O-1959-576 - Laserfiche WebLink

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e e . interest payable March 15, 1960, and semi-annually thereafter on September 15th and March 15th of each year until the principal sum is paid. Both principal of and interest on said bonds shall be payable in lawful money of the United States of America, without exchange or collection charges to the o~~ers or holders, at the First National Bank, La Porte, Texas. The principal of said bonds shall be payable only upon presentation and surrender of the bonds as they respectively become due, and interest falling due on and prior to the respective maturity dates of the bonds shall be payable only upon presentation and surrender of the interest coupons attached to said bonds as they ~ severally become due. Section 4: That, in accordance with the provisions of Chapter 293, Acts of the 54th Legislature of Texas, Regular Session, 1955 (codified in Vernon's Texas Civil Statutes as Article 717j), each of said bonds shall be signed by the Mayor and countersigned by the City Clerk, by their facsimile signatures, and the corporate seal of said City shall be impressed on each of said bonds. The interest coupons attached to said bonds shall also be executed by the facsimile signa- tures of said Mayor and City Clerk. Said facsimile signatures, as ~ above provided, may be engraved, lithographed or printed, and shall have the same effect as if said bonds and coupons had been signed in person by each of said officers. The Comptroller's registration certificate, as provided hereafter in Section 7 of this ordinance, shall be manually subscribed. Section 5: That the form of said bonds shall be substantially as follows: NO. $1,000.00 ~ UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HARRIS CITY OF LA PORTE PARK BOND, SERIES 1959 THE CITY OF LA PORTE, in the County of Harris, in the State of - 3 -