|
<br />e
<br />
<br />e
<br />
<br />Agent/Registrar promptly shall transfer and deliver the Registration Books (or a copy thereof), along with all other
<br />pertinent books and records relating to the Bonds, to the new Paying Agent/Registrar designated and appointed by
<br />the Issuer. Upon any change in the Paying AgentlRegistrar, the Issuer promptly will cause a written notice thereof
<br />to be sent by the new Paying Agent/Registrar to each registered owner of the Bonds, by United States mail, first-
<br />class postage prepaid, which notice also shall give the address of the new Paying Agent! Registrar, By accepting
<br />the position and performing as such, each Paying Agent/Registrar shall be deemed to have agreed to the provisions
<br />of this Ordinance, and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar.
<br />
<br />SECTION 4. FORM OF BONDS, The fonn of the Bonds, including the fonn of Paying Agent/Registrar's
<br />Authentication Certificate, the fonn of Assign~ent, the fonn of Statement of Insumnce, and the form of Registration
<br />Certificate of the Comptroller of Public Accounts of the State of Texas to be attached to the Bonds initially issued
<br />and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, with such appropriate varia-
<br />tions, omissions, or insertions as are penniued or required by this Ordinance.
<br />
<br />[FORM OF BOND]
<br />
<br />[Fonn of Front Panel of Definitive Bond]
<br />
<br />NO.R-
<br />
<br />United States of America
<br />State of Texas
<br />ctTY OF LA PORTE, TEXAS
<br />GENERAL OBLIGATION REFUNDING BOND,
<br />SERIES 1994
<br />
<br />PRINCIPAL
<br />AMOUNT
<br />$
<br />
<br />INTEREST RATE
<br />
<br />MATURITY DATE
<br />
<br />ISSUE DATE
<br />April 1, 1994
<br />
<br />CUSIP NO.
<br />
<br />REGISTERED OWNER:
<br />
<br />PRINCIPAL AMOUNT:
<br />
<br />DOLLARS
<br />
<br />ON THE MATURITY DATE, specified above, TIlE CITY OF LA PORTE, a home rule city and municipal
<br />cOJporation of the State of Texas (the "Issuer"), hereby promises to pay to the Registered Owner, specified above,
<br />or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified above, and to pay
<br />interest thereon from the Issue Date, specified above, on August 15, 1994, and semiannually on each February 15
<br />and August 15 thereafter to the Maturity Date, specified above, or the date of redemption prior to maturity, at the
<br />Interest Rate per annum, specified above; except that if this Bond is required to be authenticated and the date of its
<br />authentication is later than the first Record Date (hereinafter defined), such principal amount shall bear interest from
<br />the interest payment date next preceding the date of authentication, unless such date of authentication is after any
<br />Record Date but on or before the next following interest payment date, in which case such principal amount shall
<br />bear interest from such next following interest payment date; provided, however, that if on the date of authentication
<br />hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is due but has not been
<br />paid, then this Bond shall bear interest from the date to which such interest has been paid in full.
<br />
<br />THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of
<br />America, without exchange or collection charges. The principal of this Bond shall be paid to the registered owner
<br />hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption prior to
<br />maturity, at the principal corporate trust office of TEXAS COMMERCE BANK. NATIONAL ASSOCIATION,
<br />Houston, Texas, or its successor, which is the "Paying Agent/Registrar" for this Bond. The payment of interest on
<br />this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof on each interest payment date
<br />by check, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and payable solely from,
<br />funds of the Issuer required by the ordinance authorizing the issuance of this Bond adopted on March 17, 1994 (the
<br />
<br />4
<br />
|