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<br />ON THE MATURITY DATE, specified above, THE CITY OF LA PORTE, a home rule city and
<br />m..up.ippal corporation oftbe State ofT~S (the "CitY'>, hereby promises to pay to the Registered Owner, specified
<br />above, or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified above, and
<br />to {!a~ interest thereon from the Issue Date, specified abov~, on March 15, 2003, and semiannually on each
<br />September 15 and March 15 thereafter to the Maturity Date, specified above, or the date of redemption prior to
<br />maturity, at the Int.erest ~t~ per annum,. specified above; except that if this Bond is required to be authenticated and
<br />the date of its authentication is later than the first Record Date (hereinafter defined), such principal amount shall
<br />bear int~est from th~ it:1tere$l pa~el1t date next prxcedin& the ~te of authentication, unless such date of
<br />authentication is after any Record Date but on or before the next following interest payment date, in which case such
<br />principal amOlmt shall bear inter~ from SQch next following iIlterest paY.Jllent date;. provided, however, that if on
<br />the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is
<br />Que b~t has n.ot been paid, then this Bond shall ~ inter~ frODl the dat~ to which such interest has been paid in
<br />full,
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<br />Tl:IE PRQJCIPAL OF AND INTElffiST ON this Bon4 are I?B~ble in lawful money of the United States of
<br />America, without exchange or collection charges, The principal of this Bond shall be paid to the registered owner
<br />h~eof ~pon presentation lUlq surrender of this Bond at matQI'ity or upon the date fixed for its redemption prior to
<br />maturity, at the designated payment office of JPMORGAN CHASE BANK, Dallas, Texas, or its successor, which is
<br />tJt~. "P~yin& AgentlReg,istrar" for this Bond, Th~ I?BY.Jllent of interest on this Bond shall be made by the Paying
<br />AgentlRegistrar to the registered owner hereof on each interest payment date by check, dated as of such interest
<br />{!a~ent dat~, drawn by $e Pa~& Ag~tIRe&istrar on, and payclble solely from, funds of the City required by the
<br />ordinance authorizing the issuance of this Bond adopted on July 22, 2002 (the ''Bond Ordinance") to be on deposit
<br />with the P~ying Agent/Registrar for such p.UI"J!ose as herenu.fter l!I'ovi4ed;. and such check shall be sent by the
<br />Paying AgentlRegistrar by United States mail. first-class postage prepaid, on each such interest payment date, to the
<br />r~gistered owner hereot:. at its address as it appeared on the last business day of the month next preceding each such
<br />date (the ''Record Date") on the Registration Books kept by the Paying AgentlRegistrar, as hereinafter described. In
<br />a.ddition, interest may be paid by such other method, acceptable to the Paying Ag.entlRegistrar, requested by, and at
<br />the risk and expense ot: the registered owner.
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<br />Tf.{IS BONP is Qne of a series of Bon4s dated as of July 15, 2002, authorized in accordance with the
<br />Constitution and laws of the State of Texas in the original principal amount of $5,400,000 for the purpose of
<br />{!roviding fWlds for the <;onstruction ofiml!l'ovements to the City's wastewater treatment plant and the relocation of
<br />Fire Station No.2 and the renovation of old Fire Station No, 2 for emergency medical services,
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<br />RE.FERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THE BOND SET FORTH ON
<br />THE REVERSE HEREOF, WHICH PROVISIONS SHALL HAVE THE SAME FORCE AND EFFECT AS IF
<br />S.ET FORTH IN TIllS SPACE.
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<br />IN WITNESS WHEREOF, the City has caused this Bond to be signed with the manual or facsimile
<br />signature of the Mayor of the City and countersigned with the manual or facsimile signature of the City Secretary of
<br />the Citr, and has caused the official seal of the Citr to be dulr impressed, or placed in facsimile, on this Bond.
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<br />CITY OF LA PORTE, TEXAS
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<br />City Secretary
<br />City of La. Porte. Texas
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<br />Mayor
<br />City of La Porte, Texas
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<br />[Fonn of Back Panel of Bond]
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<br />'flIP BONDS are issueQ. p'ursuant to the Bond Ordinance( whereunder the City covenants to levy a
<br />continuing direct annual ad valorem tax. on taxable property within the City, not to exceed $2.50 per assessed $100
<br />valuation, a~ provided in Article XI, Section 5 of the Texas Con~ti~tion, fQr each ~ear while any part of the Bonds
<br />are considered outstanding under the provisions of the Bond Ordinance, in sufficient amount to pay interest on each
<br />130nd ~s it becomes due, to provide a sinking fund for the I?BytD.enl of the principal of the Bonds when due, and to
<br />pay the expenses of assessing and collecting such tax, all as more specifically provided in the Bond Ordinance.
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<br />0639~9.0001 ,fLUSTIN 280348 v2
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