Ord 1985-121 - Laserfiche WebLink

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united states of America and shall be made by the Paying Agent/Registrar by check or draft 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 applicable dates specified, at the address appearing on the Registration Books, or by such other method acceptable to the Paying Agent/Registrar requested by the registered owner at the Holder's rlsk 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 insti tutions 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 succeeding day which is not a Saturday, Sunday, legal holiday, or day on which 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. THIS BOND is one of the series designated in its title, issued in the aggregate principal amount of $730,000 for the pur~ose of refunding and in lieu of certain outstanding obl19ations of the City described in the Ordinance hereinafter mentloned, in accordance with the Constitution and laws of the State of Texas, and particularly Article 717k-3 of the Revised civil Statutes of Texas, as amended, and pursuant to an ordinance by the City Council of the City authorizing the issuance, sale and delivery of the Bonds (the "Ordinance"). THE BONDS and the interest thereon are payable from the levy of a direct and continuing ad valorem tax against all taxable property in the City and by a pledge of and lien on the Surplus Revenues of the City's combined waterworks and Sewer System, all as provided in the Ordinance. THE CITY reserves the right to issue additional obligations which may be payable from the same source, secured in the same manner, and placed on a parity with this Bond and the series of which it is a part. AS PROVIDED in the Ordinance and subject to certain limitations set forth therein, this Bond is transferable on the Registration Books of the City, upon surrender of this Bond for transfer at the principal corporate office of the Paying Agent/Registrar, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Paying Agent/Registrar duly executed by, the registered owner hereof or hlS attorney duly authorized in writing, and thereupon one or more new fully registered Bonds of the same Stated Maturity, of authorized denominations, bearing the same rate of interest, and for the same aggregate principal amount will be issued to the designated tr~nsferee or transferees. By acceptance of this Bond, the Holder assents to all of the provislons of the Ordinance. THE CITY, the Paying Agent/Registrar, and any agent of either of them may treat the person in whose name this Bond is registered -7-