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# 249
ORDI NANCE A UTli onI~I lOlG THE I S~UAHCE
Oli' OI'fY OF LA PORTE
REPUiWInG BONDS
THE STATE OF' 'l'EXAS ()
C OUN'l'Y OF HAliliI S ( )
CITY OF LA P CRTE ( )
On thi s the J.l th day of l'ebruary _, 193.5, the
City Council of the City of La Porte, Texas, convened in
Regular Session at the regular meeting place in the City Hall,
all members being present, to wit:
rr }: Harri son
, 1,.ayor and
"\
f
Geo. Counts
,
G~Q, Sl1!!.rP
C I" Ail. ee
,
L C Lawren9"e
,
and J J Roark , Aldermen and
City Secretary.
I W Rust
"
The .h!ayor submi tted to tlle Council the following
ordinance:
"Al~ ORDI NAIWE '
BY 1'i-IE CITY COUNCIL Oli' TrIE CITY OF LA POOTE, TEXAS,
AUTfIORI~ING TfIE ISSUAHCE OF REF'U1~DING BONDS Il~ 'rHE
AGGREGATE AMOUNT OF,$148,OOO.OO, FOR THE PUrtPOSE OF.
PAYING" OFF, CANCELING, AND Il~ LIEU OF' A LIKE AlY10Ul~T
, OF' THE LEGALLY I S~UED AND OUTSTAl-JDING BONDS OF
SAID' CITY, SAID OUTSTANDING BONDS BFII-jG AS FOLLOVlS:
CITY OF LA PORTE WATERWORKS BO~..nS, DATED lWVEI,d:iER,
10, 1925; . ' . '
CITY OF LA PORTE REFUNDING .BONDS, DATED DECEr..BER 10,
1929 ;
CITX 6F LA PORTE SEWER' BONDS, DATED JANUARY 10, 1930;
CITY OF LA PORTE'uiA'l'ErtWORKS bONDS, DATED JANUARY 10,
1930;
CITY OF LA PCRTE CITY HALL Al-JD FIRE STATION .E.Ol-JDS,
DATED JANUARY 10,1930 AND CITY 'OF LA POi~'l'E STREET
INPROVm~ENT BONDS DATED JANUARY 10, 1930, AND
,PROVIDll~G FOR THE LEVY, ASSESSi\~El~T AHD COLLECTION "
OF A TAX ON THE ;jJ;lOO.OO VALUATION OF' ALL TAXABLE
PROPERTY WITHIN T!-LE LH,lITS OF' WD CITY TO PAY THE
'INTEREST Ol~ SAID BOi~DS AND CREATE A 81 MIT l~G FUhD
};t'OR THE REDEIlPTION THEREO:F', PRESCRIBI l~G THE FORlh O:f'
BOND, AND D~CLARING AN E1.ERGENCy.1l ,
~he ordinance ',....as read in full andl it was unanimously
agreed that an wlergency existed requiri~ bhe passage of said
ordinance op the d~y it is introduced, because of the present
financial condition of the City which requires a readjustment of
its financial affairs in order that it may meet its obligations
prpm~tly.
Thereupon, Alderman
, COlmt s
.
moved that the
'ordinance be declared an emergency measure and finally passed
and adopted on the date of i tsintroduction.
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The said motion was 'duly seconded by Alderman Lawrence
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Iv~ayor [-{ R HarT'; son ancI'A1dermen ALL ,
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CARJ:U ED .
And the ordinance was read the second time and a
motion made'by Alderman
Counts
, and s8conded by
Alderman
Aszee
that the same be finally passed and
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there are outstanding Bonds numbered from
to
, inclusive" aggregating ijji28,,000.00;
(2) City of La Porte Refundil1[: Bonds" dated
December 10" 1929" in the principal sum of w25"000.00,, bearing
interest at the ra te of 67; ~er annuIll" interest payable semi-
annually on October 10th and April 10th of each year and
maturing serially ~~1,000.00 on April 10" 1931 and '1.,1,000.00
on April 10th of each alternate year thereafter up to and
including the 'year 1960 and ~1,000.00 on April 10th of each
year thereafter during the years 1961 to 1969" both inclusive,
of which isssue Bonds ~os. 22 to 25" inclusive, were never
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:Lssued and Bonds Nos. 2 to 21" inclusive, aggregating ~20,000.00"
are outstanding and unpaid;
(3) City Of La Porte ~ewer bonds" dated January 10,
1930,numbered 1 to 70, inclusive" in denomination of fl,OOO.OO
each" aggregating ~70,OOO.00 bearing interest at the rate of
15% per annum" interest payable sem:i.annu:ally on October 10th
and tpril 10th of' each year and maturing serially ~1,,000 .00
I::>n April 10th of each of the years 1932 to 1946" both
:Lnc1usive and $2,000.00 on April 10th of each of the years 1947
to 1960" both inclusive" and ~3,000.00 on April 10th of each
of the years 1961 to 1969" both inclusiye. All of said bonds,
numbered from 1 to 70, inclusive" aggregating ~70,,000.00, are
l)utstanding 'and unpaid.
(4) City of La Porte Waterworks Bonds, dated January
10, 1930, in the princ~pal sum o~ 'iP15, 000.00, bearing inter est
at the rate of 6% per annum, interest payable semi-annually
()n October 10th and April 10th of ea ch year, and ma turing serially
~p1,000.00 on April 10th of each of the years 1934, 1938" 1941"
1944" 1947" 1950, 1953" 1955" 1957" 1959" 1961, 1963, 1965"
1967 and 1969. All of said Waterworks Bonds, numbered from 1
1jo 15, 'inc1usi ve, in the denominati on of ,Ji1,OOO .00 each"
aggregating $15,000.00 are outstanding and unpaid;
(5) City of La Porte City riall and E'ire Station Bonds"
elated January 10" 1930, in the principal sum of ';;;10,,000.00,
bearing interest at th.e rate of 6% per annum" interest payable
l~emi-annual1y on October' 10th and April 10th of each year"
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numbered from 1 to 10, imclusi ve, in the denomination of'
~1,000.00 each, payable serially ~1,000.00 on April 10th of each
of the years 1935, 1940, 1945, 1949, 1953, 1957, 1961, 1964,
1967 and 1969. All of said City riall and .F'ire Station bonds,
in the age'regate amount of .jjilO,OOO .00 are outstanding and unpaid.
(6) Oi ty of La .Porte Street Improvel)1ent Bonds, dated
January 10, 1930, in the principal sum of ~5,OOO.00, bearing in-
terest at the rate of 6% per annum, interest payable semi-annually
on October lOth and April lOth of each-year, numbered from
1 to 5, ,both inclusive, in denomination of ~il.OOO.OO each and
maturing seria~ly ~1,000.00 on April 10th of each of the
years 1941, 1949, 1957, 1963 and 1969. All of "said Street
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impDovement bonds, in the aggregate wnount of ~5,OOO.00, are
outstanding and unpaid.
The aggregate amotmt outstanding and unpaid on all
of said above described issues being oi148,000.00 and the
Ci ty Council of the Ci ty of La .Porte deems it advisable and to
the best interest of said Gity that said above descbibed
outstanding Bonds, in the aDlount of 'lI'148,000.00, be refunded
and that new bonds be issued in lieu thereof.
THERRFOHE, BE IT ORDJU1~ED BY TdE CITY COUNCIL 01" THE
CITY OF LA PeRTE, TF.xAS:
Section 1. That the bends of said City, to be called
It Ci ty of La Porte Refunding bonds", be i Bsued under and by
virtue of the Constitution and Laws of the State of Texas,
including Chapter 163, Acts of the 42nd Legis1atUl'e, 1931,
to the amonnt of One Hundred and Forty-Eight Thollsand
i1.48,OOO.00)Dollars, f'or the purpose of' ref'unding, canceling
. and in lieu City of La Porte Waterworks bonds, dated
November 10, 1925, City of La Porte Refunding Bonds, dated
December 10 ,1929, Ci ty of La Par t e Sewer Bonds, da ted
January 10, 1930, City of La Par t e Water~,orks bonds, dated
:Tanuary 10, 1930, City of La .P or t e Ci ty Hall and Fire Sta ti on
Bond s , dated' January 10, 1930 and Ci ty of La ~ or t e Street
Improvement Bonds dat,ed January 10, 1930.
