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~. <br />• 75 <br />- _ . MINUTES - SPECIAL MEETING <br />~~ ' <br />:: .., LA PCRTE CITY COI~ISSION - DECEMBIl~ 11, 1952 <br />.. ... ., <br />4:30 P. M. <br />The City Commission of the City of La Porte, Texas, met in special session <br />at the regular meeting place within said city on the 11th da~v of December, <br />1952, witYi the following members present : to-wit <br />.. _ :. M, D, Bur gin Mayan <br />~: _` Robert A~ White Conanissioner <br />.....: <br />L. R, Rigby Commissioner <br />- - - J. E, Ivi'aldoon City Clerk <br />_~ when the following business was transacted; <br />°' - N a ~' 3 ~ ORDIN:I.NCE CANVASSING RETt~RN5 AND <br />,. '. DECLARING RESULTS OF BCrID ELECTION <br />- ~ The Mayor introduced ~ ordinance which was read in full. Co~.ssioner Robert <br />A. White made a motion that the ordinance be adopted as read. The motion was <br />- seconded by Commissioner L. R, Rigby and carried by the following vote: <br />. AYES: htayar~ Burgin, Commissioners White and Rigby, NOES: None. <br />The ordinance thus adopted follows: <br />_. <br />-`'• _~ ORDINANCE C~'~NVASSIl3G RETII.RNS SID DECLARING RF_SULTS OF THE BOND <br />_~ ELECTION HES,D IN THE CITY OF LA PORTS, TEXAS, ON DECEIuIB~ER. 9, 1952 <br />. - I~FH~RF~-lS, there was held in the City of La Porte, Texas, on the 9th day <br />- of December, 1952, an election at which was submitted to the duly qualified <br />resident electcros of said city who own taxable property v~.thin said city and <br />who had duly rendered the same for taxation the following propositions, to-unit: <br />PROPOSITIOPd N0. ONE <br />-- SHALL THE CITY COI+~LSSI~t OF THE CITY OF LA PORTS, TEXAS BE <br />_ _. AUTHORIZED TO ISSUE THE BONDS OF'~ SAID CITY IN THE AI~UNT OF' <br />- $200,000, MATURIlVG SERIALLY "TITHIN THIRTY (30) YEARS FROM THEIR <br />- - DATE OR DATFS, Aly'D BEARING INTEREST AT A RATE NC/I' TO EXCEED F0~ <br />(~96) PER CENT PER ANNUM, BUR THE ACQUIST.T*I ON .OF A CAPITAL PROJECT, <br />- . TO-Z'IiIT; CONSTRUCTING AND IIs~'ROVING THE RQADS, ~?.IDGES AND STREETS <br />OF SAID CI'T'Y AMID TO LEVY TAXES ON ALZ TAXABLE PROP~TY l~tlTHt~1 <br />- SAID CITY JJFFICIENT TO PAY THE h1VNUAL INTEREST CAST SAID BONDS <br />AND TO PROVIDE A SINKING Fi~ND TO PAY THE PRINCIPAZ THEREOF AT <br />Mt~TURITY. <br />~' . <br />- .- ,,e~ <br />