HomeMy WebLinkAbout1954-05-27 Special Meeting
MINUTES - SPECIAL FETING
LA Pt~TE CITY COR~ISSION - I~..AY 27TH, 195.
10:30 A. M.
Special. meeting of the City Commission was called to order by Mayor M.D.
Burgir_~ with the following members and city officials present: Commissioners
L. R.Rigby aril Harold P. Pfeiffer, Special Attorney Jno. S. Kiibler? and Ci~ly
Clerk J. E. Muldoon.
The purpose of this meeting was to pass refunding bond ordinance on X20,000
City of La Porte Stred; Improvement Refunding Bonds, Series 1.9511., prescribing
the terms and conditions thereof, and levying taxes to pay the principal and
interest t hereon, and to pass Ordinance No. t~68.
The Mayor introduced an ordinance, No. 167, which was read in full. Commiss-
ioner Rigby made a motion that the ordinance be adopted as read. The motion
was seconded by Commissioner Pfeiffer, and carried by the following vote:
AYES: Burgin Rigby, Pfeiffer. NOES: None. The Mayor declared that the
ordinance had been finally adopted. The ordinance thus adop ed,follows:
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AN ORDINANCE AUTHORIZIAIG THE ISSUANCE OF 20,OO0 CITY OF LA`G`-~'~
PORTE STREIaJT IMPROVEMIlVT REFCENDING BONDS, SERIES 19,~~.; PRE-
SCRIBIPIG THE TEft~SS AND CONDITIONS THEREOF; AND LEVYING TAXES
TO PAY THE PRINCIPAL AN.D INVEST THII~EON.
The Mayor introduced an ordinance, No. 1,.68, which w as read in full. Commiss-
ioner Rigby made a motion that the ordinance be adopted as read. The motion
was seconded by Commissioner Pfeiffer, and carried by the following vote:
AYES: Burgin, Rigby, Pfeiffer. NOES: None. The Mayor declared that the
ordinance had been finally adopted. The ordinance thus adopted follows:
AN ORDINANCE ORDERII~TG THE I,~Eh2PTION GF FOUR ONE THOUSAND DOLLAR
(~1, 000.00) U. S. SERIES F BONDS OINNEp BY CERTAIN INTEREST AND
SIPIKING FUNDS; THE DEPOSIT OF THE PROCEEDS THEREOF INTO SUCH IN-
TEREST AND SINKING FUNDS; TRANSFERRING TES BALANCES TN CERTAIN
ITdT~?.EST AND SINKIlVG FUIu'DS, WHICH HAVE BEEN MA.INTA.INID FOR THE
CITY OF LA PORTE BOND ISSUES WHICH HAVE HERETOFC.FtE BEIN FULLY
PAID BY THE CITY, INTO THE STREET IMPROVEl!~iE~IT FUND; ORD..' .ItdG ALL
?CONEYS COLLECTED IN THE FUTURE, VTHICH OTHEEI4~TSE WOULD B E DEPOSITED
ITd THE INTEREST AND SINKING FUNDS OF SAID BONDS ?~tHICH HAVE BEEN
FULLY PAID, TO BE DEPOSITED INTO THE GENIRAL FUNDS OF THE CITY;
APPROVINCx AND RATIFYING THE TRANSFER OF THE FNE THOUSAND DOLLAR
(5,000.00) TIME DEPOSIT BELONGING TO A CERTA.713 INTEREST AND SINK-
ING FUND IIJTO THE' STREET INPROVEh~TT FUND; PROVIDING THAT ALL
O:~.DINANCES, RESOLUTI02dS AND PARTS THEREOF WHICH ARE IN C02dFLICT
H~tEb'VITH ARE HEREBY E~RESSLY REPEALED.
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Motion by Rigby second by Pfeiffer, that the meeting adjourn.
Carried.
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. ocm, o. y e gin' a or e y o
of La Porte, Texas La Pate, Texas