Section 2. That said bands shall be numbered consecutive-
ly from 1 to 148, inclusi ve; shall be of the denominati on of
One ThDusand ($l,QOO.OO) Dollars each, agg~egating One Hundred
and F'orty-Eight Thousand (~?148,000.00) Dollars.
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Section 3. That said bands shall be dated the lOth
day of October, 1934, and shall become due and payable serially
as follows:
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BOND NUMb"RS (all inclusive)
Ir,A1'UUTY DATES
Alii 0 UNT
1-2 ApriL::W, 1935
~-4 April 10, 1936
5-6-7 April 10, 1937
8-9-10 . April 10, 1938
1'1-12-13 April 10, 1939
14-15-16-17 April 10, 1940
18-19-20-21 April 10, 1941
22-23-24-25 April 10, 1942
26-27-28-29 April 10, 1943
30-31-32-33 April io, 1944
34-35-36-37 April 10, 1945
38-39-40-41 April 10, 1946
42-43-44-45 April 10, 1947
46-47-48-49 April 10, 1948
50-51-52-53 April 10, 1949
54-55-56-57-58 April 10, 1950
59-60-61-62-63 April 10, 1951
64~'5-66-67-68 April 10, 19q2
69-70 71-72-73-74 April 10, 1953
75-76-77-78-79-80 April.lO, 1954
81-82-83-84-85-86.' April 10, 1955
87-88-89-90-91-92 April 10, 1956
9.3-94-95-96-97-98-99 April 10, 1957
100-101-102-103-10~-105-106 April 10, 1958'
107- 108- 109- 110-111-112-113 April 10, 1959
114- 115-116-117-118-119-129-121 April 10, 1960
122-123-124-125-126-127-128-129 April 10, 1961
130-131~"132:~.'133;~d3~;;'135~136-137": Apri.1':.'10 ,:11962: ::
138-139-140-141-142-143-144-145 April 10, 1963
146-147-148 April 19, 1964
,jji2000 .00
2000.00
3000.00
3000.00
3000.00
4000.06
4000.00
4000.00
4000.00
4000.00
4000.00 _
4000.00_
4000.00
4000' . 00
4000.00
5000.00
5000.00
5000.00
6000.00
6060.00
6000.00
6000.00
7000.00
7000.00
7000.00
8000 .00
8000.00
8000.00
8000.00
3000.'00
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T.ne City Council hereby aff~r~ative~y. adjudges tijat t~e
financia,l condition of the City of La, ..t'orte will not perlJli,t .
the payment of said bonds in such installments as wi 11 make
the burden of taxation to support same approximately uniform
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throughout the term of sai~ bond issue unless it shall be
found that the ~aturities above set out do ~ake the burden of
taxation approximately uniform.
Section 4. That said bonds shall bear interest at the rate
of four (4%) per cent per annum from date until first interest
paying date in 1945, and five (5%) per cent pe~ ann~ thereafter
until. 'first interest paying date in 1955 and six (61.,) per cent per annun:
~e!'eafte]~,unti1 paid. Inte~est snaIr be payable semi-annually, first
interest payable on April 10, 1935, and semi-annually thereafter
on the 10th day of October and ~he lOth day of April of each
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year.
Section 5. That the principal 'of and' interest on said bonds'
shall be payable in lawful money o~ the Uni t.ed Stat es of Ameri ca,
upon presentatton and surrender of bond or proper coupon at the
1l1anut'acturers Trust Company, New York, N.Y.
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Section 6. That each of said bonds shall be signed by the
l~layor I countersigned by the (;i ty Secretary and regi stered by the
City Treasurerl and the corporate seal of the City 'of La Porte
shall be l.mpressed :upon each of them.
Secti on 7. That t he facsimile signa tur es of the l\layor and
Ci ty Secretary may be li,~hographed or printed upon the coupons
a.ttached to said bondsl and shall have the Sal.tle effect as if
they had been signed by them.
Section 8. The form of said bonds shall be substantially
as follows:
:No.
ojjilIOOO.OO
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STA'l''E O}i' T'f.XAS
")
UlJI TED STA1'ES 01<' ALERI CA
C OUHTY Oli' HARRI S
CITY ,OF LA POarllE REFUlJDING BOND
. KNOW ALL 11"~N BY TaBSE PH1?~EN'l'S: That the (;i ty of La
Porte, in .the County of rlarris, State of Texas, a munt.cipal
corporation, duly incorporated under the la~s of the 3tate
of Texas, for value received hereby promises to pay to the
bearer hereof on t:le 10th day of April, 19_, the sum of eme
Thousand (~l,oOO.ooD Dollars, in lawful money of the
United States o/America, with interest thereon at the rate of
~ four (4%) per uent per annum ~ro:rp date until first interest
'Z.) ). paying date in 19~5 and l1LVIi c;(.s)l\ per cent per annum thereafter
':. ../ Wlt'il first interest paying date in 1955 and six (6fl)per cent per annum
-.r;"'oCifterjmtil paid. Interest shall. be payable semi-annually, .tlirst"'i'it,trarest
payable on'April 10 1935, and semi-annually thereafter
on the lOth day of 6ctober. and the 10th day, of April of each
year, principal and interest payable upon presentation and
surrender of bond or proper coupon at the i"anufacturers Trust
C~mpany, tiew York, N.Y., and the City of La Por.te is hereby
held and !irrnly boundl and its faith and credit, and all real
and personal property in said Uity are hereby pledged for the
prompt payment of the principal of this bond 'and the interest
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ther e on at r.ma. t w:Si:.t.r..
This bond is one of a series of 148 bonds, numbered from
1 to 148, inclusive, of the denomination of One Thousand
($l,OOO~OOO Dollars each, aggregating One HWl~red and Forty-
. Eight Thousand ('1Ji14a,O,OO.OO) Dollars, issued Wlder and by
virtue of the :~nstitution and Laws of the State of Texasl
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I:Ilic1uding Chapter 163, Acts o.t' the '12nd LEigis1a.ture, 1931, .t'or
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the purpose of re~unding, canceling and in lieu of a like par
amount of Ci ty of La Porte Waterworks Bonds dated Hovember 10,
1925, City of La Porte Refunding Bonds dated December 10, 1929,
City of La Porte Sewer Bonds dated Januarv. ~O; 1~30, City of
La Porte Waterworks Bonds dated January 10, 1930, ~ity of La
Porte City ~~ll and I~re Station Bonds dated January 10, 1930
and City of La Porte Street I~provement bonds dated January
10, 1930, and in pursuance of an ordinanpe passed by the City
Council of the City of La Port~, Texas, which ordinance is of
renord in the Wdnutes of said City Council.
,'!he date of thi s bond, in coni'ormi ty 'fa th the ordinance
above mentioned is the 10th. day of October, 1934.
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AND IT IS HF.R:r.'BY CER'l'Ili'IED Al~D RECITED that the issuance of
this bond, and the series of which it is a part, is duly
'authorized by law, and that all acts, conditions and ~b.i,ngs
required to be done pr ecedent to and in the is'suance o.f this
series of bonds, and of t~is bond, have been properly done and
performed and have happened in regular and due time, form and'
manner, as required by law, and that the entire series of bonus,
of which this is one, does not exceed any aonstititional or
statutory limitation.
