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<br />ORDINANCE NQ. ~41r;_
<br />
<br />j, , :,
<br />'AN ORDINANCE P1\OVIOING 'FOR::-THE LEVY, ASSESSMENT AND C(lLECTION OF AN AD VALOREM
<br />TAX FOR THE Y~R 1954, OF AND AT.. THE RATE OF ONE AND 15/100 DOLLARS ($1.15) ON
<br />EACH ONE HUNDRED D(lLARS ($100.0M VALUATION OF TAXABLE fROPERTY IN TilE CITY OF
<br />LA PORTE,F:OR rpE PURPOSE OF PAYING THE INTEREST ON, AND A SINKING FUND FOR, TIlE
<br />REDEMPTION OF 'rCITY ,OF LAPORTE REFUNDING BONDS, SERIES 1934", "CITY OF LA PORT
<br />WATER SYS'l'.EM REFUNDING BONDS, SERIES 1946" . "CITY OF LA PORTE S'l'REET HlfROVEMEN
<br />BONDS, SERIES J 949", "CITY' OF LA PORTE GARBAGE INCINERATOR BONDS, SERIES 1949",
<br />"CIT'Y OF L,A PO.TE 'STREET IMPROVEMENT BONDS, SERIES 1953-A", "CITY OF LA PORTE
<br />CITY HALL' BOND~, SERIES 1953" AND "CITY OF LAPORTE STREET REFUNDING BONDS,
<br />SERIES 1954", AND FOR PAYING CURRENT EXPENSES OF SAID CITY.
<br />
<br />.i ,
<br />BE IT,! ORDAINED BY' THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS
<br />
<br />THAT:
<br />
<br />Se~tion 1. There is hereby levied and shall be assessed and collected
<br />, for the year 1954,oD all the taxable pr~perty in the fiity of La Porte. Texas
<br />, on the 1st day! of January of the year 1954. an ad va.lorem tax of, and at the
<br />
<br />.;
<br />
<br />rate of. One and 15/100 DoHars ($1.15) on each One Hundred Dollars ($100.00)
<br />valuation of tijaxable pr~perty in satd City, ,estimated in lawful currency of the
<br />,I
<br />United States.' for the purpose of paying the interest on, arid a sinking fund
<br />for, the ,redemption of, One; Hundred Forty-Eight Thousand Dollars ($148,000.00)
<br />"City of La PO"rte RefUnding BondS. Series 1934", Twenty-Two Thousand Dollars
<br />i ,
<br />
<br />($22,000.00) li'City .of La Porte Water System Refunding Bonds, Series 1946".
<br />, :r ,
<br />Seventy-Five T~ousand Dollars ($15.000.00) "City of La Porte Street Improvement
<br />'i
<br />Bonds, Se,ries i~ 949\ Twenty-Five Tnousand Dollars ($25,000.00) "City of La Port
<br />l '
<br />Garbage Incinerator :Bonds, Series 1949", Two Hundred Thousand Dollars
<br />
<br />~ .i"
<br />
<br />($200,000.00) tCityof ,La ,Porte Street Imp;rovement Bonds, Series 1953-A",
<br />,i
<br />Twelve Thousarf Dolhrs ($12,000.00) "City of La Porte City Hall Bonds, Series
<br />
<br />1953" and Twen~y Thousand Dollars ($20,000.00) "City of La Porte Street Refund-
<br />i
<br />ing Bonds,' SeIles 1954" and fOr paying current expenses of said City, and 1evie
<br />I
<br />as follows, ttwit:
<br />
<br />1 .'
<br />(a) fhere is hereby levied a tax of twenty-nine cents (29~) on each
<br />j.j
<br />One Hundr,ed D11.a15 : ($100.00) val uation of taxable property in the City of
<br />
<br />La Porte tor t~a yeu 1954,. for the purpose of paying the current interest on1
<br />! : '.~
<br />and to pr():Vi.d~~ the n,ecessary sinking fund for, the One Hundred Forty-Eight
<br />
<br />Thousand, DOllars ($148.000:.00) "City of La Porte Refunding Bonds" issued in the
<br />
<br />year 1934. andi the same shall be assessed and collected and applied to the pur-
<br />I :'
<br />'!
<br />
<br />pose named.
<br />
<br />(b) rhere is hereby levied a tax of four cents (44) on each One Hun-
<br />.J
<br />dred 0011a,1s '($100.00) val~atiOn of, taxable ,property in the, CIty of La Porte
<br />
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