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<br />prior to maturity, at the principal corporate trust office of Texas Commerce Bank National Association,
<br />Houston, Texas, or its successor, which is the "Paying Agent/Registrar" for this Bond. The payment of interest
<br />on this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof on each interest
<br />payment date by check, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and
<br />payable solely from, funds of the Issuer required by the ordinance authorizing the issuance of this Bond adopted
<br />on , 1994 (the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose
<br />as hereinafter provided; and such check shall be sent by the Paying Agent/Registrar by United States mail, first-
<br />class postage prepaid, on each such interest payment date, to the registered owner hereof, at its address as it
<br />appeared on the last business day of the month next preceding each such date (the "Record Date") on the Regis-
<br />tration Books kept by the Paying Agent/Registrar, as hereinafter described. In addition, interest may be paid by
<br />such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the
<br />registered owner.
<br />
<br />THIS BOND is one of a Series of Bonds dated as of April 1, 1994, authorized in accordance with the
<br />Constitution and laws of the State of Texas in the original principal amount of $7,505,000 FOR THE PURPOSE
<br />OF PROVIDING FUNDS TO REFUND CERTAIN OF THE ISSUER'S OUTSTANDING OBLIGATIONS (as
<br />described in the preamble to the Bond Ordinance).
<br />
<br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THE BOND SET FORTH ON
<br />THE REVERSE HEREOF, wmCH PROVISIONS SHALL HAVE THE SAME FORCE AND EFFECT AS IF
<br />SET FORTH IN THIS SPACE.
<br />
<br />IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or facsimile
<br />signature of the Mayor of the Issuer and countersigned with the manual or facsimile signature of the City
<br />Secretary of the Issuer, and has caused the official seal of the Issuer to be duly impressed, or placed in facsimile,
<br />on this Bond.
<br />
<br />CITY OF LA PORTE, TEXAS
<br />
<br />(facsimile si~nature)
<br />City Secretary
<br />
<br />(facsimile si~nature)
<br />Mayor
<br />
<br />[Fonn of Back Panel of Bond]
<br />
<br />THE BONDS are issued pursuant to the Bond Ordinance whereunder the Issuer covenants to levy a
<br />continuing direct annual ad valorem tax on taxable property within the Issuer, not to exceed $2.50 per assessed
<br />$100 valuation, as provided in Article XI, Section 5 of the Texas Constitution, for each year while any part of
<br />the Bonds are considered outstanding under the provisions of the Bond Ordinance, in sufficient amount to pay
<br />interest on each Bond as it becomes due, to provide a sinking fund for the payment of the principal of the Bonds
<br />when due, and to pay the expenses of assessing and collecting such tax, all as more specifically provided in the
<br />Bond Ordinance. Reference is hereby made to the Bond Ordinance for provisions with respect to the custody
<br />and application of the Issuer's funds, remedies in the event of a default hereunder or thereunder, and the other
<br />rights of the registered owner,
<br />
<br />THIS BOND IS lRANSFERABLE OR EXCHANGEABLE only upon presentation and surrender at the
<br />principal corporate office of the Paying Agent/Registrar. If this Bond is being transferred, it shall be duly
<br />endorsed for transfer or accompanied by an assignment duly executed by the registered owner, or his authorized
<br />representative, subject to the tenns and conditions of the Bond Ordinance.
<br />
<br />ANY ACCRUED INTEREST DUE at maturity or upon the redemption of this Bond prior to maturity as
<br />provided herein shall be paid to the registered owner upon presentation and surrender of this Bond for redemp-
<br />tion and payment at the principal corporate trust office of the Paying Agent/Registrar. The Issuer covenants with
<br />the registered owner of this Bond that on or before each principal payment date, interest payment date, and
<br />accrued interest payment date for this Bond it will make available to the Paying Agent/Registrar, from the "Inter-
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