O-1979-1158 - Laserfiche WebLink

Browse Search

e _ section 3: That said bonds shall bear interest . per annum from their date until maturity, unless called sooner for prior redemption in accordance with the provi- sions hereof, at the following rates: All bonds scheduled to mature during the years 1982 through /933 &.4-17 % . All bonds ~7}~Uled to mature during the years , through /991 All bonds scheduled to mature during the years / 1if?- threugh All bonds scheduled to mature during the years 1111 through All bonds scheduled to mature during the years J.11!/ tl'trou'31.l All bonds sche9u1ed to mature during the years l11[ through t:w % S;~ % " a / ~I J % ..r.t./-o % .{',tJ .{' % with said interest to be evidenced by interest coupons pay- able on August IS, 1979, and semiannually thereafter on each February 15 and August ,15, until the principal sum is paid in full. Section 4: That the principal of and interest on said bonds shall be payable to bearer, in lawful money of the United states of America, without exchange or collection charges to the bearer, upon presentation and surrender of . proper bond or interest coupon, as the case may be, at Bayshore National Bank, La Porte, Texas, or, at the option of the holder, at First City Bank of La Porte, La Porte, Texas, which banks shall be the paying agents for said bonds. Section 5: That each of said bonds and interest coupons shall be signed by the imprinted or lithographed facsimile signature of the Mayor and countersigned by the imprinted or lithographed facsimile signature of the City Clerk, and the official seal of said City shall be impressed, or imprinted or lithographed on each of said bonds. Such -' facsimile signatures on the bonds and interest coupons and said facsimile seal on the bonds shall have the same effect -3-