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• • <br />letters of the Committee on Uniform Securities Identifica- <br />tion Procedures of the American Bankers Association) and <br />such legends and endorsements (.including the reproduction of <br />an opinion of counsel), thereon as may, consistently herewith, <br />be established by the Authority or determined by the officers <br />executing such Bonds as evidenced by their execution thereof. <br />3.01. Form of Bond. <br />Registered <br />No . <br />UNITED STATES OF AMERICA <br />STATE OF TEXAS <br />COUNTY OF HARRIS <br />LA PORTE AREA WATER AUTHORITY <br />CONTRACT REVENUE BOND <br />SERIES 1988 <br />Interest Rate Due <br />December i, <br />Registered <br />Initial Date <br />June 1, 1988 <br />La Porte Area Water Authority, in the County of <br />Harris, State of Texas (the "Authority"), for value received, <br />hereby promises to pay to <br />or registered assigns, on the due date shown above, the sum <br />of DOLLARS, <br />and to pay interest thereon, at the rate specified above, <br />from the date of delivery, beginning June 1, 1989, and semi- <br />annually thereafter on June 1 and December 1 of each year <br />until the principal sum shall have been paid, such interest <br />to be computed on the basis of a 360-day year of twelve <br />30-day months. The principal of this Bond is payable in <br />lawful money of the United States of America, without <br />exchange or collection charges, at the principal corporate <br />trust office of First City National Bank of Houston, Houston, <br />Texas, or its successor (the "Paying Agent/Registrar") upon <br />presentation and surrender of this Bond. The interest on <br />this Bond payable on any interest payment date will be paid <br />to the person, firm or corporation in whose name this Bond <br />is registered at the close of business on the 15th day of <br />the calendar month next preceding such interest payment date <br />022DESA0/024C04 -11- <br />