Loading...
HomeMy WebLinkAboutO-1931-233 .: ,., '. t ~ " " ,\ \J/ ..-....-... :.(j~ '.,; ,. '.' , / .'" r Ii i ~ It f J f \. J ~r I '''l~ . , ()J) , .... i \ \ ) I ,.,;-~ i ' " ., ..,., ': ~-~ '" '. .'.../ '...... " e I~~J e .AN OR>lNANCE PROVIDING FOR THE ISSU.\.NCE OF CITY OF LA. POBrE FUNDING WARRANTS IN THE AMOUN'l' OE .~60 ..00, MATURING S!RIALLY, BEAR- ING INTEREst' AT THE RATE OF SIX PER ~"T PER.ANNlJI(, FOR THE PURPOSE OF FmmmG A LIKE AMOUNT OF WAImANTS LEGAILY ISroED BY aID CITY FOR LLYIJ'UL CITY PURPOSES. PH>- VlDING FOR THE I:B:VY OF A TAX TO PAY THE PRINCIPAL AND INTEREst' OF SAID WARRANTS AT MATUlU'l'Y: AND DEClARING AN EMERGENCY. WHEREAS. there are certain unpaid warran's which are legal obligations ot the City at LaPorte, and said City is without money with which to pay 88D8, and this Cl~y Council having had under considera- tion the advisabl11 ty and necessUy ot pos'ponill8 the time ot payment thereat. in con!Jideretion at the payment ot interest the~eon, aDd issuing in lieu thereat, interest bearing time warrants, and it appearing to the City Council that it is 8dvisabl~ and necessary to . issue J"UNDING WARRANrS for the purpose of tunding of 88id outstanding and unpaid warrants, which are a8 tollows~. No. To Whom IsSUed Pur,po ae Final estimte on Ci ty Hall .AJaDunt P.!!!.. 1 1/20/31 w. C. streeter $960.00 . And, whereas) certain persons have agreed to purchase and take up trom the holders thereot, sll warrants lesa111' issued and hereinbetore listed, tor the purposes hereinbetore 8tate~, to the amount at $960.00, and has turther agreed to accept ill lieu thereat and in tull satistaction at said warrants 80 purchased by them, "CITY OF LAPORrE FUND- ING WARBANTS," SERIES A-193l, It bearing interest at the rate at 6% per 3n-. num.; THEREFORE, BE IT OmAINED BY THE CITY COUNCIL OF THE CITY or LAPORTE, TEXAS:. That wsrrants herein listed, aggregating the sum at 1960.00. be and the same are hereby in all things adjudicated and held and declared to be valid, subsisting, binding and unsatisfied obligatiOns against the City at LaPorte, end the acts at the city otficers in incurring 88id in- debtedness and in the issuance at sa1d warrants are hereby in all things ratitied and confirmed. That warrants ot said C~ty, to be called "CITY or LAPORTE FUNDING WARRANTS, SERlES.A....1931" be issued under and by virtue of the '.. . j .' \ ~.J ) ), . I . , ~ '" ")') , , -..:... i" J ~)) - ~./ e '" e CODSti tution and laws o~ the State at Texas, including Article 82'1, Re- Ylsed Civil statutes at 1920, tor the purpose at funding the warrants herein listed, all of which warrants are to be cancelled, and surrendered and the Funding Warrants hereby authorized issued to the bolders in lieu thereof. Said Funding Warrants shall be numbered l:sn.d..a inclusive, No" 1, shall be ot the denomination of $460.00 and No.2 for $500.00, aggregating the sum of $960.00. They shall be dated January 20, 1931, and shall become due aDd payable serially in their numerical order as follows: Number Date of RBturity Amount 1 April 20, 1932, $ 460.00 $ 500.00 2 April 20, 1933 Said Funding Warr~ts shall bear interest from dote until paid at the rate at 6% per annum, interest payable April 20. 1932 and nmi-annually thereafter on October 20 and AprU 20 each year, which in- teres~ shall be eridenoed by COUpOD:S attached to each of said warren ts. The principal and interest of said warrants shall be payable upon. presentation and surrender at' warrants or proper Qoupons at the Central Hanover Bank and Trust Company at New York, R'~ y~ . S8id warrants shall be signed by the Mayor, countersigned by the City Secretary, and registered by the City Treasurer. and the .8&1 01' the City shall be ~pressed upon each of them. The facsindle signaturea of the Mayor and City Secretary may be 11 thographed or printed upon the interest coupons. No. 1. The torm. at warrants. shall. be substantially a8 tollows: I ~~t!) ttJd UNITED BrATES OF AMERICA Sl'ATE OF TEXAS, COUNTY or HARRIS- CITY OF ~ FUNDING WARRAN'J! SERIES .1-1931.. I I o I I 1 I ~ I I, The City at LaPorte, in the County at 'Harris, State at Texas, 1'01." a valuable consideration, 1s Justly indebted and hereby pro- misea to pay to bearer. on the 20th day of April 19:!2:. at the Central Hanover Bank and Trust Company of New York. N. Y., the sum at ~. ~. I " ...I: li_)) , .. .