HomeMy WebLinkAboutO-1935-250
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# 250
ORDINANCE AU'l'HORli:ING I SSUANCE OF REFUNDI NG WARRANTS.
THE STATE OF TEXAS I
o
CITY OF LA PORTE 9
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C ou NTY OF HARRI S 0
On this the 11 thclay of February
, 19:55,
the City Council of the City of' La. Porte, Texas, convened in
regular session in the Council Room in t~e City Hall, all
members ther'eof, to
i;ti t :
r-T F HRT'T'i ~Ol' , Il"layor ,
Geo. Counts , JUderm'an,
Geo. Sharp , Alderman,
C lii Ae;AA , Alderm~n,
L C Lawrence , Alderman,
J J Roar~ _,Alderman,
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being present, and, among other business transacted, the
following ordinance was passed:
"AN ORDI HAW CE
BY THE CI'l'Y COm;.CI},rOF TrIE GI'l'YQ}' LA PORTE, TEXAS,
AUTHBIL:ING 'l'HE, ISsUAnCE OF' WARRANTS Fon r.iE .PRIl~CIPAL
SUIii OF ~13,887 .91, li'OR TJE PURPOSE OF PAYING ,OF}',
CANCELI HG AI~D I N LIEU OF A LIKE Alv;OUi~T OF TrIE LEGALLY;
I SSUED AND OlJTSTANDI NG i~ARRAln's O}' SAID CITY, SAID
OurSTAl~DING WARRAl~TS EEING AS FOLLO',fS: CI1'Y OF LA
POR'fE SEVIER WARRANTS, SERIES 1931, DJ\.1'ED AUGUS1' Ip,
1931; CITY OF LA PORTE STREET PAVING 1iA!:UtAIIJ'l', S:FRIES
.OF 1927,DATED OCTOBER 10, 1927,AND CITY OF LA POR.'l'E
FUl'IDING WARRANTS,DATED JULY ~5, 1916, AND PHOVIDIhG
FCR THE LEVY, ASSESSlllErJT AND COLLECTI Ol~ 01" A TAX
ON THE ~100.00 VALUATION OF ALL TAXA.LLE PHOPERTi:
Yi'ITHIH TdE LIlhITS Olt' SAID CITY TO PAY 'fdE I~TEf{EdT
ON AIm CREATE A Sl N..lJ: NG It'tJHD it OR 'l'dE HEDEll.PTI uN
THER:EOF, Al~D' PRE~CRlbI l'JG T.dE FORhi.:.'OF v:;ARHAl~lr, Al~D
DECLARI NG AN ElliERGENCY."
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Alderman
COUl1.t.S
. moved tha t the ordinance
'be placed on its first reading; sec onded by Alderman ~AA ,
,and carri ed b~r t ~e f ollowi ng vote:
,l\YE: Aldermen COllnts , Sharp , ~ee ,
Lawrence Roark .
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?} 1-ro: NOlm.
Carri ed; Ordinance p la c ed on first ream ng.
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Alderman
moved tha t tile OI"dinance pa ss
Aeee
first reading; seconded by AldBDman
carried by the following vote:
CO'W1ts
, and
AYE: Aldermen
A,Qee
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C:mmt.!=I
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Lawrence
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NO: NONE.
Carried; ordinWlce passed first reading.
Alderman
moved that the rules be
Rh A "'p
suspended and that the ordinance be placed on second reading;
seconded by Alderman
Roark
, and cal~ri ed by the
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follow:l)ng: vote:
AYE: Alderman
Shar'O
Counts ,
.tl,g e e
,
,
Lawrence
, Roark
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NO: NONE.
Carried; ordinance placed on second reading.
Alderman
moved that the ordinance pass
,Aeee
second reading; seconded by Alder~an Lawrence
by the following vote:
, and carried
AYE: Aldermen C:mmt.!=I , SbB.r '0 , Agee ,
Lawrence Roark .
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NO: NONE.
. Carried; ordinance passed second reading .
Alderman Sha;rp
moved that tLle ordinance pass third
and final reading; seconded by Alderman
. and carried by the following vote:
Roa:bk
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AYE: Alderman
Sharp
.A,Q: e e
,
Counts
,
Lawrence
Rcark
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NO: NONE.
~~ayor
H R HAryo'i !'Inn
then deRlared the ordinance
finally passed.
The, Ordinance follows:
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"'AN OHDI NANCE #.,2 S' 6
BY THE CITY COuNCIL OF 'EHE CI'l'Y 0]' LA POOTE, 'I'EXAS,
AUT~1ORI~I NG THE I SSlJANGE 01<' 'IvARRANT.::> FOH THE PRIIJCIPAL
SUI.~ OF ~13,887 .9;]), FOR THE PURPOSE OF' PAYI l~G OF}', CAH-
CELLNG AND IN Ll~U OF A LIKE JUiIOUN'l' OP TdE LEG.u.LY
ISSDED. :.ND OUTS'rAlmIl~G WARR.AJ.~J:'::i 01i' :;)AID CIrl'Y, ::iAID
OUTSTAi~DIG(J} WJL\R4\1~TS bEIlm as FOLLO/vS: CI'J.'Y OP LA
P~TE SE~ER WARRAlJT::i, SERIES 1931, DA1ED AUGUST 15, 1931;
CITY OF LA POR'I'E STREET PJlVIl~(! I'vARRANrs, SERI!!:S 01i\
1927, DATED OCTOEER 10, 1927,. AND CITY OF LA PCRTE FUNDI~I~G
'iwARRANTS, DA'rED JULY 25, 1916, AtiD PROVIDING FOR 'l'dE
LEVY, ASSESSJ\.ENT AND C OLLEGTIOH OF A TAX ~'~IT~iIN 'l':IE
LDd'rS OF' SAID CITY 1ZJ PAY T.lE I N'l'EREST Ol~ AND CREATE A
SINKING FllND FOR TaE REDEr.lPTION THEREOP, AND PRESCHIBlhG
THE BORII. OF BOND, AIm DECLARI NG AN ElY.ERG1?NCY."
WHEREAS, by an ordinance of' the Oi ty Council of' the City of
La Porte, Texas, passed 011 the 18th day of August, 1931, the ."
s,aid City. of La Porte legally issued its "City of La Porte
Sewer Wl;i.rrants, Series 1931," in the amount of ;yi9, 225.69,
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bearing si,x per. cent interest, .01' which issue there are now
outstanding and unpaid warrants in the aggrega te a niount of
$9,225.69; and
vmEREAS, by an ordinance of the City Council of' the City of
La Porte, Texas, passed on the lOth'day of Octo~er, 1927,
the said City of La Porte legally issued its "City of La Porte
Street Paving Warrants, Series of 19.a7, in the amount of
$4, 162.22, bearing six per cent interest, of which issue there
are now outstanding and unpaid warrants in the aggregate
amount of' ~2,162.22; and
WHEREAS, by an ordinance of.the City Council of the
City of La Porte, Texas, passed on the 24th d~y of JUly,19l6,
the, se.id City of ,La Porte issued. its "Ci ty of'. La Porte Funding
Wa~ra.nts," in the amount of <jj>lO,OOO.OO, bearing six per ce~t
~ interest, of Vlhi ch issue there are now outstanding and unpaid
warrants in the agg'rega te amount ,of ojii2~~OO.OO; and
WHEREAS, the City Councilor the City of La Po~te
affirmatively rinds that all of ~~~~above described warrants
were issued prior to the effective date of Chapter 163, Acts
,42nd Legislature, 1931, or were issued under eontracts made
before said law became effective, and the City Council f'urther
affirmatively finds that it is necessa~, tqat said liiarrants
be refunded in order to relieve a default in the payment of
principal and interest; and that new ~~rants be ussued in
:Lieu thereof;
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THER'PFORE, BE IT ORDAI ~mD EX 'rd"": CI'IT COUl'lCIL OIi' THE OITY
OF LA PORTE:
Section 1. That the warrants of ssid City, to be called
" Ci ty of La Porte Refundi ng ~~arrant s, Seri es 1935, II be i s::lued
under and by virtue of the Constitution and Laws of the State
of Texas, including Ohapter 163, Acts 42nd Legislature, 1931,
to the amOl1nt of Thirteen thousand Eight Hundred and Eig,hty-
Seven and <9J!100 (,ji13,887.l9'l) Dollars, for the purpose of
refunding, canceling and in lieu of the City of La Porte
Six fer Cent Sew,er Warrants, Series 1931, dated August 15,
. 1931, and City of' La Porte Six Per Cent Stree,t Paving
Warrants, Series 01.'.'1927, dated October 10,1927, and City of
La Porte Funding Warrants, dated July 25, 1916.
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Section 2. That said warrants sr.Lal1 be numbered consecuti ve-
ly from 1 to 29, both inclusi ve; shall be of th'e denomination of
Ftve Hundred (~500.00) Dollars each, except Warrant No. 1
wh:bch mall be in tlle denomination of '1'wo Hundred and 'r~'ienty-F'i. v~
and 'aa/lOO (~225.:S9) Dollars, and Warrant rJo. 2 which snaIl be.
in the denomination of One Hundred and Sixty-Two (.~162 .1.20)
and twenty -ct.YiC!)i,;~ents
Dollars,/ aggrega tM:lg 'l'hirteen Thousand Eien t Hundred and
Eighty-Seven and ;g,J/100 (.yi13,887 .~1') Bollars.
Section 3. That they shall be dated the lOth day of January,
1935, and shall becolJle due and payable on January 10, 1950,
,
vdth option of redemption on any interest payment date~
Section 4. That said warrants shal~ bear interest aL the
rate of Four (4%) per cent per almUlll fr~m date to July 10,
1945, and shall bear interest at the rate of Five (5%) per
,
cent per annUm thereafter during the years 1946 to 1950, both
inclusi ve, interest payable on January 10, 1936, and semi-
annually thereafter on the 10th day of July and the lOth day
of January of each year.
Section 5. That the principal of alm interest on said
warrants shall be pa1Ja~le in lawful money of the United
States of America upon presentati on and surr ender of warrant or
proper coupon at ~~nufacturers ,Trust Company, New York, N.Y.
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Section 6. That each of said warrants shall be signed by
the ll::ayor and countersigned by the City Secretary and
registered by' the Ci ty Treasurer, and the corporate seal. of th.e
"City of La Porte" shall be impressed llpon each. of th.em.
