O-1951-413 - Laserfiche WebLink

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*(Bonds Nos. 1 to 8, both inclusive, bear interest at the rate of 3-l/4~ per annum; Bonds Nos. 9 to 50, both inclusive, bear interest at the rate of 3-1/2% per annum). .J City Clerk, City of La Porte, Texas Mayor, City of La Porte, Texas Clerk, all as of the 15th day of March, 1951. Countersigned: fixed hereto and this bond to be signed by the Mayor of said City, countersigned by the City Clerk, and has caused the annexed coupons to be signed by the facsimile signatures of said Mayor and City of bonds does not exceed any constitutional or statutory limitation IN TESTIMONY vlliEREOF, the City Commission of the City of La Porte, Texas, has caused the corporate seal of sald City to be af- - of the waterworks and sewer system; that the issuance of this seri'e the payment of the principal and interest of this bond and the ser-, ies of which it is a part by irrevocably pledging the net revenues and manner, as required by law; that due provision has been made fo shall never have the right to demand payment of th~s obligation out of any funds raised or to be raised by taxation. I It is hereby certified, recited and represented that the issu- I I ance of this bond and the series of which it is a part is duly au- j' thorized by law; that all acts, conditions and things required to exist and to be done precedent to and in the issuance of this serie~, I of bonds to render the same lawful and valid, have been pro~erly I I done and performed and have happened in regular and due time, form - rived from the operation of the City's waterworks and sewer system, including ull additions, extensions and improvements thereto which may hereafter be made, after deduction of the reasonable expenses of maintenance and operation of said system. The holder hereof This bond shall not be deemed to constitute a debt of the City i I of La Porte or a pledge of its faith and credit, but shall be pay- I able as to principal and interest solely from the net revenues de- I - . e