O-1944-311 - Laserfiche WebLink

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The City of La Porte reserves the right to call this~ bond either for redemption or for refunding at any time on or a~~er .~en ~ears tr'om:..it~ ~~~e~ by paying par and accrued int- erast. and in the event this bond shall be ca.l.led for payment before mat.urity, notice thereof shall be given in writing to The First Nat.ional B-ank of La Porte, at La Porte, Texas. at least thirty days before the d,ate f'ixed for its, payment, and, after such notice shall have been given, if this bond is not presented tor payment, it shall cease to bear interes,t from and atter the date so fixed for its payment. THIS BOND is one of a series of twelve bonds, numbered consecutively from 1 to l2 inclusive, in the denomination of $1,000.00 each, aggregating i12.000.00, issued for' the purpose of refunding, cancelling and in lieu of a like amount of Oity of La porte Sewer Warran ta, all of which original warrants have been duly cancelled by the proper authorities before the issua,n.ce of this bond and o~ the se'ries of which it is a part. In addition to all other rights, the holders of thesta refunding bonds are subrogated to all t,he rights held by the holders of the original warrants refunded by this issue of ref1.md'" ing bonds. mature. in lawf'ul money of the United Stat.es of America, with interest; thereon from date hereof until paid at the rate of' 4$' per ann'wn, in terest pa,yable April 10 J 1944, and semi-annually there,after on October 10 and April 10 of each ye:ar. Principal and interl,st are payable upon present,a.tion and surrender of bond or proper coupon at T.he First National Bank of La Porte in La Porte, Te~cas, and the Ci ty of ,La Porte is hereby held and firmly bound, and its faith and credit and all real and personal property in satd ai ty are bereby pledged tor the prompt payment 01' the prine ipELl of' this bond and the::' interest thereon, as they respectively ONE THOUSAND DOLLARS '''' e e ~. .