HomeMy WebLinkAbout0134_0033THIS 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
$2,000,000, for the purpose of improving and extending the
Issuer's Waterworks System, to -wit Water Treatment Plant and
Transmission Lines
ON AUGUST 15, 1994, or on any interest payment date there-
after, the unpaid installments of principal of this Bond may be
prepaid or redeemed prior to their scheduled due dates, at the
option of the Issuer, with funds derived from any available
source, as a whole, or in part, and, if in part the Issuer
shall select and designate the maturity or maturities and the
amount that is to be redeemed, and if less than a whole matur-
ity is to be called, the Issuer shall direct the Paying Agent/
Registrar to call by lot (provided that a portion of a Bond may
be redeemed only in an integral multiple of $5,000), at the
redemption price of the principal amount thereof, plus accrued
interest to the date fixed for prepayment or redemption At
least 30 days prior to the date fixed for any redemption of
Bonds or portions thereof prior to maturity a written notice of
such redemption shall be published once in a financial publica-
tion, journal, or reporter of general circulation among secur-
ities dealers in The City of New York, New York (including, but
not limited to, The Bond Buyer and The Wall Street Journal), or
in the State of Texas (including, but not limited to, The Texas
Bond Reporter). Such notice also shall be sent by the Paying
Agent/Registrar by United States mail, first class postage pre-
paid, not less than 30 days prior to the date fixed for any
such redemption, to the registered owner of each Bond to be
redeemed at its address as it appeared on the 45th day prior to
such redemption date, provided, however, that the failure to
send, mail, or receive such notice, or any defect therein or in
the sending or mailing thereof, shall not affect the validity
or effectiveness of the proceedings for the redemption of any
Bond, and it is hereby specifically provided that the publica-
tion of such notice as required above shall be the only notice
actually required in connection with or as a prerequisite to
the redemption -of any Bonds or portions thereof. By the date
fixed for any such redemption due provision shall be made with
the Paying Agent/Registrar for the payment of the required re-
demption price for the Bonds or portions thereof which are to
be so redeemed, plus accrued interest thereon to the date fixed
for redemption If such written notice of redemption is pub-
lished and if due provision for such payment is made, all as
provided above, the Bonds or portions thereof which are to be
so redeemed thereby automatically shall be treated as redeemed
prior to their scheduled maturities, and they shall not bear
interest after the date fixed for redemption, and they shall
not be regarded as being outstanding except for the'right of
the registered owner to receive the redemption price plus ac-
crued interest from the Paying Agent/ Registrar out of the
funds pLovided for such payment If a portion of any Bond
shall be redeemed a substitute Bond or Bonds having the same
maturity date, bearing interest at the same rate, in any denom-
ination or denominations in any integral multiple of $5,000, at
the written request of the registered owner, and in aggregate
principal amount equal to the unredeemed portion thereof, will
be issued to the registered owner upon the surrender thereof
for cancellation, at the expense of the Issuer, all as provided
in the Bond Ordinance
THIS BOND OR ANY PORTION OR PORTIONS HEREOF IN ANY INTE-
GRAL MULTIPLE OF $5,000 may be assigned and shall be trans-
ferred only in the Registration Books of the Issuer kept by the
Paying Agent/Registrar acting in the capacity of registrar for
the Bonds, upon the terms and conditions set forth in the Bond
Ordinance Among other requirements for such assignment and
transfer, this Bond must be presented and surrendered to the
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