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i <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> the principal of and interest on the Initial Bond shall be <br /> payable, all as provided, and in the manner required or indi- <br /> cated, in the FORM OF INITIAL BOND set forth in this Ordinance. <br /> Section 4. INTEREST. The unpaid principal balance of the <br /> Initial Bond shall bear interest from the date of the Initial <br /> Bond to the respective scheduled due dates, or to the respec- <br /> tive dates of prepayment or redemption, of the installments of <br /> principal of the Initial Bond, and said interest shall be <br /> payable, all in the manner provided and at the rates and on the <br /> dates stated in the FORM OF INITIAL BOND set forth in this <br /> Ordinance. <br /> Section S. FORM OF INITIAL BOND. The form of the Initial <br /> Bond, including the form of Registration Certificate of the <br /> Comptroller of Public Accounts of the State of Texas to be <br /> printed and endorsed on the Initial Bond, shall be substan- <br /> tially as follows: <br /> FORM OF INITIAL BOND <br /> NO. R-1 $975,000 <br /> <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> COUNTY OF LAMAR <br /> C I TY OF PAR I S, TEXAS <br /> GENERAL OBLIGATION BOND <br /> SERIES 1985 <br /> THE CITY OF PARIS, in Lamar County, (the "Issuer"), being <br /> a political subdivision of the State of Texas, hereby promises <br /> to pay to <br /> jjpo6/~ S <br /> or to the registered assignee or assignees of this Bond or any <br /> portion or portions hereof (in each case, the "registered <br /> owner") the aggregate principal amount of <br /> NINE HUNDRED SEVENTY FIVE THOUSAND DOLLARS <br /> <br /> in annual installments of principal due and payable on Septem- <br /> ber 1 in each of the years, and in the respective principal <br /> amounts, as set forth in the following schedule : <br /> YEAR AMOUNT YEAR AMOUNT <br /> <br /> 1986 $ 75,000 1991 $100,000 <br /> - 1987 100,000 1992 100,000 <br /> 1988 100,000 1993 100,000 <br /> 1989 100,000 1994 100,000 <br /> 1990 100,000 1995 100,000 <br /> and to pay interest, from the date of this Bond hereinafter <br /> stated, on the balance of each such installment of principal, <br /> respectively, from time to time remaining unpaid, at the rates <br /> as follows: <br /> <br /> % per annum on the above installment of <br /> principal due and payable on September 1, 1986; <br /> /D •f % per annum on the above instal lment of <br /> principal due and payable on September 1, 1987; <br /> 9.7.1 % per annum on the above installment of <br /> principal due and payable on September 1, 1988; <br /> 700 % per annum on the above installment of <br /> ~ principal due and payable on September l, 1989; <br /> % per annum on the above installment of <br /> principal due and payable on September 1, 1990; <br /> '7'•fo % per annum on the above installment of <br /> principal due and payable on September 1, 1991; <br /> 2 <br />