HomeMy WebLinkAboutO-1925-199
......
.:
\'\ e
'"
e
,"
.'
)
BOND OnD HTANCE
!if. I q (7,
THE STATE OF TEY~S 0
o
COUNTY OF HARRIS 0
o
CITY OF LA PORTE 0
On this the ~ day of ~v-.~ , 1925, the City
Council of the City of La Porte, Texas, convened in regular
session at its regular meeting place in said City, all the
members thereof, 'to-wit:
Frank W. Reynolds, Mayor;
a:~',~, J(J;~/1.$tfA. u.-eJ.wvvl{)/tA.
G~o. ~. B~ick, Alderman;
A. C. Horlonan, Alderman;
J. W. Hunt,
Alderman;
./
Chas. Norris, Alderman;
E. P. Sullivan, City Secretary
being present, and among other proceedings, the following
ordinance was passed:
AN ORDINA}lCE OF THE CITY COUNCIL OF THE CITY
OF LA PORTE, AUTHORIZING THE ISSUANCE OF BONDS
FOR THE PRINCIPAL SUM OF THIRTY THOUSAND DOL-
u\RS FOR THE PURPOSE OF CONSTRUCTION OF
WATERWORKS FOR THE CITY OF LA PORTE WITHIN
ITS LIMITS, AI\ffi ~ROVIDNG FOR THE LEVY,
ASSESSMENT AIm' COLLECTION OF A TAX ON ALL
TAXABLE PROPERTY WITHIN THE LIMITS OF SAID
CITY TO PAY THE INTEREST A}ID CREATE A SINKING
FU~ID FOR THE REDEMPTION TfffiREOF AND PRESCRIB-
ING TIlE FO~ BOND AND ~ECL1\RING AN EMERGENCY.
Alderman ~ moved that the ordi-
1
1-
,/
nance be placed on its first reading; seconded by Alderman
~.~
and carried by the following vote:
t
. .i
AYES: Aldermen Geo. W. Brick, A. C. Workman, J. W. Hunt, and
Chas. Norris. ~.e'~r'
NAYS: None.
.j
Carried; placed on first_reading.
Alderman ~~ ~ moved
be passed first reading; seconded by Alderman
and carried by the following vote:
AYES: Aldermen Geo. W. Brick, A. C. Workman, J. W. Hunt, and
that the ordinance
~
' - ~v~
j
I
I
,
\
Chas. Norris. .~ . C': . )~).Q)1q.(lNl..i
e
\
"\ \,
e
NAYS: None.
Carriedj ordinance 'passed first reading.
Alderman ~A ~~oved that the rules be sus-
pended and tbat the ordinance be placed on second readingj
seconded by Alderman ~ ~, and cal'ried by the follow-
ing vote:
AYES: Aldermen Geo. W. Brick, A. C. Worlonan, J" W. Hunt,
and Chas. Norris, ~\. ':!" ,Q),tJ.7W:...t.....
NAYS: None.
Carriedj ordinance placed on second reading.
Alderman~~Jt~, moved that the ordinance
pass second reading; seconded by Alderman ~~ ~ j and
carried by the followi!lg vote:
AYES: Aldermen Geo. W. Briclc, A. C. Workman, J. W. Hunt, and
Chas. :Norris. ~. e,. ~~()}\(tv,^,
Nays: None.
, "
Carriedj ordinance passed second reading.
Alderman....~ /I ~~ moved that the ordinance
third and final reading, seconded by Alderman ~ L,~1.J
j and carried by the following vote:
AYES: Aldermen ~eo. W. Brick, A. C. Workman, J. W. Hunt, and
pass
'Chas. Norris. ~,C-. ciOlPfta-OV'....,
NAYS: None.
I
I,
!\I
Mayor Frank W. Reynolds then declared the ordinance
'.. .
" ,
The ordinance follows:
/',
'/
~....
