07-12-21 Regular meeting of the La Porte City Council

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If interest on any Certificate is not paid on any Interest Payment Date and continues unpaid for thirty (30) days thereafter, the Paying Agent/Registrar shall establish a new record date for the payment of such interest, to be known as a Special Record Date. The Paying Agent/Registrar shall establish a Special Record Date when funds to make such interest payment are received from or on behalf of the City. Such Special Record Date shall be fifteen (15) days prior to the date fixed for payment of such past due interest, and notice of the date of payment and the Special Record Date shall be sent by United States mail, first class, postage prepaid, not later than five (5) days prior to the Special Record Date, to each affected Registered Owner as of the close of business on the day prior to mailing of such notice. Section 3.3: Numbers, Denomination, Interest Rates and Maturities The Certificates shall be initially issued bearing the numbers, in the principal amounts and bearing interest at the rates set forth in the following schedule, and may be transferred and exchanged as set out in this Ordinance. The Certificates shall mature on March 15 in each of the years and in the amounts set out in such schedule. Certificates delivered in transfer of or in exchange for other Certificates shall be numbered in order of their authentication by the Paying Agent/Registrar, shall be in the denomination of $5,000 or integral multiples thereof and shall mature on the same date and bear interest at the same rate as the Certificate or Certificates in lieu of which they are delivered. Year of Principal Interest MaturityAmount Rate 2022 $235,000\[____%\] 2023 $280,000\[____%\] 2024 $290,000\[____%\] 2025 $300,000\[____%\] 2026 $615,000\[____%\] 2027 $630,000\[____%\] 2028 $650,000\[____%\] 2029 $670,000\[____%\] 2030$690,000\[____%\] 2031 $710,000\[____%\] 2032 $735,000\[____%\] 2033 $755,000\[____%\] 2034 $780,000\[____%\] 2035 $805,000\[____%\] 2036 $825,000\[____%\] 2037 $850,000\[____%\] 2038 $880,000\[____%\] 2039 $905,000\[____%\] 2040 $935,000\[____%\] 2041 $960,000\[____%\] Section 3.4: Redemption Prior to Maturity The Certificates are subject to redemption as provided in the FORM OF CERTIFICATES set forth in Article IV of and Exhibit A to this Ordinance. 4