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<br /> OT a non-oayment oT interest on a scheduled oayment date, and for 30 days thereafter, a neVI
<br /> ,-eco'-o date ror sucn interest oayment a "Special Record'Date") will be established by the
<br /> Jajing .-',ge'1t/~e'giscrar, if and when funds for the payment of such interest have been from the
<br /> -, ." 'iotice of the Special Record Date and of the scheduled payment date of the past due
<br /> , ' ~ J' nterest the "Special Payment Date" '.^Ihich shaìì be 15 days after the Special Record Date)
<br /> s na 1 De sent at least five business days prior to the Special Record Date by United States
<br /> ~ail, ~irst class, postage orepaid, to the address of each Holder of a Certificate aooearing
<br /> on :he books of the Paying Agent/Registrar at the close of business on the last business day
<br /> nex: oreceding the date of mailing of such notice,
<br /> Financial Advisor's Right to Bid,., First Southwest Company, the City's Financial Advisor,
<br /> reserves the right to bid on the Bonds.
<br /> Blue Sky Laws ." By submission of his bid, the Purchaser represents that the sale of the
<br /> Certificates in states other than Texas will be made only pursuant to exemptions from regis-
<br /> tration or, where necessary, the Purchaser will register the Certificates in accordance with
<br /> the securities law of the states in which the Certificates are offered or sold. The City
<br /> agrees to cooperate with the Purchaser, at the Purchaser's written request and expense, in
<br /> registering the Certificates or obtaining an exemption from registration in any state where
<br /> such action is necessary.
<br /> Not an Offer to Sell ,.. This Notice of Sale does not alone constitute an offer to sell the
<br /> Certificates, but is merely notice of the sale of the Certificates. The offer to sell the
<br /> Certificates is being made by means of the Notice of Sale and Bidding Instructions, the Offi-
<br /> cial Bid Form and the Official Statement. Prospective purchasers are urged to carefully
<br /> examine the Official Statement to determine the investment quality of the Certificates.
<br /> Issuance of Additional Bonds... The City anticipates call ing a bond election in April 1984
<br /> for $5,000,000 additional waterworks and sewer system improvements.
<br /> Ratings ... The outstanding Waterworks and Sewer System Revenue Bonds of the City are not
<br /> rated by Moody's Investors Service, Inc. or by Standard & Poor's Corporation. Applications
<br /> for contract ratings on this issue have been made to both Moody's and Standard & Poor's.
<br /> The results of their determinations will be provided as soon as possible.
<br /> Municipal Bond Insurance ... In the event the Certificates are qualified for municipal bond
<br /> insurance, and the Purchaser desires to purchase such insurance, the cost therefor will be
<br /> paid by the Purchaser.
<br /> The Official Statement ... The City will furnish to the Purchaser, without cost, 25 copies
<br /> of the Official Statement (and 25 copies of any addenda, supplement or amendment thereto),
<br /> complete except as to interest rates and other terms relating to the reoffering of the
<br /> Certificates. The Purchaser may arrange at his own expense to have the Official Statement
<br /> reproduced and printed if he requires more than 25 copies, and may also arrange, at his total
<br /> expense and responsibility, for completion and perfection of the first or cover page of the
<br /> Official Statement so as to reflect interest rates and other terms and information related
<br /> to the reoffering of the Certificates. The City assumes no responsibility or obligation for
<br /> the distribution or delivery of any of these copies to anyone other than the Purchaser.
<br /> Additional Copies of Notice, Bid Form and Statement ". A limited number of additional copies
<br /> of this Notice of Sale and Bidding Instructions, the Official Bid Form and the Official
<br /> Statement, as available over and above the normal mailing, may be obtained at the offices
<br /> of First Southwest Company, Investment Bankers, 800 Mercantile Dallas Building, Dallas, Texas
<br /> 75201, Financial Advisor to the City.
<br /> The City reserves the right to reject any and all bids and to waive irregularities, except
<br /> time of filing.
<br /> The City Council, by resolution adopted this 5th day of December, 1983, approved the form
<br /> and content of the Notice of Sale and Bidding Instructions, the Official Bid Form and Official
<br /> Statement, and has authorized the use thereof in its initial offering of the Certificates.
<br /> On the date of the sale, the City Council will, in the Ordinance authorizing the issuance of
<br /> the Certificates, reconfirm its approval of the form and content of the Official Statement,
<br /> and any addenda, supplement or amendment thereto, and authorize its further use in the re-
<br /> offering of the Certificates by the Purchaser. / /n:>-
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<br /> / Mayor
<br /> December 5, 1983
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