,finally passed.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF LA PORTE, AUTHORIZING THE ISSUANCE OF BONDS
FOR THE PRINCIPAL SUM OF THIRTY THOUSAND DOL-
LARS FOR THE PURPOSE OF CONSTRUCTION OF
WATERWORKS FOR THE CITY OF LA PORTE WITHIN
ITS LIMITS, AND PROVIDING FOR THE LEVY,
ASSESS~~qT AND COLLECTION OF A T.~ ON ALL
TAXABLE PROPERTY WITHIN THE LIMITS OF' SAID
CITY TO PAY THE INTEREST AND CREATE A SINKING
FUND FOR THE REDEMPTION THEREOF AND PRESCRIB-
ING THE FORM OF BOND AND DECLARING AN ~IERGENCY.
)
)
e
e
VlHEREAS, at an election held in the City of La Porte"
Texas, on the 7th day of November, 1925, a majority of the
qualified voters who are property tax payers in the City of
La Porte, Texas, voting at said election, sustained the propo-
sition to issue the bonds hereinafter described for the prin-
cipal sum of ~~30,000.00 by a vote of / / () affirmative votes to
/~ negative votes, and no mutilated ballots, making a
majority in favor of issuing said bonds and levying said tax.
TID~REFORE, BE IT ORDAIm~D by the City Council of
the City of La Porte, Texas:
section 1.
That the bonds of said City to be called "CITY OF
LA PORTE WATERWORKS BONDS" be issued under and by virtue of the
Constitution and laws of the State of Texas, including Chapter 9,
of the General Laws enacted by the Thirty-seventh Legislature at
its regular session in 1921 and Chapters 1 and 7, Title 22,
Revised Statutes of 1925.
Section 20
That said bonds shall be ntunbered consecutively from
1 to 30 inclusive, sha.ll be of the denomination of ~~1,000.00
,each, aggregat~ng ~~30,000.00.
Section 3.
That they shall be dated November 10, 1925, and
shall become due and payable serially in thei1~ numer ical order
as follows:
lruMBER MATURITY AM:OUNT
1 April 10" 1928. ~~l, 000 .00
2 April 10, 1930' 1,000.00
3 April 10, 1932 l,OOO.OO
4 April 10" 1934 1,000.00
5 April J.O, 1936 l,OOO.OO
6 April J.O, 1938 1,,000.00
7, April lO, 1940 1,000.00
8 April J.O, 1942 1,000.00
9 April 10, 1944 1,000.00
lO April 10, 1945 1,000.00
11 April 10, 1946 1,000.00
l2 April 10" 1947 1,000.00
13 April 10, 1948 1,000.00
. ' 14 April lO, 1949 1,000.00
l5 April 10, 1950 1,000.00
16 April 10, 1951 1,000.00 t}
l7 April 10, 1952 1,000.00
18 Apr il 10, 1953 1,000.00
19 April 10, 1954 1,000.00 1
April lO, 1955 l,OOO.OO ~
20 I
.e
e
I
'I
I
j
f
Cont.
NUMBER
21
22
23
24
,25
26
27
28
29
30
MATUHITY
AMOUNT
April 10, 1956
J\pr'i1 10, .1957
Apl~il 10, 1958
April 10, 1959
April 10, 1960
April 10, 1961
April 10, 1962
April 10, 1963,
April 10, 1964
April 10, 1965
~~1, 000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,,000.00
Section 4.
The,t they shall beer interest at the rate of 6J-& per
annwn, payable April 10, 1927, and semi-annually thel'ea,fter on
October 10th and April 10th ea.ch year.
Section 5.
That the principal and interest of said series of
bonds shall be payable 011 presentation end sUl~render of bond
or proper coupon at the Hanover :Nationa.l Bank of neVi York, N.Y.
Section 6.
That each of said bonds shall be signed by the Mayor,
countersigned by the Ci ty SeCI'etal~y and register'ed by the City
Treasurer, and the corporate seal of the City of La Porte,
Texas, shall be impressed. upon each of them.
Section 7.
That the fs.c-simile signatures of the Mayor and the
City Secretary muy be lithographed or printed on the coupons
attached to sa.id bonds and shall have the saIDJ'J effect as if
they had been signed by them.
Section 8.
That the form of said bonds shall be substantially
as follows:
No.
~~1, 000 .00
UNITED S~rATES OF AMERICA
STNrE OF' TEXAS
COUNTY OF P~RRIS
.
