1951-07-05 Regular Meeting - Laserfiche WebLink

Browse Search

5~7 y ~h`.~tEAS, the First Tdationat Bank of La Forte, Texas, has examined the financial status of the City and is wiling to maw such loan; NOG7, T ~i'~EFORE, be it resolved by the City Cora~is si on of the City of La Porte, Teas, that the City Clerk be authorized to issue the negotiable note of theCity to be designated. "Tax Anticipation Note" for the budget year 1951-52; such note to be in the prinicpal amount of TenThousand Dollars 010,000.00 ; to b ear interest at the rate offer cent per annum payable at maturity, and to be due and payable on or before the end of the fiscal year; and that said note be sold by the director of Finance to the said First National Banlt of La Porte, Texas, at not less than pad value. "When such note has been signed by the :Oirectar~ of Finance and delivered to said Bank iv:i.th a duly authenticated copy of this resolution' the indebtedness thereby evidenced shall be fully binding against the City. PASSED .this 5th day of July, A. D., 1951, by a vote of 2 AYE AND 0 Td0E5. APP~30VED by the Ifayor and attested by the City Clerk on said date. Motion by Jones secor~]. by Pfeiffer, authorizing the City Clerk to issue a check to E. A. Knipp in the amount of X2500.00, same being in accordance with Ordinance 1.72 passed May 7th, 1951. Carried. I~.Iotion by Jones second by Pfeiffer, tr:at Carl C, Patrick be employed on a contract basis as ~ttorney for th.e City at the rate of 4p150.00 per month, such contract to continue on a month to month basis at the pleasure of either party. Carried. Ialotion by Jones, second by Pfeiffer, that the following bills be paid: • John Norstegaaxd 5~2?~.00 Houston Lighting ~: Poz-rer Company L~..58 La Porte Hardware Company 1x2.87 Gulf Oil Corporation 19.29 The La Porte Liberal 29.35 H. J. Pfeiffer 92.10 Southtrestern Bell Telephone Company 3t~.30 A. I.I. Polker ~ Sons 6.50 I,Iayo She11 Corporation 16.00 IJIc I~Lillan Chevrolet Company 1.95 Sharp Grain Company 12.50 Galveston United Lh.sinfectant Co, 1.b0 H, Childress 9.30 Houston Natural Gas Corporation 2.06 d"hn. H. Baugh 161.00