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Home My WebLink About1966.06.07 - Utility System Revenue Bond Certificates Series 1966lir r E � }}[ / #i"" 11/ ! V% Q, UNITED STATES OF ` AMERICA �� = 52 =- x}1 'Ww1".Ci b$/ G 4 z rf 9 vi .yr S4,N i RJd lit {/I Y /rte t �i ,i� STATE OF TEXAS COUNTY OF WILLIAMSON 1 i C 01 I,,n,�f 'EI ONE __5000---_ � w �\/%y/i '� •4uffl 0.54. 44J of 'WpDr-��fDWlt � tititil allstrm Rrurmtr Noub grrirs 1966 The City of Georgetown, a lawfully created and existing municipal corporation in Williamson County, Texas, FOR VALUE RECEIVED, hereby promises to pay to &arer, solely from the special funds hereinafter specified, the sum of ITIft tur T4vinsaub :43altars ($5,000 00), on the 1st day of June, 1984 and from said special funds, to pay interest thereon from the date hereof at the rate of four per cent (4%) per annum, on December 1, 1966, and thereafter semi-annually on June 1st and December 1st in each year until the principal amount of this Bond shall have been paid 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 coupons at the Citizens State Bank, Georgetown, Texas, or, at the option of the bearer, at The First National Bank, Georgetown, Texas, or, at the option of the bearer, at Texas Bank & Trust Company of Dallas, Dallas, Texas This Bond is one of a Series of 65 Bonds, numbered consecutzvelg from 1 to 65, inclusive, of the denomination of Five Thousand Dollars ($5,000 00) each, aggregating Three Hundred Twenty-five Thousand Dollars ($325,000 00), (being the first Parcel or installment of a total voted authorization of $400 000 00) Bonds of said Series in the amount of $45,000 00 being issued by the City of Georgetown, Texas, for the purpose of constructing extensions and improvements to the City's water- works system, Bonds of said Series in the amount of $80,000 00 being issued for the purpose of constructing extensions and improvements to the City s sewer system, and Bonds of said Series in the amount of $200 000 00 being issued for the purpose of constructing extensions and improvements to the City's electric light system, in accordance with the Constitution and laws of the State of Texas, particularly Articles 1111-1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and by authority of a vote of the qualified property taxpaying voters of the City of Georgetown, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said City on February 26 1966, and pursuant to an ordinance passed by the Cztg Council of the Citg of Georgetown and duly recorded in the Minutes of said City Council The date of this Bond, in conformity with the ordinance above mentioned, is June 1, 1966 This Bond and all Bonds of the Series of which it is one, together with the "Cztg of Georgetown Utility System Revenue Bonds, Series 1964," dated June 1, 1964 (herein collectively called the `Parity Bonds") constitute special obligations of the City of Georgetown, each payable as to both principal and interest and equally secured bg a first lien on and pledge of the net revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improve- ments thereto which may hereafter be made (hereinafter referred to as the "Utility System"), after deduction of reasonable expenses of operation and maintenance The City reserves the right to issue not only the $5,000 00 balance of revenue bonds authorized at the election held Febru- arg 26, 1966, for the purpose of constructing extensions and improvements to its waterworks system and the $70,000 00 balance of revenue bonds authorized at said election for the purpose of constructing extensions and improvements to its sewer system, but also further and additional bonds, in all things on a parity with the Parity Bonds, and payable from and equally secured by a first lien on and pledge of the net revenues of the City's Utility System, PROVIDED, HOWEVER, that any and all such further bonds may be so issued only in accordance with and subject to the covenants, limitations, conditions and restrictions relating thereto which are set forth and contained in the ordinances authorizing the Parity Bonds and to which said ordi- nances reference is hereby made for more complete and full particulars The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised bg taxation Each holder of this Bond, payable to bearer, or of the interest coupons hereto attached, is conclusively presumed to forego and renounce his equities in favor of subsequent holders for value without notice and to agree that, being payable to bearer, this Bond, and each of the interest coupons attached, may be negotiated by delivery howsoever possession may have been acquired and that any subsequent holder who may receive this Bond, or any of the coupons attached, for value without notice, has thereby acquired absolute title free from all equities and claims of ownership of any prior holder The City of Georgetown, its officers and the paying agents shall not be affected bg any notice to the contrary AND IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the Series of which it is a part, is duly authorized by law that all acts, conditions and things required to exist and to be done precedent to and in the issuance of this Bond to render the same lawful and valid have been properly done, have happened and have been performed in regu- lar and due time, form and manner, as required by the Constitution and laws of the State of Texas and the ordinance herein- above mentioned and that this Series of Bonds does not exceed any constitutional or statutory limitation and that provision has been made for the payment of the principal of and the interest on this Bond and the Series of which it is a part, by irrevocably pledging the revenues of the City s Utility System IN WITNESS WHEREOF, this Bond and the interest coupons attached hereto have been signed by the imprinted facsimile signature of the Mayor of said City and countersigned by the imprinted facsimile signature of the City Secretary of said City, and the official seal of said City has been duly impressed or printed on this bond MAYOR, City of Georgetown, Texas 7" r t^• `� COUNTERSIGNED CITY SECRETARY, City of Georgetown, Texas , :� i « > ..r.. y i..1«at�e.