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276 <br /> <br />Both principal and semi-annual interest (February 15 and August 15) payab]~ <br />at the First National Ba.-k, La Porte, Texas. First interest payable Feb- <br />ruary 15, 1956. <br />A11 bonds maturing on car after February 7,5, 1971 will be optional at par and <br />accrued interest on any interest payment date on or after February 15, 1970. <br />This bid is subject only to delivery not later than March 15, 1955 ar~d to <br />legality as approved by Dumas, Huguenin & Boothman, Dallas, Texas. The <br />undersigned agrees to pay the cost of this legal opinion. <br />Bonds may be delivered at the American National Bank, Austin, Texas. <br />Attached hereto is a C ashier~ s Check or Certified Check in the amount of <br />$1,200.00 which check is to be held by the City encashed until bonds are <br />delivered under terms of this bitl, at which time it shall be returned cr <br />should ire fail ar refuse to comply with the terms of this bad, then this <br />check shall be cashed as full and complete liquidated damages. <br />Tie City reserves the right to accept ar reject any ar all bids. <br />Respectfully submitted, <br />MCCLUI~ & KNICKERBOCKER <br />By W.E. Knickerbocker <br />W.E. Knicker kGr <br />The Mayar~ introduced an Ordinance, which was read in fu7.1. Commissioner <br />Rigby moved that it be adopted as read. The motion was seconded by Comtm- <br />issioner Pfeiffer, and carri. ed by the follovri.ng vote; AYES: Mayoo" Burgin, <br />Commissioners Rigby anci Pfeiffer. NOES: None. The Ordinance thus adopted <br />follows : <br />ORDINANCE N0. 480 <br />AN QRDINANCE AUTHCfRIZING THE ISSUANCE OF ~b0.000.00 SANITARY <br />SIDYER SYSTEM BONDS, SERIES 1955; PRESC.ftIBIl~ THE TERN6 AND CONDITIONS <br />THEREOF; AND LEVYING TAXFS TO PAY THE PRINCIPAL AND INTEREST THERECS~i. <br />PASSID aril APPROVED this 1st day of February, 1955. <br />M. D. Burgin, Mayaa~ <br />ATTEST: <br /> <br />J.E. Muldoon, City Clerk <br />