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<br />unredeemed portion hereof, may, at the request of the registered owner or the assignee or assignees hereof, be
<br />assigned, transferred, and exchanged for a like aggregate principal amount of fully registered Bonds, without interest
<br />coupons, payable to the appropriate registered owner, assignee, or assignees, as the case may be, having the same
<br />denomination or denominations in any integral multiple of $5,000 as requested in writing by the appropriate
<br />registered owner, assignee, or assignees, as the case may be, upon surrender of this Bond to the Paying
<br />Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance.
<br />Among other requirements for such assignment and transfer, this Bond must be presented and surrendered to the
<br />Paying Agent/Registrar, together with proper instruments of assignment, in form and with guarantee of signatures
<br />satisfactory to the Paying AgentlRegistrar, evidencing assignment of this Bond or any portion or portions hereof in
<br />any integral multiple of $5,000 to the assignee or assignees in whose name or names this Bond or any such portion
<br />or portions hereof is or are to be registered. The Form of Assignment printed or endorsed on this Bond may be
<br />executed by the registered owner to evidence the assignment hereof, but such method is not exclusive, and other
<br />instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the assignment of this
<br />Bond or any portion or portions hereof from time to time by the registered owner. The person requesting such
<br />transfer and exchange shall pay the Paying Agent/Registrar's reasonable standard or customary fees and charges for
<br />transferring and exchanging any Bond or portion thereof. In any circumstance, any taxes or governmental charges
<br />required to be paid with respect thereto shall be paid by the person requesting such assignment, transfer, or
<br />exchange, as a condition precedent to the exercise of such privilege. The foregoing notwithstanding, in the case of
<br />the exchange of a portion of a Bond which has been redeemed prior to maturity, as provided herein, and in the case
<br />of the exchange of an assigned and transferred Bond or Bonds or any portion or portions thereof, such fees and
<br />charges of the Paying Agent/Registrar will be paid by the City. The Paying Agent/Registrar shall not be required to
<br />make any such transfer or exchange (i) during the period commencing with the close of business on any Record
<br />Date and ending with the opening of business on the next following principal or interest payment date or (ii) with
<br />respect to any Bond or any portion thereof called for redemption prior to maturity, within 45 days prior to its
<br />redemption date.
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<br />IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the City, resigns, or otherwise
<br />ceases to act as such, the City has covenanted in the Bond Ordinance that it promptly will appoint a competent and
<br />legally qualified substitute therefor, and cause written notice thereof to be mailed to the registered owners of the
<br />Bonds.
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<br />BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the
<br />terms and provisions of the Bond Ordinance, agrees to be bound by such terms and provisions, acknowledges that
<br />the Bond Ordinance is duly recorded and available for inspection in the official minutes and records of the
<br />governing body of the City, and agrees that the terms and provisions of this Bond and the Bond Ordinance constitute
<br />a contract between each registered owner hereof and the City.
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<br />IT IS HEREBY CERTIFIED, RECITED, AND COVENANTED THAT this Bond has been duly and
<br />validly authorized, issued, and delivered; all acts, conditions, and things required or proper to be performed, exist,
<br />and be done precedent to or in the authorization, issuance, and delivery of this Bond have been performed, existed,
<br />and been done in accordance with law; and ad valorem taxes sufficient to provide for the payment of the interest on
<br />and principal of~is Bond, as such interest comes due, and as such principal matures, have been levied and ordered
<br />to be levied against all taxable property in the City, and have been pledged for such payment, within the limit
<br />prescribed by law.
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<br />FORM OF INITIAL BOND
<br />The Initial Bond shall be in the form set forth above for the Definitive Bonds. except the followinl! shall
<br />replace the headinl! and the first paral!l'aph and the Bond will be a continuous document:
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<br />NO. 1-1c
<br />$3,250,000
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<br />United States of America
<br />State of Texas
<br />CITY OF LA PORTE, TEXAS
<br />GENERAL OBUGA TION BOND, SERIES 2000
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