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certificates of obligation .of an issue which originally was
approved by the Attorney General of the State of Texas and
registered by the Comptroller of Public Accounts of the State
of Texas.
Dated Paying Agent/Registrar
By
Authorized Representative
FORM OF ASSIGNMENT:
ASSIGNMENT
For value received, the undersigned registered owner of. this
Certificate of Obligation, or duly authorized representative
or attorney thereof, hereby assigns this Certificate of
Obligation to
(print or type the name and
address of the assignee and
any other relevant information)
and authorizes the Paying Agent/Registrar to transfer the
registration of this Certificate of Obligation in the
Registration Books.
Dated
Registered Owner.
The signature above is hereby verified as true and genuine.
Section 8. TAX LEVY. A special Interest and Sinking
Fund (the "Interest and Sinking Fund") is hereby created
solely for the benefit of the Certificates of Obligation, and
the Interest and Sinking Fund shall be established and main-
tained by the Issuer at an official depository bank of the
Issuer. The Interest and Sinking Fund shall be kept separate
and apart from all other funds and accounts of the Issuer, and
shall be used only for paying the interest on and principal of
the Certificates of Obligation. All ad valorem taxes levied
and collected for and on account of the Certificates of
Obligation shall be deposited, as collected, to the credit of
the Interest and Sinking Fund. During each. year while any of
the Certificates of Obligation or interest thereon are out-
standing and unpaid, the governing body. of the Issuer 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 the Certificates of Obligation
as such interest comes due, and to provide and maintain a
sinking fund adequate to pay the principal of its Certificates
of Obligation as such principal matures (but never less than
2 of the original principal amount of the Certificates of
Obligation as a sinking fund each year); and said tax shall be
based on the latest approved tax rolls of the.Issuer, with
full allowance 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 the Issuer for each year while any of the
Certificates of Obligation or interest thereon are outstanding
and unpaid; and said tax shall be assessed and collected each
such year and deposited to the credit of the aforesaid Inter-
est and Sinking Fund. Said ad valorem taxes sufficient to
provide for the payment of the interest on and principal of
the Certificates of Obligation, as such interest comes due and
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