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O-1951-413
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O-1951-413
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Last modified
11/2/2016 3:38:19 PM
Creation date
10/23/2006 4:56:39 PM
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Legislative Records
Legislative Type
Ordinance
Date
6/7/1951
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<br />notice to the contrary. <br /> <br />. <br /> <br />and claims of ownership of any such prior holder. The City of La <br />Porte and its officers and fiscal agent shall not be affected by <br /> <br />thereby has acquired absolute title thereto, free from any defenses <br />enforceable against any prior holder and free from all equities <br /> <br />of the coupons from any person, for value and without notice, <br /> <br />possession thereof, howsoever such possession may have been ac- <br />quired, and that any holder who shall have taken this bond or any <br /> <br />hereto attached may be negotiated by delivery by any person having <br /> <br />without notice, and to agree that this bond and each of the coupons <br /> <br />of the coupons hereto attached is conclusively ::~resumed to forego <br />and renounce his equities in favor of subsequent holders for value <br /> <br />e <br /> <br />Each successive holder of this bond and each successive holder <br /> <br />fixed for redemption. <br /> <br />terest which would otherwise accrue, shall terminate as of the date <br /> <br />days ber'ore the date fixed for redemption. wnen said bonds, or <br />any 9ar~ thereof, have been called for redemption and notice there- <br />of given as herein specified and due provision has been made to re- <br />deem the same, the right of the owners or holders to collect in.. <br /> <br />York, and of general circulation in the United States of America <br />and said notice shall be mailed and published at least thirty (30; <br /> <br />- <br /> <br />if the City elects to redaem all or any part of said bonds, notice <br />i <br />thereof in writing shall be mailed, properly stamped and addressed, I <br /> <br />to the ~irst National Bank, La Porte, Texas, and shall be published <br />in I <br />at least one time in a financial Journal published/'!ew York, Xew <br /> <br />Bonds Nos. 17 to 50, both inclusive, shall contain the fOllOW-I <br />ing provision: The City of La Porte reserves the right to redeem ! <br />in inverse numerical order, all or any part of said bonds then i <br />outstanding on I\.arch 15, 1963, or 011 any interest payment date the:r....l'- <br />after by paying to the owners and holders of said bonds the princi- <br />pal thereof plus accrued interest to the date fixed for redem,tlon. . <br /> <br />e <br /> <br />e <br /> <br />e <br />
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