O-1962-641 - Laserfiche WebLink

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. . .-'"-- ., " . ..... -.-". Section 3: 3.01 - INTEREST RATES AND INTEREST PAYMENT DATES: That said bonds shall bear interest per annum, represented by interest coupons attached to such bonds, at the following rates, respectively, to- wit: Bonds Nos. 1 to 4, both inclusive, 2-1/2%, Bonds Nos. 5 to 16, both inclusive, 2-3/4%, Bonds Nos. 17 to 26, both inclusive, 3-1/2%, ~ Bonds Nos. 27 to 40, both inclus1.ve, 4%, . Bonds Nos. 41 to 55, both inclusive, 3-1/2%, and "'.- Bonds Nos. 56 to 68, both inclusive, 3-3/4%, interest payable September 15, 1962, and semi-annually thereafter on March 15th and September 15th of each year until the principal sum is paid. 3.02 - MODE OF PAYMENT AND BANK OF PAYMENT: That both principal of and interest on said bonds shall be payable in any coin or currency which, on the respective dates of payment of such principal and in- ."'---- terest, 1s legal tender for payment of debts due the United States ~ of America, at The First City National Bank of Houston, Houston, "_./ Texas, without exchange or collection charges to the owners of the bonds and/or interest coupons. The principal of said bonds shall be payable only upon presentation and surrender of said bonds as they respectively become due, and interest falling due on and prior to the respective maturity dates of the bonds shall be payable only upon presentation and surrender of the interest coupons at- tached to said bonds as such coupons severally become due. "",.-----.. Section 4: . EXECUTION OF BONDS AND INTEREST COUPONS ~ That each of the bonds shall be signed by the Mayor and countersigned by the City Clerk -5~