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<br />e <br /> <br />e <br /> <br />TO: <br /> <br />Trustee Bank <br /> <br />SAFEKEEPING AGREEMENT <br /> <br />The undersigned, being a duly qualified and acting officer of <br />the undersigned Bank, acting for and on behalf of said Bank, does <br />hereby deposit with the above named Trustee banking institution, the <br />bearer bonds set out on the Schedule of Bonds attached hereto. <br />You are instructed that the bonds deposited with you are deposited <br />pursuant to an agreement to deposit public funds with the undersigned <br />.Bank by the City of La Porte. <br />It is agreed and understood that you are to release these bonds <br />only upon written authorization of the undersigned Bank and the City <br />of La Porte by an appropriate release, in a form as attached hereto. <br />However, in the event the undersigned Bank shall fail and/or refuse <br />to pay, upon written demand and notice given at least twenty-four <br />(24) hours before the date any time deposits on deposit with the <br />undersigned Bank by the City of La Porte, are due, or demand made, <br />you are instructed and authoriz ed to deliver to the Finance Off icer <br />of the City of La Porte, all bonds and/or securities deposited here- <br />under without further authorization, release or direction by the <br />undersigned Bank, so long as you shall be furnished a certified copy <br />of an ordinance duly enacted by the City Council of the City of <br />La Porte, which ordinance shall provide: <br />