1954-07-30 Special Meeting - Laserfiche WebLink

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235 i~:~uL'T~~S - SP~F,CI~ia iv~E,'T~~1G Lr PCRTE CITY COTd~v~SSTCPd -JULY 30TH, 19~~ 11: ~ 5 11. I! . Special meeting of t~~.e City Ccmmissicn. ,eras called to order by l~~ayor '~l. D.Fur;in, ~xith the follo~^rin~; members and city officials present: Cor~~issioners L. R. ~~ighy and H. P. Ffe; f f er ~ and City Cler. l: J.E. l:iuldoon. The purpose of this meeting eras to pass a '~~esolution authorizsng the City of La- Porte to borrff~r the sLtm of ~5~920.90, to be evidenced by a, tax ~~nticipation note payable out of current ta.~es collected during the fiscal year beginning July 1st, 19~Zr, ar~i ending June 30, 1955. The i~,iayor read the Resolution i n f ull. Upon. r:?otion by Ri`;by, second by Pfeiffer, tiie Resolution vra.s unanimously adop Ued. The P.esoluti on thus adopted follo~~s ST~~TE Gr T~,., COi.T~TY 0~' h~~~tl'i:S CITY GF LA PORTE~ r~ Rr~OLUTI0T1 ~~UTHORI7INO 'Tli ~~~ CITY OF LA PCu TI~_; TO »ORR(~l~l THE SiJial Ur` t~'Ir lY-N~1E HIJI~IDRED T'~'t~dTY 1~1D 901.00 DOLL.~r-~S (5920.90) TO BP. ~~TIDENCED BY TAX ~ ;a~l'ICIPATIGN NOTE, P~''~_Y1~~BL~ GUT OF CU'_'I'~~3T T1~is~ COL.L.`.~TE~ LTTt1TrG THE i'ISCAL `~R 13~I~~T:~ING JliLY l~ 1951 =^.ivD :~.~vDING JLT~1F 30, "1955. ':'HT~E,~?S, ~~.t rias bean deter:~,ined by the City Comr~,ission of the City of La Porte, Texas, that a necessity exists to bona?,; the sum of Fi'ty-line Hundred '~rrenty and 90100 Dollaxs 05,920.90), for the ~;urpose of paying .for that certa.~~ 195. Chevrolet t<~ro ton ca:o ar!d chassis truc~.~ .•r_~ th 135 horsepoz~rer motor, bearing T.,4otor No. 071l~.635F5l~t~ and Serial No, 'lT54J022l~~5, together ti~ritr~ beach Packmaster packer -~,,rpe g~bage body affixed thereto ~~rhich the City has recently pur chased, and that the anticipated currant revenue from ad valorem taxes ,tiri.'._l amount to ax~proxima.tely Sixty-Six Thousand Dollars (°66,000.00}; and i'tirti~RE,':5, the rust National Bank of La Porte, Texas, rlas agreed to make the City a loan of said s~_u-n of -''fif'ty-Nine Hundred TTrren_ty and 90100 Dollcss (0,920.90), to be p?id in rnontnly installments of not loss than Three Hundred ~' Dollars 0300.00} each, including five per cent (5~) per annum interest there- on, the first oI' such instal7..ments to become due and payable on or before the