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<br />ORDINANCE NO. 418
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<br />AN ORDINANCE PROVIDING FCR ~ lEVY, ASSESSMENT AND COLLECTION OF AN AD VALCREM
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<br />, . '", TAX FOR THE YEAR 1951, OF AND AT THE RATES OF $.1.50 ON EACH $100.00 VALUATION OF TAX-
<br />ABLE .PROlERTY IN THE ClT,Y CF LA PORTE FOR THE PORPOOE OF PAymG THE mTEREST ON, AND A
<br />SINKING FUND FOR, THE REDEMP.r ION OF "O!rY OF LA P<RTE REFUNDING BONDS, SERIES 19340.
<br />"CITY OF LA P<RTE SEWER FUNDING BONDS, SERIES 1938", "CITY OF LA PCRTE SEWER REFUNDING
<br />BQtIDS, SERIES 1~0, AND "CITY OF LA PORTE WATER SYSTEM REFUNDING BONDS, SERIES 1946",
<br />"CUI' OF LA PORTE STREET IMlROVEMENT BONDS, SERIES 1949',t, AND "Cll'Y <F LA PORTE GARBAGE
<br />INI~ INERAT<R BONDS, SERIES 1949't, AND FOR PAYING CURREN!' EXPENSES OF SAID C1l'Y.
<br />BE 1T ORDAINED BY THE BQc\RD OF COMMISSIONERS OF TEE CITY OF LA PORTE, TEXAS:
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<br />Section 1. There is hereby levied and shall be assessed and colleo'ted for 'the
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<br />yel'fr 19.)1, on all 'the 'taxable property in 'the Ci'ty of 1a Por'te, Texas, on 'the 18't dq
<br />.- - -", of January of 'the year 1931, an ad valorem 'tax of, and a't 'the ra'te of, One and. 50/100
<br />'. .I Dollars ($1.50) on eaoh One Hundred Dollars ($100.00) va1ua'tion at taxable property
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<br />in said City, es'ti.mn'ted in lawful ourrency of the United Sta'tes, for, the purpose of
<br />p~'i.ng the interest on, and a sinking fund for the redemption of, One Humred For'ty-
<br />Ei@;h't Thousand Dolla rs (t14B,000.00) "City of La Porte Refunding Bonds, Series 1934",
<br />Eleven Thousand Five Hundred Dollars ($11,500.00) "City of Le. Porte Sewer Funding Bonds,
<br />Series 1938", Twelve Thousand Dollars ($12.000.00) "City of I.e. Porte Sewer Refunding
<br />Bonds, Series 1944", Twenty-Two Thousand Dollars ($22,000.00) "City of La Porte Water
<br />System Refunding Bands, Series 15460, Seventy-Five Thousand Dollars ($75,000.00)
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<br />It ity of La Porte Street Improvement Bonds, Series 194.9"', Twenty-Five Thousand Dollars
<br />($25,000.00) "City of La Porte Garbage !noinerator Bonds, Series 1~9tt, and for paying
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<br />.. current expenses of said City, and levied as follows, to-wits
<br />(a) There is hereby levied a tax of Twenty-Beven Cents (.'i!'f) on each One Hundred
<br />Dollars (8100.00) valuation of taxable property in the City of La Porte for the year
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<br />195:1, for the purpose of paying the ourrent interest an, and 'to ~ ovide 'tle necessary
<br />sini'd.ng f'und for, the One Hundred For-ty-Eight Thousand. Dollars ($148.000.00) "City of
<br />La ]~arte Refunding Bonds" issued in the year 1934, and the same shall be assessed
<br />and oolleoted and applied to the Pllrpose named.
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