Loading...
HomeMy WebLinkAboutO-1929-230 . e bOND.. ORDINANCE it' ")... 3 0 THF' STATE OF T!1:XAS ) COUNTY OF HA~PIS ) C J:TY OF LA DO'!:=~T:;.: ) On th is J:.j - .,__ day CJuncil of the City of Laforte, Te~~s, was convened in L.~fda1::::..__session at the City Hall in naid 8ity with the fJllowing named membera present, viz: Of~~/'Y' __1929, the City Frank W. Re~rnolds, ". Fred Ruff ;,~ 'PORi Dcl.r.:a~ t F. C. Dorgan X L. SQudL 1 H. T. Wall, E. p. Sullivan, Mayor Aldermen 8i ty SecretEl,ry when the following proceedings amcng others were had, to-wit: Alderman _ft~ ;)ffel'-;,d for considere.t":"Jn ef~ ordinance entitled: II AN ORDINP.NCB OF TH:T G TTY COUNCIL C'F T:-!"':E CITY CF J.,APORTZ, TEXAS, AU~HC'F IZ:NG THE ISSUA~CE CF $25,000 REFUlJDINO BONDS; PRESC~IBING '!'y.::r fC?M OF SUC~ BONDS; Pi:iOVID:NG F0R THE V~VY A~D Asc,[,!=)SfI.ZNT AND C')LLECTION OF T J\XE:G C'N Al.L Tt.JE 7 AXABI3 oBO""'EP..1'Y WITfIIN T~f~ i.IMITS CF ';.\ID CITY TO ?AY THE INTEREST ON SAID BONDS Al-JD CREATE A SINKING FUlTD WITH WHI:n TO PAY THE PRINCIPAL AS IT MATURES; AND DECLARING A...l\J EMERG E!'JCY . II The ordin~n..;e was read in ful1' and it W!3.8 moved by A:Ld'3rman Yf~ and seco mod by Alderman .E..f!J. rf~ that. the ordinance pass first reading, which motion was unanimo'usly cnrried, Aldermen Rl.lff, :BcWalt, Dorgan, ';fl.~~ and Wall voting A~~E, and no 0ne voting NO. It was moved by Alderman ~tLd and seconded by Alderman P~Vf..A/C-- that the rule requil"ing ordine.ncr::s to be: pasged at thrE:i:': soparate m~etings of the City Council be su'?\- pE:ndad, and that the ::lrd1.L!lnce be ~laced on its seC'Jnd and final readings, which motion was unanimously carried, Aldermen Ruff, De'l/al t, DOl'gan, Sa~ and We,ll vot ing AYE, and no one VClt tng NO. The ordinance was read a second tim..: and it was mov6d by Alderman --'d!..W _and seconded by Alderman JJCr>;f~ . e , that it pass its ascond reading, which motion was unanimous~y cllrried, Aldnrman -BJ:!.l.L.__,&cWa't, Dorgan, Sandel and Wall voting AYE and no one voting NO. The ordinahc~ was read a third time and it was moved by Alderman :::1f/il~ ' and seconded by Alderman Lo/-~____ that it pass its third and final reading, which motion was unanimously carried, Aldermen Ruff, Dc.,'Valt, Dorgan, Safl~ and We.ll voting AYE and no one voting NO. ~.' ....... Thereupon, the Mayor declared the ordinance finally '9ass~" The ordinance follows: "AN ORDINANCE QF THE CITY COUNCIL OF THEqCITY OF LAPORTE, TEXAS, AUTHORIZING THt' ISSUANCE OF $25,000 REFUNDING BONDS; PRESCRIBING TH~ FORM OF SUCH BONDS, PROVID!NG, FOR rHj~ LEVY AND ASSESSMENT AND COLLECTION OF TAXES ON ALL THE TAXABLE PROPERTY WITHIN THE LIMITS OF SAID CITY TO PAY THE INTEREST ON SAID BONDS AND CREATE,A SINKING FUND WITH WHICH TO PAY THE PRINCIoAL ~$ IT MATURES; AND DEGLARING- AN EMERGENCY." It appearing affirmatively that at an election held on the 30th day of April, 1929, in the City of LaPorte, Texas, a majority of the qualified property tax paying voters of the City of LaPorte voting at said election sustained the proposition aU;:'horizing the City Council of the City of LaPorte to issue $2!5,OOO City of LaPorte Refunding Bonds, as hereinafter more fully describedj And it further appearing affirmatively to the City Council thut said election was regularly ordered and that notice thereof v waB regularly given for the time and in tHe manner provided by law and that said election was regularly held an~ that only property tax paying voters voted at said election, and that returns thereof were Vregularly made to this Council and that said returns have been regularly canvassed and the result of such election regularly de- clared, in all respects as provided by law, and that it has been fou,nd and declared that the proposition authorizing the issuance of .. such bonds has been sustained by a majority vote of the property tax paying voters voting thereon, and that therefore this Council is authorized to issue such bonds and to levy a tax in payment thereof t ~ 1 I I ~1 '~ ~ ., .