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<br />e <br /> <br />e <br /> <br />. <br /> <br />voting at said election, voted in favor of the issuance of the bonds <br /> <br />of said City in the amount of $60,000 for the acquisition of a capi- <br />, <br /> <br />tal project, to-wit: purchasing and/or improving lands for park pur- <br /> <br />posesj and <br /> <br />WHEREAS, the City Commission of said City is of the opinion that <br />all $60,000 of said bonds should now be issued, sold and deliveredj <br /> <br />Therefore <br /> <br />BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: <br /> <br />Section 1: That the bonds of the City of La Porte, Texas, be <br /> <br />issued in the aggregate principal amount of $60,000, to be known and <br /> <br />~ designated as "CITY OF LA PORTE PARK BONDS, SERIES 1959", for the <br /> <br />acquisition of a capital project, to-wit: purchasing and/or improving <br /> <br />lands for park purposes, under and by virtue of the Constitution and <br /> <br />laws of the State of Texas, particularly Chapters 1 and 7 of Title <br /> <br />22, Revised Civil Statutes of Texas, 1925, as amended, and the City <br /> <br />Charter of said City, particularly Article VI thereof, and pursuant <br /> <br />to an election held in said City on the 15th day of August, 1959. <br /> <br />Section 2: That said bonds shall be dated September 15, 1959, <br /> <br />shall be numbered consecutively from 1 to 60, both inclusive, shall <br /> <br />~ be in the denomination of $1,000 each, aggregating $60,000, and shall <br /> <br />become due and payable serially on March 15th in each of the years <br /> <br />and in the respective amounts shown in the following schedule, to-wit: <br /> <br />Bonds Nos. <br /> <br />Maturity <br /> <br />Amount <br /> <br />1 - 20 <br />21 - 60 <br /> <br />1980 <br />1981 <br /> <br />$20,000 <br />40,000 <br /> <br />Section 3: That said bonds shall bear interest at the following <br /> <br />rates per annum, to-wit: <br /> <br />~ <br /> <br />- 2 - <br />