Secti on 7. That th.e facsimile signatUl'es 'of the II.ayor and
City Secretary may be lit.~Qgraphed upon the coupons abtached
to said warrants, and shall have the same effect as if they
had been signed by them.
Section 8. The for~'Jot' said warrants sma 11 be substantially
as follows:
NO.
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UNITED STATES OF Ah~ICA
STATE 0]' TEXAS
C QJ NTY 0]' HARRI S
CITY DF LA PORTE REFD~DING WAi~ANT
l)
SERI ES 1935.
KNOW ALL l\lEN BY THESE PRFSEl~TS: That the Oi ty of La Portel
in the County of Harrisl State of Texa~, a municipal corporationl
duly incorporated under the laws of the State ~f rexas, for
v~lue receiyed, hereby promises to pay to the bearer hereof on
the lOth day'of January, 1950~ the sum of
, .
($
) Dollar~, in' lawful money of the Uni ted
States of America I wi th interest thereon from date hereof at
the rate ~f Four (4%) per cent pe~. annum from date to 'July 101
19451 and Five (5%) per cent per annum thereafter during the
years 1946 to 195~, both inclusivel interest pa~able on
January 10, 1936, and semi-ann~ally thereafter on the lOth
day ,of July and th.e lOth day of January of each. year, principal
and interest payable upon presentation and surrender of
warrant or proper coupon at the li;anufacturers Trust GompanYI New
York, If'-Y., and the City of La Poete is hereby held and
rirmly boundl and its faith and credit, and all re~l and .~ersonal
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. property in aaid Ci ty, q,e'l he'reby pledged l' or the prompt
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l~ayment of the principal of t1i1.is warrant am the inte,rest thereon.
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El tOO maturi ty.
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The City of La Porte reserves the option of redeeming this
warrant on any interest payment date by paying principal and
accrued interest thereon, and in case the same shall be called
in for redemption b~fore naturity, nbti~e thereof in writing
shall 'be given to the holder or hoiders thereof by the Uity
Secretary of said City at least thirty days before the date
fixed for redemption, and should this warrant not be presented
for redemption, the same shall cease to bear.interest from and
after the date so fixed far' redemption.
This warrant is one of a series of 29 bonds, numbered
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from 1 to 29, inclusive, of the denomination of five Hundred
($500.00) Dollars each, except~~arrant Ho. 1 which shall be in
the denomination of Two Hundred and Twenty-Five and 6g/l00
$~225. 69) Dollars, and Warrant No.2 which shall be in the
denomination of One HUl:ldred and Sixty-Two (~16222)) Dollars,
and twenty-two cents,
aggregating Thirt~eitiousand Eight rlundred and Eighty-Seven
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and al:/lOO (:jji13,887 .~~a) Dollars, issued for the purpose
of refunding, canceling and in lieu of City of La forte Six
Per Cent Sewer Warrants, Series 1931, dated August l~, 1931,
and City of La ~orte Six Per Centw~treet Paving Warrants,
Series 1927, dated October la, 1927, 'and City Df La Porte
Fundi~ War;I'ants, dated July 25, 1916, .under and by' virtue
of the Constitution and Laws of the State of Texas, including.
Chapter 163, Acts 42nd L~gislature, 1931, and in pursuance of
an ordinance passed by the City Councii of the City of La Porte,
'Texas, on the
11 th day of
February , 1935, which
ordinance is of r~cop.d in the ~inutes of said. City Council.
The date of thi s warrant,' in co~ormi ty '/,i th th e ordinance'
above mentioned, is the 10th day of January, 1935.
,AND IT I S HEREBY G1ERTIFI ED AND HEGI TED that the issuance of
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this warrant, and the series of wim:bb. it is a part, is duly
authorized by ~law, and 'that all acts, conditions and things
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required to be done precedent to and in the issuance of this
seri.es of warrants, and of' this warrant, have been properly
done and performed and have happened in regular and due time,
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rorm ~nd manner, ,as required by law, and that the entire series
of warrants of which this is one, does not exceed any constitutional
or statutor, limitation. ,
I N WI TNESS '"H8I1R 01", The Ci ty of La J:' or te, by its Ci ty
G:ounci;J.., .has caused its corporate seal to be affixed hereto
and this warrant to be signed by its luayor~ couWltersigned
by its City Secretary and !"egistered'by its City Treusurer,
and the interest coupons hereto attached to be exevuted by the
lithographed facsimile signatures of th e 1l'Jayor and the City,
Secretary, as of the daLe last above written. _
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~ayor, City of a orte, Texas.
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OOUNTERS1GNED:
Ci ty ,Secretary.
REGI STF.'RED:
Ci ty Treasurer.
Section 9. The form of coupon Shall be substantially as
follows:
NO.
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On the 10th day of
, 19_,
The City of La rorte,Texas, will"pay to bearer, at the
lanufacturers Trust Company, New York, W~Y;, tne sum of
(ijji
) Dollars, in
lawful money of the Uni ted States of America, being
months' interest on th e Ci ty of, La Porte .n~fUnding
Warrant, Series 1935', No.
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~~yor '
Ci ty Secretary.
Section 10. That the following certificate be printed
on the back of eQ.ch warrant:
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OFFI CE OF' C OIr.PTR OLLER 0
D
ST ATE OF TEXAS 0
I HEREBY CERTIF'Y 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 thi s warrant ha s been examined by him
as required by law, and that he finds that it has been issued
in confromity with the Constitution and ~aws of the State of
Texas, and that it is a valid and binding obligation upon said
City of La Porte, Texas, and said warrant has this day been
registered by me.
Vii tnes s my hand and seal of DIY offi ce, at Austin, Texas,
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this the
da. Y of
, 1935.
Comptroller of Public Accounts of
" The State of 'rexas.
Section 11. It is further ordained by the City Council of
the City of La Porte, Texas, that while s~id warrants, or any
of ~hem, ~re out,standing and unpaid, there s.hall be annually
leVied, assessed a~d collected, in due time, fqrm and
maJ.?l1er, a tax upon all the taxable property in said City of La
Porte, sUfficient to pay the current interest thereon and create
a sinking fund suffi ci ent ~ 0 pay each' installment of 'the princi pal
as t he sane becanes due, and to pail' the interest on said
warrants for the first year and to create a sinking fund with
which to pay the prt'ncipal as the same becomes due, there is
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hereby levied a tax of/~ Cents on eac~'ilOO.OO valuation qf
taxable prop erty in said Ci ty' ti.drl"the Yf;Jar 1935, and the same
shall be assessed and collected and applied to the p~lpose named;
ana while said warrants, or any of them, are ~utstanding and
unpaid, a tax for e~ch ye~r at a rate from year to year, as will
be ample and sufficient t6 provide funds to pay the current
interest on sa! d bonds and to prOvide the 'necessary sinking
fund, full allowance being made far' delinquencies and costs of
. collecti on, shall be, and is hereby lelli ed f or each year,
respecti vely, while said warrant s, ori;.,Sl}y of them, are
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outstanding and unpaid, and said tax B.1all each y:ear'...;Je assessed
and collected and ,applied to ,the pa~nent of the interest on,
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and principal of, said'warrants~
. Secti on 12. It is further ordained tta t all taxes in,
process of c ollecti am for the benefit of the issues of warrant s
hereby refunded, and all moneys in the sinking fund :for the
benefi~" of said warrants, a:fle hereby appropriated and transferred
to ~he sinking fund of this issue of refUnding warrants~
Section 13~ It is further ordained that H b HA~iaaft ,
the Mayor of'said City, shall be authori,zed to take and have
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charge of all necessary records pending investigation by the
Attorney General and shall take ahd have charge and control
of the warrants herein authorized pending their approva~ by
the Att?rney Gen~ral and registration by the Comptroller of
Public Accounts.,
Section l4~ The fact that the beat interest and general
welfare of sai d Ci ty requires a read justffient of its financial
affairs in order that it may ijleet its obliga ti ons prolJlP1Hy,
creates an emergency and an imperative public nece'ssi ty that
the rule requiring ordinances to be read on three separate
days before final passage be suspended, and such rule is hereby
suspended" and it is ordained that tl1i s ordi na.p.ce shall take
effect and be in force inmledd.ately afDer its passage and
appr oval.:
PASSED . AIm. APPROVED this the U tdlty of 'ebr~935.,"
APfROVED:
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a B Barrieon
Mayor.. 01 ty of La .Por,te.. 'rexas.:
ATTEST:
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THE STATE OF TEXAS
CITY OF LA PORTF.
COUNTY OF HARRIS
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'r W Rust
, City Secretary of the City
of La. Porte, Texas, do hereby certify that the above and
foregoing is a true and correct copy of an ordinance passed
by the City Council of said City on the
11 tA\ay of February ,
1935, authorizing the issuance of C~ty of La Porte Refunding
Warrants, Series 1935, which ordinance is of record in the 1dnutes
of sai~ City Council.
Witness my official signature, thi s the
l' t,h day of
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, 1935.
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rIliAb:CI1~L ~TATEMU~T.
I. TAXABLE VALUES.
Assessed values 01' real estate tor the year 1934,
as shown by lest approved a~sess.ont ~011s. .
Assessed values of personol proporty for the year
19~4, as shown by last approved assessment rolls .
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II. O~~~lL TAX RATE AUTHORIZED
For 1935.
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Ceneral Tax Levy tor 1935
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III.
BONDED INDEBTEDNESS.
(a) City ot I.a Porte Waterworks Bonds, dated
NClvember 10,1925, bearing 8~ lnterest per annum, meturlng
serially $1,000.00 OD April 10,1988 , and $1,000.00 on
April 10th at each a1te1'llate yeer thereafter up to and in-
cluding the year 1944, and $1,000.00 eo April lOth 01' each
Yellar thereafter up to and including the year 196e, amount
originally 1esued, ~30,000.00, amount of this issue
ou,tstending.. ... . ..... . .
