HomeMy WebLinkAboutR-1950-1
....~ ;;.
'.~--"""'.
_.
,~.--- ....
e
tit
'-
~.
'\
;
.
e
T. ; aT 1I ~:~; OF ~~ Jd~A~;3
o
o
~
\. ' .\ (J.
f"' '
'pe'
., /'dJ
, ~. """""\
)
(,O~;~ -r~r
Cl I,IXi:' ..:.~
C""'V 1""":'1
~L... _ It.''_'
Lr~ i-'U'l.'~~
J'. 1~'~SC1.I;l:O:; ,:'r;'_'Fr1~,I.'T.:r; '.l.'7;.;, GTI'Y (Y!i' Li~ :'O!LTJ~, ':'l.:..~i~:) 'w~nR.no. ";5,000.00 ~y
~L'::.~':; I.:i~;T,';, c.:u; eF' r:c,:) ~PECIJ~L :tL:t,T''::I.;TJL: rU!~!.:(llt ':'n:: Y~;.'\l{ 1950.
. ...~"!;t:lI.S, it has oeel'! .M3de Imo~:n to the Ci t~r COl!l!llission of ~."n r::Uy
of .wa ::.lorte, '..i.'el,} s, tl;,'t Gertdn ei;-ht inch (lJll) y,'at-or pipp. T1i.',ht possibl;\'
be made ~vailable by
Vance Turner
_ _____~ _ ., a
pri1rptp. source Oj~ s'Jpoly Pl'!O P.t ., orice per :UnoDl foot sl1hstcll1tiDlly J.o'::er
'::'h::m '(,rc lJ5l,;al market price;
'. ..:.'i:.,,~ !R....S, it is anticipated by said. Corn.:nission that tt~ :~it.~T '.'':).11
neea. such '~)ipe from tiJl1e to time dnrin:" j.ts cllrrel'!t iT'Jprovemerc.t prOrrflu ,:1nd
thHt YJUrC~lases fro,n 8.lch SOll:'ce ,";ill represent a sulJstsntiEol sc?YJ..n"'s to the
'~it;r :Jr'ovided 3~j(':'1 purchases can be nade froM til1e to time ""ith;.1 t"i' Ee;~t
sixt:r (60) da:,'s;
. II' _.' .
.1 ~"!.b'~:.J,
said Cit~.... Go:.nni.ssion on the 12th da~,r of Jann.?r~r, 19:;0,
authorized t:le [>nrch.;se oj:' sllch pipe in (lua")tities not to exceed ('Ine :"'11 11lScro
:i:,oll.?rs (::1, 000.00) :~'o!' C1ny inoivid.u<:'l )urc~lf'se ~')rovided funds '.fF're c:.",nil;;:Jle;
.,F....:..r,.~"'s, it has ~ecome necessar~: to !J,',kF.l the ir.~~ti!:'l )urch~se of 3uch
pipe ir. oreer to ~)reserve the source of titlp~ly'for.the nc;;:t sb:t~, (60) days <,no
fun,ls ere no.. 8.vailable for suc:t init:.ill )urchase er.d probeblr ,..ill not be
available ci.urin~~ the neAt sixty (60) da;.:'s c..."1~ it ~.'ould be to t:le :::'iD;>nci:,l
ecv.sr.tC'~~e of t'le uity to bor!'oi.: funds in thG f.iTll:lunt of Fiye '.l.'homwnd Dollars
(~':5,UGO.OO) to -Lie set aside for such i~urchases ~nd such amount is consister..t
i.ith the anticip.sted receipt 01 funds sufficient t.o retire such indebtedness
l'i:l.t!11n the budget ~7ear; and,
';Y~~~~A.S, the First hational ?a.nk of L8. l.'orte, 'rexas, h~3 (:xarrin~C::
the financial status of the 'Sity' c:!1rl'-is, willi.nl! to make a lo;-.n of such ["Jount
"rc. ir. c;c~ordc>nce lvith the provisions hereinafter :3et'-.fprthj
NOV" TF.;;:ftR7OFL~, j::L 1'1' R1!;SOLV~j bj' th,;! City COIDr'lission 0:' the C:!.ty of
LC1 ?ortc, Texas, that the Ci t~' Clerk l~e Allt:1oriz~d to issue -;:'he ;~e~ot:h:ble l"ote
of ';:'he Cit~r to be designated "S~)ecial Revenu.e Hote for t:1C ::3n(1.....et YPr'!' 19r,01l j
-"--~~~
-
,...---.
e
- --......
"\
t.
,~-....
-
... "
"
..;. _ ..\
.
e
such note "(,0 be in t.he princi9al :Jmollnt of li'ive Thons;md Dollars (: ,S, OOLl.Ou);
t 1-. l'Ilterest -.,:,t +.,'.1<:' rat"'. of "{ 0/' t . t
o L.;eE-.:':' _ ~ _ '" -::'7-~--" :Jer ce:l per ar..ru.."'J., i~:t.eI'es pay-
a~Jle at !naturity, C'nd to be d-JC 1:m.d pc:;r,fole on or before "~he e;{!')ir..t~.ot: of
si;ct~T (60) d:::.jTs from nnci eftcr t~e dptc oe Pds resolut.ion; th,?t ,Kir; Dote
be; sole. b~r i::le IJ:i.!'octo!' 01' Fir-!'ln..ce to t.he said First iIF..tional '<nr-'~ at not
l:::1SS t:-:',lr .oQr vnl'J.e, flnc.. ':;hen s~lch "ote has been si"'Tlp.c, -.:.~r t~P. TJi.:l"eC7,Or of
J'infnce <:110. '~eliverecl to sc:ic. Den!c ":ith 8 ('oul~r 211t']C'nticC1tcc't Co.p~,7 of t1.ir>
resolution, t!lC'! i!'lf:el',tedness thereb:,' e~!idencE'.~i ","pll :Je f1l11~T ~')ip..c:in" i- "'r, mst
s'_'id city.
P;'.~)~JJ t~lis 19th dajT of Jnnllery, fl.D., 19~;0, b;'. 2. vote 0';' _-I .__ .W;~tj,
In" 1/ I i'~O~d.
& :. ~ -"-.-'
l'.PP:dOVllj) by t~e L.a~Tor rnd et'~ested. l)~T Juhc Ci!.~T t.acrk on
SEiCl date.
:lTT"'~ST :
----:,J.:i:- J .-Pfieffer-,-~~ror;----'---'
Cit3T of 1<1 Porte,
Tp.xas.
--r"J.:.' liftDcc l1~.,..tf:ITrCL::;;:'l.K,
~~j.t:T 0:" La Porte, Texf'.s.
'"
"