I Ii WIWNESS WdEREOl", the City of La. Porte, by its Ci ty
Council has caused its corporate seal to be aJ:f'ixed hereto and
this bond to be signed by its IIByor, cou.ntersigned b~r its
City Secretary and register-ed by its City Treasurer, and the
intetest coupons hereto attached to be executed by the
1ishographed facsimi 1e signatures of the iI.ayor and the Ci ty
Secretary, as of' the date last above~~~.h...A:~__}
.~~, ~E~rison~
, lllayor..t.. City of La Pqrte, Texas.
COUNTERSIGNED:. ~~ .
I WRust. m-~~
, -C1 retary.,
REGISTM;:,~~
, Ci ty l're ,surer.
Section 9. The form of coupon a~all be ~ubstantially as
follows:
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ON T.LIE 10TH' DAY OF'
'U
, 19_,
The Ci ty of La Porte, Texas, promises to pay to lJearer
at the I"anufacturers 'rrust Company, N'ew York, :N.Y., the surn of
(:ni
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Dollars, in lawful money of the Dhited States of &nerica,
being six months' interest on the City of ~a ~orte Refunding
Bond No.____, dated October 10, 1934.
l;.ayor
Ci ty Secretary.
Section 10. That the following certificate s~all be printed
on the lllack of each L..nd:
\/)
OFF'I CE OF CO!;';PTR OLLER ) (
)(
STATE OF TEXAS )(
I HEREBY CERTIF'Y that tllere' is on file and of record in
my office a certificate of the Attorney General of the State of
.
Texas, to the ef1fect that this bond has been examined by
him as required by law, and that, he finds that it has been
issued in conformity vdth the Constitution ,and Laws of the Sta~
of Texas, and that it is a valid and binding obligation u~on
said City of La Pcrte, Texas, and said bond has this day
been registered by me.
WIT1TESS :tY HAHD and seal of my office, at Austin, Texas,
~
thi s the'
day of
, 1935.
. Comptroller of Publi c Accounts of
The State of texas.
Section 11. It is further ordained by the City ~ouncil
of the City of La Porte, Texas, that 'while said bonds, or any
of them, are outstandi.r:g and unpaid, there sh all be annually
levi,~d, asses~ed and c o~lected, in due timeo! form and manner,
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a ~~, upon a~l the taxable property in said Citypf La Porte
sufficient to pay the current interest thereon and create a
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sinking fund sufficient to pay each ipstallment of the pri~cipal
as the same becomes due, and,L.toipay.:Jthe.:,'interest on said bon~s
for the first year and to create a ~inking iund ~ith which to pay
the principal as the same becomes due, there is hereby levied
a' tax of:~i1'.OO Corie')bol~ar::': on each ijjilOO.OO'valuation of taxable
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property in said ~ity.for the year 1935, and th~ same shall be
assessed and collected and applied to the purpose named; and
while said bonds, or any of them, are outstanding and unpaid,
a tax for eachl year at a rate from year to year, as will be
ample and sufficient to provide funds to pay the current interest
on said bonds and to provide the necessary sinking fund, full
allowance being made for' delinquencies' and costs of collection,
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shall be, ~nd is hereby levied for each ye~r, respectively,
while said bonds, or any of them, are outstanding and unpaid,
and said tax shall each year be assessed and collected and
applied to the payment of the interest on, and principal of.
said bonds.
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Section 12. It is further ordained that all moneys in the
sinking fund ~nd all taxes in process of collection far the
payment of interest and principal of the sonds herebY,refunded,
5.l.all be transferred to the sinking fund of this bond issue.
Section 13. It is fUr~~1Q' ordained that
if B Harrison
,
the E,layor of said City, shall be authorized to take charge of all
necessary records pending investigation by t,ne Attorney General
and shall take and have charge and control of the bonds herein
authorized~pending their approval by the Attorney General and
registra.tion by the Comptroller of Public Accounts.
Section 14. The fact that the bes.t interest and general
welfare of said Oi ty requires a ~eadjustment of its financi al
affairs in order that it may meet. its obligations promptly
constitutes and'creates an emergency and an urgent public
necessity requiring that the rules providing for ordinances to
be read and PI' esented more than one time , or at more than
one meeting, be suspended, and that this ordinance be passed as,
and take effect as, an emergency measure, and such rules and
provisions are accordingly suspended, and this or4inance is
, 'pass ed and shall take effect as an emergemcy meaal. re, and shall
be in full force and effect immediately from and after its
;pQ. 'S sag e .
PASSED Al'.D APPROVED, this the 11 thP-ay bif F'ebruary: ,1935.
AP PH OVED:
ATTEST:
H .B Harr1: s on '
Ci ty of' a Porte, Texas}
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THE STATE OF TEXAS D
D
CITY OF LA PORTE I
D.
C OU :NTY OP HARRI S 0
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'X'
I W Rust
, City Secretary.of the
City of La Porte, Texas, do hereLy certify that the above and
foregoing is a true and correct copy of an ordinance passed by
tne City Council of said City on the~~__day of February , 1939,
authorizing the issuance of City of I::a Porte Refunding Bonds,
which ordinance is of record in the A'dnu:bes of said City,
Oouncil.
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Wi tness my official signa.ture, this the 13
cia Y of
February
, 1935.
~~~.t
C1 ty I:) cretary, i ty of La t'ort,e
Texas.
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CERTIF1CATE OF DI~TRICT CLERK
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TaE STATE OF T'EXAS 0
D
COUNTY OF HARRIS :~
I,
, Clerk of the
District Court in and for Harl'"is County, Texas, do herepy
certify that since the Ordinance, authorizing the issuance
of ;/JilL48,OOO.OO City of La.Porte Ref'u.1lding Bonds, was passed PY'
the City Council of said City of La Porte, Texas, no suits
have been filed and no suits are now pending in this Court
affecting said 0.rdinance or tile issuance of said l..onds.
and
Witness m~'- hand/seal of office this tile
day of
__, 1935.
Clerk of the District (;o-urt,
Harri s Count/y, 'l'exas.
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THE .STATE OF TEXAS I
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Ccmrl'Y OF BARRIS I
I, I.W. Rust, ,C1t1 Secretary ot the City .
r,,;f -:: i \,ol't~
ot La Porte, Texas, hereb1 certif1 that the CUy ot
La Porte was incorporated a8 a cit1 or tcnrn under
the General Laws ot the Stat e ot Teus and does not
have a special charter.
Witness my hand and seal ot said C1t" this
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the
19th da,- o~ Februal"J', 1935.
(SEAL )
~~ ~~1t~ JA Porie,
Texas. .
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ORDIJ.\~l~~S 4tJi'!,-la.iJ:i.~!~G i':1]; 1$..:>u~l-iCE
01;' tiITY 010 L~ fORTE
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T ~!S .3':' ~~T::3: OF l' ~S ( )
C Otl~?y 0::':;' liArt..tI S ( )
CITi' OF LA P C=t'l'''Ci.: ( )
On t:1.i s t:1.e
11 th
tla y of
itebruarv _" ID3.5, the
Oi ty Oouncil of' t~le Oi ty of La .forte, Texas, convened in
Regu.lar Ses 8i on at the regular u.eetine place in the City Hall,
all j'~~:.:bers l:,,:)inS present, to t'~,i t:
,-1 ':.. ,~~r:ri son
, ....s y or and
Geo. :';0U::1tS
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G 1,. ~~ee
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L J Lavirer.9"e
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J J Roark , .!l.lcierriJen and
.L ., R~::,
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Ci t.y Secrata.ry.