---.. " ) :--t .~."'~/ -/ -.-- 0~ ....,.:'/ e e Ift).O f1 DOLLARS in lawrul money ot the United states ot America, with interest thereon tram date hereot at the rate of 6% per annum, interest payable April 20t 1932 and semi-annually thereafter on October 20 and April 20 each year, which interest shall be evidenced by coupons attached to each ot said warrants. Principal and interest shall be payable upon presentation and surrender ot money evidenced by this warrant and annexed coupons shall not be paid at maturity, the ~e ahall thereafter b,ear interest at the rate ot 6% per annum until fully paid; and in the event ot default and 1t beCOJllesnecessary tor the holder hereot or ot any ot the coupons at- 'tachecl. hereto to place the s8me in the hands ot' an attorn. tor colleo- tion or to institute .ult thereon, the City of LaPorte hereby obligates itselt to pay the holder an additional _ per cent as at~ol'Deys fees. This warrant;, is one of a serie. of two warrants, numbered ~ and 2. No.1 ill the denomination ot $460.00. and No.2. for .500.00, aggr.egatiD8 $960.00, which warrants are issued tor the purpose of tund- ing an equal amount ot warrants ot t;he City at LaPorte- duly and legally issued tor lawtul city purposes, the claims tar which were duly auditect and allowed by the City Counoil ot said Oity prior to their iS8UBnee) and tor whioh said City recei....d tull valus and consideration, and here- by aoknolllledses receipt' ot S8D18i and which warrants were authorized by orders and ordinance. duly and legal~ passed prior to their issuance, made and entered upon the Minutes of the C1ty Council of the City of lIaPol"te, Texas, whioh orc1inance i. recorc1ed in the Jfinutes of 8aid Coun- '011. And it i8 turther certified and recited tlBt all act8, con- d1to.1on8. and ~b.lns. required to be done precedent to and in the issuonce ot this warrant. have been properly done, heTe pppened and been pertorDBd in r88l11ar and due time, fom and manner, as requ1red by law, end that the total indebtedness ot said City, including this warrant, does not exoee4 any constitutioDal or statutory Itmitationl aDd that provision has been made tor the levying ot taxes annually for the payment ot princ1pal and 1ntere.st: ot th18 warrant; and all other warrants ot th1s serie_, as theT ..: ' respectively mature. l , l..l ,; . '" () ) ~, ("") ) ... ~;' , ". " ~ It- t e e The date at this warrant, in contorBdty with the ordinance abov8 .mentioned, is January aD. 1931. In testimony whereat, the City ot'LaPorte has caused the seal of said City to be hereto affixed and this warrant to be signed by the Mayor, countersigned by the City secretary, and registered by the City Treasurer, and the interest coupons hereto annexed to be executed by the facsimile signatures ot the Mayor and City Secretary, as ot the 20th day at January. 1931. Mayor. City at LaPorte, Teus. C~QJl~ Ci ty Secretary, C1 ty ot LePorte. Texa 8 Registered thi s the day at I 1931. CUy Treasurer.. City ot LaPorte.Teas. The tOnD ot interest coupons allall be substant1ally as tollows:. No. I . 19"~'the City Treasurer ot On the 20th day of h,!?, the C1 ty ot LaPorte. Texas, w1ll pay to bearer, at the Cent,ral Hanover Bank 6; Trust Company j ot New York, N. y ~, the sum ot DOLLARS being s1x months' interest due that date on City ot LaPorte Funding War- ra~ts Series A-193lt dated J'anuary 20. 