(b) City at Lo Porte Refunding Bonds, dated
December 10, 1929, bearing 6~ interest per annum, maturing
serially $1,000.00 on April 10, 1931 end ;1,000.00 on
Alllril lOth qt each alternate year thereatter up to and in-
cluding the year 1960, and $1,000.00 on April lOth of each
year~~~ereette~durlng the years 1961 to 1989, inclusive,
.~ aiouD orlg1na""fty issued, e25,OOO.00, amount at this
:" () ) 18~ue ~tst.andlng.. . . . . . . . . . '. . . .
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.' (0) City ot La Porte Sewer Bonds, dated January 10,
1930, bearing 61= interest per snnum, maturing serially,
$1,000.00 on April lOth at each ot the yeers 1932 to 1946,
im~lusive, $2,000.00 on April 10th ot each at the years
1947 to 1960, inclusive, $3,000.00 on April lOth or eech
at the years 1081 to 1969, inclusive, amount 'orlglna1ly
issued, $70,000.00, amount at this issue outstanding. .
(4) City ot La Porte Waterworks Bonds, dated
J'anua17 10, 1930, bearlDg 6~ interest per annum, maturing
serially $1,000.00 on April 10th ot each of the years 1934,
1;38, 1941, 1944, 1947. 1950, 1953, 1955, 1957, 1959, 1961,
. 1983, 1965, 1987 and 1969, amount originally issued,
015,000.00, &mount otth18 issue outstanding. ..
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(e) City ot La Porte City RaIl and lire Station
Bellnds, dated J'anuer:Y 10, 1930, bearing 6" interest per annum,
"~ lDI!I,turing serially 01,000.00 on April 10th ot eaoh ot the years
.0) 19135,1940,lg4e,l94~,l953, 1957, 1981, 1984, 196'1 and 1969,
'" '\. ,:/ a,ount originally 1ssusd, 010,000.00, emount at t hi B issue
- outatancU.ng......,.............
(t) City ot La Port,e Street Imp~.ement Bonds,
dated Januery 10,1930, beariq 6" interest per annum, maturing
serially i1,OOO.00 on April 10th ot eaoh of. the ,eU's 1941,
19,49, 1ge'1, 1983, and 1969, amount originally 1ssued , $5,000.00
amount ot this issue outstanding'.. ........
T~AL. .. .,
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. .1,412.48'1.00
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. $ 1,412,48'1.00
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~ 21,187.30
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~ 28,000.00
. $
20.000.00
.& 70,000.00
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e 15,000.00
.. 10';000.00
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5,008.88
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(All of the foregoing de80rIbed bonded indebtedness hae been
--\ rlirunded by fin issue at C1t7 or ia Port. Refunding Bonds, dated
'v / Ot:Jtober, 10, 1934.)
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IV . n..CA~I1~G IJI:.BT.
(a) City ot La Porte Street Pav1Dg ~arrant8, ~erlee
01' 1927, deted October 10, 1927, bearing 6~ interest, amount
cu'iglna11y issued, i4,162.22, Bmount at this issue outstanding, $2,162.22
(b) City at La Porte Funding "arrants, dated July 25,
1916, bearing 6% interest per annum, amount originally
issued, $10,000.00, amount of this'1sEue outstanding. . .
'2,500;00
(0) Clty at La ~orte Sewer ~arronts, Series 1931,
dated August 15, 1~31, bearing 6% interest per annum,
am,ount originally issued, $9,225.69, amount ot this issue
out8tanding. . . . . . . '. . . . , . . ,. . .
. t-9,225.69
TOTAL. .. . $13,867.91
(Allot s81d sbove desoribed warrant8 have been.refunded into
.0 BeJ~UDdlng Warrants, Series 1935, doted January 10,1935.)
NOTES, dated ' . , due ,
.U' b~elriD8 ~ interest per annum, total SMount outstsndlD8.. ~
\
I
I bereby eertlty that the above 8tatement 8& to the indebtedness
ot eaid Oity ot La Porte, Texes, i8 true and correot os shown by the reoords
of, ~ otfice.
W11lnesII my of't101a1 signature,' this thl! / ~ da7 of t:!Z;f--1
103,5.
.,~~
City Treasurer, ty or La Porte, Texa8.
I hereby certify tbat the 8bove and for~going stotemont exhibits
8 tl'Ue and correct account or the indebtedness ot the B81d City ot
01..... La F'otte, Texes, at every character existlng 08 the 11th day ot
.r ..fIbr'usry, 1935, S8 sbown by t he records ot my art ice, 8nd also a
: - oorreot statement ot the taxable 'Values ot Bsid City 88 shown by the
. -~ sssessment 'rolls last approved~
Given under my hend eoa ...1 the 8eal of the sold City at La Porte,
Texas, on thi8 the doy at February, 1935.
(SctalL)
aUF ~~ La Porte, rene,
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CERTIFICATE OF 'r:iE Dl STRI C'll CLERK.
THE STA~[,E Olt' ':'EXAS D
, D
C OU N'lIY OF iIARhI S ~
, I, , Clerk of the Di striBt
Court in and for said County, do hereby certify that since
the ordinance was passed by the City Council of the City of
La Porte, Texas, ~o authorize the issuahce of :D;13,887.91' of
warrants for the purpose of' refunding, canceling and. in
lieu of the Ci ty of La Porte Six Per Cent SeVIer v~arl'ailts,
Series 1931, dated August 15, 1931, and City of La ~orte
Six Per Cent Street Paving Warrants, Series of 1927, dated
October 10, 1927, arnd Ci ty of .L..a Porte "Fundi ng V~larrants, dated
July 25, 1~16, no suits have been filed and no suits are
now pending in this Court to set aside said ordinance or to
)
prev~nt the issuance of said Warra~ts, and there are no
sui ts of any kind filed in any way affecting either said
ordi,nlnc,e or the issuance of said warrants.
Witness my hand and se~l of office, this the
1
day of
, 1935.
Clerk of the District Court of
Harris CoUnty, Texa's.
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FINANCIAL STATEMENT. .
,I. TAXABLE VALUES.
ABBessed ft),ues ot real estate tor the year'1934,
as shown by 1aet approTed asse8s.ent .011s. . ·
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AS8essed Talues ot personal property tor the year
1934, as shown by last approved a8sessment rolls. · .
TarAL.
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II. GENERAL TAX R4TE AUTHORIZED
For 1935.
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General Tu Le"" "tor 1935 .
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III. BONDED INDEBTEDNESS.
(a) City ot La Porte Waterworks Bonds, dated
N,DTember 10,1925, bearlDg 6% intereet per annum, maturlDg
slltrlal17 11,000.00 OIL April 10,1988 , end $1,000.00 ,on
41~r1l lOth of eaoh a1terll8.te year thereatter up to and in-
olucl1Dg the year 1944, end $1,000.00 _ Aprl1 10th ot each
ytlar theNaner up to aDd lnc1udins the year 1965, maoulLt
O:r'iglnally issued, ,$30,000.00, aDIDUnt ot this lssue
o1J:tstandlDg. . . . . · · . · · · · · · · · .' · .. · ·
(b) Clty of La Porte RefundiD8 Bonde, dated'
D19cember 10, 1929, bearlns 6~ interest per 8J1Dum, maturlns
st,rlal1y '1,000.00 on April 10, 1931 and $1,000.00 on
Al~ri1 10th ot eaoh alternate year thereatter up to and In-
cludlDg the year 1960, and '.1,000.00 on April 10th ot each
~'ar thereatter during the yeare 1961 to 1969, lnc1u8iTe,
.....~ 81I1OUll.t orlglnally lssued, $25,000.00, amount ot this
~ () ) lissue outstending. . . . . . . · · · · · · ·
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(0) C1ty ot La Porte Sewer Bonds, dated J8DUar,y 10,
11~30, bearins 6'" interest per annum, maturlns serially,
.1,000.00 on Apr11 10th ot each ot the years 1932 to 1946,
il1c1uslTe, $2,000.00 on April lOth of each of the yeare
1947 to 1960, 'lnc1uslTe, $3,000.00 on April 10th of each
of the years 1961 to 1969, inc1uslTe, amount originally
hsued, $70,000.00, amount of this 18sue outstandlDg. · ·
(d) City of La Porte Waterworks Bond8, dated
Itmuary 10, 1930, beariDg 6'" lntere8t per annum, maturing
8.sria11,. $1,000.00 on April 10th of each of the years 1934,
1938, 1941, 1944, 1947, 1950, 1953, 1955, 1957, 1959, 1961,
1963, 1965, 1967 and 1969, amount ori81~11y issued,
$J\.5 ,000.00, _ount of this, issue outstandi:ag. · · · · ..
. .
l' (e) Cit,. ot La Porte CUy Ball and Fire Station
,t (C? B'3nde, dated Jenu817 10, 1930, beariDg 6% intere8t per annum,
. 0: )lIIlturins serially 11,000.00 on Apr1l lOth of each of the yeare
\ ~ 1935,1940,1;45,1949,1953, 1957, 1961, 1964, 1967 and 1969, . .
........._/ SDlount original1,. issued, $10,000.00, 8111.DUDt of this lssue
. O\ltstucl1ns ~ . . . . · · · · · ,. · · · .' ~ · .
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(t) CUf of La Porte Street ImproTement Bonds,
dnted January 10,1930, beari:ag 6~ interest per annum, maturins
s..rla11,. '1,000.00 on April 10th of each of the fears 1941,
1949, 1957, 1963, and 1969, amount ori8i~llY issued, $5,000.00
amount of this issue outstandlDg.. · . · ... · · · · ·
TarAL. .".. .... ... . ·
.
. t1,412,487.00
.
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.$
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. . 1,412,487.00
. . ~. 1.50
. . i 21,187.30
$ 28,000.00
.
. $ .20,000.00
.t 70,000.00
.
. 15,000.00
.
. $
10,000.00
.---J
5,000.00
.L4I",uuu.()u
e
e
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_ (Allot the toregoing described bonded indebtedness has been
~ rEltlUlded bl an issue ot Ci tl ot La Porte Refunding Bonds, da ted
~ IOatober 10, 1934.)
I '
IV. FLOATING DEBT.
(a) City ot La Porte ,Street Panq Warrants, Series
01' 1927, dated October 10,'1927, bearing 6~ interest, amount
or'iginal1y issued, '4,162.22, amount of this issue outstanding, $2,162.22
(b) City ot La Porte FundiDg Warrants, dated 1u1y 25,
1916, bearing 6~ interest.per annum, amount origina11l
issued, $10,000.00, amount ot this issue outst8llding,. .. i2,500CQO
. (0) City ot La Porte Sewer Warrants, Series 1931,
dated August 15, 1931, beariDg 6% interest per annum,
amount original1, issued, i9,-225.~9, amount ot this issue
ou'tstandiDg. . . . . . . . . . . . . . . . .
