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• ~ • <br />PROPOSITION NO. 3 <br />SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS, BE AUTHORIZED .TO ISSUE THE TAX BONDS OF <br />SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $2,500,000, MATURING <br />SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES <br />AND BEARING INTEREST AT A RATE OR RATES NOT TO <br />EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY <br />LAW, ALL AS SHALL BE DETERMINED BY~SAID CITY COUN- <br />CIL, FOR THE PURPOSE OF MAKING PERMANENT PUBLIC <br />IMPROVEMENTS, TO-WIT: CONSTRUCTING IMPROVEMENTS TO <br />THE STREETS IN SAID CITY, INCLUDING NECESSARY <br />DRAINAGE IN CONNECTION THEREWITH, AND TO LEVY AN <br />ANNUAL TAX ON ALL TAXABLE PROPERTY WITHIN SAID <br />CITY SUFFICIENT TO PAY THE INTEREST ON SAID BONDS <br />AS IT ACCRUES AND TO CREATE AND PROVIDE A SINKING <br />FUND TO PAY THE PRINCIPAL OF SAID BONDS AS THEY <br />MATURE? <br />PROPOSITION NO. 4 <br />SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF <br />SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $3,000,000, MATURING <br />SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES <br />AND BEARING INTEREST AT A RATE OR RATES NOT TO <br />EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY <br />LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS- <br />CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF <br />CONSTRUCTING PERMANENT DRAINAGE IMPROVEMENTS WITHIN <br />SAID CITY BY THE EXCAVATION, CLEANING, DEEPENING <br />AND WIDENING OF DRAINS AND DITCHES AND THE PURCHASE <br />OF PUMPS, PIPES, MOTORS AND OTHER EQUIPMENT, APPA- <br />RATUS AND FACILITIES FOR THE DRAINAGE OF THE SUR- <br />FACE AND FLOOD WATERS FROM THE SAID CITY, AND TO <br />LEVY TAXES UPON ALL TAXABLE PROPERTY WITHIN SAID <br />CITY ANNUALLY, SUFFICIENT TO PAY THE INTEREST ON <br />SAID BONDS AS IT ACCRUES, AND TO CREATE AND PROVIDE <br />A SINKING FUND TO PAY THE PRINCIPAL OF SAID BONDS <br />AS THEY MATURE? <br />PROPOSITION NO. 5 <br />SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF <br />SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $4,000,000, MATURING <br />SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES <br />AND BEARING INTEREST AT A RATE OR RATES NOT TO <br />EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY <br />LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS- <br />CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF <br />ACQUIRING AND IMPROVING A SANITARY LANDFILL, IN- <br />CLUDING THE PURCHASE OF NECESSARY SITES THEREFOR, <br />AND TO LEVY AN ANNUAL TAX ON ALL TAXABLE PROPERTY <br />WITHIN SAID CITY SUFFICIENT TO PAY THE INTEREST ON <br />SAID BONDS AS IT ACCP.UES, AND TO CREATE AND~PROVIDE <br />A SINKING FUND TO PAY THE PRINCIPAL OF SAID BONDS <br />AS THEY MATURE? <br />PROPOSITION NO. 6 <br />SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF <br />SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE <br />004RGAT/180B01 -3- <br />