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<br />. <br /> <br />. <br /> <br />. <br /> <br />ORDINANCE NO. ~~, <br /> <br />AN ORDINANCE APPROPRIATING FIFTEEN PER CENT. (15%> OF <br />WATER COLLlroTIONS FOR THE PURPOSE OF PAYING THE IN'.L'EHEST ON, <br />AND A SINKING FUND FOR, THE REDEMPTION OF "CITY OF LA PORTE <br />WATER SYSTBJ REFUNDING BONDS SERIES 1946", AND DECLARING AN <br />E;IERGENCY. <br /> <br />WHEREAS, the City of La Porte has heretofore issued <br />City of La Porte Water System-Refunding Bonds, Series 1946, in <br />the sum of Twenty-Two Thousand Dollars ($22,000.00), such bonds <br />are tax bonds but with the reservation that the City may pay the <br /> <br />same out of an,. other revenuesJ and <br /> <br />WHEREAS, the City wishes to provide an interest and <br /> <br />. <br /> <br />sinking fund necessary to pay said bonds and interest thereon <br />out of the revenue collected from the water system; <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY C~MISSION <br />OF THE CITY OF LA PORTE, TEXAS, that there is hereby appropriated <br />the sum of fifteen per cent. (15%) of all water revenue collected <br />during the fiscal year ending 1n 1948, for the purpose of paying <br />the current interest on, and to provide the necessary sinking <br />fund for, the said Twenty-Two Thousand Dollars ($22,000.00) City <br />of La Porte Water System Refunding Bonds, series 1946, and the <br /> <br />. <br /> <br />same, when collected, shall be applied to the purpose named. <br />An emergency exists constituting an imperative public <br />necessity t}~t the rule requiring ordinances to be read at three <br />several meetings be suspended and this ordinance take effect and <br />be in force from and after its passage and approval, and it is <br /> <br />so ordained. <br /> <br />Passed and approved this <br />A. D. 1947. <br /> <br />C) re; <br />the ~ day at <br />..... '1/ I <br />I ,J(,/ \" <br />l./~ i. r <br />f <br /> <br /> <br />, <br />,. <br /> <br />."\ <br /> <br />A1TEST :~' I ,( <br />. .\.. ~ (" ,jW.J,~ <br />City Clerk of the City of La <br />Porte, Texas. <br /> <br />- <br />