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SECTION 55 - Referendum on bond ordinance <br />Each bond ordinance passed pursuant to a purpose <br />which has been authorized by majority vote of the property <br />taxpaying voters of the City of La Porte at an election <br />held for that purpose shall not be subject to referendum. <br />Each bond ordinance relating*to bonds not authorized by the <br />qualified property taxpaying voters of the City of La Porte, <br />shall be subject to permissive referendum on petition pur- <br />suant to the provision of Article X of this Charter, unless <br />the bonds are authorized solely for a purpose made necessary <br />as the result of fire, flood, or other disaster, or the <br />bonds are to be issued to finance the improvement or extension <br />of a municipally owned or operated utility or other public <br />service enterprise. <br />-note: The provisions must be designated as Section 55 <br />because of the later reference in Section 90 to <br />"Section 55". <br />IV. <br />Delete the present Section 56 and substitute <br />therefore the following: <br />SECTION 56 - Public sale of all bonds <br />No bonds issued under this Charter shall be sold <br />without first offering the same at public sale. Notice of <br />such sale shall be given by publication at least once in a <br />financial journal published in the State of Texas and by <br />publication at least once in the official newspaper of the <br />City, both.of such publications to be made not less than <br />ten days prior to the date•set for such sale. <br />