I
J
CI~i OF LA PORTE WATERWORKS BOND
KNOW ALL MEN BY THESE PRESENTS: TH..A..T the City of
\
La Porte in the County of Harris, State of Texas, a municipal
corporation, duly incorporated under the laws of the Sta.te of
e
-
Texas, for value received, hereby' promises to pay to the bearer
hereof on the lOth day of April, 1928, the Stun of
ONE 'rI-mUSAND DOLI..AHS
in lawful money-of' the United States of America, with interest
thereon from the date hereof, at the rate of 6% per annum,
interest payable April 10, 1927, and semi-annually thereafter
on the lOth day of October and the 10th day of April, each
yee.r, principal and interest payable upon presentation a.nd sur-
rehder of bond or proper coupon at the Hanover National BanIc
of New York, ll. Y., and the City of La Porte, Texas, is hereby
held and fir'mly bound and its fa'i th and credit and all real
and person.al property in said City a,re hereby pledged for the
prompt payment of the principal of this bond and the interest
thereon at matur'ity.
This bond is one of a series of thirty bonds numbered
consecutively from 1 to 30 inclusive, of the denomination of
$1,000.00 each, a,ggregating $30,000.00, issued for the purpose
of construction'of waterworks for the City of La Porte, Texas,
within its limits as authorized by the Constitution and laws
of the state 01', Illex~ including Ch~pter 9, of the General Laws
enacted by the Thirty-seventh Legislature at its regular ses-
sion in 1921, and Cl~pters land 7, Title 22, Revised statutes
of 1925; and in pursuance of an ordinance passed b:r the City
council of the City of La Porte, Texas, on the 17~ay of
.p/ <'7 ~
, 1925, which ordinance is of record in the
Minutes of said City.
The date of this bond, in conformity with the ordi-
nance above mentioned, is November lO, 1925.
It is hereby certified and recited that the issuance
of this bond, and the series of bonds of which this is one, is
duly authorized by law and by a vote of the qualified property
tax paying.voters of the City of La Porte, Texas, voting at
, ) an election held for that purpose within said City on the
7th day of November, 1925j and that all acts, conditions and
things required to be done precedent to and in the issuance
of this series of bonds and of this bond, have been properly
e
e
done and performed and have happened in regular and due time,
form and m.annel~ as required by la.w; tha.t sufficient and proper
provision for the levy and collection of taxes has been made,
which, vlhen collected, shall be appl~opl'iated exclusively to
the payment of this bond and of the series of Which it is a
part, to the payment of the inter'est coupons hereto annexed
as the same shall become due; and that the total indebtedness
of the said City of La Porte, including the entire series of
bonds of which this is one, does not exceed any constitutional
or statutory limitation.
IN WITNESS WHEREOF', the City of, La Porte, by its
City Gouncil, has caused its corporate seal to be affixed
hereto and this bond to be signed by its Mayor, cowltersigned
by its City Secretary, and registered by its City Treasurer,
and tlre interest coupons hereto attached to be executed by the
lithographed fac-simile signatur'es of the Mayol~ and the City
Secretary, as of the 10th day of November, 1925. '
~~{JJ..~,~qrJ q
Mayor, City o~ 'a Porte, Texas.
Registe~ed :--'J-.-v,
71~ r I.
Ci ty Treasurer.
section 9.
The form of coupon shall be substantially as follows:
No.
~:j30 .00
ON THE 10th day of ~'I.~ lO~"
The City of La Porte, Texas, will pay to bearer at t~e Hanover
Na t ional Bank of New York, 1~. Y., the sum of
THIRTY DOLLARS
in lawful money of the United states of America, being six
months' interest on the City of La Porte Waterworks Bond
No. , dated November 10th, 1925.
(, I
. VI"'" ']Mayor
City Secretary.
e
e
Section IO.
The following certificate shall be printed on the
back of each bond:
OFFICE OF COMPTROLLER 0
o
STATE OF TEY~S 0
I hereby certify that there is on file and of record
in my office a certificate of the Attorney General of the State
of Texas to the effect that this bond has been examined b;r him
as required by law and that he finds that it, has been is sued
in conformity vdth the Constitution and laws of the State of
Texas, and that it is a valid and binding obligation upon the
City of La Porte, Texas, and said bond has this dew been regis-
tered by me.