111.0 ~,.6.yor subi...i ttec:. to Ule Council tile f011o',;:.116
orC:~il1ance:
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".i1.J.~ o..i.Dl i~4J:~C3
BY l'J.~:; CIT't OOl-HJlL OJ;.' ~.i:; tJr::i O!" L..", ~J0Li.~'::, ~'~(h;),
.t~tj,'io.iUL.li~G LiE :i:S,:>UAi.~(;E 01' J:{,,::,j;t'L.hDii,G .t.OJ.'.j),:> ii. '.I.'.i:3
AGf7X~:::GA~'!E fi1. OtJl~'l' O:f.' ",148,,000.00, :1.' OR. '1' .:;:~ /LL, '-'..;)~ OIl'
-r ..\... "G 01'" ,.." ...,......r,.. --n" - L"'r'T, O' I'''' O' n
.;;"J1..i.1!'; 11"" v.'1.J.\VU-I J.,I.-: ..1.J.~ 11-, 1.',u l' A ,l.i.~ iu.. ~,.l';_
OIo J: -IE L~GJ1.LLY I S,;.lJED nJ...D OCTd~Ct1..L,;D:LJ.,G bO.i,;:;)S 01-
~.:~IJ CITY" SJ~ID ()UT,:)'.l.'~I.J.,.J)L,:(! LOi:,DS l,T"I.L.G 4.:) ~.OLL0,..;~
OI~Y 01" LA i)ORT:S ~-;A'IT.''R'.. O...-\J.~S b0J.\:icl" D..L;~D .L,,(.V1i..... 3,t
10, 1925;
01':1"1 01' L~ ?OR7~ rt'5F1~"j)ri.G 10.i.::)8, Dn,'.(?D ';)'3C'~.,_l'~1. 10,
192'1 ;
C:L 7Y 01. L+'\ P Q{TE ~-::'.Ir:'1. LOi-.DS, j).t~T::J JiUJl.;.c1...,O: la, 1930;
0171 OF LA l'CRT~ ~,Al'::n'..o.a,~~B .c.u~~;)s" DJ;.'l':!D .T+~j..b~::Y 10,
1930;
cr~.'~ Oli' LA :')Q.iTS CI~Y .:::l:rtLL J.~i\D .L'Ili.:':; b':1.'.lJ.'IuiJ JJ(;J.:JS,
D.i~T:::D JA1l,Uiili.Y 10,1930 MW C1j,'Y OF Lj~ l' \;.'\i:S ;,)~'~.(",,;'Si'
-. -'JO"'t!'" '!':'I-'T LO' D' .., 'In"~'- J' 't.'" Y 10 10'20 "
1. :.l v..:.".!.rl\ . r; ::> .J.t1..I.'.::.JJ ..~j,', 'M , "oJ" ..."'J.,.IJ
?HOilJI.t:G :;;"Of.. ':'-11']: lSV.i, ~S~-::S;:):..:'1:...,7 "",i.;D Ci)LL::~GTl.JJ."
OF 41. 'J.' AX Of, '1' a:~ \.a 00 .00 V AI, LATI Ol.i OF' JU.L .i" .ti....J"'i L::3:
iJ:-{G:-~RT~' ..:C';;iLH ~'.iTI: LL..I:"'o::> U:;.. &~D UI~'Y ',;,:0 l&..i '.i.1:3
I:i~':r:"t:':S7 ai'. SdID LUJ.,.l)d ..1.1,:) (;rl:-:t1.i'~ .u, GILrl...2 ~'L.J
~;'Oh ~ :I'3 f(~j):';i.P::I 01'; :id:s"i3w I l:'l-C.::h.iitIr,l ~,c.. ~. .1:2: .' ~.,.. OI<'
.:.0J.'.J), aK:;) D::=OLJ.~{i.1~(! J.\J.', :1:J...!J.\GEi,.;1.11
:r~1.S ol"dj.nance as read 1..1 ~'u.l1 s':..:.:d it '~.:a.s uLG.~"::';llot'sl:r
~rree:'::' t.lat an eJ:J!6:"eel'lCj o~dsteci r'o'-.1uir':n[~ :DJ.18 lJiJ.SSti.Ce of ..iaid
crdinano 3 01: ~ .118 day it is intr'oduced, L ec~ use Oi'i.'.lS ~)r~l:3ent
til1anoiG.1 condit.io!: of' "l.ile City i.~lich req,uirGz & rCb.d.j'L:3':'..::l~":'i:, of'
e :. t s f:.nancia1 !;l,f'fair s in Ol,c.:(-:r '1.:'!.U t i:. L.ay :. cet. i (. d otli '-'L I:,i ons
proLpt:.y. ~:'.1e;: ol.''..pcn, iUderr..an
Counts 11.oved tJ.1C.t the
ordina4'loe be dE,olared. an erller:;:enoy Leasu:r'a anci final:',)' )as:.Jed
&nd aco,tad on the date of its introduction.
.
lJl
e
Ti.~e said r:.otion ',.,8.S ::Iuly seconded by fildcrM3.l1
LaVlre~ce
..,-.---. .
4It and w'~Li~ously carried ~y ~ae follo~~ng vote:
!. a~-or
(f R ',1'aJ>'T"i son _, anuJ\lderr,;en
i~LL
,
voting ,1':\,Y':: and .I..0~,i3 vo~:i.n.: i';O.
---- .--
:J.n...(~n:2:; .
And t.1.e ordL18.nce ~/as read 'uae s€cond tii:..e ai.1.Q a
n:.oti on l..,ade (j~j ~lder~~an
Counts
, and s' conded bj
4-nderrJan
Mee
t.aat the SElrJ e La finally passGd und
,
. ., , ' ./:"'Jrevailed bv t~1.e fOllo',dr.tg vote:
adopted, .;J~1.1C.l.1. t,O('lon 01
t~~or ~ D i~rrison and ~ldermon ALL
votinf AYE: and !~Clm voti~[" l\~O.
The ~'.ayor, tl~ ereupon decl/;;;.red the or dinance ~'i:1.t:.lly
e pas30d f..nd adcpted as an er:~err.ency l:.easure by unanir.10us vot,e
of t~e City Ccuncil.
The Ordinance is as follm',s:
e
II .t\.L\) Oi{DI ::;~d..CE
bY '...-d~ CITY COuJ..;G:LL O~. ...".17. CI:C~' 01< L.!"l. J'O:t'j.'~, l~,~.t\.3,
..1.tT_:.0RI....lhG ':i.'_~E IS::i'L+1..I."U~ O~, ltEF'Ll',JI.I.,.n: k..U.l,;j).::i i1': ':.'.iE
A0~R~(!..:'1':;] A.L OlJhT 0~" '11'148,000.00, :B'O...t :,1:3 ..::'D..i.:u;,,::J: 01-'
::~~'11',G' O::';'F, U":i.l\C:r.I.I.i~G 41'..iJ IIJ LIEu OF .i\ Li.t\.1.!: ...u..vl.LT \1:0:
':,:1'1: L ~Gi~lLY 1 S ::>U;::) .L'i.l,D OLT.:i':'hl'.Dl1..G .L,Ol\fDS OF ..::l.4U
CI'?Y, ShID OL TS:iu Dl J..G L0.1.~D~ 1:.~Il,G ,d,S }'OLLO.,.::i: 017::
or L 'r'I.J"',.".'.........uG..:.J. .-Tor,',", -..-'-~":,--", . 2
' ,~... \ALl'..!. ,,J-Ll .n.: ,d~;:) .L. V,L';...".:::i, ...".....L _ ~ .I.; v Ii ::'J..._ ..i. 1..', 1 S 5,;
CITY OP La lJOltTE .itI'lo:Ll-~DI1\G .l:.ONDS, DA7:::n ~~CE...,i-.:::'3. 10,
1929; CITY 011' La iu.-tIE S~'..Eli 1011JDS, Did.'::n Jrl..,L!k....tl' 10,
1930; CITY OF La l';0rlTE ~,a'r:::...ll'Oa.I..h.::l 1:,01.:D8, .J.L!:D
tTAJ.~L1..<iY 10, 1930; CITY OF' La fC.tt'l'E CITY .-faLL ~~1\1.D
FIlt!: ..::I1'A'':':r 0111 bOJ.\JDS, Da'J.'::I) J~U'.l.:.tU\l 10, 1930, .u,D
CITY OF' Ll1. POH'rE d'j,,~rlE:!!:I' .L~.jJrtOT":'J:l..:S1\l 1:.0.r.rj~ Dl:\,~t:.=:D
JJi,l,iU~.u1.Y 10, 1930, Ji"uU ~:rl(,nG:)ll~G itOn J.\i:?: LEVis A..J.::>:':d:>ll.3:j"T
A~:D JOLLECTI01~ Oi' ,i.-TAX 01.: 7~iEiilOO.00 V&~lJ41.':i.'J.~~'.
