O-1954-467 - Laserfiche WebLink

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.....---..... . ..-...... e ..--..... It .-~~ . "l ;,. e e The date of this bond, in conformity with the ordinance hereinafter named, is June I, 1954. The City of La Porte reserves the right to redeem, in whole or in part, all bonds of this issue on June 1, 1974, or .on any interest payment date thereafte~, by paying to the owners or holders of said bonds a sum equal to par plus accrued interest on the bonds called for redemption. If the City elects to redeem any of said bonds, notice thereof in writing shall be mailed, properly stamped and addressed, to the bank at which said bonds are.payable and shall be published at least one (1) time in a financial journal published in New York, New York, and of general circulation in the United States of America, and said notice shall be mailed and published at least thirty (30) days before the date fixed for redemption. When said bonds have been called ~or redemption and due provision has been made to redeem the same as herein provided, the right of the owners or holders to collect interest which would otherwise acqrue shall be terminated as of the date fixed for redemption. This. bond is one of a series of twenty (20) bonds of like and maturity, date and tenor, excep~ as to numbert being numbered from one (1) to twenty (20), both inclusive, in the denomination of One Thousand Dollars ($l,OOO:~OO) each, aggregating Twenty Thousand ($20,000) Dollars, and is issued for the purpose of refunding, cancelling and in lieu of a like principal amount of the City of La Porte Street Improvement Time Warrants, Series 1953, 4-1/2%, dated December 15, 1953, numbered from 1 to 40, both inclusive, under and in strict conformity with the Constitution and laws of the State of Texas, particularly Chapter 163, Acts