|
i
<br /> i
<br /> {
<br /> ~
<br /> ~
<br /> i
<br /> ~
<br /> ~ •
<br /> ; in annual installments of principal due and payable on December
<br /> E 15 in each of the years, and in the respective principal
<br /> ~ amounts, as set forth in the following schedule:
<br /> !
<br /> ~ YEARS AMOUNTS YEARS AMOUNTS
<br /> ~ 1985 $220,000 1993 $485,000
<br /> 1986 240,000 1994 535,000
<br /> ~ 1987 265,000 1995 590,000
<br /> i 1988 290,000 1996 650,000
<br /> ~ 1989 325,000 1997 725,000
<br /> 1990 360,000 1998 800,000
<br /> ~ 1991 400,000 1999 175,000
<br /> 1992 440,000
<br /> Pand to pay interest, from the date of this Initial Certificate
<br /> 'of Obligation, on the balance of each such installment of
<br /> ~principal, respectively, from time to time remaining unpaid, at
<br /> ~ the rates as follows:
<br /> ~ 11.50% per annum on the above installment of
<br /> j principal due and payable on December 15, 1985;
<br /> ~ 11.50% per annum on the above installment of
<br /> principal due and payable on December 15, 1986;
<br /> ~ 11. 50% per annum on the above installment of
<br /> ; principal due and payable on December 15, 1987;
<br /> ~ 11.50% per annum on the above installment of
<br /> ~ principal due and payable on December 15, 1988;
<br /> 11.50% per annum on the above installment of
<br /> principal due and payable on December 15, 1989;
<br /> 9.375% per annum on the above installment of
<br /> principal due and payable on December 15, 1990;
<br /> 8. 60% per annum on the above installment of
<br /> principal due and payable on December 15, 1991;
<br /> 8.80% per annum on the above installment of
<br /> principal due and payable on December 15, 1992;
<br /> 9.00% per annum on the above installment of
<br /> principal due and payable on December 15, 1993;
<br /> 9.20% per annum on the above installment of
<br /> principal due and payable on December 15, 1994;
<br /> 9.40% per annum on the above installment of
<br /> principal due and payable on December 15, 1995;
<br /> 9. 60% per annum on the above installment of
<br /> principal due and payable on December 15, 1996;
<br /> 9. 70% per annum on the above installment of
<br /> i principal due and payable on December 15, 1997;
<br /> 9.50; per annum on the above installment of
<br /> principal due and payable on December 15, 1998;
<br /> 9.00% per annum on the above installment of
<br /> principal due and payable on December 15, 1999;
<br /> with said interest being payable on June 15, 1985, and semi-
<br /> annually on each December 15 and June 15 thereafter while this
<br /> Certificate of Obligation or any portion hereof is outstanding
<br /> and unpaid.
<br /> THE INSTALLMENTS OF PRINCIPAL OF AND THE INTEREST ON this
<br /> Certificate of Obligation are payable in lawful money of the
<br /> United States of America, without exchange or collection
<br /> charges. The installments of principal and the interest on
<br /> this Certificate of Obligation are payable to the registered
<br /> ~owner hereof through the services of INTERFIRST BANK DALLAS,
<br /> N.A., Dallas, Texas, which is the "Paying Agent/Registrar" for
<br /> this Certificate of Obligation. Payment of all principal of
<br /> and interest on this Certificate of Obligation shall be made by
<br /> the Paying Agent/Registrar to the registered owner hereof on
<br /> each principal and/or interest payment date by check or draft,
<br /> dated as of such date, drawn by the Paying Agent/Registrar on,
<br /> and payable solely from, funds of the Issuer required by the
<br /> I
<br /> l
<br /> ~
<br /> ~ 3
<br />
<br /> I~
<br />
|