Laserfiche WebLink
<br />principal amounts, respectively, stated in the FORM OF INITIAL CERTIFICATE OF OBLIGA- <br />TION set forth in this Ordinance. <br /> <br />(b) The Initial Certificate of Obligation (i) may be prepaid or redeemed prior to the <br />respective scheduled due dates of installments of principal thereof, (ii) may be assigned and <br />transferred, (iii) may be converted and exchanged for other Certificates of Obligation, (iv) shall have <br />the characteristics, and (v) shall be signed and sealed, and the principal of and interest on the Initial <br />Certificate of Obligation shall be payable, all as provided, and in the manner required or indicated, <br />in the FORM OF INITIAL CERTIFICATE OF OBLIGATION set forth in this Ordinance. <br /> <br />Section 4. INTEREST. The unpaid principal balance ofthe Initial Certificate of Obligation <br />shall bear interest from the date ofthe Initial Certificate of Obligation, and will be calculated on the <br />basis of a 360-day year of twelve 30-day months to the respective scheduled due dates, or to the <br />respective dates of prepayment or redemption, of the installments of principal of the Initial <br />Certificate of Obligation, and said interest shall be payable, all in the manner provided and at the <br />rates and on the dates stated in the FORM OF INITIAL CERTIFICATE OF OBLIGATION set forth <br />in this Ordinance. <br /> <br />Section 5. FORM OF INITIAL CERTIFICATE OF OBLIGATION. The form of the Initial <br />Certificate of Obligation, including the form of Registration Certificate ofthe Comptroller of Public <br />Accounts of the State of Texas to be endorsed on the Initial Certificate of Obligation, shall be <br />substantially as follows: <br /> <br />FORM OF INITIAL CERTIFICATE OF OBLIGATION <br /> <br />NO.R-l <br /> <br />$6,000,000 <br /> <br />UNITED STATES OF AMERICA <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS, TEXAS <br />COMBINATION TAX AND REVENUE <br />CERTIFICATE OF OBLIGATION <br />SERIES 2000 <br /> <br />CITY OF PARIS, in LAMAR COUNTY (the "Issuer"), being a political subdivision ofthe <br />State of Texas, hereby promises to pay to <br /> <br />DAIN RAUSCHER, INC. <br /> <br />or to the registered assignee or assignees ofthis Certificate of Obligation or any portion or portions <br />hereof (in each case, the "registered owner") the aggregate principal amount of <br /> <br />SIX MILLION DOLLARS <br /> <br />3 <br />