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<br />right to, and may, at its option, change the Paying Agent/Registrar upon not less than 120 days written notice to
<br />the Paying Agent/Registrar, to be effective not later than 60 days prior to the next principal or interest payment
<br />date after such notice. In the event that the entity at any time acting as Paying Agent/Registrar (or its successor
<br />by merger, acquisition, or other method) should resign or otherwise cease to act as such, the Issuer covenants
<br />that promptly it will appoint a competent and legally qualified bank, trust company, fmancial institution, or other
<br />agency to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar,
<br />the previous Paying Agent/Registrar promptly shall transfer and deliver the Registration Books (or a copy
<br />thereof), along with all other pertinent books and records relating to the Bonds, to the new Paying Agent/Regis-
<br />trar designated and appointed by the Issuer. Upon any change in the Paying Agent/Registrar, the Issuer promptly
<br />will cause a written notice thereof to be sent by the new Paying Agent/Registrar to each registered owner of the
<br />Bonds, by United States mail, frrst-class postage prepaid, which notice also shall give the address of the new
<br />Paying Agent! Registrar. By accepting the position and perfonning as such, each Paying Agent/Registrar shall
<br />be deemed to have agreed to the provisions of this Ordinance, and a certified copy of this Ordinance shall be
<br />delivered to each Paying Agent/Registrar.
<br />
<br />SECTION 5. FORM OF BONDS. The fonn of the Bonds, including the fonn of Paying Agent/Registrar's
<br />Authentication Certificate, the fonn of Assignment, the fonn of Statement of Insurance, and the fonn of
<br />Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be attaChed to the Bonds
<br />initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, with such
<br />appropriate variations, omissions, or insertions as are pennitted or required by this Ordinance.
<br />
<br />[,FORM OF BOND]
<br />
<br />[,Fonn of Front Panel of Bond]
<br />
<br />NO.R-
<br />
<br />United States of America
<br />CITY OF~XAS, AMOUNT
<br />GENERAL OBLIGATION REFUNDING BOND
<br />SERIES 1994
<br />
<br />PRINCIPAL
<br />
<br />INTEREST RATE
<br />
<br />MATURITY DATE
<br />
<br />ISSUE DATE
<br />April 1, 1994
<br />
<br />CUSIP NO.
<br />
<br />REGISTERED OWNER:
<br />
<br />PRINCIPAL AMOUNT:
<br />
<br />DOLLARS
<br />
<br />ON THE MATURITY DATE, specified above, THE CITY OF LA PORTE, a home rule city and
<br />municipal corporation of the State of Texas (the "Issuer"), hereby promises to pay to the Registered Owner,
<br />specified above, or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified
<br />above, and to pay interest thereon from the Issue Date, specified above, on August 15, 1994, and semiannually
<br />on each February 15 and August 15 thereafter to the Maturity Date, specified above, or the date of redemption
<br />prior to maturity, at the Interest Rate per annum, specified above; except that if this Bond is required to be
<br />authenticated and the date of its authentication is later than the first Record Date (hereinafter defined), such
<br />principal amount shall bear interest from the interest payment date next preceding the date of authentication,
<br />unless such date of authentication is after any Record Date but on or before the next following interest payment
<br />date, in which case such principal amount shall bear interest from such next following interest payment date;
<br />provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for
<br />which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date
<br />to which such interest has been paid in full.
<br />
<br />THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States
<br />of America, without exchange or collection charges. The principal of this Bond shall be paid to the registered
<br />owner hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption
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