O-1927-219 - Laserfiche WebLink

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e e 6. That said warrants shall bear interest from date I until pa id at the ra'ce of 6 ~er cent per annum, ,interest payable semi-annually: on the lOth day of October and the lOth day of April of each year. Said in terest is part of the contract price agreed to for the construction of sai1 street improvements, and shall be evidenced by proper coupons attached to each of said warrants. Past due interest shall bear interest at the rate of S per cent per annum from maturity until paid. 7. That each of said warrants shall be signed by the MaYI)r, countersigned by the Ci ty Secretary, Hegistered by the Ci ty Treasurer, and shall provide the purpose for which they al'e issued, the place where payable, and the seal of the oi ty of Laporte shall be impressed upon each of ::laid warrants. 8. That the principal and interest of said warrants shall be payable in lawful money of the United states of America at the ..1l'\\/n~ ~L.J. Bank, j 1!"1.~~~ , ~CV;), upon presentation and sur- render of proper warrant 01"' interest coupons. 9. That the interest coupons attached to each of said warI'ants shall bear the facsimile si gnatures of the Mayor and the Oi ty Se- cretary, and shall have the same effect as if such coupons had been signed by said officials in person. 10. That said warrants shall express upon their face the purpose for which they are issued; that they are issued in strict con- formity with the Constitution and Laws of the State of Texas, and in pur.- suancs of this ordinance; that each of said warrants shall provide and sti- pulate that in event of default in the payment of principal or interest, and the same is placed in the hands of an attorney for collection, or if collected by suit, or by legal proceedings of any kind, ,an additional amount of ten per cent of the principal and interest then due shall be paid as attorney's fees, and the form of each of said warrants shall be substantially as follows: II No . ..1;. ~p UNITED S'l'A'l'ES OF 1\MER1CA S'l'1\ 'l'E 0 F 'l'EXAS COUNTY OF' HARRIS CITY OF LAPORTE S'llREE',P PAVING WARRAN'r, SEHIES OF 1927. i , ' i .~ \ ' ,V I I ,