� a J••.,,. e« a - r ,,w_. ,„ tt' "' 4 V « `'. „ "' `•' h s ." IF. J, 4 i �, - r r `D` r i S 4 � s �� '� $ //{�� fG• //{��"� �%�l //n��`"� « � ti � //j�� 'rr '��as w«ti Illi f+ yf\� ftt £r �Jl�'�� iro..i �✓!„"\t !i r pJA�t. 5 41fr J7\ 1 6�f1/'i!' (M!/"il'�\.i �5 t7rt r J4\ 1 5q r iNir pl/ \\.` v._ i,�' \ .,r to : e rr k \ l rf 1kn?��i ^.; Y 11��\ �''?_ ,.'',,,c..x 111 �` ..2.�._ ✓� �'...� f 5 OIL /� + r aFi3 v Y li At JF"7St�\ Ae S}( --'r V&9 Ll "� 3 LAW OFFICES GIBSON, SPENCE & GIBSON CAPITAL NATIONAL BANK BUILDING AUSTIN TEXAS WE HEREBY CERTIFY that we have examined a record of proceedings relative to the issuance of CITY OF GEORGETOWN UTILITY SYSTEM REVENUE BONDS, SERIES 1966, dated June 1, 1966 Numbered 1 to 65, Inclusive of the denomination of $5 000 each aggregating $325,000 (being the first parcel or installment of a total voted authorization of $400 000) Bonds Numbered 1 to 21 inclusive, bearing interest at the rate of three and three-fourths per cent (3Y4%) per annum and Bonds Numbered 22 to 65, inclusive, bearing interest at the rate of four per cent (4%) per annum, interest payable December 1, 1966, and semi-annually thereafter on June 1st and December 1st in each year, and maturing on June 1st, $10,000 in each of the years 1967 to 1973, Inclusive $15 000 in 1974, and $20,000 in each of the years 1975 to 1986, inclusive WE HAVE EXAMINED the Constitution and Statutes of the State of Texas and certified copies of the proceedings of the City Council of the City of Georgetown, one of the executed bonds, and other proofs authorizing and relating to the issuance of the bonds IN OUR OPINION said $325,000 Utility System Revenue Bonds, Series 1966, have been authorized in accordance with the Constitution and Statutes of the State of Texas and constitute valid and legally bind- ing special obligations of the Citg of Georgetown, payable on a parity with $330 000 presentlg outstanding City of Georgetown Utilitg Sgstem Revenue Bonds, Series 1964, dated June 1, 1964, solely from the revenues of the Cztys combined waterworks, sewer and electric light system, including all additions, extensions and improvements thereto which may hereafter be made (hereinafter called the "Utility System"), after deduc- tion of reasonable expenses of operation and maintenance • The holder or holders of said bonds shall never have the right to demand payment of the principal thereof or the interest thereon out of any funds raised or to be raised by taxation The City of Georgetown has reserved the right to issue not only the $75 000 balance of the aforesaid presently voted $400,000 authorization (being $5,000 for the construction of extensions and improvements to the City s waterworks system and $70 000 for the construction of extensions and improvements to the Cztg's sewer system), but also further and additional bonds, zn all things on a parity with the Utility Sys- tem Revenue Bonds, Series 1964, and the Utility Sg4tem Revenue Bonds, Series 1966 and payable from and equally secured bg a first lien on and pledge of the net revenues of the City s Utility System PROVIDED HOWEVER, that any and all such further bonds may be issued only in accordance with and subject to the covenants, limitations and restrictions relating thereto which are set forth and contained in the Ordinances authorizing the Series 1964 and Series 1966 Bonds, and to which said Ordinances reference is hereby made for more complete and full particulars IN OUR OPINION, the interest on said bonds is exempt from Federal income taxes under existing statutes, regulations, rulings and court decisions Respectfully, 1h GIBSON, SPENCE & GIBSON r I HEREBY CERTIFY that the above and foregoing is a true and correct copy of the legal opinion upon the bonds herein described which was manually signed by Gibson, Spence & Gibson, Austin, Texas and was dated as of the date of delivery of and payment for said bonds Z_005 IR `� City Secretarg, City of Georgetown, Texas W11MI tO _7' = UNITED STATESrOF -AMER ICI+ —= ----- STATE IOF TEXAS _ COUNTY OF WILLIAMSON I CITY- OF- GEORGETOWN - �yy UTILITY SYSTEM -- REVENUE40ND , Series 1966 Dated June 1, 1966 Principal Due June 1, 1983 No Option AA INTEREST PER CENT c Interest payable December 1, 1966 and�j{jij semi annually thereafter on June 1st and December 1st inn each year p �n�i611�4i 4 �inter�est Wa"y"Alev/e the \\\\�77\ 11pCITIZENS STATE TI ��meuuinnimioi°°iuruomuuuumiunwimimiumrrriimiiiioiiaiioiiii _ a6i -2-La". h i - s� r Vick rt � 51 NU; UZ112MI, :� � � 5 •t �} r� 5 ✓ Hr I' `+5 • 'W ns IN q/ri ti<' &�' STATE OF TEXAS r AMERICA " COUNTY OF WILLIAMSON 41 -51 tiE A — soon_ i „ q� s t td d X , Crittu of (6rorortatun lj +� (1e r q eW .A' q„+ ,.. ! �I M ,� "l+ T �� s t� � '`•l l� i rf ♦♦ d C *!JStrM 1KrUrn1tr Nonb 1.�, V -,5 1966 o The City of Georgetown, a lawfully created and existing municipal corporation in Williamson County, Texas, FOR VALUE RECEIVED, hereby promises to pay to bearer, solely from the special funds hereinafter specified, the sum of 1, \ C14onsanb Dollars ($5,000 00), on the 1st day of June, 1983 and from said special funds, to pay interest thereon from the date hereof at the rate t of four per cent (4%) per annum, on December 1, 1966, and thereafter semi-annually on June 1st and December 1st in each ` Y - year until the principal amount of this Bond shall have been paid 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 0 j charges to the bearer, upon presentation and surrender of this Bond or proper interest coupons at the Citizens State Bank, i + a Georgetown Texas, or, at the option of the bearer, at The First National Bank, Georgetown, Texas, or, at the option of the }, rrd, bearer, at Texas Bank & Trust Company of Dallas, Dallas, Texas This Bond is one of a Series of 65 Bonds, numbered consecutively from 1 to 65, inclusive, of the denomination of Five ` Thousand Dollars ($5,000 00) each, aggregating Three Hundred Twenty-five Thousand Dollars ($325,000 00), (being the first = " parcel or installment of a total voted authorization of $400,000 00) Bonds of said Series in the amount of $45,000 00 being issued by the