1980-12-17 Regular Meeting - Laserfiche WebLink

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e e ~ . e Exhibit A NO. UNITED STATES OF AMERICA $5,000 STATE OF TEXAS COUNTY OF HARRI S CITY OF LA PORTE, TEXAS, CERTIFICATE OF OBLIGATION, SERIES 1980 THIS IS TO CERTIFY that, FOR VALUE RECEIVED, the City of La Porte, a municipal corporation of the State of Texas, is justly indebted to and hereby obligates itself to pay to the bearer on the FIRST DAY OF FEBRUARY, 19 , the sum of - FIVE THOUSAND DOLLARS with interest thereon from the date hereof to maturity at the rate of SEVEN AND THREE-FOURTHS PER CENTUM (7 3/4%) per e annum, evidenced by interest coupons payable on August 1, 1981, and semiannually thereafter on February l' and August 1 of each year while this certificate is outstanding. The principal of this certificate and the interest coupons attached hereto shall be payable to bearer, in lawful money of the United States of America, without exchange or collec- tion charges to the bearer, upon presentation and surrender of this certificate or proper interest coupon at Bayshore National Bank, La Porte, Texas, or, at the option of the bearer, at First City Bank of La Porte, La Porte, Texas, which banks shall be the paying agents for this series of certificates of obligation. THIS CERTIFICATE is one of a series of certificates of obligation dated November 1, 1980, issued in the aggregate principal amount of $800,000 and together with other certifi- cates of said series, is issued to obtain funds for the purpose of constructing and purchasing a public works service center, under and by virtue of the Constitution and laws of the State of Texas, including The Certificate of Obligation Act of 1971, as amended, and in accordance with an ordinance duly passed and adopted by the Council of the City of La Porte, Texas, and of record in the minutes of said Council. IT IS HEREBY CERTIFIED, RECITED AND REPRESENTED e that all acts, conditions or things required to be done precedent to and in the issuance of this certificate and the series of which it is a part have been properly done, have happened and been performed in regular and due time, form and manner as required by the Constitution and laws of the State of Texas and the ordinance authorizing this series of certificates; that the total indebtedness of the City, including this certificate and the series of which it is a part, does not exceed any constitutional or statutory limita- tion, and that a sufficient tax to pay the principal of and interest on this certificate and of the series of which it is a part at their respective maturities has been levied and will continue to be levied and collected and applied in payment thereof. IN TESTIMONY WHEREOF, this certificate and the e interest coupons attached hereto have been signed by the imprinted or lithographed facsimile signature of the Mayor