~~ ~ .' 'I ~~ .r :: .i '. tl .,j I j'l e e and cause the same to be assessed and collected. Therefore, be it ordain~d by the City Council of the City of LaPorte, Texas, as follows: SECTION I That the bonds of said City, to be called "CITY OF LAPORTE FlElfUNDING BONDS" be issued for the ~)urpose of refund:l.ng the following described $25,000 warrant indebtedness, coneisti~g of valid and legally binding obligations against said City of 1.aporte in th':! amount of $25,000, evidenc!~d by r"egul arly t ssucd warrants, mere particularly described as follows, to-wit: $25,000 CITY OF LAPORTF. FUNDING WARRANTS dated March 10, 1929, bearing interest at the rate of 6( per annum. Said bond::! shall be numbered from 1 to 25 inclusive, shall be in the denomination of $1000 each, aggregating $25,000. They shall be dated the lOth day of December, 1929, and shall become due and payable serially in their numerical order as follows: NO-_ DATE OF__MATURITY AMOUNT 1 Aori1 10, 1931 $1,000 ... 2 April 10, 1933 1,000 3 April 10, 1935 1,000 4 Ap r i 1 10, 1937 1,000 5 Ap r i 1 10, 1939 1,000 6 April 10, 1941 1,000 7 Apri.1 10, 1943 1,000 8 Ap r 11 10, 1945 1,000 9 April 10, 1947 1,000 10 April 10, 1949 1,000 11 Ap r i 1 10, 1951 1,000 1" Ap r i 1 10, 1953 1,000 .... 1:3 April 10, 1955 1,000 1.~ Apri 1 10, 1957. 1,000 11- Apr i 1 10, lO5Q' 1,000 .) 1960"4:- H) April 10, 1 ,000 17 April 10, 1961 1,000 'lB Ap r i 1 10, 1962 1,000 19 April 10, 1963 1,000 20 Ap r 11 10, 1964 1,000 21 Ap r i 1 10, 19.6 5 1 ,000 2~~ April 10, 1966. 1,000 2~~ Ap r i 1 10, 1967. 1,000 24 At? r i 1 10, 1968. 1,000 .2!5 Ap t i 1 10, 1969. 1,000 They shall bear interest at the rate of 610 'per annum, pSLyable April 10, 1930, and semi-annually thereafter on October 10 and April 10 each year~ . e Both principal and interest of said bonds shall be pay- ab Ie in lawful money of the Un it ed State s of Amel~ i ca upon. presentation and surnmd'2r of bond or' propar coupon at the Central Hanover Bank and Trust Company of New York, N. y. Each of said bonds shall be signed by th~ Mayor, counter- signed by the City secretary, and registered by the City Treasurer, and the corporate seal of t~<:: City of LaPorte shall be impressed upon each of them. The fac-simj,le signatures of th'3 Mayor and Ci ty Secretary may be Ii thographed or printed on the coupons attached to said bonds and shall have the same effect as if they had been signed by them. Said bonds shall be in form a'nd shall contain recitals substantially as follows: No. $1,000.00 UNITED STATFS OF M1ERICA ST ATE OF T~XAS CITY OF LAPORTE CITY OF LAPORTE REFUNDING BOND KNOW ALL MEN BY THESE PRESENTS: That the City of LaPorte, a municipal corporation, duly incorporated under the laws of the state of Texas, for value received, acknowledges itself in- debted and hereby promises to pay to bearer on the lOth day of April, IB the sum of --- ONE THOUSAND DOLLARS in lawful money of the Unitl3d states of Ameri.ca, with int~::rest thereon from date hereof at th~ rate of 610 per annum, interest 'payabll3 April 10, 1930,' and semi-annually thereafter- on Octobpr 10 and April 10 each year; principal and interest payable upon presentation and surrender of bond Qr proper coupon at the Central Hanover Bank and Trust Company of New York, N. y., and the City of LaPorte is hereby helm and firmly bound and its faith and credit and all