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97-008 ORD AUTHORIZING ISSUANCE/DELIVERY OF COP WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 1997 IN THE PRINCIPAL AMOUNT OF $5,000,000 AND ORDAINING OTHER MATTERS RELATING THERETO
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97-008 ORD AUTHORIZING ISSUANCE/DELIVERY OF COP WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 1997 IN THE PRINCIPAL AMOUNT OF $5,000,000 AND ORDAINING OTHER MATTERS RELATING THERETO
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CITY CLERK
CITY CLERK - Date
2/10/1997
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<br /> <br /> <br /> <br /> <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 /> FORM OF INITIAL BOND <br /> <br /> NO. R-1 $5,000,000 <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> COUNTY OF LAMAR <br /> CITY OF PARIS, TEXAS <br /> WATERWORKS AND SEWER SYSTEM REVENUE BOND <br /> SERIES 1997 <br /> <br /> CITY OF PARIS, in Lamar County (the "Issuer"), being a political subdivision of the <br /> State of Texas, hereby promises to pay to <br /> <br /> PRUDENTIAL-SECURITIES INCORPORATED <br /> <br /> or to the registered assignee or assignees of this Bond or any portion or portions hereof (in each <br /> case, the "registered owner") the aggregate principal amount of <br /> <br /> FIVE MILLION DOLLARS <br /> <br /> in annual installments of principal due and payable on June 15 in each of the years, and in the <br /> respective principal amounts, as set forth in the following schedule: <br /> <br /> <br /> YEAR AMOUNT YEAR AMOUNT <br /> <br /> 1999 $ 170,000 2008 $275,000 <br /> 2000 180,000 2009 290,000 <br /> 2001 190,000 2010 305,000 <br /> 2002 200,000 2011 320,000 <br /> 2003 210,000 2012 340,000 <br /> 2004 220,000 2013 360,000 <br /> 2005 235,000 2014 380,000 <br /> 2006 245,000 2015 400,000 <br /> 2007 260,000 2016 420,000 <br /> <br /> and to pay interest, from the date of this Initial Bond, on the balance of each such installment of <br /> principal, respectively, from time to time remaining unpaid, at the rates as follows: <br /> <br /> <br /> <br /> 3 <br />
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