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<br />LA PORTE AREA WATER AUTHORITY
<br />Notes to Financial Statements
<br />(6) Bonds Payable
<br />On Mazch 7, 1988 (amended epsl 12Acts of the 67th LLegislature of thBStateooflTexas~rRegular Sessionty1981 andeChapter 54 of the Te~OW~ater Codeg~ ~S ptcmber 30~ 990, all of these
<br />. with Chapter 729, page 2,678 eq
<br />bonds had been issued. The bonds are payable from the net revenues of the Authority. The bonds are in $5,000 denominations. Interest on all bonds is payable on June ]and December 1 o eac
<br />yeaz to maturity.
<br />The following is a summary of other information relative to bonds outstanding:
<br />Callable on Principal
<br />Ori~a1 Total Issuance Matttrity date interest paymen[ amount
<br />issue outstanding at Interest ~,>atLnin,R engine datac beemnme ~~ll;lblti
<br />Series am4.td01 September 0__1990 [;~ ~
<br />Series 1988 $5,000,000 5,000,000 4.95% to 7.05% November 1, 1988 December 1, 19918015 December 1, 1998 $5,000,000
<br />Series II 1988 4 800.000 4,$00,000 5.15%_ to7.OS°7o December 1, 1988 December 1, 1992/L016 December 1, 1998 4,800,000
<br />$9.800.000 9.800.000
<br />The various bond indenture Vaon~ s s~niFicfiman~l ~itdano~~ cvc ut~°~ d ~ovuagesebThe Authonity isein compliance w th allnsuch st~tifictant futancial lirnitauons and restrictions~~ minimum
<br />amounts to be maintained to 8
<br />The annual requirements for bonds payable as of September 30, 1990 are as follows:
<br />ti.~ Principal ~~ -*~ J
<br /> -
<br />$ 661,156 ~
<br />1991
<br />1992 80,000 659,175
<br />• 1993 160,000
<br />000
<br />170 653,075
<br />644,407
<br />~ ~
<br />1994
<br />1995-1999 ,
<br />1,055,000 3,054,770 b' z
<br />2000.2004 1,480,000
<br />000
<br />085
<br />2 2,657,854
<br />2,056,142 _ >
<br />~ ~
<br />2005-2009 ,
<br />,
<br />000
<br />915
<br />2 1,193,731 ~ ~
<br /> ,
<br />,
<br />~ ~'~
<br />201-20]7
<br />$9 800,000
<br />11 573,564 ~, >
<br />
<br />0
<br /> -1
<br />
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