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<br />. <br /> <br />. <br /> <br />,/"". - - '~'. <br /> <br /> <br />~ Charter of said City, and pursuant to an ordinance lawfully passed <br /> <br />and adopted by the City Commission 0f said City and duly recorded <br /> <br />in the official minutes of sai,d City Commission, to all the pro- <br /> <br />visions of which ordinance the owner or holder of this bond and of <br /> <br />the interest coupons appurtenant hereto, by the acceptance thereof, <br /> <br />expressly assents. <br /> <br />EACH SUCCESSIVE HOLDER OF THIS BOND and each successive <br /> <br />holder of each of the interest coupons hereto attached is conclu- <br /> <br />.,,,"""'--- -...._-. <br /> <br />sively presumed to forego and renounce his equities in favor of sub- <br /> <br />. <br /> <br />sequent holders for value and withou.t notice, and to agree that this <br /> <br />bond and each of the coupons hereto attached may be negotiated by <br /> <br />delivery by any person having possession thereof, howsoever such <br /> <br />possession may have been acquired, and that any holder who shall <br /> <br />have taken this bond OI' any of the coupons from any person for <br /> <br />value and without notice thereby has acquired absolute title there- <br /> <br />to, free from a.ny defenses enforceable against any prior holder <br /> <br />and free from all equities and claims of ownership of any such <br /> <br />/ <br /> <br />--, <br /> <br />prior hOlder. The City of La Porte and its officials and fiscal <br /> <br />.~ agents Shall not be affected by any notice to the contrary. <br />THIS BOND SHALL NOT BE DEEMED TO CONSTITUTE A DEBT of. <br /> <br />the City of La Porte or. a pledge of its faith and credit, but shall <br /> <br />be payable, as to principal and interest, solely from the revenues <br /> <br />derived from tbe opera.tion of the waterworks a.nd sanitary sewer <br /> <br />system of said City, including all additions, extensions, replace- <br /> <br />ments, and improvements t!'.eret'J It,Thi.ch may hereafter be made, after <br /> <br />deduction of the reasona,ble expe~ses of maintenance and operation <br /> <br />.'.,---- - ...... <br /> <br />of said system. The holder hereof sr.~ll never have the right to <br /> <br />. demand payment of thi S ob l.iga '!.1on '-;u."t of' 3.ny funds raised or to be <br /> <br />-8., <br />