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<br />*
<br />**
<br />
<br />2
<br />
<br />Subject to change,
<br />The initial yields will be established by and are the sole responsibility of the Underwriters,
<br />
<br />and may subsequently be changed,
<br />
<br />The City has not defaulted on
<br />
<br />General
<br />
<br />Obligation Bonds in more than 54 years,
<br />
<br />The City has never defaulted on revenue Bonds,
<br />
<br />PAYMENT RECORD
<br />
<br />The City is a political subdivision of the State of Texas and a municipal corporation organized and existing under the laws of the State of
<br />Texas, including its duly adopted Home Rule Charter (the "Charter"), The Bonds are issued pursuant to the Charter and the general laws
<br />of the State of Texas, particularly article 717k, Vernon's Annotated Texas Civil Statutes ("V.A.T.C,S,") and additionally pursuant to
<br />ordinances authorizing the issuance and sale of the Bonds (the "Bond Ordinances") passed by the city Council on the date of sale of the
<br />Bonds,
<br />
<br />~,
<br />
<br />AUTHORIZATION
<br />
<br />The Bonds are olTered when, as and if issued, subject to approval by the Attorney General of the State of Texas and McGiIU1is Lochridge
<br />& Kilgore, L.L.P" Bond Cowlsel, San Antonio, Texas, Definitive Bonds arc expected to be available for delivery on or about April 14,
<br />1994,
<br />
<br />~
<br />
<br />Deliverv
<br />
<br />All Bonds maturing on or after March 15,2003 are optional for redemption in whole or in part on March 15,2002 or any date thereafter
<br />at par and accrued interest to the date fixed for redemption, If less than all of the Bonds are redeemed at any time, the particular Bonds
<br />to be redeemed shall be selected by the City in integral multiples of $5,000 within anyone maturity, The registered owner of any Bond,
<br />all or a portion of which has been called for redemption, shall be required to present same to the Registrar for payment of the redemption
<br />price on the portion of the Bond so called for redemption and a new Bond in the principal amount equal to the portion of such Bond not
<br />redeemed will be issued to such registered owner,
<br />
<br />o
<br />
<br />tional Provisions
<br />
<br />$65,000
<br />105,000
<br />80,000
<br />85,000
<br />90,000
<br />95,000
<br />
<br />%
<br />%
<br />%
<br />%
<br />%
<br />%
<br />
<br />995
<br />996
<br />997
<br />1998
<br />1999
<br />2000
<br />
<br />%
<br />%
<br />%
<br />%
<br />%
<br />%
<br />
<br />$100,000
<br />405,000
<br />405,000
<br />460,000
<br />445,000
<br />55,000
<br />
<br />%
<br />%
<br />%
<br />%
<br />%
<br />%
<br />
<br />2001
<br />2002
<br />2003
<br />2004
<br />2005
<br />2006
<br />
<br />%
<br />%
<br />%
<br />%
<br />%
<br />%
<br />
<br />Amount.
<br />
<br />Rate
<br />
<br />Maturitv
<br />
<br />Yield or
<br />Price"
<br />
<br />AmOWlt*
<br />
<br />Rate
<br />
<br />Maturitv
<br />
<br />Yield or
<br />Price"
<br />
<br />March 15
<br />Maturi Schedule
<br />
<br />Interest on the Bonds will be due on September 15, 1994, and each March 15 and September 15 thereafter until maturity, The Bonds
<br />will be issued in fully registered form in integral multiples of $5,000, and principal and semiannual interest will be payable by Texas
<br />Commerce Bank, National Association, Houston, Texas, the paying agent/registrar (the "Registrar"), Principal of the Bonds will be
<br />payable to the registered owner at maturity or redemption upon presentation of such Bonds to the Registrar, Interest on the Bonds will be
<br />payable by check, dated as of the interest payment date, and mailed by the Registrar to registered owners as shown on the records of the
<br />Registrar as of the fifteenth day of the month next preceding each interest payment date,
<br />
<br />t
<br />~
<br />
<br />.
<br />
<br />The Revenue Bonds constitute special obligations of the City of La Porte, Harris County, Texas (the "City"), payable as to principal and
<br />interest from the revenues derived from the operation of the City's Waterworks and Sewer System after deduction of the necessary and
<br />reasonable expenses of maintenance and operation of said system, The Bonds are being issued pursuant to Articles 717k and 823,
<br />Vernon's Texas Civil Statutes, as amended, and an ordinance adopted by the City Council of the City authorizing the issuance and sale
<br />of the Bonds (the "Bond Ordinance"),
<br />
<br />Initial
<br />
<br />Date:
<br />
<br />April 1, 1994
<br />
<br />.
<br />
<br />REYENUEBONDS
<br />
<br />e
<br />
<br />Due:
<br />
<br />Match 15, as shown below
<br />
<br />e
<br />
<br />e
<br />
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