WIT1ffiSS DIY hand and seal of office at Austin, Texas,
this _ day of
, A. D. 1925.
Comptroller of Public Accounts
of the State of Texas.
+-
Section ll.
It is further ordained by the City Council of the
City of La Porte, Texas, t~at to pay the interest on said
bonds and create a sinking fund to discharge them as they
ma ture, a tax of:L (J - cents on each one hundred dollars I
'i
\
j
I
valuation of all taxable property in said City of La Porte,
Texas, shall be annually levied on said property and annually
assessed and collected until said bonds and interest thereon
are paid, and said tax of c::2.~uents on each one hundred
dollars' valuation of all taxable property in said City,
is here now levied for the current year i92!i, and. for each
succeeding year while said bonds or any of them are outstand-
ing; and the same shall be assessed and collected for the
\ current year and annually thereafter, or so much thereof as
may be necessary for said purpose, and applied to the purpose
named.
e
e
Section 120
,
,",
It is further ordained that the Mayor of said City,
Frank \"oJ. Heynolds, shall be authorized to take and have cI,l.arge
of all necessary records pending investigation by the Attorney
General and registration by the Comptroller of Public Accounts.
Section 130
The fact that tI~ City of La Porte, Texas, is badly in
need of the construct).on of waterworks within its limits, which
construction is necessary and will be to the best inl(;erest and
general welfare of said City, creates an emergency and an im-
perative public necessity that the rule requiring ordinances to
be read on three separate days before final passage, be sus-
pended, and such rule is ]lereby suspended, and it is ordained
that this ordinance shall take' effect and be in fOl'ce immediate-
ly upon its passage and approval.
PASSED AND APPROVED tIns /7Ui day of n~("QA,1.t\R'..,.Qh ,
A. D. 1925.
~~-=-~,.~v\.,~\).~l,.~
ayor, y of 'a Porte, Texas.
Texas.
, ; i
...... I
wm
~.
.
.
,~
a\
~
\,
,
"
-
,/ ,It
.'
~.
,
.".""
'...
BOND ORD INANCE
11- I q 9,
~EE STATE OF TEXAS 0
o
COUNTY OF HP~RIS 0
o
CITY OF LA POF.TE 0
On this the ~day of ~ ' 1925, the City
Council of' tho City of La Porte, Texas, convened in regular
session at its regular meeting place in said City, all the
members thereof, to-wit:
Frank W. Reynolds, Mayor;
~..~,~~, af.~
Geoo ~. Br~ck, Alderman;
r "'.
A. I;. Worlonan, Alderman;
J. q. Hunt,
Alderman;
.,-t""
Chas. Norris, Alderman;
/' E. P. Sullivan, City Secretary
\;I being present, and among other proceedings, the following
ordinance was passed:
AN ORDH1ANCE OF THE CITY COUNCIL OF THE CITY
OF LA PORTE, AUTHORIZING Trre ISSUANCE OF BOliDS
FOR THE PRINCIP~L SUM OF THIRTY THOUSAND DOL-
LARS FOR THE PURPOSE OF CONSTRUCTION OF
~':A~ERVIORKS FOR THE CITY OF LA PORTE \"iITHIN
ITEi Ln~ITS, AIm PROVIIING FOR THE IiEVY,
ASSESSrHENT AND COLLECTIO~ OF A TAX ON ALL
TA}~~LE PROPERTY WITHIN THE LIMITS OF S~ID
CI?Y TO PAY THE INTEREST AlID CREATE A SINKING
FUrID FOR THE REDEMPTION THEREOF AND PRESCRIB-
ING TIlE FO~~ BOND MID ~ECLARING All EAlERGENClY.
Alderman ~ ~ moved that the ordi-
nance be placed on its first reading; seconded by Alder~~n
~ . ~~ ' and carried by the following vote:
AYES: Aldermen Geo. W. Brick, A. C. Workman, J. ~. Hunt, and
Chas. Norris. ~.e..~
HAYS: Ifone.
Carried; placed on first_reading.
