O-1994-1971 - Laserfiche WebLink

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e e prior to maturity, at the principal corporate trust office of Texas Commerce Bank National Association, Houston, Texas. or its successor, which is the "Paying AgentlRegistrnr" for this Bond, The payment of interest on this Bond shall be made by the Paying Agenr/Registrnr to the registered owner hereof on each interest payment dare by check. dared as of such interest payment date. drawn by the Paying AgentlRegistrar on, and payable solely from, funds of the Issuer required by the ordinance authorizing the issuance of this Bond adopted on , 1994 (the "Bond Ordinance") to be on deposit with the Paying AgentlRegistrar for such purpose as hereinafter provided: and such check shall be sent by the Paying AgentlRegistrar by United Stares mail. ftrst- class postage prepaid. on each such interest payment date, to the registered owner hereof, at its address as it appeared on the last business day of the month next preceding each such date (the "Record Date") on the Regis- tration Books kept by the Paying AgentlRegistrar, as hereinafter described. In addition, interest may be paid by such other method, acceptable to the Paying Agenr/Registrar, requested by, and at the risk and expense of, the registered owner. THIS BOND is one of a Series of Bonds dated as of April I, 1994, authorized in accordance with the Constitution and laws of the State of Texas in the original principal amount of $7.505,000 FOR TIIE PURPOSE OF PROVIDING FUNDS TO REFUND CERTAIN OF TIlE ISSUER'S OUTSTANDING OBLIGATIONS (as described in the preamble to the Bond Ordinance). REFERENCE IS HEREBY MADE TO TIIE FURTIIER PROVISIONS OF TIIE BOND SET FORTH ON TIIE REVERSE HEREOF. WHICH PROVISIONS SHALL HAVE THE SAME FORCE AND EFFECT AS IF SET FORTH IN THIS SPACE. IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or facsimile signature of the Mayor of the Issuer and countersigned with the manual or facsimile signature of the City Secretary of the Issuer, and has caused the offtcial seal of the Issuer to be duly impressed. or placed in facsimile, on this Bond CITY OF LA PORTE, TEXAS (facsimile sil!:narure) City Secretary (facsimile sil!:natu.re) Mayor [Fonn of Back Panel of Bond] TIIE BONDS are issued pursuant to the Bond Ordinance whereunder the Issuer covenants to levy a continuing direct annual ad valorem tax on taxable property within the Issuer, not to exceed $2.50 per assessed Sloo valuation, as provided in Article XI, Section 5 of the Texas Constitution. for each year while any pan of the Bonds are considered outstanding under the provisions of the Bond Ordinance, in sufficient amount to pay interest on each Bond as it becomes due. to provide a sinking fund for the payment of the principal of the Bonds when due, and to pay the expenses of assessing and collecting such tax, all as more specifically provided in the Bond Ordinance. Reference is hereby made to the Bond Ordinance for provisions with respect to the custody and application of the Issuer's funds, remedies in the event of a default hereunder or thereunder, and the other rights of the regisrered owner. TInS BOND IS TRANSFERABLE OR EXCHANGEABLE only upon presentation and surrender at the principal corporate offtce of the Paying AgentlRegistrar. If this Bond is being transferred, it shall be duly endorsed for transfer or accompanied by an assignment duly executed by the registered owner, or his authorized representative. subject to the renns and conditions of the Bond Ordinance. ANY ACCRUED INTEREST DUE at maturity or upon the redemption of this Bond prior to maturity as provided herein shall be paid to the registered owner upon presentation and surrender of this Bond for redemp- tion and payment at the principal corporate trust office of the Paying AgentlRegistrar. The Issuer covenants with the registered owner of this Bond that on or before each principal payment date. interest payment date, and accrued interest payment date for this Bond it will make available to the Paying Agenr/Registrar, from the "Inter-