. $9,225.69
TarAt. .... . .. ... 113,887.91
. ' (Allot said above described warrants have been retunded into
"0)Rej~undiq Warrants, Series 1935, dated 1anuary 10,1935.):
(' . \ . NOTES, dated , due ,
'J 11>>ellring ~ interest per 8DJlUDl, total amount Qltstancl1ng.. $
)
I'hereb, certitJ that the above statement as to the indebtedness
ot said CU, ot La Porte, Texas, is true aDd correot as shon by the records
ot my ottice.
1935.
Witness my ofticial signature, this the , Q1:lt day, ot lI'Rh1'U81"Y
cfJ2tjj{~p_e.
TeDs.
I herebl certitl that the above and toregoiD8 statement exhibits
'~. a true and correct aCCOUJlt ot the indebtedness ot-the said Citl ot
(Jr" \ .La l?oi'te, Texas, ot eve!'J' character ex1stlDg 08 the 11th day ot
( JFBb)~ua17, 1935, as sh01JD by the records ot ~ ottice, and also a
,-_/ con~ect statemen~ ot the taxable values of said Citl as shown bl the
asselssment rolls last approved.
Given under ~ hand aDd ..at the seal ot the said Citl ot La Porte,
TeDs, on ,this the 19th day ot Februa17, 1935.
tseal) .
{J3~~
City ~ecretary(I~ ot La Porte, Texas.
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'rhE. STkTE OF TEXi.S I
I
CWliTY Uf l:1ARRIS I
~ . h~.~:
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1. I.W. Rust, '01ty Secretary ot, the City
ot La Porie
or La Forte, Texes, hereby oertify, that the City ot
La Porte .ae 1noorporated a8 a oity or tOWD under
the General l.a1l'8 ot the State ot Te.a8 end dOes Dot
have a speoial charter.
witnes8 ~ hend and seal ot 8a14 C1ty, thi8
/)
the
19th d87 ot l"ebrua17, 1935.
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rr. C1t"y ot La l'orte,
Texas.
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Car:r:iccl; Ordinance pJacec. on first rec.d.ir..e.
LC: l,02\-r.:.
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ls..~,r e~ e
Ro~rk
S'
fla.ra:r;>
,
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COllnt.s
,
,
AY!:~ ;~ld0rn,en
Ul1d c~\X'J."'i cd by t le f ollo'::i :cg vote:
IJC nlaced on its first ree.dir,c; scco:ncied bj- alti.erlluj,'l ~l,fAA 0'
Covntt3
Aldcrll.an
1l.oved tha"L Lle orcli ;:le.nce
"l\i... Q.-iDI .1'..:u. OS
BY ':\i~ CI'lY COU.I..CIJ"!!.',J:: ~Li:: GliYC.L' 1.t1. ."".JrlT:::::, 'j:~4.3,
.1.UTTEIiU.6ILG :;:'"i'!!: J.::.;~t...i.l;C'! O~' ,..-uiR.I.\.:.';r's ~; 0.1 11:2: }rll~..Cii'~J~
'T" 0' '1" 88rt ""1 'L'OR "" 1':' ;;.T..;)';,"'...... 'y,""1 ':J "...' G 0"-
.::) 1.1!, ,1;' 'Ii' oJ, (."', I.' 1 .~.:. ... un,L v.::).:" v.(.. .. "-~....J. .1.\" ..'.. ,
CA:',CT:'LIl-:(~ ~1.LD Ii'. 11EU ai;, A Lli\:": ~l..OL": 01; 7-~"': L'SG.:~LL{
ISSlf':'D lu,D O"lJT..::r;".'"i.*.DIl"G .....:u-{l-{l'l..k:.::i Ci> .:;).{lD 8:["::1', .::)4ID
01':' clT "j\DI iK~ ';~.c~iRaEr:;:~ L --::Cl:,G l~:::i POLL 0 ,::>; C: T:.. Oi.: L,i~
20Rl'E S:'3:..~':( 1...i..1.d,AJ.\'.t'.:;), dAtI:':S 1931, D':LZ~ J-L'LGL:lj,,' 1~"
19:51; Cl:'Y OJ:4-' LA ,;,l0.d.TE ::>":-li.~ET .r'..~V1J.,(! ,':l..'I..\+~,h~, ::>:.I.1.J.-:cl
OF 1927, DJ-l.TE:L> OCT OB:S-.rl 10, 1927, ~.I.J) CI :;""1 OF L4~ l4 C.-tr:;,:3
Ft.i1\DLi\:G ....tUtrt,~1~7d, Dtd:GD JuLi. ~5" 1916, ....L.,D frt O.v:L.J:L.L G
1'0..1, .':'.-i:::: LEVY, 4i;:)cl3.:::iSl..:Z.L\'j,' ~1.!D COL1:EC'..L:L Jr; O~I ~i. ':M
OR Td:::: 'u'100.00 V~Lu~'J.lIOl~ 0F aLL ":,tl.X....i..l..,'S .....rlQ:'s.1.~.l
..IT'.i1I~ T~l:E LI...,J':':':::i OJ: cl..LI.:.i (;1T1: 'J:J ...-.:~y ~\1E J..L.l::rt::.jT
01,; 4~~j) GrlE..~'l'3 .11. .:)J. .l.~...L 1.C .;.' L.i."] .I. 0..-\ :,.1::' .:.:.):s.,"..... _.1. vi;:
~ .iE.t '3 OF , .~J.',.o l' rt'EijCrll bl J..o. .L'.,j,E 1'IORili Oli' ..k1..-{.l1.J.>.t., 4",:'>
D3CLr'.rtI hG Ai~ El.Zi.G:;.L~L;.J~. II
follo~ine ordinance TIas passed:
beL1g' 9r E'l sent , and, aLong ot;:ler busines s "Lra:ls.:.lc L P.o., the
,1 . fa ,..,..; ~ on , ...a ,if or ,
Geo. Gounts , ~lderrr.'an,
neo. d~la I'O ,~lderman,
C 'It i\g AA , .L1.1dern.an,
L C Lu\"lrence_ , ~1.1derr.:an,
J J rloark , ..'Udern:an,
il~011:~ors t.lsL'eof, to ',.-it:
re~t....lar sessi on in the Council .nOOI:l i:J:'J. the Ci t';) Hall, all
tae City Council of Lne Uity of La forte, Texas, convened in
, 19~5,
11 t.b..c1ay of_ lebruary
On this the
T'-I"j'Qr-, -"l'or;o OF "'li',r .'s /I
L ~ tJJ..ti. ~ J. ...;I...'\.'" ,.
o
CITY 0:,1 L~L F 0.1T:'1: D
o
COt.. 1 TY OP ~-u\l\~lI S 0
ORDIl~aJ:JC~ ~ul'.l.;\;~U";ILG 1S;;,;{;.h.:;CS 01-' R::l'l.i\Dli;G .'~,tUL-iI1.j,.:r:;:.s.
1r 250
tit
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TILe Or0inance follo~s:
finally passed.
then declared the ordinance
f , H~I'T"; ~ nn
l,.aJl"or
l.r 0: ~lGj,'~::E.
.
,
H.~
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Lay/rence
,
.AY~: 4:!.d,~rr.Jan
&larp
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<Jounts
alld 0ar:('i~d by the follo',Jil1[; vote:
,
and fin....l readir...['; s ccon.ded b:y .h.ld~'rl~.an
Roa"'bk
l:.:oved tLlat t:16 ordil1E:.llCe pass t.lird
jha;r 12
~lclerrnan
Ca .'1"'i sd; ordinance passed seconC: reE..dil'J€.
1:0: :,.::.:1.
.
,
R oarle
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,
AY"4.:: ~Jderr.jel1
On111'lt.~
s~
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,
1
by t~e ~ollo~il~ vote:
, and cs':>::>ried
second readine; seconded by hlder'man Lau7I'enCe
moved t~at the ordinance pass
~
~~ldcrr.ian
Carr-ied; ordinance placed on second r~aciir...e;.
j:W: J. OK:::.
.
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Roark
,
La.wrence
An: .~ld,;)rlJen
COl.lnts ,
::)~larp
.jp;ee J
,
fo'lo.-,.1-.'"l('\'o.,ro' ".,
.._ ltilJLIJ.......l. v v _.
, and ca.!.~r:. ed by tae
seconc.ed c~/ iUderL~an
Roark
suspended and t:tE:.t t~~0 orC:ina:r:ce 'te placed on s"'l(}ond reading;
. ~. .~. . .L'
AIdel"l' an
Loved tha~ t.ae rules i.Je
Carr::ed; ordinance passed .first ro~.dL1C.
lJO: :i\ 0N:3.
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li.oark
,
L9.\'Jr e::,c e
.AY~: .i1.ldf-lrli.en
am", t. ~
Sharp
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,
carriod ~y t~e follo~inG vote:
, a nc.1
GOtw.1ta
fir at ~0E..J.ing; seconded bJ/' .L1.ld,erraan
n!ov cd ta.a t t .18 CF dL 1311 C e [..a s s
~
.rl.J.dsr!:.al1
e
.
