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<br /> ~registered owner of this Certificate of Obligation that on or
<br /> ;before each principal and/or interest payment date for this
<br /> Certificate of Obligation it will make available to the Paying
<br /> Agent/Registrar, from the "Interest and Sinking Fund" created
<br /> ' by the Certificate of Obligation Ordinance, the amounts re-
<br /> quired to provide for the payment, in immediately available
<br /> 'funds, of all principal of and interest on this Certificate of
<br /> ~ Obligation, when due.
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<br /> ; IF THE DATE for the payment of the principal of or inter-
<br /> 1 est on this Certificate of Obligation shall be a Saturday, Sun-
<br /> [day, a legal holiday, or a day on which banking institutions in
<br /> the city where the Paying Agent/Registrar is located are
<br /> ~ authorized by law or executive order to close, then the date
<br /> p'for such payment shall be the next succeeding day which is not
<br /> lssuch a Saturday, Sunday, legal holiday, or day on which banking
<br /> institutions are authorized to close; and payment on such date
<br /> ~ shall have the same force and effect as if made on the original
<br /> ~ date payment was due.
<br /> THIS CERTIFICATE OF OBLIGATION has been authorized in
<br /> 'accordance with the Constitution and laws of the State of Texas
<br /> for the purpose of paying, in whole or in part, contractual
<br /> obligations for constructing and improving the City's Solid
<br /> ~ Waste Disposal System, to-wit: closure of old municipal land
<br /> i'fill area and acquisition, construction and improvement of new !
<br /> municipal land fill area, and for paying all or a portion of ~
<br /> ° the legal, fiscal and engineering fees in connection with this ~
<br /> project
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<br /> ON DECEMBER 15, 1989, or on any interest payment date
<br /> :thereafter, the Certificate of Obligation of this Series may be ~
<br /> redeemed prior to their scheduled maturities, at the option of
<br /> , the Issuer, with funds derived from any available source, as a
<br /> t whole, or in part, and, if in part, the particular portion of
<br /> this Certificate of Obligation to be prepaid or redeemed shall !
<br /> ~;be selected and designated by the Issuer (provided that a por- ~
<br /> ''.tion of this Certificate of Obligation may be redeemed only in ~
<br /> an integral multiple of $5,000), at the prepayment or redemp-
<br /> `tion price of the principal amount thereof, plus accrued inter-
<br /> I;est to the date fixed for prepayment or redemption. At least ~
<br /> 20 days prior to the date fixed for any redemption of Certifi- ~
<br /> ; cates of Obligation prior to maturity a written notice of such
<br /> redemption shall be given by the Issuer to the Paying Agent/
<br /> ~ Registrar, and the Paying Agent/Registrar shall send a copy of ~
<br /> i;such notice by United States mail, first-class postage prepaid, ~
<br /> not less than 15 daYs Prior to the date fixed for anY such re- f
<br /> demption, to the registered owner of each Certificate of Obli- ;
<br /> gation to be redeemed at its address as it appeared on the 20th ~
<br /> i~day prior to such redemption date; provided, however, that the °
<br /> failure to send, mail, or receive such notice, or any defect ~
<br /> therein or in the sending or mailing thereof, shall not affect i
<br /> ~.the validity or effectiveness of the proceedings for the re- ~
<br /> demption of any Certificate of Obligation, and it is hereby
<br /> ~ specifically provided that the giving of notice by the Issuer ~
<br /> i'to the Paying Agent/Registrar as required above shall be the
<br /> ; only notice actually required in connection with or as a pre- ~
<br /> ' requisite to the redemption of any Certificates of Obligation. ~
<br /> By the date fixed for any such redemption due provision shall ~
<br /> be made with the Paying Agent/Registrar for the payment of the
<br /> required redemption price for the Certificates of Obligation ;
<br /> € which are to be so redeemed, plus accrued interest thereon to ¢
<br /> ; the date fixed for redemption. If such written notice of re- ~
<br /> ;:demption is given to the Paying Agent/Registrar and if due pro- '
<br /> vision for such payment is made, all as provided above, the
<br /> j'Certificates of Obligation which are to be so redeemed thereby
<br /> f~automatically shall be treated as redeemed prior to their ~
<br /> i scheduled maturities, and they shall not bear interest after ~
<br /> ~ the date fixed for redemption, and they shall not be regarded ~
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