HomeMy WebLinkAbout0045_0043.3-001
purpose of constructing and improving the City's streets and
drainage in connection therewith; .$535,000 for the purpose of
renovating a Fire Station and permanently equipping same; and
$250,000 for the purpose of renovating and constructing a
IPolice Station building.
ON AUGUST 1, 1994, or on any interest payment date there-
after, the Bonds of this Series may be redeemed prior to their
scheduled maturities, at the option of the Issuer, with funds
derived from any available and lawful source, as a whole, or in
!part, and, if in part, the Issuer shall select and designate
the maturity or maturities and thex amount that is to be re-
deemed, and if less than a whole maturity 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 publication, journal, or reporter
of general circulation among securities 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 prepaid, 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 appearedon 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 publication 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 redemption 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 published 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 thex redemption price plus. accrued -interest
from the Paying Agent/Registrar out of the funds provided for
such payment. If a portion of any Bond shall be redeemed a
su;.)stitute Bond or Bonds having the.same.maturity date, bearing
interest at the same rate, in any denomination or denominations
.in -any integral multiple of -,$5,000, at the writteLi 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
Fatying Agent, Regietra.t together with proper instruments of
13