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is made, all as provided above, the borzds, which are to be so <br />redeemed, thereby automatically shall be redeemed prior to <br />maturity, and they shall not bear interest af:ter the date fixed <br />for redemption, and shall nat be regarded as being outstanding <br />i; except for the purpose of receiving funds so provided for such <br />payment. Provided, if the bonds called for prior redemption <br />are owned by the Texas Water Development Board, thirty days' <br />notice in writing of such redemption shall be given to said <br />Board in lieu of such publication. <br />5. INTEREST. That said bonds shall bear interest <br />at the following rates: <br />all bonds scheduled to mature during the <br />years 1971 through 1977.------------ 3.70% per annum; ~ <br />all bonds scheduled to mature during the <br />years 1978 through 1992 3.65% per annum; <br />evidenced by coupons payable July 10, 1966, and semi-annually <br />thereafter on January 10 and July 10 of each year. <br />6. EXECUTION OF BONDS AND COUPONS. That each of <br />said bonds and interest coupons shall be signed by the imprintec <br />or lithographed facsimile signature of the Mayor of said City <br />and countersigned by the imprinted or lithographed facsimile <br />signature of the City Clerk of said City, and the official ~ <br />; <br />seal of said City shall be impressed, or printed, or lithographed <br />; <br />on each of said bonds. ' <br />i <br />7. BOND FORM. The form of said bonds sha11 be ~ <br />substantially as follows: <br />