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<br />New ?,L.<-F nation by Roark, second by Johnson, that the City accept the .ne;v agreement ~~
<br />=~.oreement of the Houston Lighting & Power Co. with t'ne City, dated 1~ay 15,1941,as
<br />presented t-~ the City Council, a copy o.£ which agreement is attached ~ere~
<br />and becomes apart of these m3 n1.~tes; and further that the ~ayc~r s.nd,~C ~y` pant
<br />Secretary be authorized to sangn sand a~;reem®nt for the City•
<br />Cs,rriAd
<br />~xCilange of P.Totion by Johnson, second by Norris, that the City Counc,•i1 ratify the ex•
<br />Col~ateral change of those certain Angelina County Road Bonds at the First Nat'1 Bank
<br />rut up as collateral and described as follows: ~ -Angelina County Road Bonds
<br />'">1,000.00 ea., 5~ , Series 130, P+o. ~ & 6, dated Juns 10,1"~30, due June
<br />10,191, each with June 10,1937 et seq eoupons attached, exchanged for 2-
<br />~~.OOO,ea. City of La Forte, Texas ~o Refunding Bonds, da~;~ed October 1~,~931~
<br />No.27 ~?ue Apr. 10,19E+3 and No. 3l, due Apr. 10,191.~1~, each with. October l0,
<br />190.x.1 et seq coupon: attached, total X2,000.00, and furthflr that the rel®ase
<br />of the old trust receipt signed by the Nat'1 Bank of Co:r~,erce of Houston,
<br />Texas be ratified and that the n~aTa tr~.~sa.; receipt signed by the Nat'l Bank of
<br />Commerce of Ho-xston, Texas, tendere3 by the Furst National Bank of La .Porte,
<br />to corer the collateral as depository off' City Funds, be accepted s.nd placed
<br />on file.
<br />Carried.
<br />Motion by Norris, se~,ond by John: os: and ca.ra• ied by those present that the
<br />meeting adjour~~.
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<br />_sLC- t~ . -~~ ~ r ' ~~'`~'~ ~' ~ `~
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<br />Asst. City ecretary, City f La Porte ayor, ity of Porte,; axes
<br />Texas
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