HomeMy WebLinkAbout0124_002312. 00 % per annum on the above installment of
principal due and payable on August 15, 1986,
12. 00 % per annum on the above installment of
principal due and payable on August 15, 1987,
12.00 % per annum on the above installment of
principal due and payable on August 15, 1988;
12� per annum on the above installment of
principal due and payable on August 15, 1989;
12. 00.% per annum on the above installment of
principal due and payable on August 15, 1990;
12. 00% per annum on the above installment of
principal due and payable on August 15, 1991;
12. 00% per annum on the above installment of
principal due and payable on August 15, 1992;
12. 00% per annum on the above installment of
principal due and payable on August 15, 1993,
9.30.% per annum on the above installment of
principal due and payable on August 15, 1994,
9.45.% per annum on the above installment of
principal due and payable on August 15, 1995,
9.60_7, per annum on the above installment of
principal due and payable on August 15, 1996;
9,80A per annum on the above installment of
principal due and payable on August 15, 1997,
9.90 % per annum on the above installment of
principal due and payable on August 15, 1998,
1Q. 00 % per annum on the above installment of
principal due and payable on August 15, 1999,
10. 00A per annum on the above installment of
principal due and payable on August 15, 2000,
10.00 % per annum on the above installment of
principal due and payable on August 15, 2001,
jo.Qo A. per annum on the above installment of
principal due and payable on August 15, 2002,
per annum on the above installment of
principal due and payable on August 15, 2003,
with said interest being payable on February 15, 1985, an,
semiannually on each August 15 and February 15 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 sole-
ly from, funds of the Issuer required by the ordinance author-
izing 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 available
to the Paying Agent/Registrar, from the "Interest and Redemp-
tion 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 this Bond, when due
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