|
and to pay interest thereon, from the date hereof, at the rate
<br />of /o per annum, evidenced by interest coupons payable on
<br />_ July l, 1973, and semi-annually thereafter on each January 1 and
<br />and July 1 while this bond is outstanding. The principal of
<br />this bond and the interest coupons appertaining hereto shall be
<br />payable to bearer, in lawful money of the United States of
<br />America, without exchange or collection charges to the bearer,
<br />upon presentation and surrender of this bond or proper interest
<br />coupon, at the FIRST NATIONAL BANK IN DALLAS, DALLAS, TEXAS,
<br />which place shall be the paying agent for this Series of bonds.
<br />THIS BOND is one of a Series of bonds dated January l,
<br />1973, issued in the principal amount of $295,000, for the
<br />purpose of improving and extending said City's Sewer System.
<br />BONDS of said Series scheduled to mature on and after
<br />July 1, 1983, may be redeemed prior to their scheduled matur-
<br />ities, at the option of said City, in whole, or in part, on
<br />July 1, 1982, or on any interest payment date thereafter, for
<br />the principal amount thereof and accrued interest thereon to
<br />the date fixed for redemption. At least thirty days prior to
<br />the date fixed for any such redemption, said City shall cause
<br />a written notice of such redemption to be published in a finan-
<br />cial publication published in the City of New York, New York.
<br />By the date fixed for any such redemption, due provision shall
<br />be made with the paying agent for the payment of the principal
<br />amount of the bonds which are to be so redeemed and accrued
<br />interest thereon to the date fixed for redemption. If such
<br />written notice of redemption is published and if due provision
<br />for such payment is made, all as provided above, the bonds which
<br />are to be so redeemed thereby automatically shall be redeemed
<br />prior to their scheduled maturities, and they shall not bear
<br />interest after the date fixed for redemption, and they shall
<br />not be regarded as being outstanding except for the purpose of
<br />being paid by the paying agent with the funds so provided for
<br />such payment.
<br />IT IS HEREBY certified, recited, and covenanted that
<br />this bond has been duly and validly issued and delivered; that
<br />all acts, conditions, and things required or proper to be per-
<br />formed, exist, and be done precedent to or in the issuance and
<br />delivery of this bond have been performed, existed, and been
<br />done in accordance with law; and that the interest on and prin-
<br />cipal of this bond, and the Series of which it is a part,
<br />together with other outstanding Waterworks and Sewer System
<br />Revenue Bonds of said City, are secured by and payable from a
<br />first lien on and pledge of the Net Revenues of said City's
<br />Waterworks and Sewer System,
<br />SAID CITY has reserved the right, subject to the re-
<br />strictions stated, or adopted by reference, in the Ordinance
<br />authorizing this Series of bonds, to issue additional parity
<br />revenue bonds which also may be secured by and made payable
<br />f.
<br />
|