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<br /> Official Bid Form. All ex~enses in relation to the printing or typing of CUSIP numbers on the
<br /> Bonds shall be paid by the City; provided, however, that the CUSIP Service Bureau charQe
<br /> for the assignment of the numbers shall be the responsibility of and shall be paid for by the
<br /> Purchaser.
<br /> Initial De1iver~ of Initial Bond. . . Initial Delivery will be accomplished by the issuance
<br /> of one lnltlal and (also calleD the "Bonds"), either in typed or printed form, in the
<br /> aggregate principal amount of $3,020,000, payable in stated installments to the Purchaser,
<br /> signed by the Mayor and City Secretary, either manual or facsimile, approved by the
<br /> Attorney General, and registered and manually signed by the Comptroller of Public Accounts.
<br /> Initial Delivery will be at the principal corporate office.of the Paying Agent/Registrar.
<br /> Payment for the Bonds must be made in immediately available funds for unconditional credit
<br /> to the City, or as otherwise directed by the City. The Purchaser will be given six business
<br /> days' notice of the time fixed for delivery of the Bonds. It is anticipated that Initial
<br /> Delivery of the Initial Bond can be made on or about June 17,1985, and it is understood and
<br /> agreed that the Purchaser will accept delivery and make payment for the Initial Bond by
<br /> 10:00 AM, CDT, on June 17,1985, or thereafter on the date the Bond is tendered for delivery,
<br /> up to and including July 1, 1985. The Purchaser will not be required to pay for the Initial
<br /> Bond until such time as the definitive Bonds are available and have been duly registered.
<br /> If for any reason the City is unable to make delivery on or before July 1, 1985, then the
<br /> City shall immediately contact the Purchaser and offer to allow the Purchaser to extend his
<br /> offer for an additional thirty days. If the Purchaser does not elect to extend his offer
<br /> within six days thereafter, then his Good Faith Deposit will be returned, and both the City
<br /> and the Purchaser shall be relieved of any further obligation. In no event shall the City
<br /> be liable for any damages by reason of its failure to deliver the Bonds, provided such failure
<br /> is due to circumstances beyond the City's reasonable control.
<br /> Del ivery of Definitive Bonds. . . Upon pèI'!ml'r;L f. ':.he Initial Bond at the time of the Initial
<br /> Delivery, the Paying Agent/Registrar shall cancel the Initia1 Bond, provided registration
<br /> instructions have been received by the Paying Agent/Registrar, and shall register and deliver
<br /> the registered definitive Bonds, in any integral multiple of $5,000 for anyone maturity, in
<br /> accordance with instructions received from the Purchaser and/or members of the Purchaser's
<br /> s~ndicate account. It shall be the duty of the Purchaser to furnish to the Paying Agent/
<br /> Registrar, at least five business days prior to the Initial Delivery, written instructions
<br /> on forms which the Purchaser must request and obtain from, and which shall be provided by, the
<br /> Paying Agent/Registrar designating the names in which the Bonds are to be registered, the
<br /> addresses of the registered Holders, the maturities, interest rates and denominations. If
<br /> such forms are not available, written instructions by letter shall be furnished to Paying Agent/
<br /> Regi strar. The Paying Agent/Registrar will not be required to accept registration instructions
<br /> after the fifth business day prior to Initial Delivery. If such written instructions are not
<br /> received within the specified time period, the cancellation of the Initial Bond and delivery
<br /> of registered definitive Bonds will be delayed until such written instructions are received.
<br /> Conditions to Delivery. . . The obligation of the Purchaser to take up and pay for the Bonds
<br /> is subject to the Purchaser's receipt of (a) the legal opinion of Mr. Rick P. Fisher, Austin,
<br /> Texas, Bond Counsel for the City (" Bond Counsel"), (b) the no-l iti qati on certifi ca te. and
<br /> (c) the certification as to the Official Statement, all as further described in the Official
<br /> Statement.
<br /> Legal Opinions. . . The Bonds are offered when, as and if issued, subject to the unqua1ified
<br /> legal oplnion of the Attorney General of the State of Texas, and Mr. Rick P. Fisher (see Legal
<br /> Opinions in Official Statement); the opinion of said firm will be printed on the Bonds.
<br /> Certification of Official Statement. . . At the time of payment for, and Initial Delivery of,
<br /> the Initial Bond, the "City will execute and deliver to the Purchaser a certificate in thp
<br /> form set forth in the Official Statement.
<br /> Change in Tax Exempt Status" . . At any time before the Bonds are tendered for delivery, the
<br /> Purchaser may withdraw his bid if the interest received by private holders from bonds of the
<br /> same type and character shall be declared to be taxable income under present Federal income
<br /> tax laws, either by ruling of the Internal Revenue Service or by a decision of any Federal
<br /> court, or shall be declared taxable or be required to be taken into account in computing any
<br /> Federal income taxes, by the terms of any Federal income tax law enacted subsequent to the
<br /> date of this Notice of Sale and Bidding Instructions.
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