HomeMy WebLinkAboutO-1960-618
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ORDnrANCE: NO. ~/ J?
A.N OHDINANCE CONSENTING '1'0 P,UTHOIUZING THL~ ACQUISITION BY
rrr-Ii:;: COlYJlvlISSIONEnS COUnrr OF H/\HIUS COUNTY, 'ri'"i:XAS OF HIGHT OF t\fPS
FOR S'I'tITE HIGHVIAY 11.~6\'IITHIN rn-IE LHn'TS OF THE CITY OF LJ\ POR'TE;
PHOVIDING FOn R[~'l'EWrION BY 'THE CI'l'Y OF CON'l1HOL MID JUHISDICr1'ION
OVEH S/\1D H1GHHAY.
HHEREi~AS, the Commissioners COU1't 01' Harris County, Texas,
desires the express consent and authorization of the City of
La Porte to acquire ri
of way for State Highway 146 within
the limits of the City of La Porte, in accordance with the laws
of this sta ,and the City of La Porte desire to grant such
consent and authorization:
NOVI, 'I'I-IERi:<:F'OHE,
BE 1'1' OHD:-UNi<:D BY 'rI-m CITY COJVIIvIISS10NEHS OF 'I'I-IE Crry OF LA
POH'rE :
Section 1. The City of La Porte hereby expressly consents
to and atlthorizes the acquisition of by the Commissioner>s Cov,r>t
of Har>ris County, Texas, by purchase or> condemnation, in accord-
ance with the laws of the State of Texas, inter>csts in proper>ty
within the corporation limits of the City of La Por>te as may now,
or hereafter, be required, as
rmined by the Texas Hi2':hway
Commission, for State Hir,;hway 1)~.6, front lIJiI Stceet to State High-
. way 225.
Section 2. Pr>ovided, however, that ther>e is no intention
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by the enactment of this ordinance by the City of' La Porte to
relinquish, alter>, ame ,vary, affect or modi
:L ts rights in,
or jUI'isdiction of, said highway, or the control thereof, as
provided by law.
Section 3. This ordinance shall take ef' ct and be in
fOI'ce from and af tel' its pas sage, approval and pLJ.b licatj,on as
required by law.
this the ~ "day of' Septomber, 1960.
Passed and approved
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STATE OF TEXAS
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COnJTY 0.:.::' HA:tRIS
EESOLUTION AUT!,IOHIZING Tl,iE CITY OF LA PO;:;:TE TO BCl::ROvJ THE SUH OF THO THOUSAND
)OL1!-l~S ($2,000.00), TO BE ~JIDD~CED EY TAX Al~TICIPATION NOTE, PAYABLE arT OF
CURr'lENT TAXES COll,3CTED DURIEC TEZ FI:::iCAL YF.-:F..H BEGIIJllING JULY 1, 1960 AND ENDING
~n;-NE 30, 1961.
h1IEiP..Jl.S, it has been determined by the City Cornmiss:t.on of the City
of La Porte that a necessity exists to borroVl th8 sum of T'IJO Thousand Dollars
(::;:2,000.00), for generaJ. adm..inistrative purp')ses and that the anticipated cur-
rent revenue from ad va.Lorem taxes 1..i1l amount to a.pproximately THO HlJl'JDEED
'l''\''JENTY-THREE THODSAJ\fD THO HUND,JED DOLLARS (~,223,200.00);
and
1rJHEitEAS, the First Nat.ional, BarLl< of La Porte, Texa.s has agreed to
3,ke th,:=; City a loan in said sum, to be pClid, "ri th three per cent 0;-;;) per
J'J1U1Tl interest thereon, on or before th9 15th day of Febmary, A. D. 1961; and
1.rtIKlEAS, the City "nIl have current revenues from the co llection of
said taxes available and sufficient to pay s aid obligation at maturity:
NO\lJ, THEF(EFOiiE, BE IT HESOLVED BY THE CITY COIvIHI:3SION OF THE CITY OF'
LA POE(TE, TEXAS that the l1ayor ClCicJ the City ClArk (Director of Finance) be auth-
orized to issue a promissoI'JT note of the Oi ty of La Porte, to bs designated
"Tax Anticipation Note for the FiscB.l. Year begirming July 1, 1960 and ending
June 30, 1961", such note to be in the principal sum of Two Thousand DollEirs
1~(2,000.OO), to bear interest at the rate of three pCI' cent, 0%) per anmml
ntil maturity, with the uSI..1al provision for interest at the rate of six per
cent. (6:i{) per cmnum on past due principal and interest and ten per cent. (lO:t;)
attorney's fees, such note to be due and pa;rable on or before the 15th day of
F b 1 ", le6'l
eruary, t. 1.>. ') ,
that said note be sold by the City to the First National,
Ba.nk of La Porte, rrexas, at not less than par value. 'hThen such no to h'ls been
duly executed by the ['Iayor ~:md City Clerk and delivered to said Bank, with a
copy of this resolution, such indebtedness thereby evidenced shall be fully
birdinSLlDon the City; ard.
BE ITF'LfHTHER ;iESOL7W t.hat the City of La Porte hereby appropriates
and sets aside the sum of Two Thousand Dollars (:~:2,000.OO) out of' the current
8vem1es from the collection of ad valorem taxes for the payment of sll.ch in-
debtedness.
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MID IT IS SO Ol-fDERED.
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Approved and passed this the 3rd
day of November, A. D., 1960
by the Ci t~T Commission.
L{ /1)). ~~'?/ Sf}/ kL
/i', JfJ--;/' -;1 /
H. P. P EI
Mayor of the City of La Porte, Texas
\TTEST: , ~
. A:~ooG~~
City Clerk of the City of La Porte, Texas
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This is to certify that the above and foregoing is a true and cor-
rect copy of a resolution passed and approved by the City Commission at its
regular meeting hE:ld on the -1rd
day of November, A. D. 1960, as the same
8.:f:-pe3.rs of record in the minutes of said meeting, to certify \-Jhich Nitness my
/ ~:~'~G'B AAKE' ~..
~4 ~~I~,..l'. .~~
City Clerk of the City of La Porte, Texas
hand and seal of office.
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T1\.\ AHTICIPATIO;': NOTE
"'Qc " T'!" y~" . 11"i1!.n. ..~..
,tt:'l rl,,;~;, ,::_t;'.'~ ~~
FIJCAL YI;iU B;;;aINNING
JULY 1. 1960. rnDING JutE 30. 1961
r 2,(X)().OO
La Porte,., Taxa, NovERber 3M, 19{()
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The ~ty ot La Porte, Texas, acting by md thrO'l.1t,h its duly authoriaed
ofncers, for value receiVed, pl'OJlis.. to pq to the order of the F.1rst
Nat1on4 Bank of La Porte, Texas, the 8UII ot 1'wo Tbouaand Dol1ar8 (~2,OOO.OO),
with interest at. the rate ot three per cent. ()~) per annua, on or before tbe
15th d8\1 or Febft"', A. D. 1961.
All put due pr.lnc1pal and interest ehall bear interest at the rate
of six per cent. (~) per annum.
It 18 hereby spec1&1q agrfltld that it this note is placed in the
hmda of an ,qttomey tor collection, or if collected b:r suit or throueJ1 the
Probate or BClkrap\c;y Court, we agree to p. ten per cent. (10%) additional
on the principal and interest then due hereon, &8 attorner1" s teu.
A copy ot the resolution anthor1.sing the borrowine of the su, of
Tw 1'housand Dollars (t12,OOO.OO) and the lssuace of this DOte is hereto
attached.
CITY 01" LA PO:i.'I'g, 'nXAS
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