real and personal property in said city is hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. , . . This bond is one of a seriss of twenty-five bonds, numbered consec~tively from 1 to 25 inclusive, in the denomina- tion of $1000 each, aggregating $25,000, issued for the purpose Jf refunding an equal amount of existing indebtedness of thp Gity of LaPorte, evidenc8d by warrants of said city, by cancel- ling the evidences thereof and issuing such r;:'lfunding bonds to the holders thereof, as authoriZed by the Constitution and Laws oJf the State of Texas, including Chapters 1 and 7, Ti tIe 22, Revised Civil Statutes of 1925, and in pursuance of an ordinance passed by the City Council of the City of LaPorte, which ()rdinance is of rl3cord in the Minutes of said Counc il. The date of thi s bond, in co nformi ty wi t:h the ordinance libove mentioned, is December 10, 1929. It is hereby certified and recited that the issuance of this bond and the series of which it is one is duly authorized by law and by a vote of the qualified property tax paying voters of the city of LaPortE' voting at an election held for t.hat purpose on the 30th day of April, 1929; and that all acts, c:onditions and things f''?qutred. to be done precedent to and in the issuanre of this aeries of bonds, and of this bond, havR been properly done and p>;rforrned and have happened in regular and due timG, form and manner as requ~red by law; thatsufficient and proper provision for the levy and collection of taxes has been made which when collected shall be appropriated exclusively t.o the paym-:nt of this bond and of -l:.he series of which it is a paI~t and to the paymE'-'nt of the interest coupons .hereto annexed 8.S the sacre shall become due; and that the total ind'?btedness of the City of LaPorte, including the entire series of bonds of which this is one, does not exceed any constitutior.al or statutory limttation. In witne3S whereof the City of LaPorte, by its City Council, has caused its corporate sea}. to be affixed hereto and this bond to be signed by its Mayor, countersigned by its City . e Secretary, and registered by its City Treasurer, and the interest coupons hereto attached to be executed by the fac-simile signa- tures of the Mayor and the City Secretary, as of the lOth day of December, A. D. 1929. Mayor, City-of La?orte, Texas. C:OUNTERSIGNED: Ci ty Secretary--'- IlEGISTERED: --.---.C i ty.'Trea'-suret-'-'--- The form of coupons attached to such bonds shall be substantially as follows: Noo__ $30.00 On the 10th day of 19 the City of LaPorte, Texas, will pay to bearer at the Central Hanover Bank and Trust Company of New York, N. Y" the sum of THIRTY DOLLARS in lawful money of the United States of America, being six months' inter~st due that date on the City of LaForte Refunding Bond, dated December 10, 1929, No. .-----------.-- Mayor ----.- City Secre.tary ~ ,a .. The following cert1ficat~ shall be printed on the back of each of said bonds: OFFICE OF COMPTROLLER ) STATE OF TEXAS ) I hereby certify that there is on file and of record in e e my office a certificate of the Attorney General of the state of TI~xas to the effect that this bond has been examined by him as rl~quired by law and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon the City of L ELPorte, Texas, and said b:md has th is day been reg i ster ed by me. WITNESS my hand and seal of offic3 at Austin, Texas, this _____day of A. D. 1929.' - --Comptroller of pubII~counts of--- the State of Texas. SECTION 2 IT IS FURTH~R ORDAINED by ths City Council of the City of LaPorte, Texas, that to pay interest on said bonds and to create: a sinking fund suffici~nt to pay the principal as it matures, there