HomeMy WebLinkAbout0103_0002principal thereof, (ii) may be assigned and transferred, (iii)
may be converted and exchanged for other Bonds, (iv) shall have
the characteristics, and (v) shall be signed and sealed, and
the principal of and interest on the Initial Bond shall be
payable, all as provided, and in the manner required or indi-
cated, in the FORM OF INITIAL BOND set forth in this Ordinance
Section 4 INTEREST The unpaid principal balance of the
Initial Bond shall bear interest from the date of the Initial
Bond to the respective scheduled due dates, or to the respec-
tive dates of prepayment or redemption, of the installments of
principal of the Initial Bond, 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 BOND set forth in this
Ordinance
Section 5 FORM OF INITIAL BOND The form of the Initial
Bond, including the form of Registration Certificate of the
Comptroller of Public Accounts of the State of Texas to be
endorsed on the Initial Bond, shall be substantially as fol-
lows
FORM OF INITIAL BOND
NO. R-1 $1,785,000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN, TEXAS
GENERAL OBLIGATION BOND
SERIES 2984
THE CITY OF GEORGETOWN, in Williamson County (the
"Issuer"), being a political subdivision of the State of Texas,
hereby promises to pay to
Prudential Bache Securities, Inc.
or to the registered assignee or assignees of this Bond or any
portion or portions hereof (in each case, the "registered
owner") the aggregate principal amount of
ONE MILLION SEVEN HUNDRED EIGHTY FIVE THOUSAND DOLLARS
in annual installments of principal due and payable on August 1
in each of the years, and in the respective principal amounts,
as set forth in the following schedule
YEAR
AMOUNT
YEAR
AMOUNT
1986
$15,000
1994
$100,000
1987
2u,000
1995
115,000
1988
20,000
1996
170,000
1989
20,000
1997
185;000
1990
25,000
1998
200,000
1991
50,000
1999
220,000
1992
60,000
2000
240,000
1993
90,000
2001
25S,000
and to pay interest, from the date of this Bond hereinafter
stated, on the balance of each such installment of principal,
respectively, from time to time remaining unpaid, at the rates
as follows
2