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• <br />Regular Meeting 6/21/78 4 <br />10. CONSIDER APPROVING PROPOSED RESOLUTION NO. 78-2 - AUTHORIZING <br />CITY ADMINISTRATOR TO MAKE A SHORT TERM LOAN - After the <br />proposed resolution was read in full, motion by Commissioner <br />Tomerlin, seconded by Commissioner Simons to approve <br />Resolution No. 78-2 and authorize the City Administrator to <br />make a short term loan. Motion carried by the following vote: <br />AYES: Commissioner Tomerlin, Kibodeaux, Cline, and Simons. <br />NAYS: None. ~ <br />CAPTION: RESOLUTION AUTHORIZING THE CITY OF LA PORTE TO <br />BORROW THE SUM OF THREE HUNDRED FIFTY THOUSAND DOLLARS <br />($350,000.00), TO BE EVIDENCED BY TAX ANTICIPATION NOTE, <br />PAYABLE OUT OF CURRENT TAXES COLLECTED DURING THE FISCAL <br />YEAR BEGINNING OCTOBER 1, 1977 AND ENDING SEPTEMBER 30, 1978. <br />+ + + <br />11. ADJOURNMENT - Motion by Commissioner Cline, seconded by <br />• Commissioner Tomerlin that the meeting adjourn. Motion carried <br />by the following vote: <br />AYES: Commissioners Tomerlin, Kibodeaux, Cline, and Simons. <br />NAYS: None. <br />The meeting adjourned at 8:25 P.M. <br />0 <br />Margie yen, Cit C erk <br />Passed and Approved this the <br />5th day of July, 1978. <br />J. J. Meza, Mayor <br />• <br />