HomeMy WebLinkAbout0144_143;V
City Council of said City, which Ordinance is of record in the Minutes of said City.
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, George-
town, 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.
The date of this Certificate of Obligation, in conformity with the Ordinance above
mentioned, is April 15, 1977.
The City of Georgetown is hereby held and firmly bound, and its faith and credit and
all real and personal property in said City are hereby pledged for the prompt payment of the
principal of this Certificate and the interest thereon at maturity by the levy of an ad valorem
tax on said property and further by a lien on and pledge of the net revenues of the City's
combined waterworks, sewer and electric light system, including all additions, extensions and
improvements thereto which may hereafter be made (herein called "System") after deduction of
reasonable expenses of operation and maintenance, subject only to the first lien securing the
City of Georgetown, .Texas, Utility System Revenue Bonds: Series 1964, dated June 1, 1964;
Series 1966, dated June 1, 1966; Series 1967, dated November 1, 1967; Series 1970, dated
April 1, 1970; Series 1971, dated March 1, 1971; Series 1974, dated October 15, 1974;
and any bonds issued in the future which pledge the revenues, or any part thereof, of the
combined waterworks, sewer and electric light system.
Each holder of this Certificate of Obligation, 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 Certificate of Obligation, 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 Certificate of Obligation, 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 agent shall not be
affected by any notice to the contrary.
AND IT 15 HEREBY CERTIFIED AND RECITED that the issuance of this Certificate
of Obligation, 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
Certificate of Obligation to render the some 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, the Charter of the City of Georgetown,
and the Ordinance hereinabove mentioned; and that this series of Certificates of Obligation
does not exceed any constitutional or statutory limitation; and that provisions have been made
for the payment of the principal of and the interest on this Certificate of Obligation, and the
series of which it is a part, by the levy of an ad valorem tax and irrevocably pledging of
the net revenues of the City's combined water works, sewer and electric light system as herein
provided.
IN WITNESS WHEREOF, this Certificate of Obligation 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 Certificate of Obligation.
NO.
COUNTERSIGNED:
Mayor, City of Georgetown, Texas
Secretary, City of Georgetown, Texas
Section 9. That the form of said interest coupons shall be substantially as follows:
ON THE 15TH DAY OF , , $
The City of Georgetown, Texas, promises to pay to bearer (unless the certificate to which this
coupon is attached is then callable for redemption and has been so called and provision for the
redemption thereof duly made) in lawful money of the United States at the Citizens State Bank,
Georgetown, Texas, without exchange or collection charges to the bearer hereof, the sum of
Dollars ($ ) in lawful money of the United States, said sum being
months' interest due that day on CITY OF GEORGETOWN, TEXAS, CERTIFICATE OF
OBLIGATION, SERIES 1977, dated April 15, 1977, No.
City Secretary Mayor