Ord 1979-019 - Laserfiche WebLink

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FORM OF CERTIFICATE OF OBLIGATION No. $1,000 1 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HAYS CITY OF SAN MARCOS TAX AND REVENUE CERTIFICATE OF OBLIGATION SERIES 1979 ON JANUARY 1, 19 , the City of San Marcos, in the County of Hays, State of Texas, promises to pay to bearer the principal amount of ONE THOUSAND DOLLARS ($1,000), and to pay interest thereon, from the date hereof to maturity, at the rate of 6.25% per annum, evidenced by interest coupons payable January 1, 1980, and semi-annually thereafter on each July 1 and January 1. THE PRINCIPAL of this Certificate of Obligation and the interest coupons appertaining hereto shall be payable in lawful money of the United States of America, without exchange or collec- I tion charges to the bearer, upon presentation and surrender of this Certificate of Obligation or proper interest coupon, at Hays County National Bank, San Marcos, Texas, which shall be the paying agent for this series of Certificates of Obligation. THIS CERTIFICATE OF OBLIGATION is one of a Series of Certificates of Obligation, dated May 1, 1979, issued in the prin- cipal amount of $80,000, for the purpose of paying contractual obligations to be incurred for constructing and acquiring improve- ments to the City's airport, and for paying contractual obligations for professional services, including attorneys and financial advisors, in accordance with Article 2368a.l, of the Revised Civil Statutes of Texas, as amended, and pursuant to an ordinance duly passed by the City Council of said City. I AS SPECIFIED in the ordinance hereinabove mentioned, the City reserves the right to redeem the Certificates of Obligation of this series, in whole or in part, at any time hereafter, at par and accrued interest; provided, however, that at least thirty (30) days prior to any date upon which any of said Certificates of