O-1953-439 - Laserfiche WebLink

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_. .'.,~ .e " -.......... . /"' -..... - e e 'The City of La. Porte, Texas, reserves the right to redeem Bonds Nos. 49 to 200, both inclusive, of this issue, in whole or in part, on January 15, 1968, or on any interest payment date there- atter, by paying the principal amount and 'unpaid accrued interest thereon to the date tixed tor redemption. In the event all or any part ot the bonds then outstanding shS.ll be called tor redemption betore maturity, notice thereot in writing shall be mailed, properly stamped and addressed, to The First National Bank, La Porte, Texas, and shall be published in a tinancial journal published in New York, New York and of general circulation in the United State s ot America ,at least one time and said notice shall be mailed and published at !least thirty (30) days betore the date tixed tor redemption. When Isaid bonds, or any part thereof, have been called tor redemption land due provision has been made to redeem the sa~ as herein provide ,. the right ot the owners and holders to collect interest which would lotherwise accrue after the redemption date on the bonds called tor t ',redemption, shall be terminated as of the date fixed tor redemption. Section~ Said bonds shall bear interest as tollows: Bonds No. 11 to 21, both inclusive, at the rate of 3-1/4% per annum, and Bonds I INos. 22 to 200, both inclusive, at the rate ot 3-1/2% per annum, interest payable on the 15th day of January, 1954, and semi-annually I Ithereaft.er on the 15th day of ~UlY a~d the 15th day ot January in I each year until the principal is paid. Both principal and interest on said bonds shall be payable in lawful money of the United States ot America at The First National Bank, La. Porte, Texas, and interest taIling due on and prior to maturity shal~ be payable only upon resentation and surrender of the interest coupons attached to said bonds as they severally become due. ,Section 4: That each of said bonds shall be signed by the Mayor I I nd countersigned by the City Clerk and the corporate seal of the I ,I !I