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<br />ON THE MATURITY DATE, specified above, THE CITY OF LA PORTE, a home rule city and
<br />mupicipal corporation of the State of Texas (the "City"), hereby promises to pay to the Registered Owner, specified
<br />above, or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified above, and
<br />to pay interest thereon from the Issue Date, specified above, on March 15, 2003, and semiannually on each
<br />September 15 and March 15 thereafter to the Maturity Date, specified above, or the date of redemption prior to
<br />maturity, at the Interest Rate per annum, specified above; except that if this Bond is required to be authenticated and
<br />the date of its authentication is later than the first Record Date (hereinafter defined), such principal amount shall
<br />bear interest from the interest payment date next preceding the date of authentication, unless such date of
<br />authentication is after any Record Date but on or before the next following interest payment date, in which case such
<br />principal amount shall bear interest from such next following interest payment date; provided, however, that if on
<br />the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is
<br />due but has not been paid, then this Bond shall bear interc;st from the date to which such interest has been paid in
<br />full.
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<br />THE PRn-lCIPAL OF AND INTEREST ON this Bond are Ilayable in lawful money of the United States of
<br />America, without exchange or collection charges. The principal of this Bond shall be paid to the registered owner
<br />hereof upon presentation and surrender of this Bond (It maturity or upon the date fixed for its redemption prior to
<br />maturity, at the designated payment office of JPMORGAN CHASE BANK, Dallas, Texas, or its successor, which is
<br />the "P(lying Agent/Registrar" for this Bond. The payment of interest on this Bond shall be made by the Paying
<br />AgentlRegistrar to the registered owner hereof on each interest payment date by check, dated as of such interest
<br />payment date, drawn by tl1e Pa~g AgentlRegistrar on, and payable solely from, funds of the City required by the
<br />ordinance authorizing the issuance of this Bond adopted on July 22, 2002 (the "Bond Ordinance") to be on deposit
<br />with the P(lying AgentlRegistrar tor such Qurpose as hereinafter QroviQ.ed; and such check shall be sent by the
<br />Paying AgentlRegistrar by United States mail, first-class postage prepaid, on each such interest payment date, to the
<br />n;gistered owner hereof, at its address as it appeared on the last business day of the month next preceding each such
<br />date (the "Record Date") on the Registration Books kept by the Paying AgentlRegistrar, as hereinafter described. In
<br />(lddition, interest m(lY be paid by such other method, acceptable to the Paying AgentlRegistrar, requested by, and at
<br />the risk and expense of, the registered owner.
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<br />THIS BOND is Qne of a series of Bonds dated as of July l5, 2002, authorized in accordance with the
<br />Constitution and laws of the State of Texas in the original principal amount of $5,400,000 for the purpose of
<br />providing filnds for the construction of improvements to the City's wastewater trc;atment plant and the relocation of
<br />Fire Station No.2 and the renovation of old Fire Station No.2 for emergency medical services.
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<br />REfERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THE BOND SET FORTH ON
<br />THE REVERSE HEREOF, WHICH PROVISIONS SHALL HAVE THE SAME FORCE AND EFFECT AS IF
<br />SET FORTH IN THIS SPACE.
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<br />IN WITNESS WHEREOF, the City has caused this Bond to be signed with the manual or facsimile
<br />signature of the Mayor of the City and countersigned with the manual or facsimile signature of the City Secretary of
<br />the City, and has caused the official seal of the City to be duly impressed, or placed in facsimile, on this Bond.
<br />
<br />CITY OF LA PORTE, TEXAS
<br />
<br />City Secretary
<br />City of LaPorte, Texas
<br />
<br />Mayor
<br />City of La Porte, Texas
<br />
<br />[Form of Back Panel of Bond]
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<br />THE BONDS are i~sueQ. pursuant to the Bond Ordinance whereunder the City covenants to levy a
<br />continuing direct annual ad valorem tax on taxable property within the City, not to exceed $2.50 per assessed $100
<br />v(lluation, as provided in Article XI, Section 5 of the Texas Constitution, tQr each year while any part of the Bonds
<br />are considered outstanding under the provisions of the Bond Ordinance, in sufficient amount to pay interest on each
<br />Bond (lS it becomes due, to provide a sinking fund for the payment of the principal of the Bonds when due, and to
<br />pay the expenses of assessing and collecting such tax, all as more specifically provided in the Bond Ordinance.
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<br />063939.0001 AUSTIN 280348 v2
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