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e e - 30nds Nos. 37 to 100, both inclusive, shall contain the follow ing provision: The City of La Porte reserves the right to redeem inverse numerical order, all or any part of said bonds then out- standing on March 15, 1963, or on any interest payment date there- after by paying to the owners or holders of said bonds the princi- pal thereof plus accrued interest to the date fixed for redemption. If the City elects to redeem all or any part of said bonds, notice thereof in ~riting shall be mailed, properly stamped and addressed, to the First National Bank, La Porte, Texas, and shall be published at least one time in a financial journal published in New York, New York, and of general circulation in the United States of Americ and said notice shall be mailed and published at least thirty (30) days before the date fixed for redemption. When said bonds, or any part t~ereof, have been called for redemption and notice there- of given a~ herein specified and due provision has been made to re- deem the same, the right of the owners or holders t. collect inter- est which would otherwise accrue, shall terminate as of the date fixed for redemption. Each cuccessive holder of this bond and each successive holder of the coupons hereto attached is conclusively presumed to forego and renounce his equities in favor of subsequent holders for value without notice, and to agree that this bond and each of the coupons hereto attached may be negotiated by delivery by any person having possession thereof, howsoever such possession may have been acquir- ed, and that any holder who shall have taken this bond or any of th coupons from any person, for value and without notice, thereby has acquired a~)solute title thereto, free from any defenses enforceable against any prior holder and free from all equities and claims of ownership of any such prior holder. The City of La Porte and its officers and fiscal agent shall not be affected by any notice to th contrary. This bond shall not be deemed to constitute a debt of the City of' La Porte or a pledge of its faith and credit, but shall be pay- - . e