Res 1985-045 - Laserfiche WebLink

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or the registered assigns thereof, on the 1st day of August in each of the years, in the principal amounts (or so much thereof as shall not have been paid upon prior redemption), together with interest at the rates per annum, in accordance with the following schedule: Principal Interest Year Installment Rate (Insert information from schedules in Sections 2 and 3 hereof) such interest being payable on February 1 and Augus t 1 of each year, commencing on August 1, 1985. PRINCIPAL of this Bond shall be payable to the registered owner hereof, upon presentation and surrender of this Bond, at the principal corporate office of MBank Austin, N .A., Austin, Texas (the "Paying Agent/Registrar"). Interest shall be payable to the registered owner of this Bond whose name appears on the Registration Books maintained by the Paying Agent/Registrar at the close of business on the Record Date, which is the 15th day of the month next preceding each interest payment date hereof; provided, however, that in the event of nonpayment of interest on a scheduled interest payment date, and for 30 days thereafter, a new record date for such interest payment (the "S¡;>ecial Record Date") will be established by the Paying Agent/Reg~strar, if and when funds for the payment of such interest have been received from the ci ty. Notice of the Special Record Date and of the scheduled parment date of the past due interest (the "Special Payment Date", wh~ch shall be 15 days after the Special Record Date) shall be sent at least 5 business days prior to the Special Record Date by united states Mail, first class postage prepaid, to the address of each Holder of a Bond appear~ng on the books of the Paying Agent/Registrar at the close of business on the last business day preceding the date of mailing of such notice. All payments of ~rincipal of, premium, if any, and interest on this Bond shall be ~n lawful money of the united States of America and shall be made by the Paying Agent/Registrar by check sent on or prior to the appropriate date of payment, by United States Mail, first class postage prepaid, to the registered owner hereof on the a~plicable dates specified, at the address appearing on the Reg~stration Books or by such other method, acceptable to the Paying Agent/Registrar, requested by the registered owner hereof, at the Holder's risk and expense. If a date for the payment of the principal of or interest on this Bond is a Saturday, Sunday, legal holiday, or a day on which banking institutions in the City in which the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeedin~ day which is not a Saturday, Sunday, legal holiday, or day on wh~ch such banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. -13-