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<br />126 <br />Mc Clung & Kniekerbvek~& Ernest L. Brown, Jr. - Bid Par Value thereof <br />and accrued interest frcan their date to date of delivery plus a premium of <br />X251.00, said bonds to bear interest at the following rate: <br />All bands maturing 19Li.9 to 1969, inclusive, aggregating X151,000.00 <br />to bear interest at the ~ rate of 3-3/x.,1 per annum. ,~ <br />All bonds maturing 1970 to 1977, inclusive, aggregating X99,000.00 <br />_ to bear interest at the rate of 3~ per annum. <br />. Nefit interest cost from. I'Ra,rch 15, 19.8 to final maturity, less cash <br />premium 158,539.00. <br />Average .interest rate 3.599• - - <br />After i:abulating the bids, it was found that Mc Clung & Knickerbocker and <br />Ernest L. Brown, Jr., had the best bad. <br />Motion by Crate, second by Stewart, to award sale of bonds to Mc Clung & <br />Kniokerbocker and Ernest L. Brawn, Jr., in accordance with their bid. <br />Carried. <br />Mayor .Pfeiffer returned to each of the .unsuccessful bidders, their certified <br />Cashier's Check in the amount of X5000.00, and ordered the Cashier's Check <br />of Ma Clung & Knickerbocker and Ernest L. Brov~m, Jr., in the amount of X5000.00, <br />be deposited in the First National Bank-of La Porte, Texas, pending their per- <br />fortaance of good faith. <br />The Mayor presented his Election Order .as follows: ' <br />ORDER AND NOT ICE OF CITY ELECTION <br />THE STATE OF TEXAS <br />COUNTY OF HARRIS ~ - - ~~ <br />C TTY OF LA. PORTE <br />ELECTION ORDER <br />I, H. J. Pfeiffer, Mayor of the City of La Port®, Texas, by virtue of <br />the power vested in me by law, do hereby order that an election be held in the <br />City of La Porte, an April 6th, A. D. 19l.~3, being the first Tuesday thereof, <br />for the purpose of clotting the following offioers of -said City: <br />. Mayor <br />Commissioner <br />Commissioner (two c~iissioners to be elected} <br />and that said election shall be _held at the CityLHall in .said City, and the <br />following named persons are hereby appointed managers thereof, to-wit: <br />Arbela Ralston ~ - Presiding Judge <br />Dallio V~Tright - Assistant Judge <br />Mrs. Calvin Oamipton - ~ Clerk <br />Mrs. Jimmie Rollins - Clerk <br />Rev. C. W. Faulk - Clerk <br />- Witness my hand this the ~.th day of March, A. D. 191x.8. <br />H. J. Pfeiffer ~ i~ <br />Mayor, i y of Porte, Texas <br />1 <br />