1962-01-19 Regular Meeting - Laserfiche WebLink

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• provided in this ordinance; Therefore BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTS: Section 1: That all the facts and matters recited in the preamble to this ordinance are hereby found and declared to be true and correct. ~ Section 2: That the bid of o~c ~ Co ~/SfRve~'°'~ ~o O O in the amount of $ / G ~- , for the construction of certain extensions and improvements to Sanitary sewer system of said City, is . hereby found and declared to be the lowest and best bid received, and said bidder is hereby found and declared to be the lowest responsible bidder, and the contract for such extensions and improvements is hereby authorized to execute the contract for and on behalf of the City of La Porte, Texas, and its City Commission (said contract being set forth in the Specificiationa on pages A-1 and A-2), and said con- tract is hereby in all things authorized, approved, ratified, and confirmed. Section 3: That for the purpose of evidencing the indebt- edness of the City of La Porte, Texas, for all or part of the cost of constructing said extensions and improvements to the sanitary sewer . system of said City, there shall be issued the time warrants of said City in the principal sum of $50,000, to be known and designated as "CITY OF LA PORTS SEWER SYSTEM TIME WARRANTS, SERIES 1962", under and in strict conformity with the Constitution and laws of the State of Texas, particularly Chapter 163, Acts of the 42nd Legislature of Texas, Regular Session, 1931,- 8s amended (codified in Vernon's Texas Civil Statutes as Article 2368x, as amended). Section 4: That said time warrants shall be dated January -4- .~,•