City of Georgetown, Texas, for the purpose of constructing extensions and improvements to the City's water- works system, Bonds of said Series in the amount of $80,00000 being issued for the purpose of constructing extensions and improvements to the City s sewer system, and Bonds of said Series in the amount of $200 000 00 being issued for the purpose of constructing extensions and improvements to the City's electric light system, in accordance with the Constitution and laws " of the State of Texas, particularly Articles 1111 -1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and by authority of a vote of the qualified property taxpaying voters of the City of Georgetown, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said , .fit' City on February 26 1966 and pursuant to an ordinance passed by the City Council of the City of Georgetown and duly Ff recorded in the Minutes of said City Council < The date of this Bond, in conformity with the ordinance above mentioned, is June 1, 1966 4 its r This Bond and all Bonds of the Series of which it is one, together with the "City of Georgetown Utility Sgstem Revenue _ Bonds, Series 1964," dated June 1, 1964 (herein collectively called the `Parity Bonds'), constitute special obligations of the City of Georgetown, each payable as to both principal and interest and equally secured by a first lien on and pledge of the net : r revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improve- ments thereto which may hereafter be made (hereinafter referred to as the Utility System"), after deduction of reasonable it V, aB expenses of operation and maintenance „` d The City reserves the right to issue not only the $5 000 00 balance of revenue bonds authorized at the election held Febru- ary 26, 1966 for the purpose of constructing extensions and improvements to its waterworks system and the $70 000 00 balance of revenue bonds authorized at said election for the purpose of constructing extensions and improvements to its sewer system, but also further and additional bonds, in all things on a parity with the Parity Bonds, and payable from and equally secured by a first lien on and pledge of the net revenues of the City's Utility System, PROVIDED, HOWEVER, that any and all such '< rfi further bonds may be so issued only in accordance with and subject to the covenants, limitations, conditions and restrictions relating thereto which are set forth and contained in the ordinances authorizing the Parity Bonds and to which said ordi- nances reference is hereby made for more complete and full particulars 5 i' The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be , y raised by taxation k„ Each holder of this Bond, payable to bearer, or of the interest coupons hereto attached, is conclusively presumed to forego F and renounce his equities in favor of subsequent holders for value without notice and to agree that, being payable to bearer, w this Bond, and each of the interest coupons attached, may be negotiated by delivery howsoever possession may have been \, r acquired, and that any subsequent holder who may receive this Bond, or any of the coupons attached, for value without +t notice, has thereby acquired absolute title free from all equities and claims of ownership of any prior holder The City of Georgetown, its officers and the paying agents shall not be affected by any notice to the contrary + ^ AND IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the Series of which it is a part, is € duly authorized by law that all acts, conditions and things required to exist and to be done precedent to and in the issuance - ' of this Bond to render the same lawful and valid have been properly done, have happened and have been performed in regu- lar and due time, form and manner, as required by the Constitution and laws of the State of Texas and the ordinance herein- above mentioned and that this Series of Bonds does not exceed ang constitutional or statutory limitation and that provision' z has been made for the payment of the principal of and the interest on this Bond, and the Series of which it is a part, by "#, irrevocably pledging the revenues of the City s Utilitg System i. + ted, IN WITNESS WHEREOF, this Bond and the interest coupons attached hereto have been signed by the imprinted facsimile M signature of the Mayor of said City and countersigned by the imprinted facsimile signature of the City Secretary of said City, ' b and the official seal of said City has been duly impressed or printed on this bond � isii9� � • f f a X .r' MAYOR, City of Georgetown, Texas b COUNTERSIGNED ,. f k CITY SECRETARY, City of Georgetown, Texas ii M , , '"" � r J� . w. � tiH ' :o. M +tl� w' i nw r .^. * �� = �. .mak '�, .. � < �,, ,, -� T tt - ray e / f �" M 1 � j ' . � ` ,.tri •. LAW OFFICES GIBSON, SPENCE & GIBSON CAPITAL NATIONAL BANK BUILDING AUSTIN TEXAS WE HEREBY CERTIFY that we have examined a record of proceedings relative to the issuance of CITY OF GEORGETOWN UTILITY SYSTEM REVENUE BONDS, SERIES 1966 dated June 1 1966 Numbered 1 to 65, inclusive, of the denomination of $5 000 each, aggregating $325 000 (being the first parcel or installment of a total voted authorization of $400,000) Bonds Numbered 1 to 21 inclusive, bearing interest at the rate of three and three-fourths per cent (33'4%) per annum and Bonds Numbered 22 to 65, inclusive, bearing interest at the rate of four per cent (4%) per annum, interest payable December 1 1966 and semi-annually thereafter on June 1st and December 1st in each year and maturing on June 1st, $10,000 in each of the years 1967 to 1973, inclusive, $15 000 in 1974, and $20 000 in each of the years 1975 to 1986 inclusive WE HAVE EXAMINED the Constitution and Statutes of the State of Texas and certified copies of the proceedings of the City Council of the City of Georgetown, one of the executed bonds, and other proofs authorizing and relating to the issuance of the bonds IN OUR OPINION, said $325,000 Utility System Revenue Bonds, Series 1966, have been authorized iii accordance with the Constitution and Statutes of the State of Texas and constitute valid and legally bind- ing special obligations of the