HomeMy WebLinkAboutO-1946-326
.
e
......-...........,
e
-,---
''"'.
e
:~
'I
'I
;1
,I
,I
"
'i
,I
:i
!!
:1
.,
I,
:1
"
.
e
ORDINANCE NO. ~:l.t
AN 0 IDIKaNCE APPROPRIATING FIFTEEIJ PE~ CE:i.\TT. (151&) O?
I
!r/ATER COLLECTIeNS FOR THE PlJRPOSE OF PAYING THE J]~TEREST ON, AHD A
,I'
!!3INKHIG FUKD :fOR, THE RED~,lPTION OF "CITY OF LA PO.:tT:E ';:l.ATK~ SYSTEM
~ I
jiREFUNDING BOND~l SE3IES 1946", AND DECLARIl\!G AN m1:ERGENCY.
,I
'I f:HE~3.. the City of La Porte has heretofore issued Con-
:j
:itractor I s l~:arrant s in the sum. of T1l1enty-Two Thousand Dollars
II
'I
i~22,COO.OO) fo~ water system improvements; and
II
II
:1 V!HE~S.. the City of La Porte contemplates and intends to:
Ii j
ilrefund certain warrants and to issue City of La Porte Water System
!I
I
,jRefunding BondH, Series 1946, in the au'll of Twenty-Two Thousand
I,
;!Dollars (~;22.. 000.00), such bonds
to be tax bonds but with the reser~
I
I
"
iivat10n that tht3 City may pay the same out of any other revenues;
~ I ..
;:e.nd
j
'I
~ !
I'
,
~v.HER3AS, the City wishes to provide ~n interest and sink-!
I
,
,
I
'I
/ing
,I
"
:ithe
i:
fund necessary to pay said bonds and interegt thereon out of
revenue collected from the water system;
,:
,
..
;
I
NO~, THEREFORE, BE IT ORDAINE~ BY THE CITY COUNCIL OF THE
i:CITY OF LA PO~~E, TEXAS that there is hereby appropriated the sum
"
,!of fifteen per cent. (15%) of all water revenue collected during
I!
'ithe fiscal year' ending April I.. A. D. 1947, for the purpose of pay-:
I!
:~ing the current interest on, and to provide the necessary sinking
!,
'I
:ifund for, the t1aid Twenty-Two Thousand Dollar (~~22,000.00) City of .
,
;iLa iorte Water System Refunding Bonds, series 1946, and the same,
"
;when collected, shall be applied to the purpose named.
,I
,I
J!
,
An emergency exists constituting an imperative public
:,necessity that the rule requiring ordinances to be read. at three
:i
;~severa1 meetings be suspended and this ordinance take effect and be.
i'
llin force from and after its passage and approval, and
;:ordained.
!,
it is so
Passed and approved this the I~~day of Octobor, A. D.
\ 946.
,
. ATTZST :
~.
. Secretary
If exas
L