Alderman ~()~ ~~ moved that the ordinance
be passed i'1rst reading; seconded by Alderman ~ 74re~
and carried by the follouing vote:
AYES: Alder=:ten Geo. VI. Brick, A. C. "forman, J. rr. Hunt, and
Che.s. l':orris. ~ . e. ~trl...,
,~..
e
.
--
~,..
\'<\. e
l'TAYS: None.
Carried; ordinance 'passed first reading.
Alderman ~~ ~~oved that the rules be sus-
pended and tnat the ordinance be placed on second reading;
seconded by Alderman ~ ~ and carried by the follow-
ing vote:
AYES: Aldermen Geo. W. Brick, A. C. Workman, J. W. Hunt,
and Chas. Norris, ~. ~I~~,
l!AYS: None.
pass
Car~ied; ordinance placed on second reading.
Aldorman ~J JI: (~J moved that the ordinance
seoond reading; seoonded by P..ldermanL ~ ; and
.
, pass
; and carried by the following vote:
AYES: Aldermen 'Geo. W. Briok, A. C. Workman, J. W. Hunt, and
e ., Chas. Norris. ~,C-'~r'
NAYS: lil'one.
:'0". ;
.~
e,',
\
\
..
Mayor Frank U. Reynolds then declared the ordinance
finally passed.
ft:' /'
'~~~'_-4
. .~----
The ordinance follows:
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF LA PORTE, AUTHORIZING THE ISSUANCE OF BONDS
FOR THE PRINCIPAL suro OF THIRTY THOUSAND DOL-
LARS FOR THE-PURPOSE OF CONSTRUCTION OF
l,'iATERWORKS FOR THE CITY OF LA fORTE VIITHIN
ITS LIMITS, AND PROVIDING FOR THE LEVY,
ASbES8hnmQT Al~ COLLECTION OF A TAX ON ALL
T~{~BLE PROrERTY WITHIN THE LIMITS OF SAID
CI~~ TO PAY THE INTER~ST AND CR~TE A SINKING
FU!IT> FOR THE REDEMPTIOl~ THEREOF AND PRESCRIB-
ING THE FORM OF BOND AND DECLARING AN EMERGENCY.
--
e
'.
V~EREAS, at an election held in the City of La Porte,
Texas, on the 7th day of November, 1925, a majority of the
qualified voters who are property tax payers in the City of
La. Porte, Texus, voting at said election, sustained the propo-
sition to issue the bonds hereinafter described for the prin-
cipal sum of fj30,OOO.00 by a vote of LI 0 affirmative votes to
/~ negative votes, and no mutilated ballots, making a
majority in favor of issuing said bonds and levying said tax.
THEREFORE, BE IT ORDAIHED by the City Council of
the City of La Porte, Texas:
/----,
. "
Section 1.
.
That the bonds of said City to be called "CITY OF
LA PORTE Y!ATERWORKS BONDS" be issued under and by virtue of the
Constitution and laws of the State of Texas, includinB Chapter 9,
of the General Laws enacted by the Thirty-seventh Legislature at
its regular session in 1921 and Chapters land 7, Title 22,
Revised statutes of 1925.
Section 2.
That said bonds shall be numbered consecutively from
1 to 30 inclusive, shall be of the denomination of $1,000.00
,each, aggregating $30,000.00.
Section 3.
--
~1at they shall be dated November lO, 1925, and
shall become due and payable serially in their numerical order
as follows:
NUIi'lBER MATURITY AMOUNT
1 April lO, 1928r $l,OOO.OO
2 1\pril 10, 1930' 1,000.00
3 April 10, 1932 l,OOO.OO
4 April 10, 1934 1,000.00
5 April lO, 1936 l,OOO.CO
6 A,pril.,J.,O, .,l938 1,000.00
7 April 10, 1940 l,OOO.OO
8 April 10, 1942 1,000.00
9 April 10, 1944 l,OOO.OO
10 April 10, 1945 1,000.00
II April 10, 1946 ,1,000.00
,~, l2 April lO, 1947 1,000.00
- l3 April 10, 1948 l,OOO.OO
l4 April lO, 1949 l,OOO.OO
l5 April 10, 1950 l,OOO.OO
, April 10, 1951 l,OOO.OO
\ l6
\ l7 April 10, 1952 1,000.00
18 Apr il lO, 1953 l,OOO.OO
19 April 10, 1954 1,000.00
20 April lO, 1955 l,OOO.OO
.