OF aLL T ..UUi.bLE fit 0~;;' E&"t T'J: ..i 'J.'l;:LI.\~ '_'..j,:3 L1.,.1 T.::i O~i: S~:Ioi D
CITY :/:0 raY. ':.-13 11\T:t~d1' 0:"'; ,:)...1.iJ .tOhD8 .rl.1~j) G.ci."7.h.ll,!
A Sl.~ia~~G l-'LhD i 0.1 'j,,'.tiJ: 11.EDE.1,,~':rl O.rJ 1'.rl:t:='.r(,~0}', ~J."D
?R:::::S'.J~UBI'j,;G :.-1:3 FOR~. OF l.,IJ.tlD, a.l.\D D:ECL~~Il'.G ,L:\..L'~
EL~('.~i;CY. \I
i,,'T~f(~~\S, by ordinallces of the City Council of' t~ie City
....~~ -....
of La Porte, Texas, heretofore duly and lere1ly adopted,
t:1e .suid City of La Jorte le,sally issued 1..~1.e l1.eX'eillafte::'
deSCI'i oed bonds:
(1) a1 ty of La Porte;~aterworks Londs, dated j:,.over:,bEll!.t'
10, 1925, in the principal StU:1 of' '11'::>0,000.00, "earine int Gr est
a t the :aCt to of' 6,,: per annul.., int arest paJ'abl El sel: i -!~J,mE~lJ:J on
.
the lOt:l clay 'of uctober ~:'1c;. t:le 10t.'l dU:\,- of April ot.' e _.C.d. year
and. r:,a.~t'ring SE:l"ial1y '1(1,000.00 on ~pri1 10, 192<:"', and ril,OOO.(I1O
0::1 April 10t~1. uf each alterr:a.te y'18.r tLlereafter up to G....1d
includi::1[:' L'1.e ye&r 1944 and -nil,OOO.OO on 4pr'il 10i:..l eaC.I ~"r:lar
t:.eraafter up to and includLlG the year 1905; of ';~.Iic_.i. :i.s:::ue
-
-
.
.I I !
e
tllere are outst~-.tl;.dine bOllds nlllilbered frODJ
to , inclusive, ab[:reeatine or28,000.00;
(2) City of La forte rleftll1d.L1[' bonds, 6ated
Decernocr 10, 1929, in t~~e principal surr. of '1(25,000.00, taurine
int c:.....es'l:. a. t t ~le ra te of 6)~ ~er annu::., int erest pa'j"abl'3 serd-
annua1J.7>' on October lOth a~ld April lOth of eac.i.~ year llnd
r.:at1.:ring serisl1y 't~1,000.00 on -hpri1 10, 19;:'1 and 'n'l,OJO .00
on .l~pri1 lOt::], of each alternate year thereafter up to and
including the 'year 1960 b.nd .j,il,OOO.OO on april 10tl~ of each
year t~ereaft3r durine tae years 1961 to 1969, DOtU inclusive,
of Vi.li ch is SSlle bonds J:\os. 22 to 20, inc1usi ve, "llare never
i saued and LO:'lds l\'OS. 2 to 21, incl usi ve, ac,grega. tillf" ....20, OUO .00,
are 01.-~tsta.lldi;,1[: and unpaid;
(3) City Of La 20rte .;)e~'jer bonds, dated Jam.lar~ 10,
1930,f.l.t'.r.~bered 1 to 70, inclusive, in denomination of \;..1,000.00
eac~, a,ceresa tine ...;70" 000.00 bearing interest at the I'a.to of
6~ per annuu." interest payable sem1aru1u~11y on October lOt~
and ~pril lOki, of each year and l.i1atux'ing seric.lly 'ltl ,000 .00
on April 10th of each of t~e years 1932 to 1946, both
inclusi",re and \i2,000.00 on April lOth of each of tae :v-ears 1947
to le60, toth inclusive, and ~3,000.00 on April lOth o~ 3uch
of the years )961 to 1969, 00th inclusive. All of said ~onds,
e r.:.umbered froD". 1 to 70, inclusive, agere[;e.tine; ';70,000.00, are
outstanding and unpaid.
(4) City of La llorte-Iater';;orks bonds, dated ,Tanuary
10, 1930" in t.J.e principal SUIll of ....15,000.00, bearing interest
a.t the rate of 6i~ per annur.., interest pa~-able seu:i-annually
on October lOt:l and .April IOta of aa C.1 yeo:r, and 11.a tt:"~r:i.nc serially
wl"OOO.OO on A)ril lOth of eacn of t~e yea.rs 193~, 1933, 1941,
1944, 194?, 1900, 1953, 1955, 1957, 19b9" 1901, 1965" 1900,
1967 and 1969. ~ll of said ./a ter\"Jor1:s Bonds, nUII:'oered from 1
to 15, inclusive, in t_1S denon:ination of ,~l,OOO.OO eac.l,
ae.:.r'e~:iti:'l.E ,(15,000.00 are outstanclinc and unpaid;
(5) ;Ji tJT of La. ,(o1'te Gi ty .4Ull und :bir'c dtati on :c.onds"
dated .:anuary 10, 1930, in the principal sum of ,.,.10,000.00,
bearin(' int,e.J:'('!st at tae raLc of 6~~ per annum, interest pa.~'able
e
seri -annually ,:>n October' 10tl.1 and Jl.pril 10t~1 of each yp.ar,
.
,1/
e
nu;1!bered fron 1 to 10, iIllClusi ve, in t~le denoEina tion of
"';1,000.00 e&l,C'l, payabl-:: sel"'ially yl,OOO.OO on 4pril lOth of' each
e
of t~e years 1935, 1940, 1845, 1949, 19b3, 1957, 1961, 1964,
1967 and 1969. All of said City aall and ~'ire $t~tion Londs,
in t2.e ag;"regat.e amount of wlO,OOO.OO are outstandi:i."l{; l;1.ncl unpaid.
(6) City of La Porte street lffiprove~ent ~onds, dated
.Tanuar~/ 10, 1030, in the principal sum of '1(5,000.00, l,;earing in-
i
terest at the rate of 6~ per anil~, int6~est payable S~Ji-annually
on October 10"1Jl:1 and .April lOth of eac~'l ,;'ear, numbered from
1 to 5, both :~nc1usive, in denor.lii1ation of 'ill.OOO.OO eaci.1. and
l11aturir~ saria.lly ~l,OOO .00 on April loth of' each of L'le
years 1941, 1849, 1957, 1953 and 1969. All of said street
TI'le aggregate ~moLnt outstandinr, and unpaid on all
of said above described issues being 'ti'148,000.00 and t~le
Oi ty Council of the Oi ty of La .Porte deems it advisa-ole tind to
ti.le best int.er'cst of said <.;i ty 'i...a.at said at>ove desciJi~.il.3d
outstandir.g bonds, in the amount of 'tt'148,000.00, be ref'wlded
and that 1'1e1;1 l,londs be issued in lieu thereof.
