HomeMy WebLinkAbout0110_0002Section 3. INITIAL DATE, DENOMINATION, NUMBER, MATURI-
TIES, INITIAL REGISTERED OWNER, AND CHARACTERISTICS OF THE
INITIAL CERTIFICATE OF OBLIGATION. (a) The Initial Certifi-
cate of Obligation is hereby authorized to be issued, sold,
and delivered hereunder as a single fully registered Certifi-
cate of Obligation, without interest coupons, dated December
1, 1983, in the denomination and aggregate principal amount of
$300,000, numbered R-1, payable in annual installments of
principal to the initial registered owner thereof, to -wit:
or to the registered assignee or assignees of said Certificate
of Obligation or any portion or portions thereof (in each
case, the "registered owner"), with the annual installments of
principal of the Initial Certificate of Obligation to be
payable on the dates, respectively, and in the principal
amounts, respectively, stated in the FORM OF INITIAL CERTIFI-
CATE OF OBLIGATION set forth in this Ordinance.
(b) The Initial Certificate of Obligation (i) may be
prepaid or redeemed prior to the respective scheduled due
dates of installments of principal thereof, (ii) may be
assigned and transferred, (iii) may be converted and exchanged
for other Certificates of Obligation, (iv) shall have the
characteristics, and (v) shall be signed and sealed, and the
principal of and interest on the Initial Certificate of
Obligation shall be payable, all as provided, and in the
manner required or indicated, in the FORM OF INITIAL CERTIFI-
CATE OF OBLIGATION set forth in this Ordinance.
Section 4. INTEREST. The unpaid principal balance of
the Initial Certificate of Obligation shall bear interest from
the date of the Initial Certificate of Obligation to the
respective scheduled due dates, or to the respective dates of
prepayment or redemption, of the installments of principal of
the Initial Certificate of Obligation, and said interest shall
be payable, all in the manner provided and at the rates and on
the dates stated in the FORM OF INITIAL CERTIFICATE OF OBLIGA-
TION set forth in this Ordinance.
Section S. FORM OF INITIAL CERTIFICATE OF OBLIGATION.
The form of the Initial Certificate of Obligation, including
the form of Registration Certificate of the Comptroller of
Public Accounts of the State of Texas to be endorsed on the
Initial Certificate of Obligation, shall be substantially as
follows:
i
FORM OF INITIAL CERTIFICATE OF OBLIGATION
NO. R-1 $300,000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN, TEXAS
CERTIFICATE OF OBLIGATION
SERIES 1983
THE CITY OF GEORGETOWN, TEXAS (the "Issuer"), being a
political subdivision of the State of Texas, hereby promises
to pay to
or to the registered assignee or assignees of this Certificate
of Obligation or any portion or portions hereof (in each case,
the "registered owner") the aggregate principal amount of
THREE HUNDRED THOUSAND DOLLARS