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<br />e <br /> <br />It <br /> <br />.,;-Jtl1 <br /> <br />CITY OF IA PORTE WATER SYSTEM <br />REFUNDTIiG BONDS - $22.000.00 <br /> <br />'.lIRE STATE OF TEXAS <br /> <br />c: OUN'lY <br /> <br />OF HARRI S <br /> <br />. <br />. <br /> <br />CI'lY OF IA PORTE <br /> <br />On this ~t~day of 110'o.t'o,blt.r, 1946, the City Council <br />of the City of La Porte, in. Harris County, Texas, convened in <br />s':p~oiI.ai session at the Oity Hall in said City with all mmbers <br /> <br />thereof present, viz: <br />FRED R. RUFF, <br />1'. M. 1 OlRJgQl! <br />J. L. DUNHAM <br />GEORGE F. NORRIS <br />T. F. SMITH <br />J. J. ROARK <br />MRS. HARO LD H. SHARP, <br />Al.derm8lJ.-a.~ <br />Dinee enti tJ. ed: <br /> <br />Mayor <br /> <br />Jo N. JOhnson, Absent <br /> <br />City Secretary <br />Introduced an ordi- <br /> <br />" AN OBDDTANCE <br />OF THE CI'lY COUNCIL OF THE CITY OF LA PORTE. <br />TEXAS. AumORIZIID THE ISSJANCE or $22,000.00 <br />CITY OF LA PORTE WATER SYeI'EM REFUNDIID BONDS, <br />BEARING INTEREST AT TEE RATE OF 3% and ~ <br />PER ANNUM, FOR THE PURP OSE OF REFUNDING <br />.22,000.00 OF CI'lY OF LA PORTE WA~R SYSTEM- <br />WARRANTS; PROVIDI ID THAT mE HOIDERS 0 F THE <br />REFUNDING BONDS SHALL BE SUBROGATED TO AU, <br />'mE RIGHTS HEID BY TEE HomERS OF TEE ORIDINAL <br />WARRANTS REFUNDED '1lHB:IEBY; PROVImNG FOR THE <br />IEVY, ASSESSMEJ:.1r AND l,;OLLECTIO~ OF TAXES ON <br />ALL TAXABIE P R) PER TY WITEIN mE LIMITS 0 F THE <br />CITY OF LA PORTE. TO PAY THE INTEREST TEEREON <br />.AND CREATE A SINIUIU FUND VrrrH WHICH TO PAY <br />THE PRINJI PAL AT MATURITY; RESERVIID TEE Rm~ <br />TO PAY ALL OR A PORTION OF THE INTEREST AND <br />PRINCIPAL OF SUCH REFUNDING BONDS FROM FUNDS <br />DERIVED FROi'1 O'llBlER LlWFUL SOURCES; DECLARoo. <br />THE VALIDITY or 'rHE WARRANTS THAT .ARE BEING <br />REFUNDED; AND DEC IARING AN EMERGENCY." <br />The Ordinance was read in full oy the City Seoretary <br />aIld it was moved by Alderman t::fJ~ _ and secon.ded by <br /> <br />~, ' , . <br />Alderman ~ <br /> <br />that the ordinance be passed <br /> <br />OIl its fir st reading, wbi ch motio n was unanimous 1y carried, <br />Aldermen J:elmBBll, Dunham, Norris, Smith and Roark votizg AYE; <br />and no one voting NO. <br /> <br />'\ <br />