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<br />GENERAL CERTIFICATE
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<br />We, the undersigned Mayor and City Secretary, respectively, of the City of La Porte, Texas (the "City"),
<br />hereby certify as follows:
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<br />1. This certificate is executed for and on behalf of the City for the benefit of the Attorney General of the
<br />State of Texas and the owners of the CITY OF LA PORTE, TEXAS CERTIFICATES OF OBLIGATION, SERIES
<br />2000, dated March 15, 2000, in the principal amount of $3,000,000 (the "Certificates"), authorized by an ordinance
<br />passed by the City Council of the City on March 27, 2000 (the "Ordinance").
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<br />2. The City is a duly incorporated home role city, having a population of more than 5,000, operating and
<br />existing under the Constitution and laws of the State of Texas and the duly adopted Home Rule Charter of the City,
<br />which Charter has not been changed or amended since the issuance of the most recent obligations by the City
<br />entitled "City of La Porte, Texas General Obligation Bonds, Series 1998".
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<br />3. No litigation of any nature has ever been filed pertaining to, affecting, questioning, or contesting: (a) the
<br />Ordinance; (b) the issuance, execution, delivery, payment, security, or validity of the Certificates; (c) the authority
<br />of the governing body and the officers of the City to issue, execute, and deliver the Certificates; (d) the provisions
<br />made for the security for the payment of the Certificates; or (e) the validity of the corporate existence or the current
<br />tax rolls of the City; and no litigation is pending pertaining to, affecting, or contesting the boundaries of the City.
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<br />4. The currently effective ad valorem tax appraisal rolls of the City are those for the year 1999, being the
<br />most recently approved tax rolls of the City; the City Council of the City has caused the taxable property in the City
<br />to be assessed as required by law; and the net valuation of taxable property in the City according to the aforesaid tax
<br />rolls for said year, as delivered to the City Secretary of the City, and (mally approved and recorded by the City
<br />Council of the City, is $1,465,045,690.
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<br />5. A true, correct, and complete statement of all outstanding indebtedness of the City payable from ad
<br />valorem taxes is attached hereto as Exhibit A. A true and correct schedule showing the annual requirements of all of
<br />the outstanding indebtedness of the City payable from taxes, together with the Certificates, is attached hereto as
<br />Exhibit B.
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<br />6. A true and correct schedule of the revenues of the City's parks and recreation system (the "System") for
<br />the past four fiscal years ending September 30 is as follows:
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<br />1999
<br />$393,029
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<br />1998
<br />$327,740
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<br />1997
<br />$436,152
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<br />1996
<br />$411,376
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<br />The revenues of the System that have been pledged or encumbered to the payment of the Certificates are limited to
<br />$1,000.
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<br />7. A true and correct schedule of the current rates and charges for the System is attached hereto as Exhibit
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<br />C.
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<br />8. The City is not in default as io any covenant, condition, or obligation contained in any ordinance
<br />authorizing obligations payable in whole or in part from revenues of the System, and each of the special funds and
<br />accounts, if any, established by such ordinances contain the amounts now required to be on deposit in such fund or
<br />account.
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<br />9. There has been appropriated from funds lawfully made available to the City sufficient money to make
<br />the interest payment on the Certificates for September 15, 2000, to wit: $
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