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<br />e <br /> <br />e <br /> <br />REVENUE BOND ORDIHM-TCE <br /> <br />.', . <br /> <br />NO. 400 <br /> <br />~ <br /> <br />THE STATE OF TEXflS l <br />ootmTY 'OF HA..l:JRIS 1 <br /> <br />1'h0 City COIlIl':l.it;:sion of the City of to. Porto, Texa.s, met in <br /> <br />rogulur <br /> <br />:session at the City F'c.ll l"!ithin said City on the 20th da.y of Jul,y, 1950, with <br /> <br />o:;he follovJing m.embCl'S presont, to...vdt: <br /> <br />H. J. Pfeiffer <br />Jc.mes S .Crete, Jr. <br />J. E. IJ1uldoon <br /> <br />Mayor <br />Commisoioncr <br />City Clerk <br /> <br />~'n:em th0 following tudnoss 17a.S trnnsa.oted: <br /> <br />The lliyor intre,duced an. ordinanoe v.rhioh vms rec..d in full. Comm5oGsioner Jus. <br /> <br />e 8. Crute, Jr., llUlde n. motion that the ordinanoe be a.dopted us read. ~(lhe motion <br /> <br />t'rn.s seoonded by ]~cr H. J. Pfeiffer !.:.Ild ourried by the following vote: AYES: <br /> <br />lio.yor Pfeiffer, COIllIll,issioner crate. NOES: None. '!'he ordinance thun n.cJ.opbod foll... <br /> <br />Clvm: <br /> <br />Al.! ORDIN~L.JCE AUTHORIZING THE ISSUANCE OF A ~~lOO,OOO Df- <br />STALUJEIJT OF A f;Soo,oOO ISSUE OF Vl.\TER'.'IORKS AND SE\'\IER <br />SYSTEll R?7EJlmE BONDS; MAKING ?ROVISION FOR THE P,AY1m\1T <br />OF ffin:!C I:?JU, AliID INTEREST TEEREON. <br /> <br />';JHERE.t.s, c.t an nlection held in the City of La Porto, Texas, on the 21st <br /> <br />do;y of Fobr~, 194.8, more thOll Q. mu.jority of tho duly qunlified roe1der.t eleotors <br /> <br />tiho o\".rn taxuble propurty within sa.id Oity and V!!lO hod duly rendered tl'le E:~e for <br /> <br />tr"xc.tion voting a.t s(,id eleotion voted in fa.vor of the proposition of isnuiDg <br /> <br /> <br />e fl:~oo,oOO ,m.terworks cystem revenue bonds and tt300,000 sewer system rC.I1\:Jn~e bonds; <br /> <br />roro <br /> <br />'~'JHEn.s.as, the ref: olution l'.nd order oalling sa.id elootion provided if both pro- <br /> <br />pl)sitions for the iSf:uonoe of sa.id bonds 1"rere o.dopt;ed, sa.id City Commission should <br /> <br />hl:'..ve the right to is~ue oombined wa.ter\,,:orks and sewer system revonue bono.s k the <br /> <br />~lXimum. c.mount of ~:500,OOO.. and to pledge the ne't revenueEl of the \Omtvrwo!'kB end <br /> <br />SOl'Jer systom to the plyment of the prino.ipal of t"lld interest onsaid bondt::; ond <br /> <br />e <br />