HomeMy WebLinkAbout0279_0094saxpon anal that such 'bond or oaupon has been so w atilate&, lost
or destroyed, and thus cannot be presented for payNIsxst, ani by,
in addition thereto, giving such security an the City may &remand„
and in such form as the City wV require, in a suss not less than
doable the amount clame& to be &us upon such lost„ nutilatot or
Ass troy e&, bond or soupon o Such se surf tY so ,given will be "yo ble
to the said. City at Georgetown* Tioxas, and shall b* approved by
the same Cityp which *aid aoaept"Ace and approval thereof *ball
to evidenseei by a resolution of the City Council of the said,
City, &uly passed and veoorled In the b„inutes of such 0111
Council and that a duly authenticate& atopy of such resolution
Shall be authority to the said TWSTZI to pay the gala ltseti
ma►tilate& or destroyed band or eoupon.
�'�, CT, 2W Is If default Shall be seado in the
pagment of any principal or interest hsreb,7 sesurel, or if ssy
other default* shall be seeds hereunder by the City, 'Ih4, ' WOS
the sleetion ,either of the Estee or of the holAs" of sa
ority iaa interest of the bonds hereby Secured and then
outs tondirg, avI-dented IV an instrument cr instrawa nts in err it ing e
sign*& by then and delivered. to the Trustee, and after the Atlee
p"vide& for in Station 10,0 drtiole IT, hereof, the entire prinpi-
pal sus **oared hereby* axed. the interest aearue& thereon, shall
beoont and be immediately due and. payable; subjeet, 'however, to
the right of a mjority in interest of the holders of said bonds
to annal such ales tram or to ea ire Say such de ftult at any time
before eery sale hereuWUr, by wvritten wtiee to the City and the
Tmette, if* before &V such sale, all agreements with trescpeet
to wrhich default shall have been made shall have been fully V*r-
forsed and all arrears of interest upon all bonds secured hereby♦
awed all other Indebtedness s*aured hereby, *x ept the principal
of such bonds and the interest asormed since the last interest
data, shall, have been paid:, or the amount thereof shah have
teen d*posited, with the Trustee for the benefit of those entitle&
there teeo
p