O-1959-576 - Laserfiche WebLink

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. . ~ ~ e e Texas, FOR VALUE RECEIVED, acknowledges itself indebted to and hereby promises to pay to bearer on the 15th day of March, 19___, the sum of ONE THOUSAND DOLLARS ~l,OOO), with interest thereon from the date hereof at the rate of ~ (NOTE TO PRINTER: For interest rates see Section 3 of Bond Ordinance) interest payable March 15, 1960, and semi-annually there- after on September 15th and March 15th of each year until the prin- cipal sum shall have been paid. Both principal of and interest on this bond are payable in lawful money of the United States of America, without exchange or collection charges to the owner or holder, at the First National Bank, La Porte, Texas. The principal hereof shall be payable only upon presentation and surrender of this bond, and interest falling due on and prior to maturity of this bond shall be payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. THE DATE OF THIS BOND, in conformity with the ordinance herein- after mentioned, is September 15, 1959. THIS BOND IS ONE OF A SERIES OF 60 BONDS of like tenor and effect, except as to number, maturity, and interest rate, being numbered from 1 to 60, both inclusive, in the denomination of $1,000 each, aggre- gating $60,000, and, together with the other bonds of said series, is issued for the acquisition of a capital project, to-wit: purchasing and/or improving lands for park purposes, under and by virtue of the Constitution and laws of the State of Texas, particularly Chapters 1 and 7 of Title 22, Revised Civil Statutes of Texas, 1925, as amended, and the City Charter of said City, particularly Article VI thereof, and by authority of a majority vote of the duly qualified resident electors of said City who owned taxable property within said City and who had duly rendered the same for taxation at an election held - 4 -