O-1986-1497 - Laserfiche WebLink

Browse Search

. e (Form of Bond) Registered No. R- Registered $ UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HARRIS CITY OF LA PORTE, TEXAS GENERAL OBLIGATION BOND SERIES 1986 Interest Rate Due February 15, Initial Date May 15, 1986 CUSIP No. The City of La Porte, Texas (the "City"), for value received, hereby promises to pay to or registered assigns, on the due date shown above, the sum of DOLLARS, and to pay interest thereon until paid, at the rate speci- fied above, from the later of the Initial Date shown hereon or the most recent date to which interest has been paid or duly provided for, beginning August 15, 1986, and semian- nually thereafter on February 15 and August 15 of each year until the principal sum shall have been paid, such interest. to be computed on the basis of a 360-day year of twelve 30-day months. The principal of this Bond is payable in lawful money of the United States of America, without exchange or collection charges, at the principal corporate trust office of the Paying Agent/Registrar executing the Certificate of Authentication appearing hereon, upon presen- tation and surrender of this Bond. The interest on this Bond payable on any interest payment date will be paid to the person, firm or corporation in whose name this Bond is registered at the close of business on the last business day of the calendar month next preceding such interest payment date by check or draft dated as of the interest payment date and mailed to such registered owner. .. * * * * * * * * * * (Additional Provisions of the Bonds) (To be printed or typed on the face of the Initial Bonds and printed on the back' of all other Bonds) THIS BOND is one of the series specified in its title issued in the aggregate principal amount of $4,250,000 (the "Bonds") pursuant to an ordinance (the "Bond Ordi- nance") duly adopted by the City Council of the City for the purpose of making public improvements, to-wit the purchase and improvement of land for park purposes, under and in strict conformity with the Constitution and laws of the State of Texas, including without limitation Chapters 1 and 7 of Title 22 of Vernon's Texas Civil Statutes, as amended, and by authority of the bond election described above. The Bonds are payable from the proceeds of an ad valorem tax levied upon all taxable property within the City within the limitations prescribed by law. Reference is RG047B/180B01 -5-