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<br />RESOLUTIoN' NO. 34-64
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<br />. STAT~ ;.qETEXAS ;.., X
<br />CGtlN'I'YQF :~iARRIS .,1
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<br />R.8S0LVT:eIDN' 'A~RIZING .THE 9;~TY OF LA PORTE TO ~OAAOW THE SUM OF
<br />.t~......,. BOUSAltD SIJt H1JNJ)1U:D,~'~' ;;.. .-",~ - --- -- - - -. - - :.. .. - - - DOLLARS
<br />($15,6OQ,;BQ , " .).,.'1'd,~~,EV.IJ;)ENq~DB~ TAX,;, ANTI(JIPATION NOTE, PAYABLE
<br />OUTOF~~T TAXES', COLLE.C.'rED 'l;>URING 'THE FISCA;L YEAR ,B~GINNING
<br />JULY 1, f~4;. AND ENDING,'JUNE 30, 1~65.
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<br />.......
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<br />~ rmE~SI.~tit;1' ita:s be'Eii\ dete:~~iped by the .q.iJy CommIssion
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<br />.' .".. "i.. . . . . .:.,.. ~; " .' , ...;.~,.~ . i.1 '. ~. _. . _
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<br />of ;the C:ity""~of La'..'Porte' that., a neces~ity exist.s to bOrrow the sum
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<br />of
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<br />;r,.:.;F/~ TrloU?ANfi':,'i$I'l<',M'A.1ol<.{:D -------.....-.- Dq11ars
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<br />, ($ 15.~Cc.);if!!?- ), and that;. the, an tic ipl3.ted curren-t,;revenues 'from
<br />ad va10:r;em taxes will ~mount to ap~ro~iinat~,~?" TH1~~~A-)r>(~~:-;-::,71'-'Cf')...!fZ;~,'lT
<br />'-r~G1"1VD ,I &/~hr /Jv/LJ~4? FOf~71 Six., . "/::'~liars ($ :128/ "iSU,tc) ; '~,
<br />and
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<br />WHEREAS, the La Porte State Bank at La Porte, Texas, ha,~
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<br />agreed to make the City loan ", said to be paid 'with three
<br />a ~n sum, ..
<br /> "(3%) 'interest t" ..
<br />per cent. per annum thereon, on" or ....before the 30th
<br />
<br />day of' June, 1965; and
<br />
<br />wRE~S,' the 'city w~11 have current revenues f.~o~ the col-
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<br />lectionof said tax,es available and sufficient to pay saJ.d ob1iga~
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<br />tion at maturi~y:
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<br />H'
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<br />NOW, THEREFORE, BE IT' ,:iU;SOL~D BY mE CITY COMMISSION OF
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<br />THE CITYO;F;':LA PORTE, TEXAS, that the' Mayor. and tJj~ City Clerk
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<br />(Directo'r of Finance) be authorized to issue a promissory note of
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<br />the City of La Porte, to 'be de'~:dgnat'ed IrTax An'ticipation ,Note for
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<br />.' ,
<br />the. Fiscal Year beginning July: 1, ,1964, and ending June 30, 1965",
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<br />such note to be in the pr~ncipa1 sum of ~/F~ ~~L/~AJ[)
<br />
<br />
<br />SIX IJu;UP~D ..,...-----.. ----D611ars ($/S ~CC' ;'~ ), to bear
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<br />interest at the ra'te of. th~ee per cent. . (3%>:' per annum"'unti1 ma-
<br />
<br />turity, with the usual provision for.interest at the rate pf six
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<br />per cent. (6%) per annum on past due principal and 'interest and
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