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Ii eu t..l,er oof ;
principal and in.terest; and t:lat 1:e\; ;'Jarrants bo ilssued ill
before saj. d 1avi becB.l1ie effective, and tile City Council fr.rtLler
e affirl;-.e.ti ve1y finds tha tit is necossa:r\Y. tcl8. t 8i:,id -..'arrants
be refunded i:o. order to relieve a u.efuuJt in t:l_) fB.Y1i16I:',t 0;
42nc:. Leeis1ature, 1931" or 'v~ere is ;;ueci und.er cOl.tracts II.ade
'were issued prior to t~la effective date of Chap::'er 16;:', 41.C"i:.S
affiJ:>r~a Li ve1y fi n<is tha. tall of maid ',::Jove des'Jribeci iiarrants
';ili~.tr!!~\.::3, tile City Council of t~'l6 City ~ JJa l'oiita
,o,arl'e:.l:i.1 t s in tLle agtO raga Lea bount of ",,2,500.00; and
int.cc:>cst, of -,::li Cd issue t.lere are now outstand~~nc and ur...paici
in the atiOunt of' .w10,000 .00, bearil~ si..:.: per cent
, 'a'"'''' - nJ s 'I
.1 :.. J. ....l,V ,
the, 0: j.d City of ,La .Porto issued. it-s :lGity of' Lo=: .t"orte Funding
City 0:::' La. .t'orte, l'exas" pas~_'ed on. tIe 24t.l d.:.y 01' Ju}~', 1;)16"
'..d'SR"="iLS" by an ordinance of ti1.e 01 ty :Jov.l1ci1 of t~le
e
allioDnt of ~2,162.2Z; and
are no\: outst::ndine and unpaid ',!arrants in tho ..lggrega:i:.e
itP4, 16S .22, bcarinp six per cent interest, of ~"_lich is;;JUO tiare
Street ~)aving :larrants, Seri.3s of 1927, in the aoount 0:
the s&i.d Ci ty of Ls. Port 0 1 eG.... 11:>" issued its ii ~i ty oi' La .'o::o'L e
La ;. or'~e"l'exas" passed on t,.1.e 1et.."1 day of i.Jct/oper; 192'7"
"TJlt ":.ld~ by all ordi nance of t.le Oi t;y' Council oi tLle Oi t'Y' 01'
'lI9,,225869; and
out.:.lta:ncling and unpaid ;:a.rrants in L1.e aCt"rega"L e a LOu:.1t 01'
-~'
u3u:dIlf' six per cent interest" of ~1~lic"l i8:;;'I:.0 ~L1el"'e b.r~ ::..O'il
e
La ?or~e, Texas, passed on tae 18t~ duy of dU[ust, 1931, the
sllie:., C:.ty of La Porte 1c€a11y isst.ed its \lCity of L;;:. .:-orte
Se~-:,:;r ",,'arra.nts, Series 1931/' in t:le aL!Ou.nt of ....9" 225.69,
',:.a:~.\"1AS, by an ordiuance of t.:1 e Gi t.y (Jounci1 0;;" ti1.e Ci ty of
I_l oj ,~
t1, 'UJDo. '('''''' ~-".d "'-
a.l~ n l.1\.u'.v~
LY 1.'::8 G1'l'Y OOLECIL ul'~d:3 C1 ~'Y OF L.1 .;';'iT:;;, : 'ZJ~"",,g,
~V;7_i(jrtI~1 l\G 7...I!1: I S.,L.-\J.',(J!: O~. ,.AJ:li-{.....i..I::> :d,)" 1" dE ,t".rC ~.GI.t'.t...L
SL., O:r- ~13,887.9J." loC~i. 'lJ.n ;t'l:J.1:.4'OSE OJ:. .;4~.LiJ.,G Ui<i-', lil1..l\-
O'SL1i:.G .tu.D Ij:~ L.L.....:.J Oli' .l." L.LJ.I..~ I\.i"i,;lw":' ii.i.' .l.'...::;; L:IG-...LLi
1 SSuED..:D Ot l' .::iJ:'..I"u.DI,l'.G ';..4--tn.t"..1.', ~ I:) 01;' d.....L) ex :1.'):" r.>.-~ID
ot~~:::il.t~.1.;;)I[\jG ...h...LH..tH.l',;; .i....J::U.c- .rl.b }0LLO..S: al~T 0:1..' L.d.
P_ORT~ .-:r':,/~i ...1i.RR+"\J..l'd" :;>'-:JU:i:cl 1931, Dn,'j,'-:") ,n,LGL,;;'l' 15, 1931;
CITl. Ci' L.rl. .i?o,:i'l':!: dl'rl"lT.'ST ?A'iili:,2 ..JUL1.ai.ll.i.'clJ, ;):&11:':';; \.ii'
1927" Ja'[:::O OCTObBd 10, 1927, ~-u~D CITY ~;:i L~ i0..-l'I7.: I"Ll'..CI~j:..G
-.:J:ffiRAl\;1'S, D.'\T~D .TL.LY 25, 1816, AliD fRO'J1DI.1;G ~.'O.1 '..:.'J.i3
L"EVY, .t~SS'3S,$l,.:<':l;T AJ..D (; c: L~..:n'ro~. 0;' -a 'i'~~~ ..1LiI~, ~'j3
LIi.. 1~'a';) Oii' SA1.J cr..'Y pO i...~Y ':i,' E i l~'l'''ill.:;dT CJ.. .r'l.L) GR.~"l.~'~ .t-\
3J .i.KI 1.0. II ~,D ~ O~t '[ ..:.: .i.3D7!:J..2TI m; 'rd:]:\'SO~.'J i~i~.c l...-t :':dCltI';::':::: ..,(}
T1'f"'" 1:ll0~' 0'''' f'l "'\ ,-.-, '-....,,"'L o..;l'''l'G '-'..... ":'1Ur-- c-- u
.J.... ~ .IJ. ~~J... ~ J.-, V.'~J.J, ~~J....l.J .-J _':"\..1 .&~.L.\..i ': .t1...L\f :..a...,..~\ . J.,'. :t...
e
.
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.
pI' ope:' coupon at ~.anuf(ictul"m's 1'1"'USt Cor;pa::l:Y, l:e;} iO:i....k, i,."~..
S:;:)c"i:,i on 5. 7ha.(. the principal of allcl inte:~est on said
e '\1aY'l"c..:1ts s.la11 be ~~lja11e in 1a'A'u1 t;:oney of t.le ltnitsd
Sta.i;.eu of america upon prasC':l1ta.tion 6..nd surral:.d.er of .~'ti..rrc;.nt 01"
o~ ,T6.:.~uary of eaca. jrear.
aniJ.uaJ.ly t~:reafter on the 10t:.J. cluy of ~Tuly aL~ t~1e 10.i:..l day
inclu.r..i vc, interest pa~'able on January 10, 19~3, a::''ld ~;>i:...i-
/
CG::"~ :;Jer annum i:.her eaf'i:,er durin,'"" the yea.rs 1946 to 1950, both.
10'L5" ...uld s':lli.ll 'Uear interest a.t i:,ne r'c~'i:.e of' live {5;;} per
rat3 of Pour (4i~) per cent per ar~um fron, U.il vC to Jul~' 10,
J.3ction 4. T.l1at SCi.id .,.urran"('3 s.l(.;j,ll bear interes'(, b.:.:. 'l....e
19;:;5" and s:16..11 .;JecoijlO cil~e and pa.Jrable on .Ta:::ll':.ary 10" 1950,
, ,
'..:!- '1,,':1 L\pti v.i.l 01' redel::lJ'Li 0.11 on an~' ir~..(,er est ))ajL ant c...a'(, c.
e
J'3ctio~1 :J. 7i.1a'l:. tQ,e;~i' s.l,nl Le de.. Led the IOta day of Ja::.1uar~',
":i{",lt~/'-Sev()n and 91'100 (wI3,88'7 .~n;' TIollars.
in l..H) den01Lir.a.:ltion of Vile ~{undred and Sixt'Y'-I".'io (oni132. .22))
ar..d tY'iel1t:~r ...,tr~o':'..cents , .
Dol1az's,/a".['rer.:i::lt~:r.:g ,.:i.urtecn TLlousand ~ELlt .i..i.u.r.drea ana
:-!~li;ch SIall be in :,:1.e denomination of :L\IO .:Iur.,dred and T,:611tJr-l'i v~
and. GQ'lOO C.225..6'9_ Dollars, s.nd ',iarrant :em. 2 1;~lic.1 S.la1l be.
lji i'l"'orl: 1 to 29" bot":J. inclusi va; s,lal1 be of t'.le deno~:i.:1ation of
Fi"J'G '.undred. (\~500.00) Dollars eac1." 6ACCpt '/karrant .l.':o. 1
.3ection2. That said \"Jal'X'~nts shall be nl,;l...bered cOl1secutivc.-
La forte Fundine ~~rrants, d&ted July 25, 1916.
.-/.
'1901, and (;i ty oi' La l~orte Six Par Cent. .:::ltre,:)'~ ravine
e ',.arrants, Series of. 192'7, ~ated October 10, lS2'7" and City of
SiJl: ;J::Jr Cent Seh er -,iarrant.s, Series 1931, da.i:,(;d August 15"
reluXlJi:tJg, .;nr..celing a.nd in lieu of' t.i:1~ tJiti c:~' Lf.:. ...:'o~";;'e
.3e'I1en und :91/100 (;1I'13,88'7.9.1) DollElrs, i.'CfI' tae purpose of'
;:'0 t~rl a::.,ol"Jl'::' 01' ':'hirto::n ~v~lOt!.S/;Lr..d. EJ.:>lt .;iundr.od al::.d ::i~'ht}i'-
of .:::~}:,~as, inclLdi1J[' C~l[.;,pter 163, 4CtS :12no. Le[islat1..1:"'''G, IS;;l,
unc~er and b'J? virtue of t ',1 e Constitution al.l.d LE;. ~jS of ';:' ,'l€: i3ta t e
nCity of Lo. :orte RefUlldil1G '..[:.r!'~,nts, Seriec 20;:;3,11 '0(-3 is;;;ued
dection 1. ?nat t~le warr3.z:ti:! of said c.;itj,", t.o i.;~ called
Oi;;' L.i~ :: c., T~:
'4~.i~:R""FO.t'3, l~ IT ORJALt'."SD El '111.... GIrl COl:J.~CIL 011' LiS cr:rY'
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at .....J3. t t1ri t y.