It
"
Cont.
~' ---....... l:jlnIBER
e 21
22
23
24
25
26
27
28
29
30
e
MP. TURI TY AMOUNT
Apr il 10" 1956 ~$l, 000.00
April 10, .l957 1,000.00
AP1" 11 10" 1958 l,OOO.OO
April lO, 1959 1,000.00
April 10, 1960 l"OOO.OO
,April lO" 'l961 l,OOO.OO
April 10, 1962 l,OOO.OO
April 10" 1963 1,,000.00
April 10, 1964 l"OOO.OO
April lO" 1965 1",000.00
Section 4.
The..t they shall bee:' interest at the rate of 6% per
annum, payable April 10, 1927, and semi-annually thereaftor on
October 10ti"l and April lOth each year.
Section 5.
.
That the principal and interest of said series of
bonds shall be payable on presentation and surrender of bond
or proper coupon at the Hanover National Bank of New York, N.Y.
Section 6.
That each of said bonds shall be signed by the ~ayor,
countersigned by the City Secretary and registered by the City
Treasurer, and the corporate seal of the City of La Porte,
Texas, shall be impressed upon each of them.
Section 7.
That the fac-simile signatures of the Mayor and the
~ City Secretary may be lithographed or printed on the coupons
attached to sai,d bonds and shall have the sam,e effect as if
they had been signed by them.
Section 8.
That the form of said bonds shall be substantially
as folloW's:
Ho.
(
'nil, 000 .00
UNITED STATES OFAVffi[~ICA
STATE OF TEXAS
,/-~,
.
COU~TTY OF :r:ARHIS
CITY OF LA PORTE ~[ATERVjORKS BOND
Klf01h :-tLL MEN BY T:-1ESE PRESEKTS: TH..q, T the City of
La Porte in tho County of HarriS, State of Texas, a municipal
corporation, duly incorporated under the laws of the state of
;
e
It
,"~
e'
Texas, for value received, hereby promises to pay to the bearer
hereof on the 10th day of April, 1928, the sum of
ONE THOUSAND DOLLARS
in lawful money'of' the United States of America, with interest
thereon from the date hereof, at the rate of 6% per annU41,
interest payable April lO, 1927, and semi-annually thereafter
on the lOth day of October and the lOth day of April, each
year, principal and interest payable upon presentation and sur-
rehder of bond or proper coupon at the Hanover National Bank
of New York, N. Y., and the City of La Porte, Texas, is hereby
held and firmly bound and its faith and credit and all real
~ and personal property in said City ~re hereby pledged for the
prompt payment of the prinCipal of this bond and the interest
'I:;hereon at mat'\.i.I'ity.
~
This bond is one of a series of thirty bonds numbered
consecutively from 1 to 30 inclusive, of the denomination of
Ul,OOO.OO each, aggregating ~30,000.OO, issued for the pUl~pose
of eonstruction of waterworks for the City of La Porte, Texas,
within its limits as authorized by the Constitution and laws
of the state or.' ~~xes, inoluding Ch~pter 9, of the Gener'al Laws
enacted by the T~irty-oeventh Legislature at its regular ses-
sion in 1921, and Chapters 1 and 7, Title 22, Revised Statutes
of 1925; and in pursuance of an ordinance passed by the City
Council of the City of La Porte, Texas, on the 17~ay of
ftrt }...
, 1925, which ordinance is of record in 'the
r,Iinutes of said City.
The date of this bond, in conformity with the ordi-
nance above mentioned, is November lO, 1925.
It is hereby certified and recited that the issuance
'.... , ~
----- -.....
.'...,\
of this bond, and the series of bonds of which this is one, is
duly authorized by law and by a vote of tho qualified property
tax paying 'voters of the City of La Porte, Texas, voting at
an election held for that purpose within said City on the
7th day ~f November, 1925; and that all acts, conditions and
tcings required to be done precedent to and in the issuance
of this serieu of bonds and of this bond, have been properly
.'
