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• <br />OFFICIAL BID FOAM <br />Honorable Mayor and City Council <br />City of La Porte <br />La Porte, Texas <br />Gentlemen: <br />This bid is submitted under the terms and conditions of your "Official Notice of Sale" dated July 2,1980, <br />of $3, 850, 000 City of La Porte, Texas, General Obligation and Refunding Bonds, Series 1980, terms and condi- <br />tions of which "Official Notice of Sale" are made a part hereof. <br />For your legally issued $3, 850, 000 of Bonds, as described in said "Official Notice of Sale," we will pay you <br />par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ •-- o - <br />for bonds bearing interest as follows: <br />Bonds Maturing 1981 through 19~ 9 ~ <br />188~through 19c~8 7. / ~ 96 <br />19~through 19 q2 ~ 96 <br /> r~ <br />19~through 19 ~S~ SO ;$ <br />7 <br />19~ through 19~ p <br />CS 9b <br />Interest cost, is accordance with the above bid, is: <br />Gross Interest Cost ~^~ . S <br />Leas Premium <br />~ '- o <br />.. <br />NET INTEREST COST <br />3; d~o~. so <br />/ <br />3 ~ <br />EFFECTIVE INTEREST RATE r <br />~ <br />~ / ~ ,3 2.. ~ <br />Attached hereto or submitted separately is Bank Certified or Bank Cashier's Check of the <br />City National Bank of Austin . Texas , in the amount of $77,000 which <br />represents our Good Faith Deposit and which is submitted in accordance with the terms ae set forth in the <br />"Official Notice of Sale." <br />We request that bonds be delivered at the City National Bank, Austin, Texas ~~ The Capital National <br />Bank, Austin, Texas ( ). Check preference. <br />We have read in detail the "Official Notice of Sale" and the "Official Statement" and we have made such in- <br />vestigations as we deem necessary relating to the City and to the investment quality of These Bonds. <br />ROWLES, WINSTON DIV. COWEN & CO-Jt.Mgr Re~In Associiat~ion With* <br />rewrr-& Sons FRED BAKER & ASSOCIATES INC. - Jt. Mgr <br />nk of Chicago <br />First Na i nal k f F t W t <br />Turner Inc. B <br />ACCEPTANCE CLAUSE Charles L. Wood <br />The above and foregoing bid is hereby in all things accepted by the City of La Porte, Texas, this the <br />day of , 1980. <br />ATTEST: <br />Secretary Mayor, City of La Porte, Texas <br />(See Bond Years on Aeverse Side) <br />