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<br />or portions hereof is or are to be registered. The Fonn of Assignment printed or endorsed on this Bond may be
<br />f(x({CUted bY.. the regist~ed owner to evid.ence the assig,nm.ent hereot: but such method is not exclusive, and other
<br />instnDnents of assignment satisfactory to the Paying Agent/R.egistrar may be used to evidence the assignment of this
<br />Bond or an~ {)ortion or eortions hereof from time to time by the registered owner. The person requesting such
<br />transfer and exchange shall pay the Paying Agent/R.egistrar's reasonable standard or customary fees and charges for
<br />tra..nsfening and excb~& an~ Bond or e~on thereof. In any <<.il:cumstance, an~ taxes or governmental charges
<br />required to be paid with respect thereto shall be paid by the person requesting such assignment, transfer, or
<br />~change, as a condition erecedent to the exer~ise of such ~rivilege. 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 tile exchang~ of an assi&11ed and transferred Bond. or Bonds or an~ {)ortion or I!.ortions thereot: such fees and
<br />charges of the Paying Agent/R.egistrar will be paid by the City. The Paying AgentlRegistrar shall not be required to
<br />m~e (IllY su~ transfer or exchange (i) 4uring tbe eeri04 <;omm~cing 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 ~ond or any eortion thereof caIleq for red~ption erior to matQri~ within 45 days prior to its
<br />redemption date.
<br />
<br />IN THE EVENT any Pa~n& Agent/Registrar for the Bon4s 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 />l~al~ Q.ualified substitu.te th~efort. and cause written notiC(( ther~f to be m&iled to the registered owners of the
<br />Bonds,
<br />
<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 />t.h~ {lond Ord,in,ance is 4ul~ recor4ed. an,d available for inse~tiQfl 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 />C!- contra~ between ~ch registered owner hereof and the City.
<br />
<br />IT IS HEREBY CERTIFIED, RECITED, AND COVENANTED TIIAT this Bond has been duly and
<br />YclU.dly authom~ iss1J.ecJ, and deUvered; aJl acts, conditions, an4 t.hing,s rCQ.!1ired or roper to be performed, exist,
<br />and be done precedent to or in the authorization, issuance, and delivery of this Bond nave been perfonned, existed,
<br />an4 ~ qone in a~cordance with law~ and ad valorem t!!Xes sufficient to erovide for the payment of the interest on
<br />and principal of this Bond, as such interest comes due, and as such principal matures, have been levied and ordered
<br />to be levied ag,ainst CllI taxable prol!.~ to the Ci~, and have ~~ eledged for such payment, within the limit
<br />prescribed by law.
<br />
<br />FORM OF INITIAL BOND
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<br />The Initial Bond shall be in the fonn set forth above for the Definitive Bonds. excent the following shall
<br />replace the heading and the first Daragranh and the Bond will be a contiriuous docwnent:
<br />
<br />NO. {-I
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<br />$5,400,000
<br />
<br />United States of America
<br />State of Texas
<br />CITY OF LA PORTE, TEXAS
<br />LIMITED TAX BOND, SERIES 2002
<br />
<br />Issue Date:
<br />
<br />JULY 15,2002
<br />
<br />Regis~ered. ~er:
<br />
<br />Principal Amount:
<br />
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<br />FIVE MILLION FOUR HUNDRED THOUSAND OOLLARS ($5,400,000)
<br />
<br />THE CITY OF LA PORTE.. TEXAS (!he "Citi'1 for value r~eived, acknowledges itself indebted to and
<br />hereby promises to pay to the order of the Registered Owner, specified above, or the registered assigns thereof (the
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<br />0.63939.00.0.1 AUSTIt!: 7JlQ34.!l,a
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