1931, Warrant No. I City Secretary Meyor It 1s turther ordained by the C1ty Council ot the City ot laPorte, Texas. that to pay the interest on sald warrants and creete a ainldng tund with which to pay the principal as it matures, aDd to prov1de 10% attorneys tees in the event of detault. a tax ot 4i aents on eaoh $100 valuation ot all taxable property in sa1d City, ahall be 8DiJlU8lly levied ..1 ) on. allot said property and annually 888essed and collected until said ..-' . . .. ...-- -- ..-- - -.... .....--. ....~ -- ..- e / . , \..J': . ....);) , "(-): '", ." .... .' ..-... ,.. .... , f"y' , ,t .1.1 "---- ., "..J . "---'",., 'Ot'}' . " ., .' , ,:'.;~/ t · .'.i. '1,' "." ,'a ..-. '(p warrants and interest thereon are paid, and said tax of 4lcents on each $100 valuation of all taxable property in said City, or so much thereof as may be necessary" or so much more"if any, as may be necessary, is here now levied for the year 1931 and for each succeeding year while said warrants or any of them are outstanding; and the same shall be assessed and collected for the current year and annually thereafter, and applied to the purpose named. Be it further ordained that the Mayor of the City of LaPorte be and he is hereby authorized and directed to take and have charge of said Funding Warrants, and he shall have authority to deliver said war- rants to the owner and holder of the original warrants herein listed, when said original warrants have been surrendered to him and cancelled. The fact that it will be a' public benefit to the City of LaPorte to have the hereinbefore described indebtedness funded cDnstitutes an emergency and an .imperative public necessity that this ordinance take effect and be in force from and after its passage" and it is so ordained. , PASSED AND APPROVED this the ~ day of January, 1931. ;f:n ...Ill Mayor, City of LaPorte, Attest: THE STATE OF TEXAS) COUNTY OF HARRIS ) CITY OF ~ LABORTE:,' 1,.' ) I, the undersigned City Secretary of the City of LaPorte, Texas, hereby certify that the foregoing is a true and correcttcopy of ordinance passed by the City Council of the City of LaPorte, Texas" on the 20 daY of January, 1931, and recorded in Book ____, page _ et seq. ot the Minutes of said Council. WITNESS my official signature this the -2Q.. day of January, "J2Yf~ City Secretary, City of LaPorte, , : ' Texas 1931. . . (SEAL) debtednesa and. 1n the issuance otsatd warrants are hereby: in all thines That warrants herein listed, aggre~atinl the SUIl ot '960.00, be and the same are hereby- in all things adjudlca~t.d and held aDd declared to be Talldt subsisting, binding and unsatlstledobliget10ns against the City of LaPorte, end the acts at the city officers inlncurring aaid 1n... or IJ.PORB. TEXAS: THEREFORE, BE IT OH).AlD) BY THE CITY COUNCIL OF THE CITY num; satisfaction ot said warrants 80 purchased by them, "CITY OF L\.PORrB J'UNl)... ;! ING ~S," SERIES A-1931. II bearing interest at the rat. of 6% per an- -' and take up from. the holders thereot, a:J-l warrants lesallf issued and hereinbefore listed, tor the purposes hereinbetore stated. 110 the amoun, ot .960..00. and hea further agreed to accept ill lieu ,thereot and 1n full It And, ""here.., certain persons haTe agre,d to purchaee .Amount Purpo. Final e8t1_te on City Hall w. c. streeter 1/20/31 1 .960.00 . To Whom. IssUed Y!!!.. No. are a8 follo",.: 18ga1 ob11gatiOlls ot the C1ty of LaPorte, and said Oity 1s without money with whiCh ",0 pay aaD. and tb1e ctty Couaeil having had under considera- tion the adTlsab111ty and necessity of p08tpo.nins the time of payment .~i."'~~:" _ ~,; :. '! :....; i... I;. -:~ ,.oWBIBEAS. rh~1"e are cerlain UpPttd~:W$~D$.8 .inch are JJ!r oBDm....bB PBOV'!DllQ: FOR. THE ISflL\NCBOr :.rO!:.r:~~~:-~:t.;:.~: ..' INn. Dfr:au:SJ,t u_ J,,~lfJt' .Qf ': ,au; .~':~ : !