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HomeMy WebLinkAbout0143_142142 NUMBERS AMOUNTS (Inclusive MATURITY DATES Per Year 1-20 1978 $20,000 21-41 1979 21,000 42-63 1980 22,000 64-86 1981 23,000 87-110 1982 24,000 111-135 1983 25,000 136-162 1984 27,000 163-190 1985 28,000 191-219 1986 29,000 220-250 1987 31,000 The City reserves the right to redeem any or all of said Certificates on any date at par and accrued interest to redemption date. If same are called for redemption, notice thereof in writing shall be given by the City Secretary to the Citizens State Bank, Georgetown, Texas, at least 30 days prior to the redemption date. Any of said Certificates not presented for payment on the redemption date shall cease to bear interest from and after said date. Section 6. That both principal of and interest on the Certificates shall be pay- able inawfu money of the United States, without exchange or collection charges to the owner or holder thereof, at the Citizens State Bank, Georgetown, Texas, upon presentation and surrender of Certificates or proper coupons. Section 7. That said Certificates and the interest coupons appurtenant thereto shalla e� xecuted with the imprinted facsimile signatures of the Mayor and City Secretary of the City of Georgetown, and the official seal of said City shall be impressed, or a facsimile thereof shall be printed, on each of said Certificates. Execution in such manner shall have the some effect as if such Certificates and coupons had been signed by said Mayor and City Secretary in person by their manual signatures. Inas- much as such Certificates are required to be registered by the Comptroller of Public Accounts of the State of Texas, only his signature, or that of a deputy designated in writing to act for the comptroller, shall be required to be manually subscribed to such ,Certificates in connection with his registration certificate to appear thereon as herein- after provided, all in accordance with the provisions of Article 717j-1, Vernon's Civil Statutes of Texas, 1925, as amended. Section 8.' The form of said Certificates shall be substantially as follows: No. UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN, TEXAS CERTIFICATE OF OBLIGATION, SERIES 1977 KNOW ALL MEN BY THESE PRESENTS: That the City of Georgetown, Texas, a municipal corporation duly incorporated under the laws of the State of Texas, FOR VALUE RECEIVED, acknowledges itself indebted to and hereby promises to pay to the bearer hereof on April 15, , the sum of ONE THOUSAND DOLLARS ($1,000) in lawful money of the United State with interest thereon from date hereof at the rate of five per cent (5%) per annum, interest payable April 15, 1978 and semi- annually thereafter on October 15 and April 15 in each year, on presentation and surrender of the annexed interest coupons as they severally become due. Both the principal of and interest on this Certificate of Obligation are payable at the Citizens State Bank, Georgetown, Texas, without exchange or collection charges to the owner or holder hereof. This Certificate is one of a series of 250 Certificates, numbered consecutively from 1 to 250, inclusive, of the denomination of $1,000 each, aggregating $250,000 issued by the City of Georgetown for the purpose of paying all or a portion of the contractual obligations to be incurred by the City in connection with constructing irrprove- ments to the City's waterworks system in accordance with the Constitution and laws of the State of Texas, particularly Article 2368a.1 and Articles 1111-1118, V.A.T.C.S., as amended, the Charter of said City, and pursuant to an Ordinance duly passed by the