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<br />or portions hereof is or are to be registered. The Fonn of Assignment printed or endorsed on this Bond may be
<br />~xecuted by the registered owner to evidence the assignment hereof: but such method is not exclusive, and other
<br />instruments of assignment satisfuctory to the Paying AgentJRegistrar may be used to evidence the assignment of this
<br />Bond or any portion or I>ortions hereof from time to time by the registered owner. The person requesting such
<br />transfer and exchange shall pay the Paying AgentJRegistrar's reasonable standard or customary tees and charges tor
<br />transferring and exchanging any Bond or portion thereof. In any circumstance, any taxes or governmental charges
<br />required to be paid with respect thereto shall be paid by the person requesting such assignment:. transfer, or
<br />exchange, as a condition precedent to the exer~ise of such I>rivilege. The foregoing notwithstanding, in the case of
<br />the exchange of a portion of a Bond which has been redeemed prior to maturity, as provided herein, and in the case
<br />of the exchange of an assigned and transferred Bond or Bonds or any portion or portions thereof, such fees and
<br />charges of the Paying Agent/Registrar will be paid by the City. The Paying Agent/Registrar shall not be required to
<br />make any such transfer or exchange (i) Quring the period commencing with the close of business on any Record
<br />Date and ending with the opening of business on the next following principal or interest payment date or (ii) with
<br />respect to any }:3ond or any portion thereof called for redemption prior to maturi~, within 45 days prior to its
<br />redemption date.
<br />
<br />IN THE EVENT any pa)ling Agent/Registrar for the BonQs is changed by the City, resigns, or otherwise
<br />ceases to act as such, the City has covenanted in the Bond Ordinance that it promptly will appoint a competent and
<br />l~gally 'lualified substitute th~efor, and cause written notice ther~of to be mailed to the registered owners of the
<br />Bonds.
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<br />BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the
<br />terms and provisions of the Bond Ordinance, agrees to be bound by such terms and provisions, acknowledges that
<br />the Bond Ordinance is Quly recorded and available for inspection in the official minutes and records of the
<br />governing body of the City, and agrees that the terms and provisions of this Bond and the Bond Ordinance constitute
<br />a contract between e\lch registered owner hereof and the City.
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<br />IT IS HEREBY CERTIFIED, RECITED, AND COVENANTED THAT this Bond has been duly and
<br />validly authorized, issveQ, and delivered; all acts, conditions, anQ things reQ..uired or proper to be performed, exist,
<br />and be done precedent to or in the authorization, issuance, and delivery of this Bond have been performed, existed,
<br />anQ been done in accordance with law; and ad valorem taxes sufficient to I>rovide tor the payment of the interest on
<br />and principal of this Bond, as such interest comes due, and as such principal matures, have been levied and ordered
<br />to be levied against all taxable proI>eIty in the City, and have been I>ledged for such payment, within the limit
<br />prescribed by law.
<br />
<br />FORM OF INITIAL BOND
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<br />The Initial Bond shall be in the form set forth above for the Definitive Bonds, except the following shall
<br />replace the heading and the first paragraph and the Bond will be a continuous document:
<br />
<br />NO. I-I
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<br />$5,400,000
<br />
<br />United States of America
<br />State of Texas
<br />CITY OF LA PORTE, TEXAS
<br />LIMITED TAX BOND, SERIES 2002
<br />
<br />Issue Date:
<br />
<br />JULY l5, 2002
<br />
<br />Registered Owner:
<br />
<br />Principal Amount:
<br />
<br />FIVE MILLION FOUR HUNDRED THOUSAND DOLLARS ($5,400,000)
<br />
<br />THE CITY OF LA PORTE, TEXAS (the "City"), for value received, acknowledges itself indebted to and
<br />hereby promises to pay to the order of the Registered Owner, specified above, or the registered assigns thereof (the
<br />
<br />063939_0001 AUSTIN ~8Q3"'8 \'2
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