shall be and it is hereby ordained that there be levied, assessed and collected in due time, form and manner and at the sa:ne time other city taxes for said City are levied, assessed and collected i.n each. year, a tax u.t..lon all the taxable property in said City of LaPorte sufficient to pay the current interest on said bonds and to pay the principal thereof as the same matures; and to pay ,the interest on said bonds and each year's pro rata of the principal thereof, there is hereby levied a tax of t wl~nty- five cents on each one hundred dollars value.tion of taxable said Ci~ fjlliaid Refunding Bonds, for the year 1930, succeeding~r while said bonds or any of them are and 'the sam'e shal'be ass'essed and collected., or so property in and for each outstanding, mueh thereof as may be necessary for said purpose, and applied to the purpose n~med. The taxes heretofore levied for the pay- ment of the warrants being refunded by this ordinance are hereby ratified, brought forward and appropriated by this ordinance for the payment of interest and provision for sinking funds of the respective refunding bonds taking the place of said warrants. e, . It is further ordained that the Mayor of the Oity of rIa Porte be and he is hereby authorized to take and have chaI'ge of all necessary records pending their investigation by the Attorney General and shall take and have charge and control of the bonds hereby authorized pending their approval by the Attorney General and registration by the Oomptroller of Publio Aocounts; and is also authorized to exchange the here- inbefore described refunding bonds for the cancellation of the warrants being refunded thereby, which exchange may be made all at one time or in parcels or installments. It is further ordained that this ordinance take effect and be in force from and after its passage. ) PASSED AND APPROVED this '2-J'-:- day of rf1~Ut/W , 1929. ~~~ ayor, y 0 Porte, Texas. ATTEBT: ..-: ~~ hL/~/AA~ ~Lty Secretary '\ ./ 'I....... ! ... ( SEAIJ) / ------ ~. '. e e -".-~ - '-'. - ~-" -- , ill .. ~ND ORD!NANC]; :~:.. ~;~,j; CJ TH? STA!E OFT~XAS ) CO~TTY OF HA~F:S ) ; CITY OF LA PO~T~ ) Of~~ On this lc-J~ ,.__day Council of the City of LaPorte, Texas, was j-~~", 1929, th? Ci ty conve:J.cd in session at the City Hall in ~aid 8ity with the following nallled members present, viz: Frank W. Reynolds, .". Fred Ru.ff \' 'POIB DeWe.-it .,'" . F- C. Dorgan · XL. . SQ.ud~ 1 H. T. Wall, E. P. Sullivan, Mayor Aldermen City secretary when the following proceedings amcng others were had, to-wit: Alderman f;td{. ;)ffel'~.d for c')nsidere.t..:.:m ar ordinanc~ 3ntitled: "ANORD:!:NANCE OF TH~ CITY COUNCIL OF TH3 CITY OF L~~ORTZ, TEXAS, AUTH0?IZ:NO THE ISSUANCE CF $25,000 REFUNDING BeNDS; FRESC3IBING T~E rC?M OF SUC~ BC~1DS; P:ROVID:::NG F0R THE LSVY AVD A3~'Sse~EN: AND ;COLt,ECTION OF T AX3.:S O~: ALL T:!1E L' AXABL: PRO""EP'T'Y VVIT1-nN 1'~..rz LIMITS CF (' I\ID CITY rOPAY THE INTEREST ON SAID BONDS A;.'JD CREAT~ A SINKING rum:> WITH Vm::!i TO PAY THE PRINCIPAL AS IT MATURESj AND DECLARnrG AN EMERQ: E!'lCY . " The ordinance flas read in full and it wae moved by Alde,rman 11" ~and seco med by Alderman Fe, rq.~ , th~t the ordinance pa~s first reading, which motion was unanimously carried, AldermenR~ffJ Bc~~l~, Dorgan, ~~ and Wall voting AYE, and 'Q~ one vot1n~ NO- It w.as:' ~oved by Alderm3.r. ~itA and se,conded by i ,.;, I'. 'AldermeIJl.'r--~~!.' ,itllat the r-.J.ls requiri:lg ordinenc~s t::l be passeq; ~,tithree separate meetings of the Ci ty Ccunci 1 be sU!?o- , '. :: . .' pemds;d, ,an~;.l:j~at the ordin"r"c6 be ,:tllaced Q,n i ts sec~nd and fj,nal ';:i.J. " : . , , . . . ,... . .. . , read:ings~!.h~ch motion was unapimo-u,s;1y:carrie1, Aldermen Ruff t Bc~~:~~j. D01"gan, SanElc l' and Wl!illvot ing 'AYE, and no one voting NO'~ The ordtpance was read a second tim: and it was moved by Aldermar. '--E!