R-1971-02 - Laserfiche WebLink

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...,.. . e ~ creation of a political subdivision to be created as a conservation and reclamation district (more particularly a water control and . . . improvement district) by authority of Article XVI, Section 59, Texas Constitution, in accordance with and having all the powers provided by Chapter 3A, Title 128, Revised Civil Statutes of Texas, 1925, as amended, and tentatively proposed to be called La Porte Utility District of Harris County, Texas, the boundaries of such District being described by metes and bounds in Exhibit "A" attached hereto and made a part hereof for all purposes. 3. The consent herein granted is conditioned upon the following terms and conditions, to-wit: (a) Bonds may be issued by the District only for the purpose of purchasing and constructing, or purchasing or constructing or otherwise acquiring waterworks systems and sanitary sewer systems, and, with the prior written consent of the City of La Porte, for drainage facilities, and to make any and all necessary purchases, constructions, improvements, extensions, additions and repairs there- to, and to purchase or acquire all necessary land, rights-of-way, easements, sites, equipment, buildings, plants, structures, and facil- ities therefor, and to operate and maintain same, and to sell water and other services within or without the boundaries of the District. Such bonds may not be exchanged for property acquired by purchase or in payment of the contract price of work done or services ren- dered for the use and benefit of the District. Such bonds may only be sold for cash and the proceeds thereof paid over by the Directors to the depository for said District. Such bonds and all refunding bonds issued by the District shall only be sold after the taking of public bids therefor, and all bonds and refunding bonds shall be sold for cash for not less than par and accrued'interest, shall be -2-