City of Georgetown, payable on a parity with $330,000 presently outstanding City of Georgetown Utility System Revenue Bonds Series 1964 dated June 1, 1964, solely from the revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improvements thereto which may hereafter be made (hereinafter called the "Utility System"), after deduc- tion of reasonable expenses of operation and maintenance The holder or holders of said bonds shall never have the right to demand payment of the principal thereof or the interest thereon out of any funds raised or to be raised by taxation The City of Georgetown has reserved the right to issue not only the $75 000 balance of the aforesaid presently voted $400 000 authorization (being $5 000 for the construction of extensions and improvements to the City s waterworks system and $70 000 for the construction of extensions and improvements to the City's sewer system), but also further and additional bonds in all things on a parity with the Utility Sys- tem Revenue Bonds, Series 1964, and the Utility System Revenue Bonds Series 1966 and payable from and equally secured bg a first lien on and pledge of the net revenues of the City s Utilitg System PROVIDED, HOWEVER that any and all such further bonds may be issued only in accordance with and subject to the covenants, limitations and restrictions relating thereto which are set forth and contained in the Ordinances authorizing the Series 1964 and Series 1966 Bonds, and to which said Ordinances reference is hereby made for more complete and full particulars IN OUR OPINION, the interest on said bonds is exempt from Federal Income taxes under existing statutes, regulations, rulings and court decisions Respectfully, GIBSON, SPENCE & GIBSON A , 4 I HEREBY CERTIFY that the above and foregoing is a true and correct copy of the legal opinion upon the bonds herein described which was manually signed by Gibson, Spence & Gibson, Austin Texas, and was dated as of the date of delivery of and payment for said bonds City Secretary, City of Georgetown, Texas amen r j i i l l i ' I I smuimilir �1(Id'� Fri KITED_ STATEKOF EKIOA __=-STATE*`OT AS �` s3 fiT• XUN_ 1 ILLI ASON— yyWlr1n =CITY E-GEORGEMM a��,rrll4/ - _�__JTILITYZYSTE REVENUE; BOND N Series 1966 /ill '•• , m`` ` llllll�p w s'. ryl��ll�� 1(1(1(1(Ql�r yl�i ail "� } 4 t � t 11'ti! ilii , 3I11{Irl}I) `11\ I�I411116, Dated June 1, 1966 slrpl,l,i Irlri4y`� �`�ddl4ll� Principal Due June 1, 1983 ll/ ; No Option INTEREST PER CENT i, '� rT7TrTTT1 �TtTTT�T9 , illlrlir�i�� ,,1t11i aUllUlldyytur►► l9l Interest payable December 1 1966 and ;i(Qriiln� �shrrw} semi annually thereafter on June 1st `@¢Iirj►I¢ ll!,0 and December 1st in each year 40, Illy r idirlll�'�ii��ii��i��%��l�bt the '� r ITIZENS'STATE BANK' �lllliri y I? pAL i�l� AU'liim 't PAY T4 THE ORM Ik Any Bao BSnku or Tr'ut .a jli jl previous Effdo t 6uara4w 88-18 OCT 141976 01 For Collect- -tion C li AhtS=ii NAMA t! 3 "q A037iz ,4tE,A,- os o U U U O v ti? Q4 r' c. �MV tfO 2M rr v ti W tz W p os y M F4 w "r EN .UD � U a �i "C obi W Pi c H ° COD W 2 rZ of U a Q4 Jf tai e �^w• i UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF WILLIAMSON 5000--=- T.Af1i of fQ115aeaarortotun ` ftttflu 4ustrm Rriurnur Nub arrirs 1966 The City of Georgetown, a lawfully created and existing municipal corporation in Williamson County, Texas, FOR VALUE RECEIVED, hereby promises to pay to bearer, solely from the special funds hereinafter specified, the sum of 34fur CDollars ($5,000 00), on the 1st day of June, 1983 and from said special funds, to pay interest thereon from the date hereof at the rate of four per cent (4%) per annum, on December 1, 1966, and thereafter semi-annually on June 1st and December 1st in each year until the principal amount of this Bond shall have been paid 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 coupons at the Citizens State Bank, Georgetown, Texas, or, at the option of the bearer, at The First National Bank, Georgetown, Texas, or, at the option of the bearer, at Texas Bank & Trust Company of Dallas Dallas, Texas This Bond is one of a Series of 65 Bonds, numbered consecutively from 1 to 65, inclusive, of the denomination of Five Thousand Dollars ($5,000 00) each, aggregating Three Hundred Twenty-five Thousand Dollars ($325,000 00), (being the first parcel or installment of a total voted authorization of $400,000 00), Bonds of said Series in the amount of $45,000 00 being issued by the City of Georgetown, Texas for the purpose of constructing extensions and improvements to the Czty's water- works system, Bonds of said Series in the amount of $80,000 00 being issued for the purpose of constructing extensions and improvements to the City's sewer system, and Bonds of said Series in the amount of $200 000 00 being issued for the purpose of constructing extensions and improvements to the City's electric light system, in accordance with the Constitution and laws of the State of Texas, particularly Articles 1111 -1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and by authority of a vote of the qualified property taxpaying voters of the City of Georgetown, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said City on February 26 1966, and pursuant to an ordinance passed bg the City Council of the City of Georgetown and duly recorded in the Minutes of said City Council The date of this Bond, in conformity with the ordinance above mentioned, is June 1, 1966 This Bond, and all Bonds of the Series of which it is one, together with the "Czty of Georgetown Utility System Revenue Bonds, Series 1964," dated June 1, 1964 (herein collectively called the "Parity Bonds") constitute special obligations of the City of Georgetown, each payable as to both principal and interest and equally secured by a first lien on and pledge of the net revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improve- ments thereto which may hereafter be made (hereinafter referred to as the "Utility System"), after deduction of reasonable expenses of operation and maintenance The City reserves the right to issue not only the $5,000 00 balance of revenue bonds authorized at the election held Febru- ary 26, 