HomeMy WebLinkAbout0318_0003thereafter, as evidenced by interest coupons attached hereto,
and the City Treasurer of the City of Georgetown, Texas, is
hereby ordered and directed to pay to bearer the said principal
sum of this bond, together with the interest thereon, evidenced
by said coupons, both principal and interest being payable when
due at the BANK above namedl and the City of Georgetown, Texas,
is hereby held and firmly bound' and the faith and credit of said
City, and all real and personal property in the said City, subject
to taxation, are hereby pledged for the prompt payment of this
Bond at the Maturity hereof, and the interest thereon as same be-
comes due. That if this Bond, according to the payment date, set
out herein, be due and payable after March 16th, 1952, the City
shall have the option of calling and paying same on said date,
or calling and paying same on the 16th day of March of any year
thereafter, prior to the due date hereof. That as a condition for
the exercise of the said option, the City Treasurer of said City
shall in writings by registered mail' not less than fifteen(15),
and not irore than thirty(30) days prior to the date for the ex-
ercise of such option, in writing$ by registered mail, give no-
tice to the paying agent, FIRST NATIONAL WTK IN HOUST0171 of
Houston, Texas, of the City's intent to exercise such option; and
said City Treasurer shall also, not less than fifteen(15) and
not more than thirty(30) days prior to the date for the exercise
of such option, cause a similar notice to be published in the
City of Houston, Texas. That when such option has been so exer-
cised, the payment of the principal of this Bond, and the inter-
est coupons thereon, that are then due, according to the due date
thereof shall be full payment and satisfaction of this Bond and
interest thereon.
This Bond is one of a series of Bonds of like tenor and effect,
except as to number and maturity date, aggregating the amount of
Twenty -Five Thousand($259000.00)Dollars, to be paid from funds
raised by taxation, issued by the said City for the purpose of
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