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~J8 <br />_ _ . y .,, . .T ~_ .., <br />• <br />CONSTRI;CTIIJC. AND IP.~PR07It1G THE P.OADS, BRIDC,ES AND STREF.'LS OF SAID <br />CITY AND TO LEVY TAXES ON ALL TAXABLE PROPERTY Z'VITHIN SAID CITY <br />SUFFICIENT TO PAY T:iE ANPNAL INTEREST ON SAID BONDS AriD TO PROVIDE <br />A S INK:tNG FCTND T 0 PAY THE PRINCIPAL TII~ Rr OF AT MATtJR ITY . <br />PROPOSITION N0. TWO <br />SHALL THE CITY COMMISSION OF THE CITY OF LA PORTL, T~f t~S BE AUTFi- <br />ORI2ID TO ISSUE THE BONDS OF SAID CITY IN THE AI~OUPtT OF X25,000, <br />MATtTRING SERIALLi' J'llTiiIN TjYEtdT!'(20) YEARS FROM THEIR DATE OR-DATES <br />AND BEARING IIdT~?LST AT A RP_TE NOP TO EXCEED FOUR (J~;~) PER. CENT PER <br />ANNUM, FOR THE AC~?UISITIOP: OF A CAPITAL PROJECT, T0= 7IT: CONSTRUCT- <br />TING A GF~BAGE DISPOSAL INCIPi.ExRATOR AND TO LEVY TAXES ON ALL TAXABLE <br />PP.OPFitTY '~TITZiiPJ SAID CITY SUFFICI~JT TO PAY THE ANNUAL INTEREST ON <br />SAID BOidDS F~TD PROViD1~ A SINKING FUND TO PAY TiiE PRINCIPAL TEEREOF <br />AT MATLtRI'PY. <br />Section 2: The City CorL*:tisslc~t firlc.s -ghat the probable period of usefulness <br />of the street impraver~ents is approximately twenty (20; years arui the probable <br />periai of usefulness of the garbage disposal inci-ierator is approximately twenty <br />(20) years . <br />Section 3: Thar said aleotion shall be held at the City fiall .Buildin.g, in the <br />City of La Porto, Texas, and the entire city shall constitute one eleotion. pre- <br />cinct. The follo~~rinb tzamed persons ar® hereby appointed officers oaf said electirm.: <br />Mrs. HallieWright , Presiding .Judge <br />Nirs . Arbela Ralston ,Assistant Judge <br />2JIrs. Calvifi Compton Clerk <br />Airs . Ruth Jackson Clerk <br />Sect ion !.L : That said elect i cep. shall b e held in a.ae ordance ~*rith the F•rovisions of <br />the Canstitution an3 the laws of the State of Texas and the City Charter and only <br />duly qualified resident electors of the City of La Parts, Texas, sNho own taxable <br />property within said city and who have duly rendered the same far taxation, shall <br />be quali~'ied to vote. <br />Seetiorl 5: That the ballots of said election shall have printed thereon the <br />fallowing <br />OFFIC IAL BALLOT ~,. <br />PROPOSITION I10. ONE <br />FOR THE ISSi7ANCE OF X75,000 STREET T.biFRO'JE116ENT BOIv`DS <br />AGAItJS T THE IS SUA?Jv E OF ~?5, 000 STREET :CI~?PR(NEPJIEIdT BONDS <br />