T:Illir.....FOd.E, b:3: iT ORDA:U~:!!D E:.Y 'lIdS CITY COtJEGiL Ji," TdE
CI':'Y OF LA Po:.i.T:'!:, ~-r.xAS:
Section 1. That the bands of said City, to te called
e
11 Ci ty of La :Porte Refunding ..:..ondsll, be issued under and :J;j
virtue of tl1e Constitution and Laws of t~J.e State of Texas,
including a~apter 163, Acts of the 42nd LegislatUl"'e, 1931,
to t:1.e amount of One dundred and Forty-:Eight 'lhousand
~l48,OOO.00)~cllars, for t:e purpose of refundine, canceling
and in lieu Ci t~T of Lc. ,i..::Jorte .~B.ter'::orks Londs, da'.:,ed
~,~oveLber 10, 1925, City of La Porte .ri.efu.nding Londs, dLt';;lu
e
Dece~d;er 10 lS29, City of La torte Be,Jer 110nds, deted
January 10, 1830, City of' La J:'or 'L e .iat..er"orks Londs, - , .
~ii L 3U
Januur"T 10, 1830, Oi t;y 01' La for t e City tIall and Fire dtl.4.Li on
. oj
Eond s , dated J ':.nullry 10, 1930 and Ci t ~r of La. J." ort e St!' .~€:'"
Improver;.ent bonds dated JaI:uary 10, 1960.
Section 2. That said 'bonds s2ull be .tul1lberecl consecutive-
1y fror,' 1 to l~B, inclusive; s;1all te 01' the denomination of
One :.r:.1.ol"~nd (jl,OOO.OO) Dollars euc~l, a.c""re[':;,;.tint' One :it,nC:~('ed
al:d }'crty-~i.s~lt T.1.ousanG: L..lt.::3,000.OO) Dollars.
.
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Section 3. ~hat said bands s~a11 be dated the lOth
day of October', 1934, and s.10.11 becor,e due and payl:t01e seria11';)r
as fo11o'~:s:
It
}OI-:D i:L...:.'r.'.rlS (all inc1usi vo)
i,J~Tt.rt:l. 1"1 ~AT::S
e
1-2
2)-4
5 - 6-7
8-9-10
11-12 -13
1~-15-13-17
18-19-20-21
22-2~-24-25
26-27-28-29
~0-31-32-33
34-35-36-37
~8-39-40-41
42-43-44-45
4G-4'7 -48-49
50-51-52 -53
54-55-56-5'7 -55
59-60-S1-62-6~
64-65-66-67-68
59-70 71-72-7 ~-74
75 -"$6-77 -78 -7 9 -80
81-82 -83 -84 -8E, -8 6,.
87-88-89-90-91-92
93-9~-95-96-97-9E~99
100-101-102-103-104-105-106
107- 103- 109- 110-111-112-113
11~- 115-116-117-118-119-129-121
122 -123-124-125 -},8 E-] ~7 -12S -129
13(,-131;" 132- 133':':134;"135.1.36-137
136-139-140-1{1-142-143-144-145
14:6-147 -148
~pri1. 10, 1935
April 10, 1936
~pri1 10, 1937
. apri1 10, 1938
~pri1 10, 1939
April 10, 1940
A)ri1 10, 1941
April 10, 19':C2
"~pri 1 10, 1943
a.pri1 10, 1944
april 10, 1945
4'l.pri1 10, 1946
apri1 10, 1947
Ji.pri1 10, 1948
April 10, 1949
April 10, 1950
April 10, 1951
4~pri 1 10, 1952
April 10, 1953
~pl"i1 10, 1954
April 10, 1955
l~pri1 10, 1956
.Ll.pri1 10, 1957
April 10, 1958
Z1.pri1 10, 1959
April 10, 1960
~pri1 10, I96l
. J~pri 1 10,' 1962
~~pri 1 10, 196~
ia,pri1 19.1, 19G4
A~.OUl~T
~l;:;WOO .00
2000.00
aooo.OO
::>000.00
SOOO.OO
'.tuOO .oe
4000.00
4000.00
4000.00
4000.00
4000.00 _
4000.00_
4000 .00
4000' .00
4000.00
5000.00
5000.00
GOOO.OO
6000.00
6000.00
6000.00
6000.00
7000.00
7000.00
7000.00
8000.00
8000.00
8000.00
8000.00
;s000.00
T~1.e Oi ty Council heret~. affirn:ati ve1y ad,iud[;es that the
financia.l condition of the City of La .r'orte ;;Ji11 not pert:,it
ta.e pe;.~Tl;ient of said bonds in such insta11Lents as v:i11 li.ake
4It the bu~den of taxation to support sm~e approximately t~~iforfu
throughout the t~rm of said bond is~ue unless it shall be
i'ound t~Lt thfi rpaturities above set out do L.ake tae bl::I'd~n of
taxation approximately u~iform.
Section 4. ~4at said bonds s~all oear interest a~ ~hG rate
of fot'..r (4~~) per cent per annum from date until first interest
~aying date i1.. 1945, a.nd fi ve (5j.j) per cent per annUl:. tn 0t'0after
until. first i T~ er est :?a~'in:~ dGi. te in 1955 c.ud siJt. (o/od ;>e:(' cent lH::r
t~lareu;~~"(,er ,until )aid. lnt e~est shall' 'be paya 'bla semi -annually, ~ir'st
~,..rj -.~~~
interest paya'L:!.c on April 10, 1930, and sell1i-annua11y therea.fter
on the 10t~1. dt.~. of October and ~.1.e 10t;.1 da~r of April of.' C~C.l
e
ysar.
Ssction E. T..:lat 1,.18 pj;'incipa1 of and interest on said bonds
shall be payable in "'a~Jfu1 ~'i:oney of the Lnited ~t&tes of "'~L:lerica,
u.pon prssentl:':.i..,ion and s~'render of bond or proper coupon at t.:-Le
lanu.fact'l'.I'ers Trust Gorlpa:'-i~', ...;0.. "iork, l';.Y.
.
v
e
Seotion G. Taat eac!l of said bonds alall 'ue sifnBd 'l);Y' tile
: a:; or ~ countel'signed by t~1.t1 (.;i ty Secret::...ry and regi sterat1. by the
e
City ~'r3asureI', and t~le corpor'ate se&l of i:.~le lJity of LL.. ~Jorte
si1al1;,.e 'f.t1pr('ssed u)on eaeh of t...lem.
Sact.i on '7. T~1at 'i:,~le facsimile signa.tures of 'i:. he .. ayo!' and
Oi t7l Secl'0tar;y ".:Jay be lit'.lographed or .-n:>inted upon t~le cO".1pons
attaC~led to suid. bonds, ~nci s,:la.ll haV3 t!..le SQ.:Li0 effect as if'
they ~ad. been si[ned by taem.
Socti on 8. Tb.e form of said bonds Si.lall be sul;st...ntiall;y
as 1'ollo.:,'s:
I~Oo
~l,ooa.oo
L-I T3D 3T ....J.'::S OF ..~.,.E.i.r Ci~
e
3::, .:"'~ 01,' T":'<AS
COUh'TY OIl' tWillI S
or 'ly Oll~ La ?O~(l':; rt:2PU~;..Jrdl- ;.. OJ,,D
~G:O."! ALL ~"~F 3Y T~fS8"": ~l.ti':.:.>'P...,l'~: That the (;i ty of La
:)orte, in the Joun.ty of riarris, St&te of Te;c:as, a Llunt ;':ipLLl
corpora t5. on, dl".ly incorpopa....ed 'Linder 'L,.le la.. s of t.h.e dtu 1..6
of :ex~s, for value recei vecl llercby prol..i ses to pa;>r to L:.1e
beare:> ~l er eol' on t 1e lOth day 01' ~pril, 19 -' t11e sum of line
'J.'housand ("';l,OOO.OOO DOlla.rB, in ls. ~.ful ~ Oiley 01' t~le
Lni t eel .3~Eites 01 A1lleri ca, r.,ith interest taereon at ti1.e rate of
four (4;~) per cent pSI' a:..mUI.. frolp dlite until first Llt.G::'sd.
e
peyiI1[; jute ii,,) lS45 and five ::'5J~1)er cent per annum ta.eraa:2"i.,er
t:.nti.l fir:st il].t'3rest paJr-ing date in.1955 c..r>;d. six {6;~)lJe~" c~n~ })er a:::.nu.:.