1966, for the purpose of constructing extensions and improvements to its waterworks system and the $70 000 00 balance of revenue bonds authorized at said election for the purpose of constructing extensions and improvements to its sewer system, but also further and additional bonds, in all things on a parity with the Parity Bonds, and payable from and equally secured by a first lien on and pledge of the net revenues of the City s Utzlzty System, PROVIDED, HOWEVER that any and all such further bonds may be so issued only in accordance with and subject to the covenants, limitations, conditions and restrictions relating thereto which are set forth and contained in the ordinances authorizing the Parity Bonds and to which said ordi- nances reference is hereby made for more complete and full particulars The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to bo raised bg taxation Each holder of this Bond, payable to bearer, or of the interest coupons hereto attached, is conclusively presumed to forego and renounce his equities in favor of subsequent holders for value without notice and to agree that, being payable to bearer, this Bond, and each of the interest coupons attached, may be negotiated by delivery howsoever possession may have been acquired and that any subsequent holder who may receive this Bond, or any of the coupons attached, for value without notice, has thereby acquired absolute title free from all equities and claims of ownership of any prior holder The City of Georgetown, its officers and the paying agents shall not be affected by any notice to the contrary AND IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the Series of which it is a part, is duly authorized by law, that all acts conditions and things required to exist and to be done precedent to and in the issuance of this Bond to render the same lawful and valid have been properly done, have happened and have been performed in regu- lar and due time, form and manner, as required by the Constitution and laws of the State of Texas and the ordinance herein- above mentioned and that this Series of Bonds does not exceed any constitutional or statutory limitation and that provision has been made for the payment of the principal of and the interest on this Bond, and the Series of which it is a part, by irrevocably pledging the revenues of the Cztg's Utzlztg System IN WITNESS WHEREOF, this Bond and the interest coupons attached hereto have been signed bg the imprinted facsimile signature of the Magor of said City and countersigned by the imprinted facsimile signature of the City Secretarg of said City, and the official seal of said City has been duly impressed or printed on this bond 'e� MAYOR, City of Georgetown, Texas 000, COUNTERSIGNED 4� CITY SECRETARY, City of Georgetown, Texas �� t •.o..�... ��...�-�..m.ez�:av� aara�-a��ar-o a -,. virsv� .L.- �.r ,vvv-�— � v�—�xarr..a .a�- »._ �"__.�..�.y...�..v.�.»w-..-��._.F..� �.,..,�..�....�....< ...�.�..._.uu� _ _ ��...�_ Yy..��. µ � 1; 4. ✓r Ar')p t q (' t r,' i n a 'ry .w r of r/ W�,y ll J/;�`(�� .q•%la xi d/A JU/ .l ✓ u"' f `X li /,{(\ xrl �i lr ,qp� r �r �hnfdi JP�•ntt 4yfff 9yr'+y r ltdu� � h�lfi r slt; ��`' � Adtfr< 5nA°ffl Jfnt\ t*1'A IAP �i 4� r plc?`� F� 50 - ---- - - ' yl tilt/t i �1r1tt 1l%tA� Mf ryit STATE OF TEXAS COUNTY OF WILLIAMSON 5000--=- T.Af1i of fQ115aeaarortotun ` ftttflu 4ustrm Rriurnur Nub arrirs 1966 The City of Georgetown, a lawfully created and existing municipal corporation in Williamson County, Texas, FOR VALUE RECEIVED, hereby promises to pay to bearer, solely from the special funds hereinafter specified, the sum of 34fur CDollars ($5,000 00), on the 1st day of June, 1983 and from said special funds, to pay interest thereon from the date hereof at the rate of four per cent (4%) per annum, on December 1, 1966, and thereafter semi-annually on June 1st and December 1st in each year until the principal amount of this Bond shall have been paid 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 coupons at the Citizens State Bank, Georgetown, Texas, or, at the option of the bearer, at The First National Bank, Georgetown, Texas, or, at the option of the bearer, at Texas Bank & Trust Company of Dallas Dallas, Texas This Bond is one of a Series of 65 Bonds, numbered consecutively from 1 to 65, inclusive, of the denomination of Five Thousand Dollars ($5,000 00) each, aggregating Three Hundred Twenty-five Thousand Dollars ($325,000 00), (being the first parcel or installment of a total voted authorization of $400,000 00), Bonds of said Series in the amount of $45,000 00 being issued by the City of Georgetown, Texas for the purpose of constructing extensions and improvements to the Czty's water- works system, Bonds of said Series in the amount of $80,000 00 being issued for the purpose of constructing extensions and improvements to the City's sewer system, and Bonds of said Series in the amount of $200 000 00 being issued for the purpose of constructing extensions and improvements to the City's electric light system, in accordance with the Constitution and laws of the State of Texas, particularly Articles 1111 -1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and by authority of a vote of the qualified property taxpaying voters of the City of Georgetown, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said City on February 26 1966, and pursuant to an ordinance passed bg the City Council of the City of Georgetown and duly recorded in the Minutes of said City Council The date of this Bond, in conformity with the ordinance above mentioned, is June 1, 1966 This Bond, and all Bonds of the Series of which it is one, together with the "Czty of Georgetown Utility System Revenue Bonds, Series 1964," dated June 1, 1964 (herein collectively called the "Parity Bonds") constitute special obligations of the City of Georgetown, each payable as to both principal and interest and equally secured by a first lien on and pledge of the net revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improve- ments thereto which may hereafter be made (hereinafter referred to as the "Utility System"), after deduction of reasonable expenses of