Yorl~, It.Y., and the Git~l of La rorte is hereby ~10ld 8..i.ld
firnly bound, and i:.s fait~.l and credit, and all re~l and1?er80:n~1
prOlJerty in said Cit~c, a-re .1erebJl' plc"':'Ced far> I:.ile proli:pt
pa~.tl.;-el:.t of the principal of tilis ...arrant and t.le interest t:,ler'son
e
':JG.rrar.l.t or :proper coupon at the l..a.nufacturera 2rust (;orlpany, Ii'eri'
and interest payable upon presentation and sur::>ender of
da~i 01' .ruly and t:1e 10th day oj,,' Ja.1'1uary of eaCl Ji-ear, Pj,'iZlcipal
years 1946 to 195~, both inclusive, interest pa~able on
January 10, 1936, and sen;i-annually thereafter on t!.le 10t.~'1
t::J.c rc.-;'e of Four (4~) per cent per. anilum froLl ::i.a te to .'July 10,
1945, and Five (5);) :r,:er cent per annUL1 tiJ.er eaf'ter durine; t~'1e
e
States of Ar..;erica, vlith interest taereon from date .tlereof at
in t'r:1e County of ~larri s, State of' Texas, a muni cipal c ar>pora ti or..JI
duly incorporated under 't-YJ.e laws of the state of' 'j,1exaa, for
vnlue received, hereby promises to pay to the oearer hereof on
the 10t1. da.y' of' Ja.1"~uary, 1950~ trie SUIr: of
, .
(iJ ) Dollars, in la.-::ful Ii.oney of ti.1e Lni ted
:3JO.: ALL l.~E [1' r.r::::;T' ...1.{T."SSL:(::i: T.'1at t~lC Uity 0: .La ....;orte,
S'21L"'::S 1935.
CIT::' .oF L..i. :"-:CrlTE RC'F.L.i\DI~~G IIj..Jtj~:i.H
c au L,TY OF ~:rMaI S
::ri' ~-l.TE O:f. T S)(AS
e
LJi'!l T:3D S'J:1~7ES ali' a~,tEi:U C~l.
'W
:i~O.
as fo~.lo;~s:
.Jecti on 8 0 '.i'~'1e forl...i of said ;;;arrants SJ;iJLlll Le sU!.lsta.m:,iall~i
had boon si['l1ed t~. t:1en.o
Ci ty Secretary rr.Eij" i.Je li-rlO{!rapl'1ed upon tn.e coupons att;lc~'1ed
to sEdd ::arrants, and s':1al1 L'1B.Ve the S3Il:e effc.'ct as i: the;j'
":':::..t:y of La ~orteif 8":la1l Le i:r1prcssod HPJOL. eac.l of t':1en~.
,Scction 70 Ti.ltit t.le facsilr.ilc siC;'1atl;];'eS of' ti.le ~.ayor and
tile :'.~...~ror and countGrsigned ":../~l tJ.e Cil,y ::;ecrsts.ry c:.nd
_ recisL.o:;'Gcl by't'.le Cit:)T Ireasurer, and tl.1e corr.orate se9.1. of t,;lS
:;lection 6. Ttlat euch of said:,arrEmts s~'l:3,ll cle sit:;;r..ecl b~"
e
)/
e
serie:J of Ti'larrants, anC: of t~lis \.a:....rant, .have been prop3rl~r
d ane und performed and have happened in reguh.r and d.ue tim/a,
t~lis ".:arrant, und the series of' ~1hibh it is &. lJart, is duly
e autJ.01lized by la::I, und t:lat all acts, conditions and t:1.in[;s
re""~uiY'ed to be done precedent to and in t~'1e issuance of t.J.i s
..\.I;:D I~ IS .f':HEBY OEi.il'Il'lF.D .4.L.;j) .ct:':iJIT:ID that the issuance of
.......
lile date of t;.li s ;1Jarrant, in conformi ty ,i th t~'l e ordiuance
above r..entioued, is tt'1e 10th dfJ. Y of January, 1935.
orciinance is of recoFd in the ;:_i~1utes of said. Ci ty Council.
l':ebruary , 193..., :i_'li ell
11 th day of
Texas, on the
an or:linance passed by the Ci ty Council: of thE: City of .LIa ~)ort.e:l
Series 1927, dated October 10, 19i.:;'l, and City mf J.la .i:'orte
F't".:C.dL1G .'iarrants, dated Jul~T 25, 1916, under end b~'" virtue
of the Constitution and Laws of the state of ~.'exas, i:acludil1E
Ch~ptGr 163, Acts 42nd Leeislat~e, 1931, and in pnrsuance of
-...."'.
e
?ey' Cant SeT;ier ',/arrants, Series 19;)1, dated 4t.1.1Zust 15, 18::>1"
tine. Ci t'3- of La ~ orie Six i-'er Cent :itreet Pavillg 'I.-arrants,
of refunding, canceling and in lieu of City oi La rorte Six
ar~d91/l00 Lf'lS,8D7H9.1) Dollars, issued for tile purpose
dcnoi",;inati on of One .dundred and Bixty-'::O.,JO (~lG2 22'; Dollars,
and t~enty-t~o cents,
ae~re.sating ~hirtee.ri:lousand Eigh7. dUlldred and Eie,'ltY-:S3ven
"'11"225. 69) Dollars, and :'larrant J.~o. 2 '111'1i cn ~ all 1:.e in tLle
the d~uo~ination of T~o rlundred and ~2enty-}ive and 6g/l00
from 1 to 29, inclusive, of the denon.ination of i:;"ive -Iundred
('.ji500.00) Dollars each, except ,:;a.rrant I~o. 1 ~.aiC~l shall be :i.n
-
Ihis '::arrant is one of a series of 29 boj,';'d.s, nur...bered
after t':1.e da:.e so fixed far redeDption.
fOll redel::ption, the same si'1till cease to bear :.nterest froLl and
fixod for redemption, and should t~'lis \Jarrant not be )resented
Secrei:.ary of sa.id Ci ty at least tairty days before t.ae de:.. te
s:lu.ll to fiven to t~'le .:101der or ..loil:d:ers tnereof b'Jr t~le Jity
in fo::, redeL1pti on befor'e IiA turi ty, nbti~e tl1.e~'cof iu ,Iri tine;
ac~ru~d interest t~lereon, and ill case 'tile SU1..:) s~1B.ll be calle-let
it7a~ra~,lt on any interesi:. payr,.ent aate by payinc pr~ncipa.l &nd
flle City of La Por~e reaerves t~e option of redeeLil~ ~ais
e
e
VI
.e
on t. h::'} 'i.Ja ck of e~ ch v~larr an t :
Oi tr Secretary.
Section 10. Tnat the following certifi~te be printed
(
la",:ful l1~oney of the uni ted States of America" oaieg
~oatt13' interest or.. tae City of .Lola Porte .I.\~i:'un:Ung
~Jarrailt" Series 1935" No.
) .iJol1ars" in
(ij
:,B.nufacturers Trust OOl;ipany" l~e1;J lork" If.liY~" t.le sum of
7ae City of La Porte"Texas, will pay to ~earer, at tue
19 ,
, -
On the lOth day of
\1
l~O.
f 0110.,"] s :
Section 9. The form of coupon a~all be suostantially as
Oi ty Tl'easurer.
R '3C-r ST""'RED:
Ci ty ,S~cT'etary.
C OUl>lT~SlGi.;ED:
anti t:..e interest coupons ~lereto attac~le~ to b:3 eX3li1'uted by '('~le
lit:1.o:::rapi1ed f'acsim..,le signatures of' t.n e l,.ayol" and t:1.3 City
Secretary, as of' the d:XL.~}ast a.bove_;J~tten. _
IL,.v~9-~fl/vl&~vJ
i~yor" City of La ~orte" Texas.
by its City SeC}.~etur~r E.:.Y1.d registered by its C:,ty Tre-.s1..1Z'er,
e.l1.cl -G.lis r!arrant to oe si[':ned by its l..ayor, c'Juuntersigned
G.01mc::l, has caused i '::'s corporate seal to be n:t'1'ixed ..lereto
or st~tutor, limitation.
:.: ~\! ".:1 T ..'.:'::::1::) '::B":R OF, The Ci ty of .L.I.... J."' 01:" to" bj- its Oi t,y
of rla'C'rlUlts of rklich thi. s is one, doss not exceed ar:.y oonst1 tut.~oilal
forrl1 :1nd manner, as :i,'0":luil"'ed by la';,', and taa t t::J.e entire sepi E!S
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OFFl CS OI:' COl...;.JTri OLLER 0
~
S'i'~!.'rr.: Oi-' TEXAS 0
I T!~R!lliY C'SI{TlPY that there is on file and of recorc: in
r;,y of1'ice a certificate of the Attorney Genera.l of t~le S'::'ate of'
Texas, to the effect that this \'.'arrant has been exanined by him
as required b~r la'ii, and the.t he finds t~lat it has been issued
in confromity ~ith the Constitution and ~aws of the State of
Texas, and tm~t it is a valid and binding oblig~tion u)on said
Ci ty of La POl:'te, Texas, and said 'iJarrant has t:li. s da~l been
recistcred by I;le.
l:ii tness l:Jr hand and seal of 1llY offi ce, at Austin, I'exas,
this the
CIa Y of
, 1935.
Gor::ptroller of ~.'ublic .t~ccounts 0'::-
. The State of Texas.
Section 11. It is furt.'ler ordained b-y' t.J.O City Council of
the City of La Porte, 'l'exas, that v.hile sr..id '.larrants, or any
of ~,.lem, are Ct~tstancling and unpaid, there s~ll be a!l.luall~.
leVied, asaessed and colle~ted, in due time, form and
!.1anncr, a tax upon all the taxable property in said Oi ty ~f La
?orte, sufficient to pay the current interest thereon and create
a sinkiX"..g fund suffi ci ent to pay e~~l.'l inst&11n:ent of 't.l e .:.)rinci :1al
as t '.le SD.;3 tccQ1,es due, and to pay. t.ae interest 011 sa::.d
'J-=;arrar.ts for t.le first year and to create a sinkine f'lmd. vIi th
r!~lich to pay t'le princi~al as tile sarae becomes due, t..lare is
~'lereby levi ed ::1 tax of' 20
Cents on eacn ~lOO.OO valuation of
taxable propel"':'Y in said Cit;) for'ti'le year 19::>5, and ti..e ua::,e
shall u:;: asses..;ed and collected ~nd appli ed to t~e l.Jvf\pos:J ramedj
al~d "chile said ',:arrants, or ElJ:1J" of '::'~leri:, arc ~ut.standinr: ...nd
l.'l.l1po.id, a tax ::"01'" e~ch Yt:l!;r at e. Nlte fro:!. year to yec...., us will
be an:ple and s, ffi ci ont to provide .:'u.:.'lds to p 8..y the CUl.J....OHt
interest on sal d bonds and to provids t.10 :leceSSi2..r~'- si:i:';:iJ.:g
fund, full allc)'1Jance beine I;lade ! or delinqus:r..ci es and costs of
collect:. on, she,ll I.:ie, and is J,lor0by l€.v.: ed f or each ~re8.r,
respecti vely, ~1ile sf::.id .:arrant s, or '11ly of tnern, arc
out standing and unpaicl, and said tax Sla 11 eac~'l year, )e as.;;essed
and collected. L.m applied to tne paj'lOlent of the inter'es'~ 0;:1,
e
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and principal of, said'warrants.
