS, SERIES 1954", AND "CITY OF LA FORTE SANITARY SEWER SYSTEM BONDS, SERIES
<br />1955", AND FOR PAYING CURRENT EXPENSES OF SAID CITY.
<br />BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA FORTE, TEXAS, THAT:
<br />Section 1. There is hereby levied and shall be assessed and collec-
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<br />ted for the year 1959, on all the taxable property in the City of La Porte,
<br />Texas, on the 1st day of Tanuary of the year 1959, an ad valorem tax of, and
<br />at the rate of, One and 75/100 Dollars ($1.75) on each One Hundred Dollars
<br />($100.00) valuation of taxable property in said City, estimated in lawful
<br />currency of the United States, for the purpose of paying the interest on, and
<br />a sinking fund for the redemption of, One Hundred Forty-Eight Thousand Dollars
<br />($148,000.00) "City of La Porte Refunding Bonds, Series 1934", Twenty-Two
<br />;Thousand Dollars ($22,000.00) "City of La Porte Water System Refunding Bonds,
<br />(Series 1946", Seventy-Five Thousand Dollars ($75,000.00) "City of La Porte
<br />Street Improvement Bonds, Series 1949", Twenty-Five Thousand Dollars ($25,000.00)
<br />"City of La Porte Garbage Incinerator Bonds, Series 1949", Two Hundred Thousand
<br />Dollars ($200,000.00) "City of La Porte Street Improvement Bonds, Series 1953-A",
<br />Twelve Thousand Dollars ($12,000.00) "City of La Porte City Hall Bonds, Series
<br />1953", Twenty Thousand Dollars ($20,000.00) "City of La Porte Street Refunding
<br />Bonds, Series 1954" and Sixty Thousand Dollars ($60,000.00) "City of La Porte
<br />Sanitary Sewer System Bonds, Series 1955", and for paying current expenses of
<br />said City, and levied as follows, to-wit:
<br />(a) There is hereby levied a tax of Six Cents (b~) on each One Hun-
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<br />Bred Dollars ($100.00) valuation of taxable property in the City of La Porte for
<br />the year 19591 for the purpose of paying the current interest on, and to provide
<br />'the necessary sinking fund for, the One Hundred Forty-Eight Thousand Dollars
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<br />'($148,000.00) "City of La Porte Refunding Bonds" issued in the year 1934, and
<br />the same shall be assessed and collected and applied to the purpose named.
<br />(b) There is hereby levied a tax of One Cent (1¢) on each One Hundred
<br />llars ($100.00) valuation of taxable property in the City of La Porte for the
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