O-1990-1727 - Laserfiche WebLink

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e e substantially as follows, with such appropriate variations, omissions, or insertions as are permitted or required by this Ordinance: FORM OF BONDS: $ NO. United States of America State of Texas CITY OF LA PORTE, TEXAS, GENERAL OBLIGATION BOND, SERIES 1990 MATURITY DATE INTEREST RATE % ORIGINAL ISSUE DATE CUSIP September 15, 1990 ON THE MATURITY DATE, SPECIFIED ABOVE, TIlE CI1Y OF LA PORTE, TEXAS (the "City"), hereby promises to pay to , or the registered assignee hereof (either being hereinafter called the "registered owner") the principal amount of and to pay interest thereon, from the original issue date of this Bond, specified above, to the date of its scheduled maturity or the date of its redemption prior to scheduled maturity, at the rate of interest per annum, specified above, with said interest being payable on March 15, 1991, and semiannually on each September 15 and March 15 thereafter. TIlE TERMS AND PROVISIONS of this Bond are continued on the reverse side hereof and shall for all purposes have the same effect as though fully set forth at this place. TIlE PRlNCIP AL OF AND INTERFSf ON this Bond are payable in lawful money of the United States of America, without exchange or collection charges. The principal of this Bond shall be paid to the registered owner hereof upon presentation and surrender of this Bond at maturity or upon the date fIXed for its redemption prior to maturity, at the principal corporate trust office of FIRST CI1Y, TEXAS - HOUSTON, NA, HOUSTON, TEXAS, which is the "Paying AgentIRegistrar" for this Bond. The payment of interest on this Bond shall be made by the Paying AgentlRegistrar to the registered owner hereof as shown by the Registration Books kept by the Paying AgentlRegistrar at the close of business on the Record Date by check drawn by the Paying AgentlRegistrar on, and payable solely from, funds of the City required to be on deposit with the Paying AgentlRegistrar for such purpose as hereinafter provided; and such check shall be sent by the Paying Agent/Registrar by United States mail, postage prepaid, on each such interest payment date, to the registered owner hereof at its address as it appears on the Registration Books kept by the Paying Agent/Registrar, as hereinafter described. The record date ("Record Date") for the interest payable on any interest payment date means the last business day of the month next preceding a scheduled interest payment. In the event of a non-payment of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the "Special Payment Date", which 6