operation and maintenance The City reserves the right to issue not only the $5,000 00 balance of revenue bonds authorized at the election held Febru- ary 26, 1966, for the purpose of constructing extensions and improvements to its waterworks system and the $70 000 00 balance of revenue bonds authorized at said election for the purpose of constructing extensions and improvements to its sewer system, but also further and additional bonds, in all things on a parity with the Parity Bonds, and payable from and equally secured by a first lien on and pledge of the net revenues of the City s Utzlzty System, PROVIDED, HOWEVER that any and all such further bonds may be so issued only in accordance with and subject to the covenants, limitations, conditions and restrictions relating thereto which are set forth and contained in the ordinances authorizing the Parity Bonds and to which said ordi- nances reference is hereby made for more complete and full particulars The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to bo raised bg taxation Each holder of this Bond, payable to bearer, or of the interest coupons hereto attached, is conclusively presumed to forego and renounce his equities in favor of subsequent holders for value without notice and to agree that, being payable to bearer, this Bond, and each of the interest coupons attached, may be negotiated by delivery howsoever possession may have been acquired and that any subsequent holder who may receive this Bond, or any of the coupons attached, for value without notice, has thereby acquired absolute title free from all equities and claims of ownership of any prior holder The City of Georgetown, its officers and the paying agents shall not be affected by any notice to the contrary AND IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the Series of which it is a part, is duly authorized by law, that all acts conditions and things required to exist and to be done precedent to and in the issuance of this Bond to render the same lawful and valid have been properly done, have happened and have been performed in regu- lar and due time, form and manner, as required by the Constitution and laws of the State of Texas and the ordinance herein- above mentioned and that this Series of Bonds does not exceed any constitutional or statutory limitation and that provision has been made for the payment of the principal of and the interest on this Bond, and the Series of which it is a part, by irrevocably pledging the revenues of the Cztg's Utzlztg System IN WITNESS WHEREOF, this Bond and the interest coupons attached hereto have been signed bg the imprinted facsimile signature of the Magor of said City and countersigned by the imprinted facsimile signature of the City Secretarg of said City, and the official seal of said City has been duly impressed or printed on this bond 'e� MAYOR, City of Georgetown, Texas 000, COUNTERSIGNED 4� CITY SECRETARY, City of Georgetown, Texas �� t •.o..�... ��...�-�..m.ez�:av� aara�-a��ar-o a -,. virsv� .L.- �.r ,vvv-�— � v�—�xarr..a .a�- »._ �"__.�..�.y...�..v.�.»w-..-��._.F..� �.,..,�..�....�....< ...�.�..._.uu� _ _ ��...�_ Yy..��. µ � 1; 4. ✓r Ar')p t q (' t r,' i n a 'ry .w r of r/ W�,y ll J/;�`(�� .q•%la xi d/A JU/ .l ✓ u"' f `X li /,{(\ xrl �i lr ,qp� r �r �hnfdi JP�•ntt 4yfff 9yr'+y r ltdu� � h�lfi r slt; ��`' � Adtfr< 5nA°ffl Jfnt\ t*1'A IAP �i 4� r plc?`� F� 50 LAW OFFICES GIBSON, SPENCE & GIBSON CAPITAL NATIONAL BANK BUILDING AUSTIN, TEXAS WE HEREBY CERTIFY that we have examined a record of proceedings relative to the issuance of CITY OF GEORGETOWN UTILITY SYSTEM REVENUE BONDS, SERIES 1966, dated June 1, 1966, Numbered 1 to 65, inclusive, of the denomination of $5,000 each, aggregating $325,000 (being the first parcel oz, installment of a total voted authorization of $400,000); Bonds Numbered 1 to 21, inclusive, bearing interest at the rate of three and three-fourths per cent (3%%) per annum and Bonds Numbered 22 to 65, inclusive, bearing interest at the rate of four per cent (4%) per annum, interest payable December 1, 1966, and semi-annually thereafter on June 1st and December 1st in each year, and maturing on June 1st, $10,000 in each of the years 1967 to 1973, inclusive, $15,000 in 1974, and $20,000 in each of the years 1975 to 1986, inclusive. WE HAVE EXAMINED the Constitution and Statutes of the State of Texas and certified copies of the proceedings of the City Council of the City of Georgetown, one of the executed bonds, and other proofs authorizing and relating to the issuance of the bonds. IN OUR OPINION, said $325,000 Utility System Revenue Bonds, Series 1966, have been authorized in accordance with the Constitution and Statutes of the State of Texas and constitute valid and legally bind- ing special obligations of the City of Georgetown, payable on a parity with $330,000 presently outstanding City of Georgetown Utility System Revenue Bonds, Series 1964, dated June 1, 1964, solely from the revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improvements thereto which may hereafter be made (hereinafter called the "Utility System"), after deduc- tion of reasonable expenses of operation and maintenance. The holder or holders of said bonds shall never have the right to demand payment of the principal thereof or the interest thereon out of any funds raised or to be raised by taxation. The City of Georgetown has reserved the right to issue not only the $75,000 balance of the aforesaid Presently voted $400,000 authorization (being $5,000 for the construction of extensions and improvements to the City's waterworks system and $70,000 for the construction of extensions and improvements to the City's sewer system), but also further and additional bonds, in all things on a parity with the Utility Sys- tem Revenue Bonds, Series 1964, and the Utility Sgstem Revenue Bonds, Series 1966, and payable from and equally secured by a first lien on and pledge of the net revenues of the City's Utility System; PROVIDED, HOWEVER, that any and all such further bonds may be issued only in accordance with and subject to the covenants, limitations and restrictions relating thereto which are set forth and contained in the Ordinances authorizing the Series 1964 and Series 1966 Bonds, and to which said Ordinances reference is hereby made for more complete and full particulars. IN OUR OPINION, the interest on said bonds is exempt from Federal income taxes under existing statutes, regulations, rulings and court decisions. Respectfully, GIBSON, SPENCE & GIBSON I HEREBY CERTIFY that the above and foregoing is a true and correct copy of the legal opinion upon the bonds herein described which was manually signed by Gibson, Spence & Gibson, Austin, Texas, and was dated as of the date of delivery of and payment for said bonds. City Secretary, City of Georgetown, Texas Series 1966 Dated June 1, 1966 Principal Due June 1, 1983 No Option INTEREST PER CENT Interest payable December 1, 1966, and semi-annually thereafter on June 1st and December 1st in each year COMPANY -AUSTIN 2 e. o� i Fl crn o � rn y w y b 'a !