.~'\
,e
.
-
,~
e'
e
e
done and. perfo:r.m.ed and have happened in regular and due time,
fo~m and manner as required by law; that sufficient and proper
provision for the le~J and collection of taxes has been made,
which, when collected, shall be appropriated exclusively to
the payment of this bond and of the series of which it is a
part, to the payment of the interest coupons hereto annexed
as the same shall become due; and that the total indebtedness
of the said City of La Porte, including the entire series of
bonds of which this is one, does not exceed any constitutional
or statutory limitation.
IN \','ITN3SS \7HEREOF', the City of, La Porte, 'by its
City Council, has caused its corporate seal to be affixed
hereto and this bond to be signed by its Mayor, countersigned
by its City Secretary, and registered by its City Treasurer,
and t!re interest coupons hereto attached to be executed by the
lithographed fac-s~mile signatures of the Mayor and the City
Secretary, as of the 10th day of November, 1925. '
~te. Texae.
counte~~ed:
~~.ecr~
Registe~ed1f:n. _
City Treas.urer.
Section 9.
The form of coupon shall be substantially as follows:
Ho.
$30.00
Ol~ THE lOth day of -".'!J t--. laS!r,
...., ...-~~
The City of La Porte, Texas, will pay to bearer at the Eanover
National Bank of New York, N. Y., the sum of
THIRTY DOLLll.RS
in lawful mo~ey of the United States of America, being six
months' interest on the City of La Porte Waterworks Bond
Ho. ., 'dated lTovember lOth, 1925.
rvv,,'I,..Qd, (Ueyor
Ci t:., Secretary.
.
~
e
\ '\q -
-.....
Section 10.
e
The following certificate shall be printed on the
back of each bond:
OFFICE OF COMPTROLLER 0
o
STATE OF TF~S 0
I hereby certify that there is on file and of record
in my office a certificate of the Attorney General of the State
of Texas to the effect that tbis bond has been examined by him
as required by law and that he finds that it has been issued
i~ conformity with the Constitution and laws of the State of
Texas, and that it is a valid and binding obligation upon the
~ Oity of La Porte, Texas, and said bond has this dBlf been regis-
tered by me.
WIT}~SS my hand and seal of office at Austin, Texas,
this _ day of
, A. D. 1925.
Oomptrol1er of Public Accounts
of the State of Texas.
~'...;..
.~ _.
, '.
,
Section 11.
It is further ordained by the City Council of the
City of La Porte, Texas, t~at to pay the interest on said
e bonds and create a sinking fund to discharge them as they
,mature, a tax of~(J- cents on each one hundred dollars'
:/--"""""
,e"
valuation of all taxable property in said City of La Porte,
Texas, shall be annually levied on said property and annually
assessed and oollected until said bonds and interest thereon
are paid, and said t8;x of :lo--eents on each one hundred
dollars' valuation of all taxable property in said City,
is here now lovied for the current 'year ,1921, and. for oach
succeeding year wlllle sai~ bonds or any of them are outstand-
ing; and the same shall be assessed and collected for the
current year and annually thereafter, or so much thereof as
may be necessary for said purpose, and applied to the purpose
named.
.
,,,' .'
/...
',\.
r;
,,-
" ......\
e
Section 12.
It is further ordained that the Mayor of said City,
Frank W. Reynolds, shall be authorized to take and have charge
of all necessary records pending investigation by the Attorney
General and registration by the Comptroller of Public Accounts.
Section 13.
The fact that the City of La Porte, Texas, is badly in
n~ed of the construct~on of waterworks within its limits, which
construction is necessary and will be to the best incerest a~d
general welfare of said City, creates an emergency and an im-
perative public necessity that the rule requiring ordinances to
~ be read on three separate days before final passage, be sus-
pended, and such rule, is hereby suspended, and it is ox>dained
that this ordinance shall take' effect and be in force imI:lediate-
ly upon its passage and approval.
PASSED AI~D APPROVED this 17ft- day of ~ ,
A. D. 1925.
~~~, Texas.
'"
..}~
exas.
..-
"--,
~
a'
mn