O-1949-376 - Laserfiche WebLink

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. e '---.. 'e said notiGe shall be mailed and published at least thirty (30) days before the date fixed for redemption. When said bonds, or any part thereof, have been called for redemption and due provision has been made to redeem the same as herein provided, the right of the owners and holders to collect interest which wo~ld otherwise accrue after the redemption date, shall be terminated as of the date fixed for redemption. Section 3: Said bonds shall bear interest at the rate of 3-1/2% per annum, interest payable on the lOth day of May, ,1950'and semi- . annually thereafter on the 10th day of November and the 10th day --. "\ e of May in each year until the principal is paid. Both principal and interest on said bonds shall be payable in lawful money of the United states of America at The First National Bank, La Porte, Texas, and interest falling due on and prior to maturity shall be payable only upon presentation and surrender of the interest cou- pons attached to said bonds as they severally become due. Section 4: That each of said bonds shall be signed by the Mayor and counters~gned by the City Clerk and the corporate seal of the city shall be impressed upon each of them. The facsimile signa- ---... tures of the Mayor and City Clerk may be lithographed, engraved or printed on the coupons attached to said bonds and shall have the same effect as if said bonds had been signed by said officers. ,- Section 5: That the form of said bonds shall be supstantially as follows: No. $1,000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HARRIS CITY OF LA PORTE STREET IMPROVEMENT BONII ....--.......... e