1959-07-17 Regular Meeting - Laserfiche WebLink

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~7~ - PROPOSITION N0. TPTO SHALL THE CITY COI~.~?ISSION .OF THE CITY OF LA PORTE, TEXAS, BE AUTHO?~IZED TO ISSUE THE BONDS OF SAID CITY IN THE A~.40UNT OF X15,000, MATURING SERIALLY 1"ITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE NOT TO E'KCEED FIVE (5~) PER CENT PER ANNUM, BUR THE ACQUISITION OF A CAPITAL, P~JECT, TO-WIT: CONSTRUCTING I.~'ROVE64II~TTS AND REPAIRS TO THE CI'PY HALL ~ffITHIN SAID CITY, AND TO LEVY TAXES ON ALL TAXABLE PROFERTY~'IITHIN SAID CITY SUFFICIENT TO PAY TFL ANNUAL IlVTEREST ON SAID •BOP~TDS AND ZU PROVIDE A SINKING ItJIJD TO PAY THE PRINCIPAL THERE~~ OF AT MATURITY? PROPOSITION N0. THREE SHALL THE CITY COI~R:~SSION OF THE CRTY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE I30NDS OF SAID CITY IN THE AIVS~UNI' OF X355,000, MATURING SERIALLY ~r~ITHIN THIRTY (30) YEARS FROP~ THEIR DATE OR DATES, AA1D BEARING INTEREST AT A RATE NOT TO EXCEED FIVE (5/) PER CENT PER ANPIUM, Fart THE ACQUISITION C~' A CAPITAL PROJECT, TO-WIT: CORTSTRtJCT~IG AND IR9PROVEING THE ROADS, fff~.IDGES AND STREETS OF SAID CITY, AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY, SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND TO PROVIDE A SINKING ~'[JDID TO P AY THE PRINCCPAL THEREOF AT MATURITY? PROPOSITION N0. FOUR SHALL THE CITY COr.~ItU:SSIOTJ OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE A1~40UNT OF X60, 000, MATURING SERIALLY WITHIN THIRTY (30) YEARS ~R.Oll2 THEIR DATE 0'R DATES, AND BEARING INTEREST AT A RATE NOT TO EXCEED FIVE (5~) PER CENT PER ANNUM, FOR THE ACQUISITION • OF A CAPITAL PROJECT, TO-Z'4'IT : PURCHASING AND~OR IMPROVING LIPIDS ~~R PARK PURPOSES, AND TO LEVY TAXES (7N ALL TAXABLE PROPERTY WI^1HIN SAID 'CITY SUFFICIENT TO PAY THE ANNUAL 1NTEREST ON SAID BONDS AND TO PROVIlIIE A SINK- ING STD TO PAY THE PRINCIPAL THEREOF AT MATURITY ? PROPOSITION N0. FIVE SHALL THE CITY COP~ISSION OF THE CITY OF LA PO:RTE, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY 1N THE AMOUNT OF ~75,OOO, MATURING SERIALLY VdITHIN THIRTY (30) YEARS ?+RO~.q THEIR DATE ~ DATES, AND BEARING IlVTERFST AT A RATE NOT TO EXCEID FIVE (5~) PER CENT PER ANNUM, FUR THE ACQUISITION OF A CAPITAL PROJECT, TO TIT: CONSTRUCTING IMPROVE~~fi1T5 AND EXTENSIONS TO THE CITY'S WAT~IORKS SYSTEM, AND TO LEVY TA%E.S ON ALL TAXABLE PROPERRTY Z'PITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL 1NTEREST ON SAID BOPIDS AND TO PROM DE A SINKING FUND T 0 PAY THE PRINCIPAL T I~FREQF AT MATURITY? Section 2; That the City Commission finds that the pr®bable period of useful- ness of each of said capital projects described respectively in said fore- going propositi®ns is approximately thirty (30) years. Section 3: That said election shall be held in the City Hall Building, in ~ie'Ci~y ®f La Porte, Texas, and the entire City shall constitute one election precinct, The f®llowing named persons are hereby appointed officers of said election: . Mrs, H. M, Ralston Presiding Judge 17rs, Otis Harris®n Assistant Judge r11rs. Calvin C®mpton Clerk Mrs, Rex Baker 'Clerk