Laserfiche WebLink
IP <br />Ordinance 1446, Page 3 <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 ACCRUES, AND TO CREATE AND <br />PROVIDE A SINKING FUND TO PAY THE PRINCIPAL OF <br />SAID BONDS 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 />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 WITHIN THE DIS- <br />CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF <br />PURCHASING AND/OR IMPROVING LAND FOR PARK PURPOSES <br />(BUT EXCLUDING THE IMPROVEMENTS SPECIFIED IN <br />PROPOSITION NO. 7), AND TO LEVY AN ANNUAL TAX ON <br />ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT <br />TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES, <br />AND TO CREATE AND PROVIDE A SINKING FUND TO PAY <br />THE PRINCIPAL OF SAID BONDS AS THEY MATURE? <br />PROPOSITION NO. 7 <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 $1,500,000, 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 IMPROVING LAND FOR PARK <br />PURPOSES, TO -WIT: CONSTRUCTING OR PURCHASING A <br />GYMNASIUM, SUPPORT FACILITIES AND RELATED IMPROVE- <br />MENTS IN LITTLE CEDAR BAYOU PARK, 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. 8 <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 $550,000, 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 OR PURCHASING A PUBLIC BUILDING, <br />NAMELY A FIRE STATION, AND ADDITIONS AND IMPROVE- <br />MENTS THERETO, AND TO LEVY TAXES UPON ALL TAXABLE <br />PROPERTY WITHIN SAID CITY ANNUALLY, SUFFICIENT TO <br />PAY THE INTEREST ON SAID BONDS AS IT ACCRUES, AND <br />TO CREATE AND PROVIDE A SINKING FUND TO PAY THE <br />PRINCIPAL OF SAID BONDS AS THEY MATURE? <br />005RGV/180B01 -3- <br />