HomeMy WebLinkAbout0113_0012or to the registered assignee hereof (either being hereinafter
called the "registered owner") the principal amount of
and to pay interest thereon from July 1, 1984, to the maturity
date specified above, or the date of redemption prior to matur-
ity, with interest being payable on February 1, 1985, and semi-
annually on each August 1 and February 1 thereafter, at the
interest rate per annum specified above; except that if the
date of authentication of this Bond is later than January 31,
1985, the first scheduled Record Date for the Initial Bond,
such principal amount shall bear interest from the interest
payment date next preceding the date of authentication, unless
such date of authentication is after any Record Date (herein-
after defined) but on or before the next following interest
payment date, in whish case such principal amount shall bear
interest from such next following interest payment date.
THE PRINCIPAL OF AND INTEREST ON this Bond are payable in
lawful money of the United States of America, without exchange
or collection charges. The principal of this Bond shall be
paid to the registered owner hereof upon presentation and
surrender of this Bond at maturity or upon the date fixed for
its redemption prior to maturity, at the principal corporate
trust office of First City National Bank of Austin, Austin,
Texas, which is the "Paying Agent/Registrar" for this Bond
The payment of interest on this Bond shall be made by the
Paying Agent/Registrar to the registered owner hereof on each
interest payment date by check or draft, dated as of such in-
terest payment date, drawn by the Paying Agent/Registrar on,
and payable solely from, funds of the Issuer required by the
Ordinance authorizing the issuance of the Bonds (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 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 Any accrued interest due upon the
redemption of this Bond prior to maturity as provided herein
shall be paid to the registered owner at the principal corpor-
ate trust office of the Paying Agent/Registrar upon presenta-
tion and surrender of this Bond for redemption and payment at
the principal corporate trust office of the Paying Agent/Regis-
trar The Issuer covenants with the registered owner of this
Bond that on or before each principal payment date, interest
payment date, and accrued interest payment date for this Bond
it will make available to the Paying Agent/Registrar, from the
"Interest and Sinking Fund" created by the Bond Ordinance, the
amounts required to provide for the payment, in immediately
available funds, of all principal of and interest on the Bonds,
when due.
IF THE DATE for the payment of the principal of or inter-
est on this Bond shall bft a Saturday, Sunday, a legal holiday,
or a day on which banking institutions in the City where the
Paying Agent/Registrar is located are authorized by law or
executive order to close, then the date for such payment shall
be the next succeeding day which is not such a Saturday,
Sunday, legal holiday, or day on which banking institutions are
authorized to close, and payment on such date shall have the
same force and effect as if made on the original date payment
was due.
THIS BOND is one of an issue of Bonds initially dated July
1, 1984, authorized in accordance with the Constitution and
laws of the State of Texas in the principal amount of
$1,785,000 for the purpose of providing $1,000,000 for the
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