~ and seconded by Alderman ZS-fTY'fu....-0.. 1- e . ,/- 4f} , that it pass its s8c,ond reading, which motion was unanimous~y carried, Ald~rman -Buff, DoWalt, Dorga~, SaRaol and Wall voting AYE and no one voting NO. The ordinanc~ was read a third time and it was moved by Alderman -1d/t:{~. . and ssconded by Alderman . ~7~-- that it ~ass its third and final reading, which motion was unamimouslycarried, Aldermen Ruff, DeWalt, Dorgan, Sanae} and Wall voting AYE and no one voting NO. Thereupon, the Mayor declared the ordinance finally paasti:::-- The ordinance follows: . "AN ORDINANCE OF THE CITY COUNCIL OF THEqCITY OF LAPORTE, TEXAS~ AUTHORIZING TH~ ISSUANCE OF $25,000 REFUNDING BON'DS;PRESCRIBING THT~ FORM OF SUCH BONDS, PROVID!NG FOR THE LEVY AND ASSESSMENT AND COLLECTION OF TAXES ON ALL THE TAXABLE PROPERTY WITHIN THE LIMITS 'OF SAID CITY TO PAY THE INTEREST ON SAID BONDS AND CREATE. A SINKING FUND WITH WHICH TO PAY THE PRINCInAL :Am IT MATURFSj AND DECLARING AN EMERGENCY." It appearing affirmatively that at an ele.tion held on the 30th day of April, 1929, in the City'of LaPorte, Texas, a majority of the qualified property tax paying voters of the City of LaPorte v9ting at sa.id election sustained the proposition authorizing the Oity Council of the City of LaPorte to issue $25,000 City of LaPorte Refunding Bonds, as hereinafter more .I~ ..----....... ~ fully described; ...._~.. And it further appearing affirmatively to the City Council that said election was regularly ordered and that notice thereof V" was regularlf given for the time and in tHe manner provided by law and that satd election was regularly held ani.. that only property tax paying voters voted at said ~lection, and that returns thereof were Vregularly mad'e to this' Council and that said returns have been ',. regularly: catlvassed an~ the re'sult of such election regularly de- clared, tri,al1 respects as provided br law, and that it has been found and~ d:eqla.red that the proposition authorizing the issuance .f , /--, ... e such bondsh.s been sustained by a majority vete of the property tax paying voters voting thereon, and that therefore this Council 1:3 authorized to issue such bonds and to levy a tax in payment thereof .. '-. ........ .... . . e and cause the same to be assessed and collected. Therefore, be it ordained by th~ City Council of the City of LaPorte, Texas, as follows: SECTION I That the bonds of said City, to be called "CITY OF LAPORTE REFUNDDJG BONDS" be issued for the Durpose of refunding the following described $25,000 warrant indebtedness, consisting of valid and legally binding obligations against said City of LaPorte in the amount of $25,000, evidenced by regularly issued warrants, more particularly described a~ follows, to-wit: become due and payable serially in their numerical order as follows: li9..:- 1 2 :3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 .25 DATE OF MATURITY AMOUNT April 10, 1931 April 10, 1933 Apri 1 10, 1935 April 10, 1937 Anril 10, 1939 April 10, 1941 April 10, 1943 April 10, 1945 April 10, 1947 April 10, 1949 April 10, 1951 April 10, 1953 April 10, 1955 A:::>ri1 10, 1957, April 10, 1959,"L. ._ April 10, 1960~-- Apri 1 10, 1961 April 10, 1962 Apri 1 10, 1963 April 10, 1964 A,pri 1 10,. 