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This Bond is one of a series of 15 Bonds, numbered consecutively
from 1 to 15, inclusive, of the denomination of Five Thousand Dollars
(65,000) each, aggregating Seventy-five Thousand Dollars ($75,000);
Bonds of said Series in the amount of $5,000 being issued by the
City of Georgetown for the purpose of constructing extensions and
improvements to its waterworks system and Bonds of said Series in the
amount of $70,000 being issued by said City for the purpose of construct-
ing extensions and improvements to its sewer 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 quali-
fied property taxpaying voters of the City of Georgetown, Texas, who
owned taxable property therein and who had duly rendered the same for tax-
ation, voting at an election held for that purpose within said City,
on February 26, 1966, and pursuant to an ordinance passed by 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 November 1, 1967.
This Bond, and all Bonds of the Series of which it is a part,
together with the City of Georgetown "Utility System Revenue Bonds,
Series 1964," and "Utility System Revenue Bonds, Series 1966," con-
stitute special obligations of the City of Georgetown, payable as to
both principal and interest solely from and equally secured by a
first lien on and pledge of 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 referred to as the "Utility System"), after deduction of
reasonable expenses of operation and maintenance.
The City reserves the right to issue additional bonds, in all
things on a parity with the Bonds of this Series, 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 sub-
ject to the covennants, limitations, conditions and restrictions
relating thereto which are set forth and contained in the ordinance
authorizing this Series of Bonds and to which said ordinance refer-'
ence 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 by tax-
ation.
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 with-
out 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
holders 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 law-
ful 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 WHEILEOF, this Bond and the interest coupons attached