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08 - Certificates of Obligation Series 2021 - Wastewater Plant
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08 - Certificates of Obligation Series 2021 - Wastewater Plant
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Certificate it will make available to the Paying Agent/Registrar, from the "Interest and Sinking <br />Fund" created by the Certificate Ordinance, the amounts required to provide for the payment, in <br />immediately available funds, of all principal of and interest on the Certificates, when due. <br />IF THE DATE for the payment of the principal of or interest on this Certificate shall be a <br />Saturday, Sunday, a legal holiday or a day on which banking institutions in the city where the <br />corporate trust office of the Paying Agent/Registrar is located are authorized by law or executive <br />order to close, then the date for such payment shall be the next succeeding day that is not such a <br />Saturday, Sunday, legal holiday or day on which banking institutions are authorized to close; and <br />payment on such date shall have the same force and effect as if made on the original date payment <br />was due. <br />THIS CERTIFICATE is one of a series of Certificates dated May 1, 2021, authorized in <br />accordance with the Constitution and laws of the State of Texas in the principal amount of <br />[$46,065,000] for paying all or a portion of the Issuer's contractual obligations incurred in <br />connection with refurbishment of portions of the existing waste water treatment plant as needed in <br />connection with the construction of a new waste water treatment plant for the Issuer and paying <br />legal, fiscal, engineering and architectural fees in connection with this project. <br />THE CERTIFICATES maturing on December 15 in each of the years .. are <br />subject to mandatory redemption prior to maturity in part at random, by lot or other customary <br />method selected by the Paying Agent/Registrar, at par plus accrued interest to the redemption date, <br />in amounts sufficient to redeem said Bonds on December 15 in the years and principal amounts <br />shown on the following schedule. Such Certificates shall be redeemed with funds from the "Interest <br />and Sinking Fund" created by the Certificate Ordinance and shall be redeemed by the Paying <br />Agent/Registrar in part prior to maturity with funds from the Interest and Sinking Fund, for the <br />principal amount thereof and accrued interest to the date of redemption, and without premium, on <br />each of the aforesaid dates, in the principal amounts, respectively, as set forth in the following <br />schedule: <br />Certificates Maturing <br />12/15/20 <br />Principal <br />Year Amount <br />Certificates Maturing <br />12/15/20 <br />Principal <br />Year Amount <br />Certificates Maturing Certificates Maturing Certificates Maturing <br />2/15/20 2/15/20 <br />Principal Principal <br />Year Amount Year Amount <br />(')Final maturity of Certificates. <br />2/15/20 <br />Principal <br />Year Amount <br />
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