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<br />e
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<br />e
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<br />ORIGINAL
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<br />vided, and in the manner and to the effect as required or indicated, in the FORM OF BOND set forth in this
<br />Ordinance. The Initial Bond shall be delivered to the initial purchaser and are not required to be, and shall not
<br />be, authenticated by the Paying Agent/Registrar, but on each substitute Bond issued in exchange for the Initial
<br />Bonds or any Bond or Bonds issued under this Ordinance the Paying AgentlRegistrar shall execute the PAYING
<br />AGENTIREGISTRAR'S AUTHENTICATION CERTIFICATE, in the form set forth in the FORM OF BOND.
<br />
<br />(d) Substitute Paving Agent/Registrar. The City covenants with the registered owners of the Bonds that
<br />at all times while the Bonds are outstanding the City will provide a competent and legally qualified bank, trust
<br />company, financial institution, or other agency to act as and perform the services of Paying Agent/Registrar for
<br />the Bonds under this Ordinance, and that the Paying AgentlRegistrar will be one entity. The City reserves the
<br />right to, and may, at its option, change the Paying Agent/Registrar upon not less than 120 days written notice to
<br />the Paying AgentlRegistrar, to be effective not later than 60 days prior to the next principal or interest payment
<br />date after such notice. In the event that the entity at any time acting as Paying AgentlRegistrar (or its successor
<br />by merger, acquisition, or other method) should resign or otherwise cease to act as such, the City covenants that
<br />promptly it will appoint a competent and legally qualified bank, trust company, financial institution, or other
<br />agency to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar,
<br />the previous Paying AgentlRegistrar promptly shall transfer and deliver the Registration Books (or a copy
<br />thereot), along with all other pertinent books and records relating to the Bonds, to the new Paying AgentlRegistrar
<br />designated and appointed by the City. Upon any change in the Paying AgentlRegistrar, the City promptly will
<br />cause a written notice thereof to be sent by the new Paying Agent/Registrar to each registered owner of the
<br />Bonds, by United States mail, first-class postage prepaid, which notice also shall give the address of the new
<br />Paying Agent/ Registrar. By accepting the position and performing as such, each Paying Agent/Registrar shall
<br />be deemed to have agreed to the provisions of this Ordinance, and a certified copy of this Ordinance shall be
<br />delivered to each Paying AgentlRegistrar.
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<br />Section 4. FORM OF BONDS. The form of the Bonds, including the Form of Paying Agent/Registrar's
<br />Authentication Certificate, the Form of Assignment, the Form of Statement of Insurance, and the Form of
<br />Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be attached to the Bonds
<br />initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, with such
<br />appropriate variations, omissions, or insertions as are permitted or required by this Ordinance.
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<br />FORM OF BOND
<br />
<br />[Form of Front Panel of Definitive Bond]
<br />
<br />NO. R-
<br />
<br />United States of America
<br />State of Texas
<br />CITY OF LA PORTE, TEXAS
<br />GENERAL OBLIGATION BOND,
<br />SERIES 1998
<br />
<br />PRINCIPAL
<br />AMOUNT
<br />$
<br />
<br />INTEREST RATE
<br />
<br />MATURITY DATE
<br />
<br />ISSUE DATE
<br />June IS, 1998
<br />
<br />CUSIP NO.
<br />
<br />REGISTERED OWNER:
<br />
<br />PRINCIPAL AMOUNT:
<br />
<br />DOLLARS
<br />
<br />ON THE MATURITY DATE, specified above, THE CITY OF LA PORTE, a home rule city and
<br />municipal corporation of the State of Texas (the "City"), hereby promises to pay to the Registered Owner,
<br />specified above, or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified
<br />above, and to pay interest thereon from the Issue Date, specified above, on March 15, 1999, and semiannually
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