.,- -------.
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Secti on 12. It i s furt~ler o:::,dained t~"ll"(' all taXS.:1 in
process of c o:'..lecti~; for the benefit of the i S3ues 01' i"Jarrant s
hereby refundud, a.nd all moneys in the sinking fund for t:'le
ben.efit of said 'i!arrants, are hereby appropriated and transferred
to ~he sinkin[: fund of t"b.is issue of refimdins 'ilarrants.
Sccti on :'.::.>. It is further ordained tn.atT LX L ~1A1:'ytf r..on
the i~.a.yor of said City, shall be authori;(;ed to 'take and i'.i.ave
,
C:1aI'cre of all necesss.ry records psnd.ine; invcsti[;a tionQ'jT ti.1G
Attornsy General and saall take and ~~ve charee and control
of taa '~:rarrant s nerein authori 4 ed pending ti.l eir apprO'lTa}. by
,--. the Attorney General and registration by the Comptrollsr of
e Public 4CCOuntS.
Section 14. ~le fact that the beRt interest and General
i~~elfare of said City requires a read.iustll.ent of its fi:;lancio.l
affairs in orc:.ar tha.... it r.m;:,' 1J.l8et its obliga ti ons prort)t 1..~T,
creates an er:~erGency and c.:.n in.perati va public necessi t~i" t'.:a t
the rule requiril~ ordinances to ce road on t~ree separate
days before fi:~1al passaf'e be suspended, and such !'els :i.s..Lereby
suspended, a.nd it is ordcined tn.a t t L1i sorell l'l..ance s_laD, tai.:e
efl'ect and 1.e in 1'ot'ce iCI:lediately s.f:bGr its passti.ge aid
appl"' oval.
..--....
A:t-, It ov:m:
P.ti,.:>d'ED .i1..l.J.J oW? l'H OiiElJ t":li s t.ie 11 *'1 of 1;ebrua~:.n935.
'CWM~~'Vkr~:'~~)
.z II Haw! son
10.8. yoI', Ci ty of La lJoI'\.. s, lexas.
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:-~i~ S':7aT:J: O.:7...':t'<AS ~
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or TY or' Lil. F G-t Tr:; a
~
o or I::'TY 07 HA.tRI S D
I,
'1 ',I Rus t
, City Secretary of the City
of La :Corte, ':..~eJc:as, do hereby certify that the above a21d
foregoiZlg is f" true and correct copy of an ordinance pasJsd
by the Ci ty Council of said Ci ty on t':le
11 jJJ.ay of February ,
1935, authorizing the issuance of City of La ~orte rtofundil~
"iarrants, Series 1935, l'ihich ordinance is of record in tae ll.inutes
of said City Council.
-ait/ness F1 official signature, t:1i s the 11 t,n dil~' of
WQbr"C4T1Y
, 1935.
O:1ty
~
/ '
I .. Rust ~
secretary,~ ,,>'orte,
Texas.
.,...-' -'-
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1 J.:A~' i.":I.i.L {~T.L .1'~".:;:'l.T.
I. T.!.J-.:I~JI~'. V:~1~U:E.
:o~c~eod velacD of real cstbte for the your 19~4,
(j(: ~:~,mm 'b~' 1::.13'~ ap:?rove:d e."' cc[;c:t:cnt toolle.
;"C~ 8:"1:::-C vel':Jer. of p~!"C:l')rt,l :!,!:;' 0 fC I1i:' r:.~ the ~tcnr
'~:~':;,1 ~~ :::h ::1'..11 ':J1 lc&t El),roved c880csmellt rol1e:;
" I. :.f ~
.! ,,'.I. i... .1_
.
.
.
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. ..;1,412,49'1.00
. . . . .'"
.
.
:U. C~:J gi;L'..L 'f..._ 1 i,t.!l' , :t:::..;.~:~I/LD
,:'01' IJ~5.
.
.
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CL;'!c:":.l ~'cx .'.cvy for 1955. .. . . .
. .
HI. .Jc.,~jDlD I!\ii:Flj'l'IDl',,:-,ES.
(a) City 0::' I.a Porte ~,atel"'t orIefl Senda, deted
I..ovembe:!' lO,19~~5, be~7.":l.n'j 6'. in~erefjt ~er ann'Wil, !ootu!'lJ:'13
eerially ,:,'1,000.00 ~n "prll 10,1928 , snu ~1.000.00 on
.i~prll lOth of E'!~cb a1ttlrrr..ate yoar therS'after up to and In-
eluuing thf> yocr 1914, m::d ,~Jl,OJO.OO on ~l_;>rll 10th of each
yeel' therol\l'ter U''l to ~~r.d lnc1uciiDG tho year 1965, E!nount
cr1,Binel1y l!"!lue~, ..::0,000.00. eIllO'...!lt of thio 1r;f:]ua
cutfl"te~dlng . .. . . . . . . . . .
(b) C1t~,' 0::' !..:'. :?orte r.ei'\mdill8 Bor-ds, dated
December 10, 1~~9, be(.r1ng 6% interest per annum, rne.t~rlng
ssr:lal1y "l,OJO.OO O~, ..,.pt.n 10, 1951 ~:nd, 1,000.00 on
Apr.ll 10th or eeeh 81tern~te year thereElfter up to and 1~,-
clu,3!nl5 the tEla!" 1960, and ~l,OOO.OO on .b.prll lOth of eaoh
yaa:r.th0ree~tci~ durinc; tho years 1961 to 1969, inclusive,
8:':l011flt orl!lnef1y issur.d, \f25,OOO.00, af10'i),nt of this
i3S11C outct.sndlnc;. . . . . . . . .. ...
(c) C1t~r of' 1 e forte Se~i~r 'Jonda, t1~\.cd Jlinuory 10,
1:~~(), bOt;rin~! C:' interest -per annum, meturlnAJ seri!:'.lly,
';;"l,()OO.OO on :..,rtl lOU or. each of the yarra 1332 tu 1946,
lnc].uslve, \,~2,OJO.OO on ii"lrll 10th 01: each ot the yesre
1J47 to 1ge~, inc1uE1v;J,~,OOO.OO on .i~!>r11 10th oC" ooch
o~~ t;he ym:rs 1.;Ul tc 1939, incluolve, Drl'\Ount oriGinally
it~s\lea, \,10,000.00, to! count of' tlti~ leoue outstondlns .
(d) Cit~r 0:" l(~ 'Forte .;~ter-.'torl=El Do:nds, er:tp,d
JcnU8":jl' 10, 1~~0, 'be:erlng 6..1 interest por e.fJJlUlD, maturing
sE,r2,a11y .~l,00J.OO on ...)')1"11 10th of ('oeh of. the yearn 19~4,
1~1~€1. 1941, 1944, 194'1. 1950, 1953, 1955, 195'1, 1959, 19tH,
196~I, 1965, 19~7 '.,ud 1:10), omwnt ori~inal1y lcBued,
~15,OJO.OO, amount of ~hls tasue outstanding. . . .
(e) City ot La Porte City lie11 end Fire ~:tetion
:3ond,s, dated January 10, 1930, bearing 67t interest per annum,
m~turing ce~i611y ~1.060.00 on ~prl1 lOth of Bach or the y~ars
H'3S,1940,1945,1949,1903, 1'35'1, 1961, 1964, 196'1 and 1969,
e.rr.ount orl~ina11y lssueu, ';;10,000.00, amount of thi:.. lusue
Ot,tstauc11ng. . . .. . ........ .
(t) City of l.ci Porte ftreet Improl'ement Bonos,
deted January 10,1970, bee.ring 6~ interest per annum, maturing
ser1a11y ~l,OOO.OO on Lpri1 10th of each of the years 1941,
1949, 195'1, 1963, and 1909, amount originally losuea , ..;5,000.00
EYOunt of.' this 1sfl1:e outstanding . ..
..' Ull,aL. .
.
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. .. 1,412,48'1.00
.
1.50
.
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21,187.30
{ 138,000.00
.
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. "
':'0,000.00
r
..,;-1
15,000.00
.
. ,..
10,000.00
v 5,000.gg
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(..11 02 .~:~~C "crc.;:~.'...-:lr,~ dcsc;"'1beeJ bouiied lnucbtodr.cos has been
:re:t'-undeC b;:{ t;tD 1 cs~e of City of La Porte :~~fundi;.J,Z .:Jonda, d(~ taa
LJc.tob~:r 1:1" 1 J::;<:. )
~.....
IV. . .&.ivAl; ";.G .I.I~:,)~:.
~c} City ot' Lu llorte ~treet Pcaln.s .;ar:L"Unt8, . cries
ot 19~7, C:. t~1. C:ctobCl' 10, 19:::'7, 'beC",:,:'in;;~ 6,: ill'tC:"'O;.J'\i, (...aunt
1)l"j,:lnc~',:7 i..:'~:.;.cd, 'J( ,1::l3.2G, t.i.;\CUllt o~. this iCI.:lue ()utt:i;(.:rl(ji~~~,. ~'2,lG[,.,~n
{'bj :;it~r o' r,~ Po!'te . un:3,lng l.EJ.rr&nte, ~&tod July
1.91.6, bl';~~.'ir~: r: int(,::i.:l~:t p~::' :;;.~nu::', c '"ji..!;'j,; o:.:..1"':';':1:"U~'
:I. se:ueC" :l~J,:~~a.~J" ',',: .cu;~t ~., l'l~ic i::cuc O".ltatHn:.!il.'1;'~ .
.,;"
....."
':':~,500..00
(c) <at:' of' Lc. ,'ona ~'(mcr "QI'rCJntG, :. crieL.: 1~:~1,
t.etetl /'U'::~2t. It:, L~:"11, :)(-'::~..b!,1 G;' lnt:::rGist ,or e.:nrl';.iU.
