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FORM OF INTEREST COUPON
NO. $
THE CITY OF GEORGETOt-M, COUNTY OF WIL.Lf, .uISON, STATE OF
TEXAS, promises to pay to bearer the amount shown on this
interest coupon in lawful money of the United States of
America, without exchange or collection charges to the
bearer hereof, unless due provision has been made for the
redemption prior to scheduled maturity of the Certificate of
Obligation to which the interest coupon appertains, upon
presentation anal sures--nder of this interest coupon at the
4% said amount being inter-
est due that day on the Cartificate of Obligation bearing
the number hereinafter designated, of that issue of CITY OF
GEORGETOWN, TEXAS CERTIFICATES OF OBLIGATION, SERIES 1982-A,
dated December 1, 1982. Certificate of Obligation No.
xxxxx. xxxxx
City Secretary Mayor
6. That a special "Interest and Sinking Fund" is
hereby created and shall be established and maintained by
the Citv at an official depository bank of said City. Said
Interest and Sinking Fund shall be kept separate and apart
from all other funds and accounts of said City, and shall be
used only for paving the interest on and principal of said
Certificates of Obligation. All ad valorem taxes levied and
collected for and on account of said Certificates of Obliga-
tion shall be deposited, as collected, to the credit of said
Interest and Sinking Fund. During each year while any of
said Certificates of Obligation or interest coupons apper
taining thereto are outstanding and unpaid, the City Council
of said Citv shall compute and ascertain a rate and amount
of ad valorem tax which will be sufficient to raise and
produce the money required to pay the interest on said
Certificates of Obligation as such principal matures (but
never less than 2% of the original amount of said Certifi-
cates of Obligation as a sinking fund each year); and said
tax shall be based on the latest approved tax rolls of said
City, with full allowances being made for tax delinquencies
and the cost of tax collection. Said rate and amount of ad
valorem tax is hereby levied, and is hereby ordered to be
levied, against all taxable property in said City, for each
year while any of said Certificates of Obligation or
interest coupons appertaining thereto are outstanding and
unpaid, and said tax shall be assessed and collected each
such year and deposited to the credit or the aforesaid
Interest and Sinking Fund. Said ad valorem taxes sufficient
to provide for the payment of the interest on and principal
of said Certificates of Obligation, as such interest comes
due and such principal matures, are hereby pledged
irrevocably for such payment, within the limit prescribed by
law.
7. That said Certificates of Obligation are addition-
ally secured by and shall be payable from and secured by the
revenues of the City's Utility System, remaining after
payment of all maintenance and operation expenses thereof,
and all debt service, reserve, and other requirements in
connection with all of the City's revenue bonds (now or
hereafter outstanding) , which are payable from all or any
part of the Net Revenues o= the City's Utility System,
constituting "Surplus Revenues". The City shall deposit such
Surplus Revenues which had been credited to the Certificates
of Obligation Fund, previously created to the Interest and
Sinking Fund created pursuant to Section 6, to the -extent
necessary to pay theprincipal and interest on the Certifi-
cates of Obligation.. Notwithstanding the requirements of