1952-11-20 Regular Meeting - Laserfiche WebLink

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70 • PROPOSITION N0. T~f0 SHALL THE CITY COMMISSI~i OF THE CITY OF' LA PCRTE, TEXAS, BE AiPi'H- ORIZED Ta ISSUE THE BO NDS OF SA3D CSTY IN THE AMOUNT OF X12,000, MATURIt~ SERIALLY ~P"ITHIri THIRTY (30) YEARS FROM THEIR DATE OR DATES AND BEAR3TdG INTEREST° AT A RATE NOT TO EMCEED FOUR (t~) PIRCENT PIl3. Ai+INUM, _~ THE ACQUISITION OF A CAPITAL PROJECT, TOaYIT: CONSTRUC- TING A C1TY~ HALL tNITHIN SAID CITY AdD TO LEVi~' TAXE5 flN ALL TAXABLE PROPIl~TY ~fITHIN SAID CITY StF`FICI~v'T TO PAY THE ANNUAL INTEREST OAi SAID B(~iDS AMID PROVIDE A S INKING FUND T 0 PAY THE PRINCIPAL THEREOF AT MATURITY. Section 2: The City Commission finds that the probable period of uslness the street, improvements is approximately thirty (30) years and t he rob- able period of usefulness of the City Ha11 is approximately thirty (30~ years. . Section 3: That said election shall be held at the City Hall. Building, in e i of La Porte, Texas, ar2d the entire City shall constitute one elec- tion precinct. The following named persons are hereby appointed officers of said election. Mrs. H. M. Ralston, Presiding Judge Mrs. Otis H~rison, Assistant Judge Mrs. Lois Compton, Clerk Iu~rs. Claude Dohoney, Clerk Section 1~: That said electi on sha71 be held in aepordance with the pro~risions ~ ; of the Constitution and the lags of the State of Texas and the City Charter arxi only duly qualified residErit electors of the City of La Porte, Texas, .. who own taxably- property within said City andro~ho have duly rendered the scene for taxation, shall be qualified to vote. `~ ~ `- ~` Section 5: ghat the ballots of said election shall conform to the requ9se- .:_ ,..: . meets of C apter 6 of t he Electa.on Code of the State of Texas, Chapter }~92, Acts of the 52nd Legislature of Texas, 1951, so f ar as applicable, and in addition to the requirements of said Chapter 6 shall have printed thereon _ the following : ~ : . ~ _ OFFICIAL BALLOT ~ .' ;: ~.;~,.. PROPOSITION N0. CNE 4- ~ ~ ' ` r` FnR THE ISSUANCE OF X200, 000 STREET IMPROVEMENT BC~1DS ~ .. ~` ~~f. AGAINST THE ISStfftANCE OF X200, 000 STREET IMPROVEMENT BO NDS ~ , ' F• . :. ~..