=iS~~... VlDING':roB, THE un 0],1' A TAX TO. PD"!f1I ii . . PRINCIPJ.LANn D1.ltiu~.; .Or 8I+;m~TS':~'l' MATUBlTY IAlID D1ICU.1UIBJN ~i. : i! . ,. ". :. r~!~ ' .. 4k e . I~ ~~ I , .~I' " ./ Hanover Bank and Trust Oomrany of New York, N'. Y.. the sum ot mi"es to pay to bearer on the 20th day ot April 19:!2:.a"t t.ne Central The City ot LaPorte, in the County ot Harris, State of Texas. tor a nluab1e ccmstderatlon. is justly inde'btlltd and hereby pro- CITY OF LUORn FtlNDlNG YAllRA.N'r Sl!:RD!:S .1.-1931 ff' S1'.A.TE OF TEnS COUNTY or W..BBIS lINlTED BrATES OF AIlERICA. The form ot warrants shfl.1J. be substentia;l1y a8 follows~ /4' ~ t:J" t p. No.1 interest coupons. 01' the Mayor and City Secretary may be lithographed or printed u~an the the City snall be ~pres8ed upon each at them. The facsimile signatures the City Secretary, and registered by the City Treasurer. and the aeal. at ./ Seid warrants shall be signed by the 'MaY~t countersigned by e Cen tral Hanover Bank and. Trust CO.1lptilny of liew Yo:rlc:, .,. Y. upon presentation and surrender 01' warrants or pro~er ~oupane at the The principal and interest of said warrania shall be payable tenst shall be ertd.noed by coupons attached to each of said warren ts. ...-i......nually thereafter on October 20 and AprU 20 each year. which in- Said Funding W3rr3nts shall bear interesttrom. date until paid at the rat13 of 6% :per annum. interest payable Apr1: 20. 1932 3nd - Humber Date or Ibturlty Amount, - 1 April 20t 1932,. .. 460.00 2 April 20.. 1.933' $ 500..00 They shall be dated J'anuary 20, 193~, and'. shall become due and payable serially in their numerical order as toll~s: Sdd Funding Warrants shall be numbered 1_':84"8 inclusiTe, No.1, shall be at tbe denQllllnatlon ot $460.00 811"- NO.:2 ~O!:t' $500.00. aggregating the sum ot $960.00. thereot. 'Vi.ed C1vil statutes of lQ25, tor the purpose 01' tund1~ the werrants herein listed. allot which lIllrr8Dts are to be. canc.l~ aDd 8lE'r.8ndered , and the Funding Warrants hereby authorized issued to the holders, in lieu Consti tution end laws: of the State ot Texas, inCluding ,Article 827,. Re- e: e .. 4 respectively mature~ intereet ot this warrant, and all other warrants ot this series, as the;r made tor the levying ot tEoxe8 annual4 tor the payment ot princl~l and _. total indebtedness ot said City, including this warrant, does not exceed any constitutional or atatutory limitation; and that provision has been in regular and due time, tom and manner, aa required b7 lsw, and. that the ot tbis warrant, haTe been properly done, heTe __ppenedand been performed .1n.d it Is further certified end recited tl:at all acts, con... d1t1on. and things required to be done precedent to and 1n the iswonce e1l. 1I&Port.. Texc;;.s, which ordinance is recorded in the Minute. at aeld Coun- mr.de and entered upon the lII1nutes ot the City Council ot the City or tlnd tor whioh said City received full value and considere.t1ou, and here- e. by aoknowledges receipt ot same; and which 'Rrt"'o:lnts were: authorized by orders and ordinances duly and legally passed prior to their issuance.. iseued tor lawtul city purpoAe., the claiJl18 tar which were duly audited and allowed by the City Council ot said Oity prior to their issuance_ aggregat1D& $960.00, which warrents are ismed tor the purpose ot fund- ing an equal amount ot warrants of the City of LaPon. duly and legally land 2, No" 1 in the denomination ot $460.00. and No.2 tor $500.00, This warrant 1s one of a series of bo w8rren1i.J numbered itself to pay the holder an addi tiona1 b per a8ut aEl attorney. tees. tion or to in8titute ~lt thereon, the City ot LaPorte hereby obligates I tached hereto to place the 's&.m8 in the hands ot an etto:nlllr' for collec- - not be paid at maturity, the swae !hell thereafter bear interest &t the rat4!' o.t e~ per annum until tully