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<br />~ ~
<br />ORDINANCE NU . ~G'
<br />AN ORDINANCE PROVIDING FUR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM
<br />TAX FUR THE YEAR 1957, OF AND AT THE RATE OF ONE AND 75/100 DOLLARS ($1.75) ON
<br />EACH ONE HUNDRED DOLLARS ($100.00) VALUATION OF TAXABLE PROPERTY IN THE CITY OF
<br />LA PURTE, FUR THE PURPOSE OF PAYING THE INTEREST ON, AND A SINKING FUND FUR, THE
<br />REDEMPTION OF "CITY OF LA PORTS REFUNDING BONDS, SERIES 1934", "CITY OF LA PORTS
<br />WATER SYSTEM REFUNDING BONDS, SERIES 1946 , CITY OF LA PORTS STREET IMPROVEMENZ
<br />BONDS, SERIES 1949", "CITY OF LA PURTE GARBAGE INCINERATOR BOND5, SERIES 1949",
<br />"CITY OF LA PORTS STREET IMPROVEMENT BONDS, SERIES 1953-A", "CITY OF LA PURTE
<br />CITY HALL BONDS, SERIES 1953" AND "CITY OF LA PORTS STREET REFUNDING BONDS, AND
<br />"CITY OF LA PURTE SANITARY SEWER SYSTEM BONDS, SERIES 1955" AND FUR PAYING CUR-
<br />RENT EXPENSES OF SAID CITY,
<br />BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PURTE, TEXAS,
<br />THAT:
<br />Section 1. There is hereby levied and shall be assessed and collected
<br />for the year 1957, on all the taxable property in the City of La Porte, Texas,
<br />• on the 1st day of January of the year 1957, an ad valorem tax of, and at the
<br />rate of, One and 75/100 Dollars ($1.75) on each One Hundred Dollars ($100.0(1)
<br />valuation of taxable property in said City, estimated in lawful currency of the
<br />United States, for the purpose of paying the interest on, and a sinking fund fog
<br />the redemption of, One Hundred Forty-Eight Thousand Dollars ($148,000.00) "City
<br />of La Porte Refunding Bonds, Series 1934", Twenty-Two Thousand Dollars ~22,000.Op)
<br />"City of La Porte Water System Refunding Bonds, Series 1946", Seventy-Five
<br />Thousand Dollars ($75,000.00) "City of La Porte Street Improvement Bonds, Serie;
<br />1949", Twenty-Five Thousand Dollars ($25,000.00) "City of La Porte Garbage In-
<br />cinerator Bonds, Series 1949", Two Hundred Thousand Dollars ($200,000.00) "City
<br />'~of La Porte Street Improvement Bonds, Series 1953-A", Twelve Thousand Dollars
<br />• '~ ($12,000.00) "City of La Porte City Hall Bonds, Series 1953", Twenty Thousand
<br />~ Dollars ($20,000.00) "City of La Porte Street Refunding Bonds, Series 1954" and
<br />Sixty Thousand Dollars ($60,000.00) "City of La Porte Sanitary Sewer System Bond ,
<br />Series 1955" and for paying current expenses of said City, and levied as follows
<br />to-wit
<br />(a) There is hereby levied a tax of Twenty-Two Cents (22~) on each
<br />Une Hundred Dollars ($100.00) valuation of taxable property in the City of La
<br />'• Porte for the year 1957, for the purpose of paying the current interest on, and
<br />'', to provide the necessary sinking fund for, the One Hundred Forty-Eight Thousand
<br />Dollars ($148,000.00) "City of La Porte Refunding Bonds" issued in the year 193
<br />'~ and the same shall be assessed and collected and applied to the purpose named.
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