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2000-011-ORD AUTHORIZING ISSUANCE OF WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 2000
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2000-011-ORD AUTHORIZING ISSUANCE OF WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 2000
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Last modified
8/18/2006 4:37:04 PM
Creation date
3/30/2001 2:04:48 PM
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CITY CLERK
Doc Name
2000
Doc Type
Ordinance
CITY CLERK - Date
2/22/2000
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<br />(the "Initial Bond"), but the Initial Bond may be assigned and transferred and/or converted into and <br />exchanged for a like aggregate principal amount of fully registered bonds, without interest coupons, <br />having serial and annual maturities, and in the denomination or denominations of $5,000 or any <br />integral multiple of$5,000, all in the marmer hereinafter provided. The term "Bonds" as used in this <br />Ordinance shall mean and include collectively the Initial Bond and all substitute bonds exchanged <br />therefor, as well as all other substitute bonds and replacement bonds issued pursuant hereto, and the <br />term "Bond" shall mean any of the Bonds. <br /> <br />Section 3. INITIAL DATE, DENOMINATION, NUMBER, MATURITIES, INITIAL <br />REGISTERED OWNER, AND CHARACTERISTICS OF THE INITIAL BOND. (a) The Initial <br />Bond is hereby authorized to be issued, sold, and delivered hereunder as a single fully registered <br />Bond, without interest coupons, dated March 15,2000, in the denomination and aggregate principal <br />amount of $9,500,000, numbered R-l, payable in annual installments of principal to the initial <br />registered owner thereof, to-wit: SOUTHWEST SECURITIES or to the registered assignee or <br />assignees of said Bond or any portion or portions thereof (in each case, the "registered owner"), with <br />the annual installments of principal of the Initial Bond to be payable on the dates, respectively, and <br />in the principal amounts, respectively, stated in the FORM OF INITIAL BOND set forth in this <br />Ordinance. <br /> <br />(b) The Initial Bond (i) may be prepaid or redeemed prior to the respective scheduled due <br />dates of installments of principal thereof, (ii) may be assigned and transferred, (iii) may be converted <br />and exchanged for other Bonds, (iv) shall have the characteristics, and (v) shall be signed and sealed, <br />and the principal of and interest on the Initial Bond shall be payable, all as provided, and in the <br />manner required or indicated, in the FORM OF INITIAL BOND set forth in this Ordinance. <br /> <br />Section 4. INTEREST. The unpaid principal balance of the Initial Bond shall bear interest <br />from the date of the Initial Bond and will be calculated on the basis ofa 360-day year of twelve 30- <br />day months to the respective scheduled due dates, or to the respective dates of prepayment or <br />redemption, ofthe installments of principal of the Initial Bond, and said interest shall be payable, <br />all in the manner provided and at the rates and on the dates stated in the FORM OF INITIAL BOND <br />set forth in this Ordinance. <br /> <br />Section 5. FORM OF INITIAL BOND. The form of the Initial Bond, including the form <br />of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be <br />endorsed on the Initial Bond, shall be substantially as follows: <br /> <br />2 <br />
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