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<br />ORDINANCE NO. 353 <br /> <br />AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND <br /> <br />COLLECTION OF AN AD VALOREM TAX FOR THE YEAR 1947, OF AND AT THE <br /> <br />RATES OF $1.50 ON EACH $100.00 VALUATION OF TAXABLE PROPERTY IN <br /> <br />THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING THE INTEREST ON, <br /> <br />AND A SINKING FUND FOR, THE REDEMPTION OF "CITY OF LA PORTE RE- <br /> <br /> <br />i: FUNDING BONDS., SERIES 1935", "CITY OF LA PORTE SEWER FUNDING <br /> <br />" <br />II BONDS, SERIES 1938", "C;ITY OF LA PORTE SEWER REFUNDING BONDS; <br /> <br />I <br />I S1."'RIES 1944" AND "CITY OF LA PORTE WATER SYSTE)f REFUNDING BONDS, <br /> <br />!j SERIES 1946", AND FOR PAYING CURRENT EXPENSES OF SAIn CITY. <br />" <br />., <br />i~ BE IT ORDAINED BY THE BOARD' OF COMMISSIONERS OF THE <br />'f <br />I. CITY OF LA PORTE, TEXAS: <br /> <br />Ii <br /> <br />'i ed and collected for the year 1947 on all the taxable property in : <br />.1, <br />;1 the City of La Porte, Texas, on the 1st day of January of the ye"ar; <br />:1 . <br />'I <br />;; 1947, an ad valorem tax of, and at the rate of, One and 50/100 <br />it <br />.; Dollars ($1.50) on each One Hundred Dollar ($100.00) valuation of <br /> <br />1I <br />i: <br />I) <br />I: <br />;\ <br />I; <br /> <br />If <br />.' <br /> <br />e <br /> <br />e <br /> <br />Section 1. <br /> <br />i <br />There is hereby levied and shall be assess-: <br /> <br />taxable property in said City, estimated in lawful currency of <br />the United States, for the purpose of paying the interest on, and <br />a sinking fund for the redemption of, One Hundred Forty-eight <br />Thousand Dollars ($148,000.00) "City of La Porte Refunding Bonds, <br />!, Series 1935", E1eventThousand Five Hundred Dollars ($11,500.00) <br />"City of La Porte Sewer Funding Bonds, Series 1938", Fifteen <br />Thousand Dollars ($15,000.00) "City of La Porte Sewer Refunding <br />Bonds, Series 1944", Twenty-two Thousand Dollars ($22,OQO.00) <br />"City of La Porte Water System flefunding Bonds, Series 1946", and <br /> <br />>i\ <br />I ! <br /> <br />for paying current expenses of said City, and levied as follows, <br /> <br />to-wi t : <br /> <br />) <br /> <br />(a) There is hereby levied a tax of Fifteen cents <br />(15~) on each Ond Hundred Dollars ($100.00) valuation of taxable <br />property in the City of La Porte for the year 1947, for the pur- <br />pose of paying the current ibterest on, and to provide the ne- <br />cessary sinking fund for, the One Hundred Forty-Eight Thousand <br />Dollars ($148,000.00) "City of La Porte Refunding Bonds" issued <br /> <br />: <br />I <br />i <br />I <br />II <br />