O-1965-726 - Laserfiche WebLink

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~ . . . I . e . . . The bonds of this Series scheduled to mature on and after January 15, 1977, may be redeemed prior to their scheduled maturities, in whole, or in part, at the option of said City, on January 15, 1976, or on any interest payment date thereafter, for the principal amount thereof plus accrued interest to the date fixed for redemption. At least thirty days before the date fixed for 'any ~uch redemption the City shall cause a written notice of such redemption to be published at least once in a financial publication published in the City of New York, New York. By the date fixed for any such redemption., due provision shall be made with the paying agent for the payment of the principal amount of the bonds to be redeemed, plus accrued interest thereon to the date fixed for redemption. If the written notice of redemption is published, and if due provision for such payment is made, all as provided above, the bonds, which are to be'so redeemed, thereby automatically shall be redeemed prior to ~aturity, and they shall not bear interest after the date fixed for redemption, and shall not be regarded as being outstanding except for the purpose of receiving the funds so provided for such payment. It is hereby certified and recited that this bond has been duly and validly authorized, issued, and delivered in accordance with the Constitution and laws of the State of Texas including, Acts 1947, 50th Legislature, Chapter ll4; and that the interest on and principal of this bond~ and the Series of which t is a 'part, are secured by and payable from a first lien on and pledge of the Net Revenues of said City's Airport. Said City has reserved the right, subject to the restrictions stated in the Ordinance authorizing this Series of bonds, to issue additional parity revenue bonds which also may be secured by and made payable from a first lien on and , pledge of the Net Revenues of said City's Airport. ~