HomeMy WebLinkAbout0104_0003IZ.4U % per annum on the above installment of
principal due and payable on August 1, 1986;
12.40 % per annum on the above installment of
principal due and payable on August 1, 1987;
12 per annum on the above installment of
principal due and payable on August 1, 1988;
12.40 % per annum on the above installment of
principal due and payable on August 1, 1989;
7 2.40 % per annum on the above installment of
principal due and payable on August 1, 1990;
12.40 % per annum on the above installment of
principal due and payable on August 1, 1991;
12.40 % per annum on the above installment of
principal due and payable on August 1, 1992
12.40 %per annum on the above installment of
' principal due and payable on August 1, 1993;
12.40 % per annum on the above installment of
principal due and payable on August 1, 1994;
9.40 % per annum on the above installment of
principal due and payable on August 1, 1995;
9.55 % per annum on the above installment of
principal due and payable on August 1, 1996;
9.70 % per annum on the above installment of
principal due and payable on August 1, 1997;
9.90 % per annum on the above installment of
principal due and payable on August 1, 1998;
1 Q. 00 % per annum on the above installment of
principal due and payable on August 1, 1999;
9.875 % per annum on the above installment of
principal due and payable on August 1, 2000;
per annum on the above installment of
principal, due and payable on August 1, 2001;
with said interest being payable on February 1, 1985, and semi-
annually on each August 1 and February 1 thereafter while this
Bond or any portion hereof is outstanding and unpaid.
THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this
bond are payable in lawful money of the United States of
America, without exchange or collection charges. The install-
ments of principal and the interest on this Bond are payable to
the registered owner hereof through the services of First City
National Bank of Austin, Austin, Texas, which is the "Paying
Agent/Registrar" for this Bond. Payment of all principal of
and interest on this Bond shall be made by the Paying Agent/
Registrar to the registered owner hereof on each principal
and/or interest payment date by check or draft, dated as of
such date, drawn by the Paying Agent/Registrar on, and payable
solely from, funds of the Issuer required by the Ordinance au-
thorizing the issuance of this Bond (the "Bond OrdinAnce") to
be on deposit with the Paying Agent/Registrar for such purpose
as hereinafter provided; and such check or draft shall be sent
by the Paying Agent/Registrar by United States mail, first
class postage prepaid, on each such principal and/or interest
payment date, to the registered owner hereof, at -the address of
the registered owner, as it appeared on the last business day
of the month next preceding each such date (the "Record Date")
on the Registration Books kept by the Paying Agent/Registrar,
as hereinafter described. The Issuer covenants with the regis-
tered owner of this Bond that on or before each principal
and/or interest payment date for this Bond it will make avail-
able to the Paying Agent/Registrar, from the "Interest and
Sinking Fund" created by the Bond Ordinance, the amounts re-
quired to provide for the payment, in immediately available
funds, of all principal of and interest on this Bond, when due.
IF THE DATE for the payment of the principal of or inter-
est on this Bond shall be a Saturday, Sunday, a legal holiday,
or a day on which banking institutions in the City where the
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