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<br />e <br /> <br />e <br /> <br />. and in the respective amounts shown in the following schedule, to-wit: <br /> Bon ds Nos. Maturity Amount <br /> 1 - 38 1960 $ 38,000 <br /> 39 - 80 1961 42, 000 <br /> 81 - 123 1962 43,000 <br /> 124 - 168 1963 45,000 <br /> 169 - 215 1964 47,000 <br /> 216 - 225 1965 10,000 <br /> 226 - 235 1966 10,000 <br /> 236 - 245 1967 10,000 <br /> 246 - 255 1968 10,000 <br /> 256 - 265 1969 10,000 <br /> 266 - 275 1970 10,000 <br /> 276 - 285 1971 10,000 <br /> 286 - 295 1972 10,000 <br /> 296 - 305 1973 10,000 <br /> 306 - 315 1974 10,000 <br />. 316 - 325 1975 10,000 <br /> 326 - 350 1976 25,000 <br /> 351 - 375 1977 25,000 <br /> 376 - 420 1978 45,000 <br /> 421 - 465 1979 45,000 <br /> 466 - 490 1980 25,000 <br /> Section 3: That said bonds shall bear interest at the following <br /> rates per annum, to-wit: <br /> <br />~ <br /> <br />interest payable March 15, 1960, and semi-annually thereafter on <br /> <br />September 15th and March 15th of each year until the principal sum is <br /> <br />paid. Both principal of and interest on said bonds shall be payable <br /> <br />in lawful money of the United States of America, without exchange or <br /> <br />collection charges to the owners or holders, at the First National <br /> <br />Bank, La Porte, Texas. The principal of said bonds shall be payable <br /> <br />only upon presentation and surrender of the bonds as they respectively <br /> <br />~ <br /> <br />become due, and interest falling due on and prior to the respective <br /> <br />maturity dates of the bonds shall be payable only upon presentation <br /> <br />and surrender of the interest coupons attached to said bonds as they <br /> <br />- 3 - <br />