HomeMy WebLinkAbout0138_137in annual installments of principal due -and payable on June 1
in each of the years, and in the respective principal amounts,
as set forth in the following schedule:
YEARS AMOUNTS
1986
$15,000
1987
25,000
1988
25,000
1989
25,000
1990
30,000
1991
30,000
1992
30,000
1993
40,000
1994
40,000
1995
40,000
and to pay interest, from the date of this Certificate of
Obligation hereinafter stated, on the balance of each such
installment of principal, respectively, from time to time
remaining unpaid, at the rates as follows:
per annum on the above installment of
principal due and payable on June 1, 1986;
per annum on the above installment of
principal due and payable on June 1, 1987;
per annum on the above installment of
principal due and payable on June 1, 1988;
per annum on the above installment of
principal due and payable on June 1, 1989;
per annum on the above installment of
principal due and payable on June 1, 1990;
per annum on the above installment of
principal due and payable on June 1, 1991;
per annum on the above installment of
principal due and payable on June 1, 1992;
per annum on the above installment of
principal due and payable on June 1, 1993;
per annum on the above installment of
principal due and payable on June 1, 1994;
per annum on the above installment of
principal due and payable on June 1, 1995;
with said interest being payable on December 1, 1984, and
semiannually on each June 1 and December 1 thereafter while
this Certificate of Obligation or any portion hereof is
outstanding and unpaid.
THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this
Certificate of Obligation are payable in lawful money of the
United States of America, without exchange or collection
charges. The installments of principal and the interest on
this Certificate of Obligation are payable to the registered
owner hereof through the services of First City National Bank
of Austin, Austin, Texas, which is the "Paying Agent/Regis-
trar" for this Certificate of Obligation. Payment of all
principal of and interest on this Certificate of Obligation
shall be made by the Paying Agent/ Registrar to the registered
owner hereof on each principal and/or interest payment date by
check or draft, dated as of such date, drawn by the Paying
Agent/Registrar on, and payable solely from, funds of the
Issuer required by the ordinance authorizing the issuance of
this Certificate of Obligation (the "Certificate of Obligation
Ordinance") to be on deposit with the Paying Agent/ Registrar
for such purpose as hereinafter provided; and such check or
draft shall be sent by the Paying Agent/Registrar by United
States mail, first-class postage prepaid, on each such princi-
pal and/or interest payment date, to the registered owner