O-1994-1972 - Laserfiche WebLink

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e e be deemed to have agreed to the provisions of this Ordinance. and a certified copy of this Ordinance shall be delivered to each Paying Agenl/Regisuar. SECTION 6. FORMS. The fonn of. all Bonds. including the fonn of Paying Agent!Registrar's Certificate. the Fonn of Assignment. the fonn of Statement of Insurance, if any, and the fonn of the Compttoller's Registration Certificate to accompany the Bonds on the initial delivery thereof, shall be, respectively, substantially as follows. with such appropriate variations, omissions. or insertions as are pennitted or required by this Ordinance: FORM OF BOND: NO. R-_ $ United States of America State of Texas CITY OF LA PORTE, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE REFUNDING BOND, SERIES 1994 INTEREST RATE % MA TIJRlTY DATE ISSUE DATE April I. 1994 CUSIP NO. REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATIJRITY DATE, specified above, THE CITY OF LA PORTE. TEXAS, a home rule city and municipal corporation of the State of Texas (the "City"), hereby promises to pay to the Registered Owner, specified above, or the registered assignee hereof (hereinafter called the "registered owner") the Principal Amount. specified above, and to pay interest thereon calculated on the basis of a 360 day year of twelve 30 day months, from the Issue Date, specified above, to the date of its scheduled maturity or the date of its redemption prior to scheduled maturity. at the Interest Rate per annum. specified above, with said interest being payable on September 15, 1994. and semiannually on each March 15 and September 15 thereafter. THE TERMS AND PROVISIONS of this Bond are continued on the reverse side hereof and shall for all purposes have the same effect as though fully set forth at this place. THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of America. without exchange or collection charges. The principal of this Bond shall be paid to the registered owner hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption prior to maturity, at the principal corporate trust office of Commerce Bank Naitonal Association, Houston, Texas. which is the "Paying Agenl/Regisuar" for this Bond. The payment of interest on this Bond shall be made by the Paying Agent!Registtar to the registered owner hereof as shown by the Registration Books kept by the Paying Agenl/Registrar at the close of business on the Record Date (hereinafter described) by check drawn by the Paying Agent/ Registrar on, and payable solely from, funds of the City required to be on deposit with the Paying Agent/Regisuar for such purpose as hereinafter provided: and such check shall be sent by the Paying Agenl/Regisuar by United States mail. postage prepaid, on each such interest payment date. to the registered owner hereof at its address as it appears on the Registration Books kept by the Paying Agenl/Regisuar. as hereinafter described. The . record date ("Record Date") for the interest payable on any interest payment date means the last calendar day of the month next preceding such interest payment date: In the event of a non- payment of interest on a scheduled payment date, and for 30 calendar days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agenl/Registrar. if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the 4