1956-07-06 Regular Meeting - Laserfiche WebLink

Browse Search

x.02 WBEREAS, the City will have current revenues from. the collection of said taxes available and sufficient to pay said obligations at maturity; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COR~Q~IISSIOPd OF THE CITY OF LA PORTE, TEXAS that the P~ayor snd the City Clerk (Director of Finance) be authorised to issue a promissory note of the City of La Porte, to be designated "Tax Anticipation Note for the Fiscal Year beginning July 1, 1956 and ending Jun® 30, 1957", suoh note to be in the prinoipal sum of Ten Thousand Dollars 010,000.00), to bear interest at the rate of three per cent. (3~) per annum until maturity, with the usual provision for interest at the rate of six per cent. (6~) per annum on past due principal and interest and ten per cent. (10°0) attorney's fees, such note to be due and payable on or before the 15th day of February, A. D. 1957, that said note be sold by the City to the First National Bank of La Porte,-Texas, at not less than par value. When suoh note has been duly executed by the ~sayor and City Clerk and delivered to said Bank, with a Dopy of this resolution, such indebtedness thereby evidenced shall be fully binding upon the City; and BE IT FURTHER RESOLVED that the City of La Porte here appropriates and sets aside the sum of Ten Thousand Dollars (~10,000.00~ oat of the currant revenues from the collection of ad valore¢n taxes for the payment of such indebtedness. A,'~D IT IS SO ORDERED. Approved and passed this the 6th day of July, A. D. 1956 by the City Commission. Signed: M. D. Burgin Mayor of the ity of a Porte, 'texas Attests Si eds Frank G. Baker ity erk of t e Ci of a orte, exas Carried. Motion by Pfeiffer, second by Burgin, that Ordinance No. c;02 be adopted as read. The caption of such adopted Ordinance reads as follows; AN ORDINANCE CREATING A BOARD OF INSPECTION, SPECIFYING ITS DUTIES, PROVIDING FOR THE CONDEMNATION, REPAIR, OR REMOVAL OF BUILDINGS, SETTING UP PROCEDURE, PROVIDING FOR RESORT TO THE COURTS, REPEALING ALL ORDINANCES OR PARTS OF ORDINANC~:.IN CON- FLICT THERE'~YITH AND PROVIDING THAT ANY PERSON VIOLATING THE TERMS OF THIS ORDINANCE SHALL BE DEEMED GUILTY OF A LdISDEMEANOR AND UPON CONVICTION SHALL BE FINED IN ANY SUM NOT LESS THAN TWENTY-FIVE DOLLARS 025.00) NOR MORE THAN TWO HUNDRED DOLLARS 0200.00) AND EACH DAY OF SUCH VIOLATION SHALL BE DEEMID A SEPARATE OFFENSE. Carried. ~!'