O-1979-1158 - Laserfiche WebLink

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e e as if the Mayor and City Clerk had in person and manually . signed each such bond and interest coupon and as if the official seal of said City had been manually impressed upon each such bond. Section 6: That the form of said bonds, including the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and en- dorsed on each bond, and the form of interest coupons to be attached to said bonds shall be, respectively, substantially as follows: (FORM OF BOND) . No. , $5,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HARRIS CITY OF LA PORTE, TEXAS GENERAL OBLIGATION BOND SERIES 1979 On February 15, ',the City of La Porte in the County of Harris, State of Texas, for value received, hereby promises to pay to bearer the principal amount of FIVE THOUSAND DOLLARS . and to pay interest thereon, from the date hereof, at the rate of % per annum, evidenced by interest coupons pay- able August 15, 1979 and semiannually thereafter on February 15 and August 15 of each year while this bond is outstanding. The principal of this bond and the interest coupons attached hereto 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 this bond or proper interest coupon 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 this series of bonds. -' PROVIDED, HOWEVER, that said City reserves the right to redeem, in whole or in part, all bonds of said series maturing in the years 1990 through 1995 on February 15, 1989, or on any interest payment date thereafter by paying the principal thereof and accrued interest thereon. If less than all of said bonds then outstanding are called for redemption, then the bonds shall be called in inverse numerical order. Notice of such redemption shall be given in writing to Bayshore National Bank, La Porte, Texas, at least thirty (30) days prior to the date fixed for redemption and written notice shall also be given by publishing a copy of said notice in a financial publication of general circulation in the United States one (1) time at least thirty (30) days prior to the date fixed for redemption. Any bond or bonds called for redemption, due provision for the payment of which having been timely made, shall cease to bear interest from and after the date fixed for redemption. -4-