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....-......... " e /~ -' .....- --........ , - ".,-- "', tt, '. . ,1.1 L' .. ~'I ) ORDlNJJ!CE 1m. 370 ORDINANCE CALLING BOND ELECTION THE STATE OF TEXAS COUNTY OF HARRIS I . . I The City Co~ssion of the City of La Portel Texas, met in SpeGiaj, session at the regular meeting place within said city on the 29th day of Maroh , 1949, with the follow- ing members present, to-wit: H. J. Pfeiffer James S. ,Crate, Jr. James Stewart J. E. Muldoon Mayor Commissioner Commissioner City Clerk when the following business was transacted: , The Mayor introduced an ordinance calling a bond election. The ordinance was read in full and Commissioner C~~e moved that it be adopted. The motion was seconded by Commission~ Stewa.rt and carried by the following vote: AYES:. Mayor Pfeiffer, Commissioners Crate and Stewart. NOES: The ordinance thus adopted follows: None. BE IT ORDAINED by the City Commission of the City of La Porte, Texas: Section 1: That an election shall be held in and throughout the City of La Porte, Texas, on the 16th day of ApJl"11 1 1949, at which election the following propositions shall be submitted to the duly qualified resident electors of sa~d city who own taxable property within said city and who have duly rendered. the same for taxation, for their.action thereupon: PROPOSITION NO. ONE SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE1 TEXAS BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $751000, MATURING SERIALLY WITHIN TWENTY (20) YEARS FROP.l THEIR DATE OR DATES :AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR (4%) PER CENT PER ANNUM1 FOR THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: ' CONSTRUCTING AND IMPROVING THE ROADS 1 BRIDGES AND STREETS OF SAID CITY AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAr, INTEREST ON SAID BONDS AND TO PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT MATURITY. I ~ ~ '