HomeMy WebLinkAbout0505_499499
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 ordinances reference is hereby made for more complete and full
particulars.
The holder hereof shall never have the right to demand payment of this ob-
ligation out of any funds raised or to be raised by 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 howsover 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 regular and due time, form and
manner, as required by the Constitution and laws of the State of Texas and the
ordinance hereinabove 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
countersigned;
City Secretary, City of Georgetown, Tex.
Section T. That the form of said interest coupons shall be substantially
as follows:
NO.ON THE 1ST DAY OF , 19 $
The City of Georgetown, Texas, will pay to bearer out of funds specified
in the Bond to which this coupon is attached at the Citizens State Bank, George-
town, Texas, or, at the option of the bearer, at The First National Bank, George-
town, Texas, or, at the option of bearer at
, without exchange or collection charges to
the bearer hereof, the sum of Dollars ($ ),