~CUDt o~i3inQ!ly iseu~d, ~9,~~5.e~, Dr-aunt of this lcouo
outE~c~~i~~.. ......... ..
:.. J.?~(;. 69
o ~13,987.Ql
(All 0:' snit nbove deeCl'lbttl warrtlntEi bt\'1c been r&~'uneOQ into
:,~erunf.11"'''; ,.z~[;~ts,~':c?lo& 10::5, a~,tcd Jot:.uory 10,1936.)
u...r,t.t;, (:-t)t oe. . due _,
beerirV,: __/ iratlf'rm)t pp-r Gr.nu-o, total' a:..ount-outstoDc.fins. .
.~f. .(~~t4'-. ~
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I ht::reby ce-rtH'y thf't the t!hove nttlt~m{;nt :Of, to the :I,ndebtedness
of 1!')C'.ld City of 1.a !)orte, Tex( a, IE:! true mH: corroot 01:.. ahov,1'1 by the recorus
o:r' I~? of rica.
19315.
l"1.trcos ;TJY 0:' f'icial s1nneture, this t}l:.~j t doY' of..~~
, ~;/Lt2~-_.__
Ulty r:'J."E:ar:t:~er, CltJ;' of J/(; :, O~:iO, .'e::ea.
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I hereby certify tbat t~a ubove una tore~oi~~ ctotcno~t nT.hlb1ta
a t:r'Utl cn{"~ cOJ.',!'~et CCCO~\!It 0:.' ths IndobtednoOEJ 0:'::' tho aold City of
Lr. ~.ot'tell r!lc:"::.'~, ot ever; C!harccter c~'.1st1nr. oft the .J.Jtb dcy of
"c'br'uary, 19~5, os Sh07:!1 ~Y' thf. rocol'ds o~' my off ice, 3.1": (;.160 a
correct Ftotemm:t of tb::l tm~eble values of. said City ear; ehcr.;n by the
aeeeeSt:ior.t roUe lOl:t f"~'I')'roved.
GIV.;JD l,n(er r:;r h~!nd er..{] 8l!c.l t~e 6~31 of the sc;;1cl City of I.a,'orte,
.exes, IOn tl'is the ,_ __ C::lY of Febn'ery. 1935.
(f:9s1)
Tsxus.
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C:RTI~'IC~-l.:":; 01, 'lll,~ ,;)j,':>'':''1ilJ1.1 CL~'il~.
:-_i~ :::;:;:'.1.~ "::: C~. '~..:<.,,~ 0
o
COl;.L,j,,-Y u~. J~U.Li.._.s 0
I, , Clerl:: of t..'1e Ji;,:d:.r:lc.t
Court ill u.."1.d f J1' S6.id Gount~T" clo .aere-.;y cer'i:,ii'y 'L.:.'1a t S:i.llC::
tao orC.inanca as :;>assed 'uy tae City Uouncil of t.ae Ci~~T of
La :)or-...e, ':'lexa"J, to o.v.th.ori.!oe t/lle isS\..'!.a:l:lce 01' .J13,,887.91 Jf
-,:iarran'i:.a for '...~1e )nrpose of refundinc" cance1inc a:t1.d ::.j,l
lieu of ta.e Ci'...I~- of La Porte Six l'e1' Cent .3e';;er '.Ja "l-ants"
Saries 1931, d[~ted At.1gust 15" 1931" Elnd City of Lo. "'orts
Six ?3r Cent Street Paving '.~arrants, Series of 1927, datod
Octot~r 10" 1927" acd City of ~a rorLe Fmlding \~rrants, dated
July 25, 1916, no suits ha va been fi led and no sui ts are
no~ pending in t~is Oourt to set asiJe scdd ordinance or to
pre'l mt the issuance of' said W:.'.rrants, and triere arE" no
sui ts of any Idncl filed in lin-:J- ..ay affectir.:.r; ei t~l(~r SElid
ordinunce or tt.e issuance of sc-dd \'.c.rrants.
:-."it:n.ess ;:.:y ha.nd a.nd seEa,l of office, tais tL'1e
day of
, 1955.
Clerk 01' the District Court of
.iarris COtmty" ?exas.
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FINANCIAL STATEMENT.
I. TAXABLE VALUES.
Assessed values ot real estate for the year 1934,
as shown by last approved assess.ent ~olls. .
.
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.
. ~1,412,467.00
Assessed values ot personal property for the year
1934, as shown by last approved assessment rolls. .. .$
TarAL.
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II. GENERAl. TAX RATE AUTHORIZED
For 1935.
.
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General Tax Levy for 1935
. . . .
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III. BONDED IlIDEBTEDNESS.
(a) City of La Porte Waterworks Bonds, dated
Nov,em.ber 10,1925, bearing 6% interest per annum, maturins
serially $1,000.00 on April 10,1928 , and ~1,000.00 on
A:prU lOth of each a1tera.te year thereafter up to and in-
cluI:l1ng the year 1944, end $1,000.00 _ April lOth ot each
yea.1l" thereafter up to aDd inc1udins the year 1965, amount
ori.~ina11y issued, $30,000.00, amount of this issue
outlstanding. . .. ......... . . . . .. . .
(b) City of La Porte Refunding Bonds, dated
Decl!lIlber 10, 1929, bearing 6~ interest per annum, maturing
serjLa11y ~1,000.00 on April 10, 1931 and ~l,OOO.OO on
AprU 10th of each alternate year thereafter up to and in-
cluding the year 1960, and $1,000.00 on April 10th ot each
yt~al~ thereatter during the years 1961 to 1969, inclusive,
moullt originally issued, $25,000.00, amount of this
iltStle outstanding. . . . . . . .. .
.
.
.
.
.
(c) City of La Porte Sewer Bonds, dated Jauuary 10,
U150, bearing 6% interest per annum, maturing serially,
$1,C100.00 on April 10th of each ot the years 1952 to 1946,
inclusive, 12,000.00 on April 10th ot each of the years
1947 to 1960, inclusive, $3,000.00 on April 10th ot each
of the years 1961 to 1969, inclusive, amount originally
iesued, ~70,000.00, amount ot this issue outstanding. . .
.
(d) Ci ty ot La Porte Waterworks Bonds, dated
January 10, 1950, bearins 6% interest per annum, maturing
serially ~l,OOO.OO on April 10th of each of the years 1934,
1938, 1941, 1944, 1947, 1950, 1953, 1955, 1957, 1959, 1961,
1963, 1965, 1967 and 1969, amount originally issued,
~15,000.00, BlDcunt ot this. issue outstanding. . .
. ,.
.
(e) City of La Porte City Hall and Fire Station
-'... Bonds, dated January 10, 1930, bearing 6% interest per aDllum,
maturiDg serially :gi1,000.00 on April lOth ot each ot the years
1935,1940,1945,1949,1953, 1957, 1961, 1964, 1967 and 1969,
&mou'o.t originally issued, ~10,000.00, emount ot' this issue
outs'tand1ns.. .............
.
.
(f) City ot La Porte Street Improvement Bonds,
da'tel:l January 10,1930, bearing 6% interest per annum, maturlDg
serh,lly f1,000.00 on April 10th of each or the years 1941,
1949, 1957, 1963, end 1969, &mount originally issued, $5,000.00
amou:l1t ot this issue outstanding 0; · · .. ..
~"arAL.. .. ... · ·
.
.
. ~ 1,412,487.00
.
1.50
· \t
.
~ 21,187.30
.
~ 26,000.00
.
. $ 20,000.00
.$ 70,000.00
.
$ 15,000.00
.
. ~
10,000.00
. .,
5.000.00
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(All of the foregoing described bonded indebtedness has been
:rej~UDded by an issue of City ot La Porte RefUnding Bonds, dated
Oc1iober 10, 1934. )
IV. FLOATING DEBT.
(a) City of La Porte ~treet Paving Warrants, Series
ot 192'1, dated October 10, 192'7, bearing e% interest, amount
c)rj,gina11y issued, ~4,le2.22, amount of this issue outstanding, i2,162.22
(b) City of La Porte Funding Warrants, dated July 25,
191.e, bearing 6% interest per annum, amount originally
hSlued, f10,OOO.OO, amount of this issue outstanding. .. ..p2,500~QO
(e) City ot La Porte Sewer Warrants, Series 1931,
da1;ed August 15, 1931, bearing 6% interest per aunum,
EiJD.CiUnt originally issued, ,9,225.~9, amount of this issue
outstanding. . . . . . . . . . .. ...
.
~9,225.69
Tor}.!.. . .. ... . 113,887.91
(All of said above described warrants have been refunded into
Eefunding Warrants, Series 1935, dated January 10,1935.)
NOTES, dated , due ,
t'earing ~ interest per annum, total amount outstanding. . . f
,
I hereby c.rtitJ. that the above statement as to the indebtedness
of said City of La Porte, Texas, is true and correct as shown by the records
of :IDY' oftice.
193,5.
Witness my orficia1 signature, this the 'Q~h day ot FRhru8~Y
c!2;2:~fkport..
'lems.
I bereby certify that the above and toregoing statement exhibits
a true and correct account of the indebtedness ot the said City ot
La PO~8, Texas, of every character existing ot the 11th day ot
lfcab]t'uary, 1935, as shown by t he records ot my oft iee, and also a
CC)r1:'eet statement of the taxable values of said City as shown by the
assussment rolls last approved.
Given under my hand and ud: the seal ot the 8aid City ot La Porte,
Tuxas, on this the 19th day ot February, 1935.
(Seal) .
l-C:j;~~ .
City ::Secretary, ity ot La Porte, Texas_
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_';a",.:;" I:. I;... .. ...., )J./ .I....""':"'" ...;
1, I.,.. ~tunt, City ::ccl'etery of the City
0.1' l.u l'ano
o~' l.a ,~Jorte, ~:a:KelJ, horeby oertify, that the City ot
La ,>Ol.'tc Vise incorpornted Elo & city or town under
~lle U~Hlerol laws of the ftat e or I~"'esos (.nd UOae not
haV'~ u upeclel che.~t~~r.
-~;1 tness r"..y bene end seel of soid 01 ty, this
the 19th day of llc'bruary, 1925.
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