'::'~er ea.:"J e:r J.'nt.~l paJ.d. Ii"'_t El.l.' est, s.1a1J. be ,iJa~r8.(Jl G S8Id, -annuallY:I f!:I.rs l:. . ~.t1tarest
ua.yablc on April 10 1935, ..'oDd s er.ii -annuall;y t:lereaft 01"
on tLle 10t~1. day of 6ctober D.:'ld tae lOtil da;y- of' 4~pril 01' eB.C~l
year, lJrincipal and int Ell' cst. paya'""le upon pr esontu'(,ion :.incl
surren6.er of bond or 1)rOp8r coupon O.t tile LG.:'lufactu.,:;,:'er!;J ~z.t~.st
Gor,::9ar:.~", He\v Yo:....k, H.;'::., s"nd t.le City 0: L,,~ ...Jor've is .(le:.:>0i...i
~sld Ella firtly ~ound, and its fait~ a~d c~edit, ~nd nIl raal
a:."lC: l,.;r J o.nal ~~:::':)) er ty 1 n ::lai~: Lii t.~,- '-"':"" 0 .1 er e L..;/ i:]- <.:dC ed. :;: or t.:le
prOL.'!t pE.J,rr;lCnt :):~' ti'l6 pr'inci:)G.l 01' t ~1i s i;;oYld lind tile L...i.erest
t~.lere en a"(, ,matwi.ty..
tit
'I.lis concl :'.3 one of a s~}ries )f 1!..i:8 10nds, l1'Lua'i:ierst,;, froL
1 to 1'.1:5, i~~clu si ve, of the c:.enOlIJillati on of One 1nousan<l
{'til,OOO.ooJ Dollars eaJh, ae(regating One i1undred and. i.:ort~(-
~r.ht Taouaand (~148,OOO.OO) Dollars, issued under and ~y
virtue of th.e Q:msti tution and LEnia of tile S"l:,l:l,'ve of Tex&s,
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Ii:.:~ludinE' C~la.9ter 163, ACt3 of' t,1.C <J:211d LEi[;islature, 19;:'J, tor
the purpose 0; refundine, canceling and in lieu of a like par
e
amount of Ci t;~T of La ,.tJorte ,.ateI'"liorka bonds dated .l'.Ovsfl:tar 10,
1925, Ci t-;{ of La Porte J:inf'unding Londs da.ted Decer.."ter 10, 1929,
City of' .LIs. i>ox'te Sevier .E.onc.ls dated J~l1ua.rW 10, lil30, 'Jit~r of
La Porte '::ate:.....:.orl-cs bonds dated Janu&ry 10, 1930, (jit~.. 01' La
:?orte Cit;y- :ial1 and liire citation Londs dated JE;.l1v.c;.,r~" 10, 19~0
Sond Ci t~r of L~, ?orte tltr~e'... Il;nprovi9n:ent ~t.onds dated JLl1u:.;,rJT
10, 18:30, and in pursuance of an orciinE..110e Ps.s sed. by Ule Ci ty
Council of tl'Fl City of La ~)orto, Texas, 'Jhlicl.1. orclino.nce is of
~ecord in the L~nutes of said City Council.
'Ine date of this bond, i1:1 conforrr.ity' i,.-i t~'l the 01'c.inc.11cc
&.Love rr:sntiollcd is the 10th daJI of Octob0r, 193(.
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.t'~~~.D I~ I~ .f~i(,~l:Y G"SJ.;{TIl'I""D A~.j) ~::(;i::'3D that t~le i '3.::t:.ance of
t.'li s cOl':d, ar.e. the series ol','.hi ch it is a p&rt , is uvly
author~~ei D;>/ l~;:, and t~'1at all acts, conditions and tlil':::~s
:,"'sC:i.u.irec to 'be clone ~reccdemt '(,0 a.r..d in the issuance oJ: t.lis
series of 'Londa, lu:d of ':'.J.i.3 /Jonel, aave been properly ::iOll',~ &nd
perforr..od and .Is-ve i.1appenecl in rcgul~r ar..d due l,il...O, f Jr:u, ar:d
manner, as re;uired by law, and that the entire series 0; bonus,
of ',.'QiC:l tllis is one, d.oes :.::.ot e~'{ceed any e:0l1stit.ition~~1 or
stt-;,tutor}~ J.il_:itation.
1:i... ~:Ig~~J:S:3 .:.:~Z.1.EOP, t,.'ll=) Ci ty of Lu J:ort e, by it. s Oi ty
e Oouncil ~'las cc.used its corpore..~ e seal to be a1 fixedie:r'ev() and
tlis 'b'T.~ to j:"" sicn('3j b~T its j:fl~Tor, cQl..,ntersic;ned by j.ts
Ci ty SecretarJ~ and reeistered by its Lli ty' 7reasurer, and 'i:.:J.e
intetest coupcc.s :J.ereto attl;;.chec. to Le el~ecuteci. cy t':le
li~ho["ral-;(lCd i:':.~csir,ilr; siCl1l,tUl"es of' t-:.e ~,a;..or ill.C1 t:1.e iJity
LlecrctE..r~r, as; d' t.16 clute lest U,,0":6 ,.~}:.~cn~ / ...
,''C~#.-r~~
. . -.. L J.1B.rr~ s on
d:l..r 0:r' , : ,:: t'7 01' J..& ';" or' t e ,i: OXlL9 .
(} ul i: :: -:.'.\. dI (! . . -J :
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Ci t Y '.ill' Ct4 sur er .
~.
3ecti 012 9. j,'.ae i'orr; of cou.p:)n a'lall 't;S su'()sta1'.itia11J' as
fol10~':s :
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'~~le Oi t~' :)1" Lu J:lorte, :Lexs.s, prord ses to paJ'~ 'uO f_,ec.:-eer
at the . anufa.~turers Trust GOIi1pan:)T, i'..e'a ':.:ork, l,J.Y., t'.lS SU1l1 of'
('I(
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Dollars, in l&',:ful r:.oney of tne LT:ni tcd Sta tea of .:~eric{:.,
being six L.or..(,hs' interest on the Oi ty of .lJe.. .J:'ortc J,a~'u:i,) '-:i.!~
;:'onC:
t.
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da t sd Oct oiJel' 10, 103/:!:.
i,.l:l.yor
Oi ty t)ec('etar~r.
Section :'.0. That tLlo follo"ilinG ce:....tii'~tcb.te 8:1&11 be prir:.tsd
on ti.le '!u&ck 0:':' each L:. nd:
. Cl;:FI C~ O~t G01... l'rt OLLE.-1 ) (
)(
81 .:.~3 01ii ~~Lt~:3 ) (
I ~'I3J.1EbY U~1.':"I!'Y that t~lere is 011 file amI oi' re~orl.i. 1:n,
r_y o.ff~.ce a csr'Lific'..te of' ~,i.1e Attorney General of' tJ.I0 S.uL....Le of
Texas, to t~le effect tila:. t;lis "1Jonci. :1G.S "!Jeen f3xa!..ined iJY
.:..ir.: E..S r:Jy'1.::~red. 'uy la".., &nd t~'lat .18 l'::'nds tnl:l.'~ i'i:, j,1.&S '~'een
is '.mad in conf Ol"I.li ~:r \,,1. th t!.le Constitution. and La"s of t~'l:; ~tate
of Texas, ar.l.d~~lUt i":. is a vl:i.lid aHU t,indins obligatiol: U con
said City of La ?orte, Texas, and said Gond h~s this d.y
been r c["i s'!:' e~ ed by 1. e.
