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<br />. <br /> <br />e <br /> <br />Ordinance No. 768-A - Page 2 <br /> <br />e <br /> <br />prior to the date of the sale of such bonds. Provided, <br /> <br />however, the'net ef.fective .interest rate of any such <br /> <br />bonds shall never. under. any circumstances exceed e~.ght <br />and three-:quarters per cent (8-3/4%) per annum. Such <br /> <br />bonds shall contain an option for prior redemption on <br />any payment date occurri~g fifteen (15) years after issue <br />date. Such bonds shall further be issued under terms and <br /> <br />conditions approved in writi~g by the City of La Porte." <br /> <br />Section 2. Ordinance No. 768, as hereby amended, shall <br /> <br />remain in full force and effect. <br /> <br />e <br /> <br />Section 3. This Ordinance shall take effect and be in <br /> <br />full force from and after its pass~ge and approval. <br /> <br />PASSED AND APPROVED, this the 20th day of July, A.D. 1970. <br />CITY .oF LA PORTE, TEXAS <br /> <br />By 2t~~ <br /> <br />Mayor <br /> <br /> <br />. <br /> <br /> <br />C <br /> <br />~e'" <br />