� � o W � ori H O a �w 2 H f.44.'•E V t , rl, \ / �5' \ YY ! 15 \ .. N 1,u wJ. N xr ziR ti fi .0 w ,t ! yf n 'iii yf�) sr^ t ��, �� Gk //�lr�" . � lye t �� fsr "> � r � ' •-0 �' ! ° z . .. — �� \y �I� ��y/f�_" " i �..^ ~ ,�. "moi �i f •"' _ �'�7�J� _ I�*.--__� �i %� .'n' �, y- NU e5 UNITED STATES OF STATE OF TEXAS COUNTY OF WILLIAMSON Y Al AMERICA „ _ p p�, ° ,,�� ' +I�+� 6/ y ,nvt r ✓ C.9i — — _-- _ ��/ /�,}Jy, ��yyu �'�Ury9�"'! G��l/ � '— �— C __—_ ��i _53---_,V��,1� -s � �, � ♦ � i � Cwi mj` ��ir � �%''� �1 /6�ir�Y r� S`+i�`x iq �y/� ' ��✓i%''YL.� viii �jj ' , � �' }'� `y 3` Critfn of Grarnrtawit „ ` E \ 1966 Sz p . , The City of Georgetown, a lawfully created and existing municipal corporation in Williamson County, Texas, FOR VALUE ' RECEIVED, hereby promises to pay to bearer, solely from the special funds hereinafter speezfied, the sum of & , �x ' ` °tine Zr4vusattb Bvittars '_ ' ($5,00000), on the 1st day of June, 1983 and from said special funds, to pay interest thereon from the date hereof at the rate ` 3y of four per cent (4%) per annum, on December 1, 1966, and thereafter semi-annually on June 1st and December 1st in each •.` year until the principal amount of this Bond shall have been paid The principal of this Bond and the interest coupons 5` 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 coupons at the Citizens State Bank, Georgetown, Texas or, at the option of the bearer, at The First National Bank, Georgetown, Texas, or, at the option of the bearer, at Texas Bank & Trust Company of Dallas, Dallas, Texas ~ s This Bond is one of a Series of 65 Bonds, numbered consecutively from 1 to 65, inclusive, of the denomination of Five 4 ,o ` Thousand Dollars ($5 000 00) each, aggregating Three Hundred Twenty-five Thousand Dollars ($325,000 00), (being the first parcel or installment of a total voted authorization of $400,000 00) Bonds of said Series in the amount of $45,000 00 being issued bg the City of Georgetown, Texas, for the purpose of constructing extensions and improvements to the City's water- e h works system, Bonds of said Series in the amount of $80,00000 being issued for the purpose of constructing extensions and ' improvements to the City's sewer system, and Bonds of said Series in the amount of $200,00000 being issued for the purpose - 'fz of constructing extensions and improvements to the Czty's electric light system, in accordance with the Constitution and laws + of the State of Texas, particularly Articles 1111 -1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and by authority of a vote of the qualified property taxpaying voters of the City of Georgetown, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said .« 0 City on February 26, 1966, and pursuant to an ordinance passed by the City Council of the City of Georgetown and duly F , recorded in the Minutes of said City Council \ The date of this Bond, in conformity with the ordinance above mentioned, is June 1, 1966 This Bond, and all Bonds of the Series of which if is one, together with the "City of Georgetown Utility System Revenue Bonds, Series 1964," dated June 1, 1964 (herein collectively called the "Parity Bonds'), constitute special obligations of the ' "Es City of Georgetown each payable as to both principal and interest and equally secured by a first lien on and pledge of the net revenues of the City's combined waterworks, sewer and electric light system including all additions, extensions and improve- ;Y r � ments thereto which may hereafter be made (hereinafter referred to as the "Utzlitg System"), after deduction of reasonable A- V V �'ri expenses of operation and maintenance `«E v The City reserves the right to issue not only the $5,000 00 balance of revenue bonds authorized at the election held Febru- " arg 26, 1966, for the purpose of constructing extensions and improvements to its waterworks system and the $70,000 00 balance of revenue bonds authorized at said election for the purpose of constructing extensions and improvements to its sewer system " .r but also further and additional bonds, in all things on a parity with the Parity Bonds and payable from and equally secured r i by a first lien on and pledge of the net revenues of the City's Utility System PROVIDED, HOWEVER, that any and all such rs further bonds may be so issued only in accordance with and subject to the covenants, limitations, conditions and restrictions r „ relating thereto which are set forth and contained in the ordinances authorizing the Parity Bonds and to which said ordz- J nances reference is hereby made for more complete and full particulars The holder hereofshall never have the right to demand payment o this obligation out o an g p f f y funds raised or to be raised by taxation F 9 • Each holder of this Bond, payable to bearer, or of the interest coupons hereto attached, is conclusively presumed to forego � f , $ and renounce his equities in favor of subsequent holders for value without notice and to agree that, being payable to bearer, this Bond, and each of the interest coupons attached may be negotiated by delivery howsoever possession may have been acquired and that any subsequent holder who may receive this Bond, or any of the coupons attached, for value without