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7,32
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<br />AN ORDIT~ANCE AUTHORIZING SALE AND DELIV'~RY OF
<br />X50, 000 INSTALLMENT OF VJATERI~VORKS AP1D SE~VFft
<br />SYSTEE4 REVENUE BONDS , SERIES 1949, OF THE C TTY
<br />OF LA PO~,TF,, '1'E~AS
<br />tiJHEREAS, `1'he City Commission of the City of Imo. Porte, 'lexa.s, adopted an
<br />ordinance on June 28, 1949 authorizing the .issuance of a 9x100,000 installment of
<br />the X500:000 V'Jaterworks and Sewer System Revenue Bonds of said city tivhieh were
<br />authorized at an election held on February 21, 1948, and by ordinance adopted
<br />Xugust 9, 1949 awarded sale an,d authorized immedis.te delivery of X50,000 out of
<br />the 9x100,00 bonds authorized in s€~id ordinance but provided that the remaining
<br />X50,000 §l~ould nvt besold until fu~her orders of the City Commission; and
<br />VdI-3ERFAS, 1'he City Commission is of the opinion that the remaining X50,000
<br />unissued bonds cxf said authorization should now be sold and: delivered and finds
<br />that the bid of Ditianar and Company, San Antonio, `T'exas, at a price of par and
<br />accrued interest, plus a premitun of X4,513.00, is the highest and best bid re-
<br />ceived for the purchase of said X50,000 unissued bonds; Therefore
<br />BE IT ORDAINED by the City C orrunis si on of the -City of La Porte, 'Texas
<br />Section 1s That the remaining 9x50,000 VVaterwmrks and Sewer System Kevenue Bonds,
<br />Series 1g~9, authorized by ordinance adopted by this City Commission on June 28,
<br />1949 shall now be sold and delivered, said unissued bonds being described by
<br />numbers as follows, to-wit: Bonds Nos. 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 21,
<br />23, 24, 26, 27, 29~ 34~ 32~ 33. 35. 36~ 38~ 39~ 41, ~, ~~ 45~ 47~ ~, 51~ 52.
<br />55~ 56, 59, 60, 63, 64, 67, 68, 71, 72, 75, 76, 79, 80, 96, 97, 98, 99 ~d 100.
<br />Section 2; That the bid of vittmar ~ Company, San Antonio, Texas, for the pur-
<br />chase of said X50,000 bonds at a price of par and accrued interest, plus a pre-
<br />mium of ~'1;j.,513.00, is the highest and best bid received for said bonds and said
<br />bid is hereby accepted and when said bonds have been approved by the Attorney
<br />General of Texas, registered by the Comptroller of Public Accounts of texas, and
<br />approved by market attorneys selected by the purchaser, they shall be delivered
<br />to such successful bidder upon receipt of the purchase price. 2'he Mayor, City
<br />Clerk and City Treasurer are hereby authorized and directed to do any and all
<br />things necessary to carry out the provis ions of this ordinance.
<br />PASSED and AP~'ROVID this 19th day of January, 19J0. Carried.
<br />H. J. Pfeiffer
<br />~.ymr, City of La Port ~:, `j'exas
<br />ATTEST
<br />J.E. I~7uldoon
<br />City Clerk
<br />(SEAL)
<br />Prlotion by Jones, seconded by Crate, to re3ect the bids for street improvement,
<br />of Brown c,nd Root, and George Consolidated Construction Company.
<br />Carried.
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