Ord. 1979-1147 - canvass bond election

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e . . PROPOSITION NO. 2 FOR THE ISSUANCE OF $1,250,000 WATERWORKS SYSTEM TAX BONDS 277 votes AGAINST THE ISSUANCE OF $1,250,000 WATERWORKS SYSTEM TAX BONDS 115 votes as shown in the official election returns heretofore sub- mitted to said City Commission and filed with the City Clerk; therefore, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: Section 1: That the City Commission officially finds and determines that the bond election held in and throughout the City of La Porte, Texas, on the 24th day of February, 1979, which election is more particularly described in the preamble ~ to this ordinance, was duly called and notice thereof duly given in accordance with law; that said election was duly e . held in the manner required by law; and that the returns of the election have been duly delivered to the City Commission and it has duly canvassed the. same. Section 2: That said election has resulted in favor of the adoption of Propositions Nos. I and 2 respectively providing for the issuance of tax bonds for the purpose of extending and improving the City's existing sanitary sewer and waterworks systems; and that more than a majority of the duly qualified resident electors of the City who voted in said election voted for the issuance of said bonds. Section 3: That the City Commission is now authorized to issue all of the bonds described in said Propositions Nos. 1 and 2 anq to levy, assess and collect the taxes in payment thereof, and is now authorized to do any and all things necessary and convenient in connection therewith. Section 4: That this ordinance shall take effect and be in full force upon and after its adoption. / -2-