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e e IN TESTIMONY WHEREOF, the City Council has caused the seal of the City to be duly impressed or placed in facsimile hereon, and this Bond to be signed with the imprinted facsimile signature of the Mayor and countersigned by the facsimile signature of the City Secretary, COUNTERSIGNED: xxxxxxxx City Secretary, City of La Porte, Texas xxxxxxxx Mayor, City of La Porte, Texas (SEAL) FORM OF INITIAL BOND The Initial Bond shall be in the form set forth above for the Definitive Bonds. exceot the followin!! shall reolace the headin!! and the first oara!!raoh and the Bond will be a continuous document: NO. I-I $2,460,000 United States of America State of Texas CITY OF LA PORTE, TEXAS W AlERWORKS AND SEWER SYSlEM REVENUE REFUNDING BOND, SERIES 1994 Issue Date: APRIL 1, 1994 Registered Owner: Principal Amount: TWO MILLION FOUR HUNDRED NINETY THOUSAND DOLLARS ($2,460,000) THE CITY OF LA PORlE, TEXAS (the "Issuer"), for value received, acknowledges itself indebted to and hereby promises to pay to the order of the Registered Owner, specified above, or the registered assigns thereof (the "Registered Owner"), the Principal Amount, specified above, with principal installments payable on August 15 in each of the years, and bearing interest at per annum rates in accordance with the following schedule: YEARS OF STAlED MATURITIES PRINCI.PAL INSTALLMENTS $ INTEREST RATE % (Infonnation to be inserted from schedule in Section 2 hereof.) INTEREST on the unpaid Principal Amount hereof from the Issue Date, specified above, or from the most recent interest payment date to which interest has been paid or duly provided for until the Principal Amount has become due and payment thereof has been made or duly provided for shall be paid computed on the basis of a 360-day year of twelve 30-day months: such interest being payable on March 15 and September 15 of each year, commencing September 15, 1994, 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 final payment of principal of this Bond shall be paid to the Registered Owner hereof upon presentation and surrender of this Bond at final maturity, at the principal corporate trust office of TEXAS COMMERCE BANK NATIONAL ASSOCIATION, Houston, Texas, which is the "Paying Agent/Registrar" for this Bond, The payment of principal installments and interest on this Bond 7