Ord 2007-036 - Laserfiche WebLink

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The Crty of San Marcos (the "City") m the Counties of Hays and Caldwell, State of Texas, for value received, hereby promises to pay to or registered assigns, on the Maturity Date specified above, the sum of DOLLARS and to pay interest on the unpaid principal amount hereof from the later of the Ongmal Issue Date specified above or the most recent interest payment date to which interest has been paid or provided for until such principal amount shall have been paid or provided for, at the per annum rate of interest specified above, computed on the basis of a 360-day year of twelve 30-day months, such interest to be paid semiannually on February 15 and August 15 of each year, commencing February 15, 2008 The principal of this Bond shall be payable without exchange or collection charges m lawful money of the United States of America upon presentation and surrender of this Bond at the designated office m Houston, Texas (the "Designated Payment/Transfer Office"), of the Paying Agent/Registrar executing the registration certificate appearing hereon, or, with respect to a successor Paying Agent/Registrar, at the Designated Payment/Transfer Office of such successor Interest on this Bond is payable by check dated as of the interest payment date, mailed by the Paying Agent/Registrar to the registered owner at the address shown on the registration books kept bythe PaymgAgent/Registrar or by such other customary banking arrangements acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the person to whom interest is to be paid. For the purpose of the payment of interest on this Bond, the registered owner shall be the person m whose name this Bond is registered at the close of business on the "Record Date," which shall be the last business day ofthe month next preceding such interest payment date, provided, however, that m 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 (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the Crty Notice of the Special Record Date and of the scheduled payment date of the past due interest (the "Special Payment Date", which shall be 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of each registered owner of a Bond appearing on the books of the Paying Agent/Registrar at the close of business on the last business day preceding the date of mailing such notice If a date for the payment of the principal of or interest on the Bonds is a Saturday, Sunday, legal holiday, or a day on which banking institutions m the city m which the Designated Payment/Transfer Office 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 a series of fully registered bonds specified m the title hereof issued m the aggregate principal amount of $1,895,000 (herein referred to as the "Bonds"), issued pursuant to a certain Ordinance of the Crty Council of the City (the "Ordinance") for (i) constructing and equipping a new Central Fire Station, (ii) constructing and improving LBJ sidewalk and Hutchison Street reconstruction, (ui) constructing and improving pedestrian and bicycle ways and facilities and (iv) paying the costs of issuing the Bonds San Marcos GO 2007' Ordinance 17