|
<br />
<br />
<br />
<br />
<br />
<br /> maturity 1992, 4.50% maturity 2002, 6.10%
<br /> maturity 1993, 4.75% maturity 2003, 6.15%
<br /> maturity 1994, 5.00% maturity 2004, 6.25%
<br /> maturity 1995, 5.20% maturity 2005, 6.30%
<br /> maturity 1996, 5.40% maturity 2006, 6.40%
<br /> maturity 1997, 5.60% maturity 2007, 6.50%
<br /> maturity 1998, 5.70% maturity 2008, 6.50%
<br /> maturity 1999, 5.80% maturity 2009, 6.50%
<br /> maturity 2000, 5.85% maturity 2010, 6.50%
<br /> maturity 2001, 6.00% maturity 2011, 6.50%
<br />
<br /> with said interest being payable on June 15, 1992, and semiannually on each December 15
<br /> and June 15 thereafter while this Bond or any portion hereof is outstanding and unpaid.
<br />
<br /> THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this Bond
<br /> are payable in lawful money of the United States of America, without exchange or collection
<br /> charges. The installments of principal and the interest on this Bond are payable to the
<br /> registered owner hereof through the services of NCNB Texas National Bank, Dallas, Texas,
<br /> which is the "Paying Agent/Registrar" for this Bond. Payment of all principal of and interest
<br /> on this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof
<br /> on each principal and/or interest payment date by check or draft, dated as of such date,
<br /> drawn by the Paying Agent/Registrar on, and payable solely from, funds of the Issuer
<br /> required by the ordinance authorizing the issuance of this Bond (the "Bond Ordinance") to
<br /> be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided; and
<br /> such check or draft shall be sent by the Paying Agent/Registrar by United States mail, first-
<br /> class postage prepaid, on each such principal and/or interest payment date, to the registered
<br /> owner hereof, at the address of the registered owner, as it appeared on the last business day
<br /> of the month next preceding each such date (the "Record Date") on the Registration Books
<br /> kept by the Paying Agent/Registrar, as hereinafter described, or by such other method
<br /> acceptable to the Paying Agent/Registrar requested by, and at the risk and expense of, the
<br /> registered owner. The Issuer covenants with the registered owner of this Bond that on or
<br /> before each principal and/or interest payment date for this Bond it will make available to
<br /> the Paying Agent/Registrar, from the "Interest and Sinking Fund" created by the Bond
<br /> Ordinance, the amounts required to provide for the payment, in immediately available funds,
<br /> of all principal of and interest on this Bond, when due.
<br />
<br /> IF THE DATE for the payment of the principal of or interest on this Bond shall be
<br /> a Saturday, Sunday, a legal holiday, or a day on which banking institutions in the city where
<br /> the Paying Agent/Registrar is located are authorized by law or executive order to close, then
<br /> the date for such payment shall be the next succeeding day which is not such a Saturday,
<br /> 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
<br /> payment was due.
<br />
<br />
<br />
<br /> 5
<br />
|