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HomeMy WebLinkAbout0035_003333g. 1L.40 per annum on the above installment of principal due and payable on August 1, ' 1986; 1240 per annum on the above installment of principal due and payable on August l,'1987,-, 12.40 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; 12.40 % per annum on the above installment of principal due and payable on August 1, 1990; 120.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 .90 % per annum on the above installment of principal due and payable on August 1, 1998; 10.00 per annum on the above installment of principal due and payable on August 1, 1999; X75 % per annum on the .above installment of principal due and payable on August 1, ` 2000; 9.40 °; per annum on the above installment of principal due and payable on August 1, 2001; t with said interest being payable on February 1, 1985, and semi- annually on each August 1 and February l 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 registeredowner 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 onz 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