1968 Recommendations to Change Fiscal Year

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; Z !otr3 aw-- Proposed' expenditures; com years. The proposed expenditures for the administration, -opera- tion, maintenance and capital outlay of each office, deRart- ment or agency.of the city shall be itemized by character and object. In parallel column, opposite the various items .of expenditures there shall be placed the actual amount of such items of expenditures for the last completed fiscal year, the estimated amount for the current fiscal year and the proposed amount for the ensuing budget year. Section 48. Contingent appropriation. Provision shall be made in the annual budget and in th appropriation ordinance for a contingent appropriation � an amount not more than five per centum (590) of the to general fund expenditure, to be used in the case of unforeseen Items of expenditures. Such contingent appropriation shall be under the control of the commission and distributed by the commission. Expenditures from this appropriation shall be made only in . case of established emergencies and a detailed account of such expenditures shall be recorded- and reported. The proceeds of the contingent appropriation shall be dis- bursed only by transfer to other departmental appropriations, the spending of which shall be charged to the departments or activities for which the appropriations are . made. Article VI. Borrowing for Capital Improvements Section 49. Power and authority to incur indebtedness. The City of La Porte shall have the power and authority, by ordinance duly adopted, to -borrow money on the credit of the city for permanent public improvements and to issue its general obligation bonds, revenue bonds, refunding bonds, certificates of indebtedness, notes, warrants, or other forma of indebtedness pursuant to and in accordance with the pres- ent or hereinafter adopted or amended general and. speeiel- laws of this state applicable to home rule cities, .except as such power and authority is expressly limited or denied by this charter, or any amendments hereto. (As amended, August 23, 1969) Sections 50-54. Reserved for future use. Editor's note —These sections were reserved by amendment; August 23,1969. Section 55. Referendum on bond ordinance. Each bond ordinance passed pursuant to a purpose which has been authorized by majority vote of the property tax- paying voters of the City of La Porte at an election held for that 'purpose shall not be subject to referendum. Each bond ordinance relating to bonds not authorized by the qualified property taxpaying voters of the City of La Porte, shall be subject. to permissive. referendum on petition pursuant to the provision of Article X of. this charter; unless the bonds are authorized 'solely for a purpose made necessary as the result of fire, flood, or other disaster,,or the bonds are to be issued to finance the improvement or extension of a mu- nicipally owned or operated utility or other public service enterprise. (As amended, August 23, •1969). Section 56. Public sale of all bonds. No bonds issued under this charter shall be sold without first offering the same at public sale. Notice of such sale shall be given by publication at least once in a financial journal published in the State of Texas *and by publication at least once in the official newspaper of the city, both of such publications to be made not less than ten (10) days prior to the date set for such sale. (As amended, August 23, 1969)