paid; and in the eTent qf' def'aul t and 11; )eCOllesnece8s:u7 tor tibe holder hereof or ot any of' ~ti coupons at- warrants. Principal aad intered shall be pe.yable Ulloa preeeniat1OD. and surrender ot Uloney eTldenced . by tbi s warrant and annexed 'eoupon,s me 11 in lawful money ot the United States ot A1nertca, with 1D.t~rest theNOJl trom date hereof at the rate of 6% per annum, interest pa'able April 20t 1932 u.d eem1-annu.ally tnereatter on October 20 and A~r11: 80 each year, which interest .hal~ be Hideneed 'by coupons att$ched. to each of said ~ e e ~ ',:'UPI' "11;,, I" ./ valuation ot all taxable property in said City, ahall be lDJ1uslly levied _ on all at said property and annually assessed and cOllected until said fund with which to pay the principal as it matures. and to provide 10% attorneys tess in the event at detault. El tax ot 4, cents on each ~lOO Texas, that to pay the Interest on seid warrants and creete a sinking It is turther ordained by the City Oouncil or the C1ty ot Loporte. City Secretary ~yor being 81x monthst interest due that date on Oity ot LaPorte Funding War- rants Series A-193l. dated JanuQry 20. 1931. Warrant NO.'~ DOW~RS Bank It Trust C01!lpany. ot New York, N. Y., the sum ot e the 01 ty ot LaPorte. Texas, will pay to bearer, at the Central Hanover I 19"-V-; the Cilly Treasurer ot - On the 20th day of k fJ, .. No...L The torm ot iuterest ooupons 811all b& sub.tanllial:ly as tallows:. City Tnl8Unr. CitY' ot LaPorte,Texas. . 1931.. day ot Registered thls the _ COQZ~ City Secretary, City ot LaPone. Texas iiyor" Cityot LaPorte. Texas. at ~anuaryJ ~g31. facsimile signatures ot the Meyor and City Secretary. e. o~ thl.2Oth day 'l'b.e date ot thl. warrant to in confo:mi tr w1 th the o1'l'11nance abo"'t mentioned, i8 J'anuary 20, 1931~ In test1mOIl1' whereat, the City at' LaPorte haa ca~8ct t~. seal of ~1d City to be hereto affixed and this warrant to be ..gned by the Kayor, countereip.ed by the Oity Secretaryj and registered;::b,. the City f! Treaeurer, end the interest coupons here~ annexed to be ".uted lay the .' e e I: ~ J ( t;EAL) I, the undersigned City Secretary of the City of LaPorte, texas, here~~ certify that the foregoing is a true and correcttcopy of ordinance passed by the City Council of the City of ~.Porte, Texas" on the -&Q._ day of January, 1931, and r.ecorded in Book'_, !lage et seq. of the Minutes of said Council. WITNESS my official signa.ture this the ~ da.y of Janna!';'!, J2 :Jf'/~- City Secretaf,y,Citiof LaPorte, T~xas 1.931. THE STATE OF TEXAS) COUNTY OF ~~S ) CITY OJ/LAPORTE ..) ~..t;( c~ty eeret ry; Oit Texas Attest: 7f:;n.InI~ ~~yor, City otLa.por~ effect and be in force from a.nd after its passv,ge, and it is so ordaIned. PASSED l\HD aPPROVED this the ~ day of January, 1931. an emergency and an im~Jerative public necessity thatth.is ordinance toke Lal~orte to have the hereinbefore described indebtedness funded constitutes The fact tbat it will be a' public benefit to the Cit.y of when said origi..Tlal warrants have been surrend.ered to him ..a.nd mmcelleci. rants to the owner and holder of the original warra.nts herein listed" said Funding Warrants, and ~1e shall have authority to de~ ver said 1'lar- be and he is hereby authorized and directed to take and bave charge of Be it further ordained that the Mayor of the City or ta~orte assessed and, collected for t:he current year snd ~~Uy- ;!,'hE:n"~fter, and applied to the pur~08e named. said warrants or an~~ of them arp. outi,tanding; and the same Sh811 be here now levied for the year 19.31 and for each succeeding ;::year while , : :f' warrants and interest thereon ,are paid, and said tax of 4~enta on each ~lOO valuation of all taXable property in said City, or so muoh thereof , - ns may be necessary, or somueh more"if any" ~s m~ be necessary, is (p e :t. -. ~ .;. e '-., - .' ~ - . f ~ .