Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />properties of the.Authority, or from any funds raised or to <br />be raised by taxation by the Authority, the City of La " <br />Porte, Texas, the Stat~ of Texas or any subdivision of any <br />of them. <br /> <br />The Authority. has reserved the right to redeem, in <br />whole or from time to time in part, all of the Bonds on <br />December 1, 1998, or any interest payment date thereafter, <br />by paying the principal thereof and accrued interest thereon. <br />If less than all of the Bonds are to be redeemed, the <br />Authority shall designate the principal amount of Bonds of <br />each maturity to be redeemed and the particular Bonds within <br />each maturity in integral multiples of $5,000. At least 30 <br />days' prior notice of any such redemption shall be given by <br />mail as provided in the. Bond Resolution. Any Bond or Bonds <br />duly called for redemption, due provision for the full <br />payment.of which has. been timely made, shall cease to bear <br />interest from and after the date fixed for redemption. <br /> <br />'. As provided in the Bond Resolution and subject to <br />certain limitations therein set forth, .this Bond is transfer- <br />able on the .Bond Register of the Authority, upon surrender <br />of this Bond for,transfer at the principal office of the <br />Paying Agent/Registrar, duly endorsed, or accompanied by a <br />written instrument of transfer in form satisfactory to the <br />Paying Agent/Registrar duly executed, by the registered <br />owner hereof or his attorney duly authorized in writing, and <br />thereupon one'or more new fully registered Bonds of the same <br />maturity, of authorized denominations, bearing the same rate <br />of interest and for the same aggregate principal amount will <br />be issued to the designated transferee or transferees. <br /> <br />. Neither the Authority nor the Paying Agent/Registrar <br />shall be required (1) to transfer or exchange this Bond <br />during the period of 15 calendar days next preceding any <br />interest payment date or (2) to transfer or exchange this <br />Bond during the 30-day period prior to. the date fixed for <br />redemption of this Bond. ' <br /> <br />The Authority, the Paying Agent/Registrar and any <br />agent of either of them may treat the person, firm or <br />corporation in whose name this Bond is registered as the <br />owner he~eof for the-purpose of receiving payment as herein <br />provided and for all. other purposes, whether or not this <br />Bond be ov~r.du~, ..and :nei.~her:::th~ ".A'4-tl)ori ty i" :the' Paying - . .: . <br />Agent/Registrar.nor any 'such agent shall be affected by <br />notice or knowledge to the contrary. <br /> <br />022DESAO/024C05 <br /> <br />-13- <br />