O-1991-1755 - Laserfiche WebLink

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e EXHIBIT B . $3,425,000 CITY OF LA PORTE Waterworks and Sewer System Revenue Refunding Bonds, Series 1991 BOND PURCHASE AGREEMENT May 14, 1991 City Council City of La Porte 604 W. Fairmont Parkway La Porte, Texas 77571 Dear Mayor and Members of the City Council: The undersi~ned (the "Underwriter"), offers to enter into this Bond Purchase ~reement with City of La Porte (the "City"). This offer is made subject to the CIty'S acceptance of this Bond Purchase Agreement on or before 9:00 p.m., Central Daylight Savings Time on May, 14, 1991. 1. Purchase and Sale of the Bonds. Upon the terms and conditions and upon the basis of the representations set forth herein, the Underwriter hereby agrees to purchase from the City, and the City hereby agrees to sell and deliver to the Underwriter an aggregate of $3,425,000.00 princi{>al amount of City of La Porte Waterworks and Sewer System Revenue Refundmg Bonds, Series 1991 (the "Bonds"). The Bonds shall be dated April 15, 1991, shall have the maturities and bear interest at the rate or rates per annum as shown on the cover page of the Official Statement (hereinafter defined), such interest being payable on September 15, 1991., and semiannually thereafter on March 15 and September 15 in each year until maturity or prior redemption. The purchase price for the Bonds shall be $3,402,025.84 (representing the par amount of the Bonds of $3,425,000, less an original issue discount of $7,730.10, less an underwriter's fee of $48,819.95 and plus interest accrued on the Bonds from their date to the date of the payment for and delivery of the Bonds (the "Closing") of $33,575.89). Exhibit A hereto is the Official Statement, including the cover page and Appendices thereto, of the City, dated May 14, 1991, with respect to the Bonds. The Official Statement, including the cover page and Appendices thereto, as further. amended only in the manner hereinafter provided, is hereinafter called the "Official Statement." .