HomeMy WebLinkAboutO-1951-414
'co 'c~1C 1eca1l ty bJl- .l;he "::d:;torne~- General of '.,;e,Xc:;,s and r.lui1lc::"pal
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'C;!C fju:J.d ))1. G tinur ami Compti.l1;}' sul>ject to the unquclif _eO. C:PP::'ClV,;':
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and the sume :LS hereby uccep~ed. SU1d bonda shel: be delivered
~~O,OOO City of La Porte i'laterworks end Sc;\'Jer Sjrstem hev-
enue Bonds, gel"ies 1:,51, dated l':1urch 15, ::....:61, bct:.r:'_n~
:Lni:;eL'est ut; 'ehe races of' 3-1/4, 3-1/2~j pc::.' ::lil::1tm:, r.l'-ll:;ur-
i:Ll3; G.S _Jrov:....ded in the ord::"nunce uu'i;hor:i..z:.ng 'che uSSULmce
0:::' sG.id 'i:>onds a.do) i:;edfJY the C:~. ":,y Comr:L..ss~.Ol1 of ',:;l1e Ci C;jT
o,,~. Lt:. Porce, l'exus, on 'che 7'i:;h day of June, IS' 51,
described bonds, to-wit:
to purchase at a price of pur and accrued interest, the following
'l'hut .the propos:;.l of ))i ttmar und. COii1pc:m~,T, 3an fm ',:; on':' 0 , Texus,
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1'.:.' O~:,(!)ADrED by the C:i ty Co;mnisslon of t:le Ci t~T of L.:. POl"";':;c,
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1.~,. OlJ)L':J~lJCE A1'Jl~:i':Dil~G- SAL2 OF ~150, 000 Ci1j}Y O? LA 20l,-:i'~
_.."."'I,...-O.,.'7,~c: ".-) <:'''''-,'".'.;- SYS'T';:>nr,' }"''':r:;O-,TU'''' :"'0'.7""\8 S.,..,r:-_..".., 1'...5'
~.:...+.l.:-. ~~J .iL..'u.JI "".~l'J.! O.L!.VJ2ti.. ...~d'l L..L.:.V~J\: .-A .LJ ~~.,J, ~',d\.J..u':> j1....
follo:'Js:
sionc:i.~s j.ones Clnd .Burgin. HO:;S: L'one. rrhe oru,.nance 'i:;ht:s udo:9'::;e:i
c.:.do:9 :;cd <..:s read. 'l'he motion was seconded by COi";1nissionc:c'.M.D.Burs;1p
and c:ll"r).ed by the follolrling vote: i~YES: f.rayor l::fciffcI's Corm:Jis.-
made a motion that thu ordln~ncc be
=j,'hc III::l:yor ::..ntroduced
~GOmmiSS~one~ ._
un ord Lnance Hh:~ch i::(.UJ ree.d .J..n full.
when che fol10win~ business was transacted:
Nayor
Comm1ssioi.'lcr
Commissj,o~'lc:r
0i ty Cler~t
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ra@")lllll.r session a.t; the Cl'GY Hc:..ll wI thin s<:'~..d Ci 'cy on the 1.2/( ;
~ do.y 01'-9rL 0 ' l~ 51, with the follO>I~n3 "'embe rs ,J!'esen t ,
to-w:~~; :
E. J. Pfe.Lffcr
l'Tm. P. Jones
1',1. D. Burgin
J. :&;. r.luldoon
ihe City Commiss:on of the City of Lc.:. Pori:;e, Texas 3 net ~n
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I'll .l._ ~!L_.J. l/
ORDINANCE NO. 414
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La Porte, 'l'exas
, 19~;1.
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(SEAL)
A TTES'l' :
bond u ttorncys desie;nc:. ted bJT the purchaser.
PASSED und APPl1.0VED this m ~?l~_day of
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TIlE STATE OF TEXAS I
C~OtJNTY OF HARRIS I
C:IT! OF LA P<llTE I
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J~ RESOLutION AUTHClUZING THE crry TO BCRROW $"10.000.00 BY THE ISSUANCE OF THE TAX
JLETICIPATION HarE Fai THE BUDGET YEAR OF .1:9~1_-?2_..
WHEREAS ot has been made known to the City Commission or the City of Ie. Parte,
f'exas, that a necessity exists to borrow tunds :In the 8JI10unt of Ten Thousand Dollars
.'10,000.00) tor general administrative purposes 8ZId that sum amotmt is consistent with
the antioipated oollection or property tax far such year;
'WHEREAS, the First National Bank or La Parte, Texas, has exam.1ned. the finanoial
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status or the City 8Di is willing to make such lCl&UJ
NOW, '1'HEREFCRB, be it resolved by' the City Commission or the City of 1A Porte,
Texas that the City C:lerk be authorized to issue the negotiable note ot the City to be
designated "Tax Anticipation Note" for the budget year 1951~21 such note to be in the
principal 8IIlount or Ten Thousand Dolla rs '$10,000.(0) J to bear interest at the rate of
_.. ,~_ per oent per annum pqable at matlQ"ity, 8Di to be due 8Di ];ayab1e em. or before
the end at the fiscal year; that said not, be sold. by'the Director or Finanoe to the
sl!dd First National Bank or La Porte, Texas, at not less than I*r value. Vben such note
h..,s been signed by the Director of Finance and delivered to said Bank with a duly authen-
t:Loated oopy or th1B resolution, the indebtedness thereby evidenced shall be 1Ulq b1JJd.1Dg
a(~ainst the City.
PASSED this 5th day at July, A. D., 1951, by' a vote of 2
.AYm AND
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NOES. APPROVED by the Mayor and attested by the City Clerk em said date.
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A~~EST I
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. Cor. E. I/Iu oon, y rC r - -
City of La Porte, Texas
A~
. H... Pf , Ma3ror
ity Parte, Texas
This is to oertify that the above and tor~oiDg is a true am ccrrect coW or a resolution
~ssed and approved b;y the City Commission at its meet1ng held CD the 5th dq of Juq,
A. D.. 1951, as the same appears of reoord in the minutes of said meetiJJg, to oertify which.
witness lIl\' - and seal at office. 1- tf' () .. ~ ~
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