Laserfiche WebLink
INSERTIONS FOR THE INITIAL BONDS <br />(i) The initial Current Interest Bonds shall be in the form set forth in this Exhibit, except that: <br />A. immediately under the name of the Bond, the headings "INTEREST RATE" and <br />"MATURITY DATE" shall both be completed with the words "As shown below" and <br />"CUSIP NO." shall be deleted. <br />B. the first paragraph shall be deleted and the following will be inserted: <br />"ON THE MATURITY DATE SPECIFIED ABOVE, the City of San Marcos, Texas (the <br />"Issuer"), being a political subdivision, hereby promises to pay to the Registered Owner specified <br />above, or registered assigns (hereinafter called the "Registered Owner"), on * in each of <br />the years, in the principal installments and bearing interest at the per annum rates set forth in the <br />following schedule: <br />Years Principal Installments Interest Rates <br />(Information for the Current Interest Bonds from the Pricing Certificate to be inserted) <br />The Issuer promises to pay interest on the unpaid principal amount hereof (calculated on the basis <br />of a 360 -day year of twelve 30 -day months) from * at the respective Interest Rate per <br />annum specified above. Interest is payable on * and semiannually on each <br />and * thereafter to the date of payment of the principal installment specified above; <br />except, that if this Bond is required to be authenticated and the date of its authentication is later than <br />the first Record Date (hereinafter defined), such principal amount shall bear interest from the interest <br />payment date next preceding the date of authentication, unless such date of authentication is after <br />any Record Date but on or before the next following interest payment date, in which case such <br />principal amount shall bear interest from such next following interest payment date; provided, <br />however, that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for <br />which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest <br />from the date to which such interest has been paid in full." <br />C. The initial Bond shall be numbered 7-1." <br />* <br />To be completed as determined by the Pricing Officer in the Pricing Certificate. To the extent that the Pricing Certificate relating to the Bonds is <br />inconsistent with any provisions in this Form of Bond or contains information to complete missing information in this Form of Bond, the language <br />in the Pricing Certificate shall be used in the executed Bonds. <br />San Marcos GORB - Delegated: Ordinance 18 <br />