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<br />• <br />OFFICIAL BID FORM <br /> <br /> <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 $ 163.00 <br />for bonds bearing interest as follows: <br />Bonds Maturing 1981 through 1984 <br />19~through 19_ <br />1986through 1993 <br />1994through 19_ <br />1995through 19_ <br />19~6through 19~ <br />Interest coat, in accordance with the above bid, is: <br />Gross Interest Cost <br />Leas Premium <br />NET INTEREST COST <br />EFFECTIVE INTEREST RATE <br />7.8240 ~ <br />Attached hereto or submitted separately is Bank Certified or Bank Cashier's Check of the FIRST <br />NATIpNAT. AAN_K T_N nAT.T.AS , in the amount of $77,000 which <br />represents our Good Faith Deposit and which is aubmitte in accordance with the terms as 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 />veatigationa as we deem necessary relating to the City and to the investment quality of These Bonds. <br />Respectfully Submitted, <br />FIRST NATIONAT. BANK IN DAT_.T.AS <br />iderrill-Lynch-6iThite Weld <br />Capital T~iarkets Groun <br />Winton A. c son, J~~ V.P. <br />ACCEPTANCE CLAUSE <br />The above and foregoing bid i8 hereby in all things accepted by the City a Porte, Texas, this the <br />day of 1980. <br />• <br />ATTEST: <br />Secretary Mayor, City of La Porte, Texas <br />(See Bond Years on Reverse Side) <br />9.375 % <br /> <br />9_2Sn ~'o <br /> <br />7.375 ~ <br /> <br />7.600 % <br /> <br />7.800 96 <br /> <br />8.000 % <br /> <br />3,137,593.80 <br />163_.00 <br />3,137,430.80 <br />