19.65 April 10, 1966. Ap r i 1 10, 1967 . Ai'r i 1 10, 19 68. April I?, 1969.. $1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1 ,000 1,000 1,000 1 ,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,.000 They shall bear interest at the rate of 610 per annum, . payable ~p~ril' 10, 1930, and semi",,:annually thereafter on October 10 and April 10 each year. . e e Both principal and interest of said bonds shall bA pay- able in lawful money of the United States of America upon presentation and surrender of bond or proper coupon at the Central Hanover Bank and Trust Company of New York, N. y. Each of said bonds shall be signed by the Mayor, counter- signed by the City Secretary, and registered by the cit1 Treasurer, and the corporate seal of t~e City of La?orte shall be impressed upon each of them. The fac-simile signatures of the Mayor and City Secretary may be lithographed or printed on the coupons attached to said bonds and shall have the same e effect as if they had been signed by them. Said bonds shall be 1n form and shall contain recitals substantially as follows: $1,000.00 No. UNITED STATFS OF AMERICA STATE OF T":i'XAS CITY OF LAPORTE CITY OF LAFORTE REFUNDING BOND ro~ow ALL M3N BY THiSE ?RFSENTS: That the City of La?orte, a municipal corporation, duly incorporated under the laws of the state of Texas, for value received, acknowledges itself in- ~ debted and hereby promises to pay to bearer on the 10th day of April, 19 . the sum cf -- ONB: THOUSAND DOLLARS in lawful money of the Unit~d states of America, with interest thereon from date hereof at th~ rate of 6~ per annum, interest payab1~ April 10, 1930.. and semi-annually thereafter on Octob~r - 10 and April 10 each year; principal and interest payable upon pressntation and surrender of bond or proper coupon at ths Central Hanover Bank and Trust Company of New Yerk, N. y.., and the City of Laporte is hereby hela and firmly bound and its faith and credit and all real and personal property in said city . is ~ereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. e e - - . e . , This bond is one of a series of twenty-five bonds, numbered consecutively from 1 to 25 ino1usive, in the denomina- tion of $1000 each, aggregating $25,000, issued for the ourpose of refunding an equal amount of existing indebtedness of the City of LaPorte, evidenced by warrants of said city, by cancel- ling thp. evidences thereof and issuing such rafunding bonds to the holders thereof, as authorized by the Constitution and Laws of the State .of Texas, inoluding Chapt ers 1 and 7, Title 22, Revised C~vil Statutes of 1925, and in pursuance of an ordinance passed by the City Council of the City of LaPorte, which ordinance is of record in the Minutes of said Council. The date of this bond, in codormity with the ordinance above mentioned, is December 10, 1929. It is hereby certified and recited that the issuance of this bond and the series of which it is one is duly authorized by law and by a vote of the qualified pr0gerty tax paying voters of the City of LaPorte voting at an election held for that purpose on the 30th day of A~rl1, 1929; and that all acts, conditions and things required to be done Drecedent to and in the issuan~ of this aeries of bonds, and of this bond, have been properly done and performed and have happened in regular and due time, form and manner as required by law; thatsufficient and proper provision for the levy and collection of taxes has been made which when collected shall be appropriated exclusively to the payme~t of this bond and of the series of which it is a part and to the paymznt of the intorest coupons hereto annexed as the saQe shall become due; and that the total indebtedness of the City of ~aPorte, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory 11~itation. In witness whereof the City of LaPorte, by its City Council, has caused its corporate eea~_ to be affixed hereto and this bond to be signed by its Mayor, countersigned