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<br />ORDINANCE NO. 389
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<br />AN ORDINANCE mOVIDma FOR 'tHE LEVY, ASSESSMENl' AND COLLECTION OF AN AD
<br />e VAU'REM TAX FOR THE YE~iR 1949, OF AND AT THE RAXES OF ~}1.50 ON EACH $100.00 VALUATION
<br />OF TAXABLE mOPERTY IN THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING TEE INTEREST ON,
<br />AND A SINKING FUND FCR, THE REDEMFTION OF "CITY OF IA PORTE REFUNDING BONDS~ SERIES
<br />19,1J,1t J "Crry OF LA PORTE SEWER FUNDmG BONDSlI SERIES 19,8", "cm OF LA PORTE SEWER
<br />REFUNDING BONDS, SERIES 1944", AND "C rry OF LA PORTE WATER SYS'fEM REFUNDING BONDS J
<br />SERIES 1946n, tiC ITY OF LA PORTE STREEr IMPROVEMEN11 BONDS, SERIES 1949", AND CITY OF
<br />LA PORTE GARBAGE INCU,1DRAT<E. BONDS, SERIES 19491t, AND FOR PAYING CURRENT EXPENSES
<br />OF SAID crry..
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<br />BE IT <RDAINED BY THE BOARD OF CWUSSIONERS OF THE CITY OF LA PORTE,
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<br />TEXAS :
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<br />Section 1. ~here is hereby levied and shall be assessed and oolleoted far
<br />the year 1949, on all the taxable property in the City of I.a Porte, Texas, on the
<br />1st day of Januazy of the year 1949, an ad valorem tax of, and at the rate of, One
<br />and 50,/100 Dollars (01050) an eaoh One Hundred Dollars ($100voo) valuation of "tax..
<br />ab:U, property in said City, est:lJna.ted in lawful ourrenoy of the United States, for
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<br />the purpose of paying the interest an, and a sinking fund for the redemption of,
<br />One Hundred Forty-Eight Thousand Dollars ($148,000eoo) IICity of La Porte Refunding
<br />Boncis, Series 1934", Eleven Thousand Five Hundred Dollars ($11,500.00) nCity at
<br />I.a .Porte Sewer Funding Bonds, Series 19,8" J Twelve Thousand Dollars ($12,000.00)
<br />"CH.y of I.a Porte Sewer Refunding Bonds, Series 19l44l1, I),'wenty-Two Thousand Dollars
<br />(~2:~,,000eOO) "City of I.a. Porte V/ater System Refundmg Bonds, Series 1946," Seventy-
<br />Fivl' Thousand Dollars (875,000.00) "City of I.a Porte street Improvemeub Bonds,
<br />Series 1949", Twenty-Five Thousand Dollars ($25,000.00) uCity of I.a Porte Garbage
<br />Ino:Lnerator Bonds, Series 19491i, and for paying current expenses of said City, and
<br />lev:Led as follows: to-\':it:
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<br />(a) There is hereby levied a tax of One Cent (.01) on eaoh One H'lmdred
<br />Dol:La:rs (Oloo.oo) value.tion of taxable property in the City of La Porte for the year
<br />194~h far the purpose of p~ing the ourrent mterest on, and to provide the neoessary
<br />sinking fund for, the Cne Hundred Forty-Eight Thousand Dollars (~l4B,000.00) "City
<br />of ::a Porte Refunding Bondsll issued in "the yea:r 19,4, and the s sme shall be assessed
<br />and oolleoted and applied to the purpose named.
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