O-1949-376 - Laserfiche WebLink

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e . ~_. -.. e The City of La Porte, in the County of Harris, state of Texas, for value received, acknowledges itself indebted to and promises to pay to bearer on the 10th day of May, 19___, the sum of ONE THOUSAND DOLLARS ($1,000.00), in lawful money of the United States of America, with interest thereon from date at the rate of 3-1/2% per annum, pay- able May 10, 1950 and semi-annually thereafter on November lOth and Hay 10th in each year until the principal sum shall be paid; both principal and interest are payable at The First National Bank, La Porte, Tex~s, and interest falling due on or prior to maturity is payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. (Bonds Nos. 25 to 75, both inclusive, shall contain the fol- e lowing additional clause: The City of La Porte, Texas, reserves ...-~--...... - . the right to redeem this bond on May 10, 1964, or on any interest payment date thereafter, by paying the principal and unpaid ac- c~ued interest thereof to the date fixed for redemption. In case all of said bonds Bubject to redemption, or any part thereof, shall be called for redemption before maturit~, notice thereof in writing shall be mailed, properly stamped and addressed, to The First National Bank, La Porte, Texas, and shall be published in a financial journal published in New york, New York, and of general circulation in the United states of America at least one time and said notice shall be mailed and published at least thirty (30) days before the date fixed for redemption. When said bonds subject to redemption, or any part thereof, have been called for redemption and due provision has been made to redeem the same as herein pro- c vided, the right of the owners and holders to collect interest which would otherwise accrue after the redemption date shall be e - . . -- ~ ~ terminated as of the date fixed for redemption.) This bond is one of a series of seventy-five (75) bonds of like date and tenor, except as to number, maturity and right of ...... -..