1952-05-28 Special Meeting - Laserfiche WebLink

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• I~~ZII`dUT"LS - SPECIAL I'~IEETING LA PORTS CITY COIL~~~ffSSION - I~AY 2B, 1952 5:00 P. Ib'i. Special. meeting of the City Commission raas called to order by Mayor IaS. D, Burgin, tiuith the follovaing members and city officials present: Corrmv.ssioner L. R. Rigby, City Attorney Edward J. Cade, and City Clerk J. B. I1luldoon. The follrnraing ~-'raiver was read: To the City Commission City of La Porte, Texas I, the undersigned Commissioner of the City of La Porte, Texas, do hereby ti~aive any and all notice, ~eahether prescribed by lava or by the Charter or Ordinances of regulations of said City, of a special meeting of the City Commission to b e held on the 28th day of 1:'Iay, A. D. 1952, for the purpose of considering and taking action upon the follarv~.ng matter: Consideration of the necessity to borrow funds in the sum of x$10,000.00 for general administrative purposes; the passage of a resolution authorizing the issuance of a s pedal revenue and/or tax anticipation not e; appropriating and setting aside the sum of X10,000.00 out of current revenue to pay said note; and the sale of said note to the First National Bank of La- Porte, Texas. I am of the opinion that it is necessary for the City to borrow such sum of X10,000.00 and I hereby consent for the City Commission to authorize the proper City officials to issue, execute and deliver all instruments, and do all other things, necessary to negotiating such a loan from the said Bank. =litness my hand this the 27th day of I'.Iay, A, D, 1952. S. Robert A. ;'lhite Commissioner The purpose of this meeting was to pass a Resolution authorizing the City to borrow X10,000.00 by the issuance of a Special and Tax Anticipation note for the budget year 1951-1952. The City clerk read the Resolution in full, and upon motion by Rigby, second by Burgin, Vaas passed and approved, to--wit: RESOLUTION TIC STATE OF TEX_~S COUPdTY OF Ht'~I~P~IS: CITY OF LA PORTS: A R~OLUTIOT? ~SUTHORIZIIIG TI ~ CI'TY TO BOI~t'20~~'1 X10, 000.0~~ .BY .~~~ JIS~U.QNCE OF _A SPECIAL ~~ A1~tD ~ ~~ Aar TICIPATIOTJ NOTE F OR T ~'~ BUDGET ~Y`rIAR OF 1951-52.