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On the sign:
סמל העיר תל אביב עיריית תל אביב יפו
בשנת תש"ח (1947-1948) פעלו כאן בסיס הקליטה והמיון של ההגנה ארגון צבא המדינה שבדרך ומטה שירות האוויר של הארגון, שלימים היה מיסודותיו של חיל האוויר של מדינת ישראל.
סמל העיר תל אביב סמל ההגנה
The induction center of the Hagana - Israels pre-State army and the organizations Air Service Headquarters ran their operations here in 1947 and 1948. The air service later became one of the foundations of the State of Israels Air Force.
The sign is rectangular but its head is designed according to the emblem of the city of Tel Aviv
The sign was photographed in Dubnov Garden, see the sign and its surroundings as photographed by the same photographer on the same day Click for a larger image
Translation of the text on the sign: The emblem of the city of Tel Aviv Tel Aviv Jaffa municipality
The emblem of the city of Tel Aviv The emblem of the Haganah organization
The rest of the Hebrew text is translated to English on the sign