O-1949-373 - Laserfiche WebLink

Browse Search

.......------....." ~' / ,.......- --.... " f!. . ..--- "'. e I .~ ~ . .. . :1 . . A 'J ") Jlo. 373 ORDINANCE CANVASSING RETURNS AND DECLARING RESULTS OF BOND ELECTION THE STATE OF TEXAS J . . COUNTY OF HARRIS I The City Commission of the City of La Porte, Texas, met in special session at the regular meeting place within said city on the 18th nay of April, 1949, with the following members present,' to-wit: H. J. Pfeiffer James S. Crate, Jr. \..rilliam P. Jones J. E. Muldoon Mayor Commissioner Commissioner City Clerk when the following business was transacted: The Mayor introduced an ordinance which was read in full. Commissioner Crate made a motion that the ordinance be adopted as read. The motion was seconded by Commissioner Jones and carried by the following vote: AYES: Mayor Pfeiffer, Commissioners Crate and Jones. NOES: None. The ordinance thus adopted follows: ORDINANCE CANVASSING RETURNS AND DECLARING RESULTS OF THE BOND ELECTION HELD IN THE CITY OF LA PORTE, TEXAS, ON APRIL 16, 1949 WHEREAS, there was held in the City of La Porte~ Texas, on th 16th day of April, 1949~ an election at which was submitted to the duly qualified resident electors of said city who own taxable prop erty within said city and who had duly rendered the same for tax- ation the following propositions, to-wit: PROPOSITION NO. ONE SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $75,000, MATURING SERIALLY WITHIN TllENTY (20) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE NOT TO. EXCEED FOUR (4%) PER CENT PER ANNUM, FOR . THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: CONSTRUCTING AND IMPROVING THE ROADS, BRIDGES AND STREETS OF SAID CITY AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIEDlT TO PAY THE ANNUAL INTEREST ON SAID BOJlJDS AND TO PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT MATURITY.