by its City . e ) e Secratary, and registered by its City Treasurer, and the interest coupons hereto attached to be executed by the fac-simi1e signa- tures of the Mayor and the City Secretary, as of the lOth day of December, A. D. 1929. Mayor, City of La?orte, Texas. COUNTERSIGNED: Ci ty Secretary REG-ISTFRED: City Treasurer e The form of coupons attached to such bonds shall be substantially as follows: No. $30.00 On the lath day of 19 the City of La~orte, Texas, will pay to bearer at tho Central Hanover Bank and Trust Company of New York, N. Y., the sum of THIRTY DOLLA..'qS in lawful money of the United states of America, being six - months' interest due that date on the City of LaPorte Refunding Bond, dated December 10, 1929, No. . Mayor---- City Secrtitary <~c . ., ., .'. .. The following certificate shall be printed on th? back of each of said bonds: OFF!CE OF COMPTROLLER ) __ STATE OF TEXAS ) I hereby certify that there is on file and of record in . e e , e my office a certificate of the Attorney General of the state of Texas to the 2ffect that this bond has been examined by him as required by law and that he finds that it has been issued in conformity with the Constitution and lawe of the state of Texas, and that it is a valid and binding obligat~on u?on the City of LaPorte, Texas, and said bond has this day been ragistered by me. WITN~SS my hand and seal of offica at Austin, Texas, thts day of A. D. 19~ - Comptroller of Public Accounts of the State of Texas. SECTION 2 IT IS FURTH?R ORDAINED by ths City Council of the C:ty of LaPorte, Texas, that to pay interest on said bonds and to create a sinking fund sufficient to pay the principal as it matures, there shall be and it is hereby ordained that there be levied, assessed and collected in due time, form and manner and at the same time other city taxes for said City are levied, assessed and collected in each,year, a tax u~on all the taxable ?roperty in said City of LaPorte sufficient to pay the current interest on said bonds and to pay the principal thereof as the same matures; and to pay ,the interest on said bonds and each year's pro rata of the principal thereof, there is hereby levied a tax of twenty-five cents on each one hundred dollars valuation of taxable said Ci~ f~aid Refunding Bonds, for the year 1930, succeeding~r while said bonds or any of them are and the same Shal~be as~~ssed and collected, or so property in and for each outstanding, much thereof as may be necessary for said purpose) and applied to the purpose, ns:med. The taxes heretofore levied for the pay- ment of the warrants being refunded by this ordinance are hereby ~ ratified, brought forward and a~propriated by this ordinance for the payment of interest and provision lor sinking funds of the respective refunding bonds taking the place of said warrants. At. -- - .. .,...... , . " " . It is further ordained that the Mayor of the City of La Porte be and he is hereby authorized to take and have oharge of all neoessary records pending their investigation by the Attorney General and shall take and have charge and oontro1 of the bonds hereby authorized pending their approval by the Attorney General and registration by the Comptroller of Pub1io Aocounts; and is also authorized to exohange the here- inbefore described refunding bonds for the cancellation of the warrants being refunded thereby, whioh exchange may be made all at one time or in parcels or installments. It is further ordained that this ordinanoe take effect end be in foroe from end after ite paeeage. I PASSED AND APPROVED this '2-J- day of ~uteUt/~.:"'/ 1929. ~~~ for, y 0 Porte, Texas. ATTEST: /' ~~-4~A Ity Seoretary " \...: ' ~ '..,. .. (SEAL)