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<br />ORDINANCE NO. 435
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<br />e AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM
<br />TAX FOR THE YEAR 1952, OF AND N! THE RATES OF $1.50 ON EACH $100.00 VALUATION OF TAX-
<br />ABLE ]:!iOFERTY IN THE CITY OF IA PORTE FOR THE PURPOOE OF PAYING THE INTEREST ON, AND A
<br />SINKnrG FUlm FOR, THE REDEMP.rION OF "CITY OF LA PORl'E REFUNDING BONDS, SERIES 1934",
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<br />i'CITY OF LA PORTE SEWER FUNDING BONDS, SERIES 1938', "CITY OF LA PORTE SE\Th'R REFUNDnm
<br />BONDS, SERIES 19L,4", .AND "CITY OF LA PORTE WATER SYSTEM REFUNDDfG BONDS, SERIES 1~6tt,
<br />ItCITY OF LA PORl'E STREET lMPROVEMElill' BONDS, SERIES 1949't, AND "CITY OF LA PORTE GARBAGE
<br />mc INE:RATOR BONDS. SERIES 1949", AND FOR PAYING CURREnT EXPENS ES OF SAID c:rr Y.
<br />BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LA PORTE, TEXAS:
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<br />Seotion 1. There is hereby levied and shall be assessed and oolleoted for the
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<br />_ 'year 1932, on all the taxable property in the City of r. Porte, Texas, on the 1st day
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<br />" of January of the year 1952, an ad valorem tax of, and at the rate of, One am 50/100
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<br />Dollars ($1.50) on eaoh One Hunired Dollars ($100.00) valuation of taxable property
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<br />in said City, estimated in laWful ourrenay of the United States, far the p.u-pose of
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<br />p~ing the int erest on, and a sinking fund for the redemption of, One Humred Forty-
<br />Eight Il'hous and Dollars ($148,000.00) "City of La Porte Re:f'unding BODds, Series 1934",
<br />Eleven Thousand Five Hundred Dollars ($11,500.00) ItCity of La Porte Sewer Funding Bonds,
<br />Series 1938", Twelve Thousand Dollars' ($12,000.00) 'tCity of La Porte Sewer Refunding
<br />Bonds, Series 1944", r-nty-Two Thousand Dollars ($22,000.00) "City of La Porte Water
<br />System Ref'lmding Bands, Series 19+6", Seventy-Five Thous and Dollars ($75,000.00)
<br />nCity I)f La Porte Street Improvement Bands, Series lSiJ.9", Twenty-Five Thousand Dollars
<br />e. ($25,000.00) "City of La Porte Garbage IncineratOr Bonds, Series 194.9", and for paying
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<br />curren"; expenses of said City, and levied as follows, to"'Vtit:
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<br />(SI) There is hereby levied a tax of Twenty-Beven Cents (.27) on eaoh One Humred
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<br />Dollare: ($100.00) valuatim of taxable property in the City of J..a Porte for the year
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<br />1952, 1'01' the purpose of paying theourrent interest on, and to provide the necessary
<br />sinking .f\md for, the One Hundre"d Forty-Eight Thousand Dollars ($148,000.00) nC1ty of
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<br />La Porte Refunding Bonds" issued in the year 1934, and the same shall be assessed
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<br />and collected and applied to the purpecs e named.
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