1950-01-19 Regular Meeting - Laserfiche WebLink

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3~~. V~HEREAS, the First~iona~nk of La Porte, Texas~as ex• ed the finan- cial status of the City and is willing to make a loan of suoh amount and in aocor- danoe with the provisions hereinafter set forth; NOW, THEREFORE, BE IT RESOLVED by the City C ommais s ion of the City of La- Porte, Texas, that thv City Clerk be authorized to issue the negotiable note of the City to be designated "Special Revenue Note for the Budget Year 1950"; suoh note to be in the principal amount of Five Thousand Dollars ($5,000.00); to bear interest at the rate Bf per cent per annum, interest payable at maturity, and to be due and payable on or before the expiration of sixty (60) days from and after the date of this resoluticsz; that said note be sold by the Director of Finance to the said First National Bank at net less than par value, and when suoh note has been signed by the Director of Finance and delivered to said Bank with a duly authenticated copy of this resolution, the indebtedness thereby evidenced shall be fully bind ing against said City. PASSED this 19th day of January, A. D., 1950, by a vote of 3 AYES, and 0 NOES. APPROVED by the Mayor and attested by the City Clerk on said date. ATTEST: J. E. Muldoon, City Clerk City of La Porte H. J. Pfeiffer, Mayor City of is Porte Carried. A dissuasion was held an the old Port Theatre Building. nor. McCauley, Build- ing Inspector, was instructed to make inspection and report back to the Com- mission at their next regular meeting. The 1~ayor introduced an ordinance, which was read in full. Ccammissioner Jones made a motion that the Ordinance be adopted as read. The motion was seoaunded by Commissioner Crate, and carried by+,the following vote: AYES, Mayor Pfeiffer, Co:mnissioner Jones, Casunissioner Crate. NOES, None. The Ordinance oapt ion reads a s follows ORDINANCE N0. 3~ AN ORDINANCE ENLARGING AND EXTENDING THE BOUNDARY LIMITS OF THE CITY OF LA PORTE, TEXAS, AND ANNEXING ADDITIONAL ADJACENT TERRT+ TORY TO SAID CITY. Carried. The Bdayor ordered bids opened on the twn trucks which were advertised for sale. Johnnie Thornton bid X100.00 fnr th® 19~i.8 Chevrolet Dump Truck. Motion by Crate, second by Jones, to accept Thornton's bid and instructed the City Clerk to draw up papers transferring title to him. Carried.