HomeMy WebLinkAbout0123_0022(b) The Initial Bond (i) may be prepaid or redeemed prior
to the respective scheduled due dates of installments of prin-
cipal 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 indicated, 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 pay-
able, all in the manner provided and at the rates and on the
dates stated in the FORM OF INITIAL BOND set forth in this Ord-
inance.
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 en-
dorsed on the Initial Bond, shall be substantially as follows.
NO. R-1
FORM OF INITIAL BOND
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN, TEXAS
UTILITY SYSTEM REVENUE BOND
SERIES 1984
$2,000,000
THE CITY OF GEORGETOWN, in Williamson County, Texas (the
"Issuer"), being a political subdivision of the State of Texas,
hereby promises to pay to
Dean Witter Reynolds, 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
TWO MILLION DOLLARS
in annual installments of principal due and payable on August
15 in each of the years, and in the respective principal
amounts, as set forth in the following schedule
YEAR
AMOUNT
YEAR
AMOUNT
1986
$10,000
1995
$135,000
1987
40,000
1996
150,000
1548
45,000
1997
150,000
1989
55,000
1998
150,000
1990
55,000
1999
150,000
1991
100,000
2000
150,000
1992
110,000
2001
150,000
1993
120,000
2002
150,000
1994
125,000
2003
155,000
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