.
:,I:J.~--::d,';) ~'1 ..:I~~~L\;D and seul of ~IJ' off'iceJ at Au,stin, ..;o:;:as,
t:.li s the'
cla y of
, 15;j5.
COL:ipt.roI1sr of' -lublin 4~ccou.nts ui'
Pae ~ta~e of ~exas.
Section 1:. !t is f~rtuor ordai~Ed C) ~de Uit) 90Dncil
of L.~1.a Cit:r of i.Ja .l?oI'ue, j,'sxas, (.,aat ~:ul:= si.:l.i~ ~ol1cis, or an:v
of t~eli~, are oLtstundir.{; LJ.l<J, t:11fH::.id,u.1Sr'3 s:.lall La allr:,1.u:..:'J_y
levi ~<l, Clssp.ss(!d l:..Ild c ollecl.e.:, itl clue iilJ.e~ i'orr:.;, a.r..d i', alu;,er,
a tux upon all L:.16 taxable I;rop~rt:y" in s&id Ci tJ' "J.i.: La. 2: 01"'L e
su:.:'f'iciCi':"t to ~:s.y t~'le curr(,l~t il1t~r~'3t, t_lorCOll a:c..cl create u
.. Si~::il~ fund. Sl'l'i'icient to pl~' each ir..sLalll.en'u of ti.le :,J:.....illCipul
as the S~l~e becol,.es cJ:r.€;, line to ,pa~' tile int-erest on s:li,:l "LOilds
for t':lS f:i.rst ~"e6.r and to create a sinkinG ,une:. ..iti1. \>1~~C;:.l .~o pay
t.:.e pl"Ltl.ci};s.l !;;.s the S;." e te~o:i'\es du.e, i~lerc is 'leretl',Y' l:vied
E:. tax C.:L'~O_ (o:le)Dollar, 011 eaci.1 'rl'lOO.OO valua.~ion (\1' '(,L:..:::..ble
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propert~r in st..id vi ty for t ,1e ;rear 19~b J :::..nd t"J.O SG.i,.e ~:.l~~aJ.l be
assessed az:d collected al'ld applied to t~1.e purpose nal1Jecl; .lmi
e
',~'2ile seoid bor..d.s, or E..~_.,- of' t.:J.em, are outstanding aHd unlJ.:..id,
a tax for sa ~.;:l ~ ?sar at a I'U t e fr' OJ:i ~Teur to yeLi.r, as. ill be
arn!1le sr..d suff:lcient to provide funds to pay the curre:'1.t ~~nterest
on said bonds .:lnd to provide t!le necessary si nkinf.' fund, full
allmlancr' bein:-: ii.8.de for delinquencies and costs ot' collection,
-
shall be, s.nd :i.s hereby levied for each yeEJ,r, respectivel~',
i"ihile said bomis, or any of them, are outstandine and l)..npuiu,
and said tax s'l.all eac~1. year be assesfJed and collected and
applieo. to the payment of the interest on" and principE.l of.
said bonds.
Secti en 12. It is furtller ol"daL1ed tllat all moneJrs in the
__ sinkint' fur;.d ara. all taxes in process of collection for tt"1.:)
pa~"7ilent of interest and prir..cipal of t;,le ponds nerclly refvncled,
slall be transferred to t:le sinking iund of t.lis bond isslle.
Section 1;:). It is 1'urt~"lOJll." ordained t~lat
_:1 i. l1arri son
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the j..ayor of said City" ai1B.ll be authorL:;;ed to take cn!:lrge of all
necessar~. recoris pendine in'iTestiE:~:don by tele Attorney General
a:r:ci. sllE..ll take o.lnd ilave charze and control of' the '(;onds Lle:reill
autnorizad pendlng t2eir approval Ly the Attorney Gener~l tind
recistl":.:~tion by the CODAptroller of ~;uolic .n.ccounts.
Secti on 14. 'j,"'ne fact thl~'(, ta.e best im,..erest and eenerc..l
.... -'.
e uelfare of said Ci ty I'SLluires a reaa,iustment of its financi 8.1
affairs in ordel" ti:1at it r:.a.JT neet its obliga.tions promptl~T
cO!1sti tutcs a.nd creates an er.erge.ilcy [,.,nd an urcent public
~ecessit$ requiril~ th~t the rulos providing for ordinances to
be read a~:d pI' er;ented more t..'lan one i.ilj.e , or at I.-.ore t~'J.al
one l'r;e etil1E, be st.:spended, and t~1a t ti1i s ordinance te pass sa as,
a.nd ta1:e effect as" an eLJereenc:>r li,easuI'e, and such rulel; and
provi si o:as ur e accordirlf'ly sli.spenued, ~;'ld t~li s orcilinance is
pa2S ed and snaIl talre effect as an eli!ercemcy IuCaw. rae, Cll"ld Sll all
be in full force unci. effect iXJauediatel;y- frOll', ....nd ca:J:'ter its
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passaBe.
? Jl.S 6"ED l1.' ,D AP iR OV;ID, tai s ti.le 11 thday (:f I' eb:tuars_, 10:"5 .
;.p PR mrSD ~
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.. ,JvI'~~14~~ J
..i .L .I.Ia.rri s on
j",ayor, Gi ty of' .La .t'orte, r1'oxas' 0
iU'T~ST ;
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TT~ S:;:Al'B 0::: :3X~;.S D
D
CITY OF LA pac=.: ~
o
C OL !\TY OF .iARHI S 0
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I \~' Rust
, City Secr etc.ry of t.ne
City of La ~orte, Texas, do aere~y certify that the a~ove and
foreeoil~ is a true and correct copy of an ordinance ~asded by
t1.e City Council of said City on the-1Jt_day of F'Ab!'uary , 19Sfi,
e aut:J.ori~ir..:E tb.a issuance of City of t~ .t'orte Refunding Londs,
\".'11ic11 ordinance is of record in t.'le i..i.nu:bes of said City
Council.
~'.1 tness lilY offi cial s:i. ~nature, t1.i s tae 13
da y 01'
FebruB.!'Y
, 1935.
~RclJ.t
C~ ty l:) cretary, i ty of' La t'ort.e
'l:exB.s.
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CErl~lFICAT~ OF Dri3TrlIC'l1 CL'?l{K
Tl~ STAT~ OE T1XhS 0
D
C au N'I'Y OF M.=i.R IS)
I,
, Clerk of L1e
District Oourt in and 1'or-Iarris Countjt-, ';exas, do neJ....eby
cert.if~- that aince the Ordinance, aut.i.lori~ine t(16 isstlan.co
of .;l!';'8,OOO.OO City of' .La.?orte Reftulding Eonds, '..&.3 :.'asfJed py
t:10 Ci ty Cour~:1il of said (;l ty of' L::.. k'orte, Texas, no sui ts
h.ave been fi13d a,nd no suits are noVi pendinr; in tni s UOUl't
affectinc sai:..l Ordinance 01' we i ssu.ance 01' said J. onds.
G.l1d
,Ii tness l.lj lland/ ...:e8.1 of o1'f'i c~ t~li s tLle
day of
__________, 1935.
Clerk 01' t~e District c.;onrt,
:iarri s Cou.nty, Texas.
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'fEE 'STATE OF TEXAS I
I
CcmlJ.'Y OF RABBIS I
I, I.W. Rust, City Secretary of the City
of La Porte, Texas, hereby certify that the City ot
La Porte was incorporated as a city or town under
the General Laws of the State of TeDs and does not
have a special charter.
Witness my hand and seal ot said City, this
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the
19th day of February, 1935.
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(SEAL )
od~
arty Secret ry, City or La Porte,
Texas. -
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