notice, has thereby acquired absolute title free from all equities and claims of ownership of any prior holder The City of - Georgetown, its officers and the paying agents shall not be affected bg any notice to the contrary AND IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the Series of which it is a part, is € `' duly authorized by law, that all acts, conditions and things required to exist and to be done precedent to and in the issuance of this Bond to render the same lawful and valid have been properly done, have happened and have been performed in regu- lar and due time, form and manner, as required by the Constitution and laws of the State of Texas and the ordinance herein- above mentioned and that this Series of Bonds does not exceed any constitutional or statutory limitation and that provision ' tis t has been made for the payment of the principal of and the interest on this Bond, and the Series of which it is a part, by x s 4; irrevocably pledging the revenues of the City's Utzlzty System i a IN WITNESS WHEREOF, this Bond and the interest coupons attached hereto have been signed by the imprinted facsimile r r ` signature of the Mayor of said City and countersigned by the imprinted facsimile signature of the City Secretary of said City„ r and the official seal of said City has been duly impressed or printed on this bond \Sl + 1 s MAYOR, City of Georgetown, Texas COUNTERSIGNED ^� CITY SECRETARY, City of Georgetown, Texas , s7 GMK \ r v 1 .' yy t w W y .r '••'� WiH a "•" 4t � � ': ~µ ��+a� "n% Y v �• iv \ O •T � ` y i ui aft, , i//i xlrk .� ' v ' t •y5)'Sfg ~ S} /e ni %d frl ffl ti5)ePa !jq%a 5 nAry)116 k .� gown iG'G orig C104 Rl . LAW OFFICES GIBSON, SPENCE & GIBSON CAPITAL NATIONAL BANK BUILDING - - AUSTIN, TEXAS WE HEREBY CERTIFY that we have examined a record of proceedings relative to the issuance of CITY OF GEORGETOWN UTILITY SYSTEM REVENUE BONDS, SERIES 1966, dated June 1, 1966, Numbered 1 to 65, inclusive, of the denomination of $5,000 each, aggregating $325,000 (being the first parcel or installment e of a total voted authorization of $400,000); Bonds Numbered 1 to 21, inclusive, bearing interest at the rate = of three and three-fourths per cent (3%4%) per annum and Bonds Numbered 22 to 65, inclusive, bearing interest at the rate of four per cent (4%) per annum, interest payable December 1, 1966, and semi-annually thereafter on June 1st and December 1st in each year, and maturing on June 1st,, $10,000 in each of the years 1967 to 1973, inclusive, $15,000 in 1974, and $20,000 in each of the years 1975 to 1986, inclusive. WE HAVE EXAMINED the Constitution and Statutes of the State of Texas and certified copies of the proceedings of the City Council of the City of Georgetown, one of the executed bonds, and other proofs authorizing and relating to the issuance of the bonds. IN OUR OPINION, said $325,000 Utility System Revenue Bonds, Series 1966, have been authorized in accordance with the Constitution and Statutes of the State of Texas and constitute valid and legally bind - Ing special obligations of the City of Georgetown, payable on a parity with $330,000 presently outstanding Citg of Georgetown Utility System Revenue Bonds, Series 1964, dated June 1, 1964, solelg from the revenues of the City's combined waterworks, sewer and electric light system, including all additions, extensions and improvements thereto which mag hereafter be made (hereinafter called the "Utility System"), after deduc- tion of reasonable expenses of operation and maintenance. The holder or holders of said bonds shall never have the right to demand payment of the principal thereof or the interest thereon out of any funds raised or to be raised by taxation. The Citg of Georgetown has reserved the right to issue not only the $75,000 balance of the aforesaid } presently voted $400,000 authorization (being $5,000 for the construction of extensions and improvements to the Citg's waterworks system and $70,000 for the construction of extensions and improvements to the Citg's sewer system), but also further and additional bonds, in all things on a paritg with the Utility Sgs- tem Revenue Bonds, Series 1964, and the Utilitg System Revenue Bonds, Series 1966, and payable from and equally secured bg a first lien on and pledge of the net revenues of the City's Utility System; PROVIDED, HOWEVER, that any and all such further bonds mag be issued only in accordance with and subject to the covenants, limitations and restrictions relating thereto which are set forth and contained in the Ordinances authorizing the Series 1964 and Series 1966 Bonds, and to which said Ordinances reference is herebg made for more complete and full particulars. IN OUR OPINION, the interest on said bonds is exempt from Federal income taxes under existing statutes, regulations, rulings and court decisions. ` Respectfully, s i GIBSON, SPENCE & GIBSON I HEREBY CERTIFY that the above and foregoing is a true and correct copy of the legal opinion upon the bonds herein described which was manuallg signed by Gibson, Spence & Gibson, Austin, Texas, and was dated as of the date of deliverg of and payment for said bonds. Citg Seeretarg, Citg of Georgetown, Texas i I..iEi li 11:tt�'II11 i 111111 p4't '41Vse ,w. INITEIYTATES OF�AfiAERICA %kTE-fly TEXAS G ikiY 01T)WILL1AMSOt1 >jlltltl)�� - - - _- - ytillt111111 ��1I1,4►ry' CITY— O -GEORGETOWN = aa�{Ill/ ;�1P.. �11111 U-� - _ ►:/, ill%i TILl7 SYSTENL= — REVENUE— BOND Series 1966 - a �1 t11\ /1111 � ,tII Y' 1(1(IIIh11�r ,O�+dP�� 7;;q°ihii4�PPS�,;��iri�ijl, 9/111111, yv,il' . \ �il�ti�il � ►��`�t1V`t IIII��V yirltl�l!1.. iI(011)11+ Dated June 1, 1966 t�11pJIl,Iu 1 Hllys d ll, Principal Due June 1 1983, 1'111` _ No Option yl INTEREST iA} PER CENT '0,4,h 1(1111114' Interesta able December 1, 1966, and 1111fQg P y 9411111U)II kin? 0r- ° semi-annually thereafter on June 1st `<Vi%►'� and December 1st in each year �`'• U ,I ills III II III Tilt! li iou "� { �11 �gji �dya��e�/6ti,the ��GITIYEM iiSTA�' .;BANK I��rII�►tl II 1 III h IWi1Tla��' $AN. i 11 Ili " r•,,, E,\,l �,8,a THE BT£CK Cl]MPANV EiiCTIN A) ts C. r r --t � � C V 01 U O GL q ai .O O h 04 W •� ti b O. A) ts C. r