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<br /> -'1,7r % per annum on the above installment of
<br /> principal due and payable on September 1, 1992;
<br /> 8,00 % per annum on the above installment of
<br /> principal due and payable on September 1, 1993;
<br /> , D % per annum on the above installment of
<br /> principal due and payable on September 1, 1994;
<br /> 'T OD % per annum on the above installment of
<br /> principal due and payable on September 1, 1995;
<br /> with said interest being payable on March 1, 1986, and semi-
<br /> annually on each September 1 and March 1 thereafter while this
<br /> Bond or any portion hereof is outstanding and unpaid.
<br /> THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this
<br /> Bond are payable in lawful money of the United States of
<br /> America, without exchange or collection charges. The install-
<br /> ments of principal and the interest on this Bond are payable to
<br /> the registered owner hereof through the services of InterFirst
<br /> Bank Dallas, N.A., Dallas, Texas, which is the "Paying Agent/
<br /> Registrar" for this Bond. Payment of all principal of and
<br /> interest on this Bond shall be made by the Paying Agent/Regis-
<br /> trar to the registered owner hereof on each principal and/or
<br /> interest payment date by check or draft drawn by the Paying
<br /> Agent/Registrar on, and payable solely from, funds of the
<br /> Issuer required by the ordinance authorizing the issuance of
<br /> this Bond (the "Bond Ordinance") to be on deposit with the
<br /> Paying Agent/Registrar for such purpose as hereinafter pro-
<br /> vided; and such check or draft shall be sent by the Paying
<br /> Agent/Registrar by United States mail, first-class postage
<br /> prepaid, on each such principal and/or interest payment date,
<br /> to the registered owner hereof at the address of the registered
<br /> owner as it appeared on the 15th day prior to each such date
<br /> (the "Record Date") on the Registration Books kept by the
<br /> Paying Agent/Registrar, as hereinafter described. The Issuer
<br /> covenants with the registered owner of this Bond that on or
<br /> before each principal and/or interest payment date for this
<br /> Bond it will make available to the Paying Agent/Registrar, from
<br /> the "Interest and Sinking Fund" created by the Bond Ordinance,
<br /> the amounts required to provide for the payment, in immediately
<br /> available funds, of all principal of and interest on this Bond,
<br /> when due.
<br /> IF THE DATE for the payment of the principal of or inter-
<br /> est on this Bond shall be a Saturday, Sunday, a legal holiday,
<br /> or a day on which banking institutions in the city where the
<br /> Paying Agent/Registrar is located are authorized by law or
<br /> executive order to close, then the date for such payment shall
<br /> be the next succeeding day which is not such a Saturday,
<br /> Sunday, legal holiday, or day on which banking institutions are
<br /> authorized to close; and payment on such date shall have the
<br /> same force and effect as if made on the original date payment
<br /> was due.
<br /> THIS BOND has been authorized in accordance with the
<br /> Constitution and laws of the State of Texas in the principal
<br /> amount of $975,000, for the purpose of improving, remodeling
<br /> and constructing additions to the Issuer's Library.
<br /> ON SEPTEMBER 1, 1990, or on any interest payment date
<br /> thereafter, the unpaid installments of principal of this Bond
<br /> may be prepaid or redeemed prior to their scheduled due dates,
<br /> at the option of the Issuer, with funds derived from any avail-
<br /> able source, as a whole, or in part, and, if in part, the par-
<br /> ticular installment or installments of this Bond and the
<br /> amounts thereof to be prepaid or redeemed shall be selected and
<br /> designated by the Issuer (provided that an installment of this
<br /> Bond may be redeemed only in an integral multiple of $5,000),
<br /> at the prepayment or redemption price of the principal amount
<br /> thereof, plus accrued interest to the date fixed for prepayment
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