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<br />ORIGINAL
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<br />Paying Agent/Registrar for cancellation, all in accordance with the fonn and procedures set forth in the Bond
<br />Ordinance. Among other requirements for such assignment and transfer, this Bond must be presented and
<br />surrendered to the Paying Agent/Registrar, together with proper instruments of assignment, in form and with
<br />guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment of this Bond or any
<br />portion or portions hereof in any integral multiple of $5,000 to the assignee or assignees in whose name or names
<br />this Bond or any such portion or portions hereof is or are to be registered. The Fonn of Assignment printed or
<br />endorsed on this Bond may be executed by the registered owner to evidence the assignment hereof, but such
<br />method is not exclusive, and other instruments of assignment satisfactory to the Paying Agent/Registrar may be
<br />used to evidence the assignment of this Bond or any portion or portions hereof from time to time by the registered
<br />owner. The person requesting such transfer and exchange shall pay the Paying Agent/Registrar's reasonable
<br />standard or customary fees and charges for transferring and exchanging any Bond or portion thereof. In any
<br />circumstance, any taxes or governmental charges required to be paid with respect thereto shall be paid by the
<br />person requesting such assignment, transfer, or exchange, as a condition precedent to the exercise of such
<br />privilege. The foregoing notwithstanding, in the case of the exchange of a portion of a Bond which has been
<br />redeemed prior to maturity, as provided herein, and in the case of the exchange of an assigned and transferred
<br />Bond or Bonds or any portion or portions thereof, such fees and charges of the Paying Agent/Registrar will be
<br />paid by the City. The Paying Agent/Registrar shall not be required to make any such transfer or exchange (i)
<br />during the period commencing with the close of business on any Record Date and ending with the opening of
<br />business on the next following principal or interest payment date or (ii) with respect to any Bond or any portion
<br />thereof called for redemption prior to maturity, within 45 days prior to its redemption date.
<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
<br />and legally qualified substitute therefor, and cause written notice thereof to be mailed to the registered owners
<br />of the Bonds.
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<br />BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of
<br />the tenns and provisions of the Bond Ordinance, agrees to be bound by such tenns and provisions, acknowledges
<br />that 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 tenns and provisions of this Bond and the Bond Ordinance
<br />constitute 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 perfonned, exist,
<br />and be done precedent to or in the authorization, issuance, and delivery of this Bond have been perfonned,
<br />existed, and been done in accordance with law; and ad valorem taxes sufficient to provide for the payment of the
<br />interest on and principal of this Bond, as such interest comes due, and as such principal matures, have been levied
<br />and ordered to be levied against all taxable property in the City, and have been pledged for such payment, within
<br />the limit prescribed by law.
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<br />FORM OF INITIAL BOND
<br />The Initial Bond shall be in the fonn set forth above for the Definitive Bonds. exceot the followine: shall
<br />reoJace the headine: and the first oarae:raoh and the Bond will be a continuous document:
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<br />NO. 1-1
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<br />$2,500,000
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<br />United States of America
<br />State of Texas
<br />CITY OF LA PORTE, TEXAS
<br />GENERAL OBLIGATION BOND, SERIES 1998
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<br />Issue Date:
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<br />JUNE 15, 1998
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<br />Registered Owner:
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<br />CEDE & CO.
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