Ord 3828 9/15/1981 CERTIFICATE FOR
ORDINANCE AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF CITY
GENERAL OBLIGATION BONDS , SERIES 1981, IN THE PRINCIPAL AMOUNT
OF $4, 990 , 000 , AND CALLING CERTAIN CITY CERTIFICATES OF OBLI-
GATION FOR REDEMPTION PRIOR TO MATURITY
THE STATE OF TEXAS •
COUNTY OF WICHITA •
CITY OF WICHITA FALLS •
We, the undersigned officers of said City, hereby certi-
fy as follows:
1. The Board of Aldermen of said City convened in
REGULAR MEETING ON THE 15TH DAY OF SEPTEMBER, 1981,
at the City Hall, and the roll was called of the duly consti-
tuted officers and members of said Board of Aldermen, to-wit:
Wilma J. Thomas , City Clerk Kenneth Hill, Mayor
Gene Shearman John W. Hampton, Jr. , Mayor Pro Tem
Carol G. Russell Curtis W. Smith
James B. Thomas Horace O. Boston
and all of said persons were present, except the following
absentees : Carol G. Russell and John W. Hampton, Jr.
thus constituting a quorum. Whereupon, among other business,
the following was transacted at said Meeting : a written
ORDINANCE AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF CITY
GENERAL OBLIGATION BONDS, SERIES 1981, IN THE PRINCIPAL AMOUNT
OF $4,990, 000, AND CALLING CERTAIN CITY CERTIFICATES OF OBLI-
GATION FOR REDEMPTION PRIOR TO MATURITY
was duly introduced for the consideration of said Board of
Aldermen and read in full. It was then duly moved and seconded
that said Ordinance be passed; and, after due discussion, said
motion, carrying with it the passage of said Ordinance, prevail-
ed and carried by the following vote:
YEAS : All members of said Board of Aldermen
shown present above voted "Aye
NAYS : None.
2 . That a true, full, and correct copy of the aforesaid
Ordinance passed at the Meeting described in the above and fore-
going paragraph is attached to and follows this Certificate;
that said Ordinance has been duly recorded in said Board of
Aldermen' s minutes of said Meeting; that the above and 'foregoing
paragraph is a true, full, and correct excerpt from said Board
of Aldermen ' s minutes of said Meeting pertaining to the passage
of said Ordinance; that the persons named in the above and fore-
going paragraph are the duly chosen, qualified, and acting offi-
cers and members of said Board of Aldermen as indicated therein;
that each of the officers and members of said Board of Aldermen
was duly and sufficiently notified officially and personally, in
advance, of the time, place, and purpose of the aforesaid Meet-
ing, and that said Ordinance would be introduced and considered
for passage at said Meeting, and each of said officers and mem-
bers consented, in advance, to the holding of said Meeting for
such purpose; and that said Meeting was open to the public, and
public notice of the time, place, and purpose of said meeting
was given, all as required by Vernon' s Ann. Civ. St. Article
6252-17.
3. That the Mayor of said City has approved, and hereby
approves, the aforesaid Ordinance; that the Mayor and the City
Clerk of said City have duly signed said Ordinance; and that
the Mayor and the City Clerk of said City hereby declare that
their signing of this Certificate shall constitute the signing
of the attached and following copy of said Ordinance for all
purposes.
SIGNED AND SEALED the 15th day of September, 1981.
.14-)2.14'
City C erk Mayor
(SEAL)
ORDINANCE NO. all
ORDINANCE AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF
CITY GENERAL OBLIGATION BONDS , SERIES 1981, IN THE PRINCIPAL
AMOUNT OF $4 , 990, 000, AND CALLING CERTAIN CITY CERTIFICATES
OF OBLIGATION FOR REDEMPTION PRIOR TO MATURITY
THE STATE OF TEXAS •
COUNTY OF WICHITA •
CITY OF WICHITA FALLS •
WHEREAS , the City of Wichita Falls, Texas (the "City" )
has outstanding the following obligations :
City of Wichita Falls Certificates of Obligation,
Series 1981, dated September 1, 1981, Certificates
Nos. 1 through 263, in the denomination of $5, 000
each, aggregating $1, 315, 000 in principal amount,
maturing September 1, 1986 , bearing interest to ma-
turity or redemption as follows : from September 1,
1981, to October 1, 1981, at the rate of 5% per
annum; from October 1, 1981, to September 1, 1983,
at the rate of 10. 92% per annum; from September 1,
1983, to March 1, 1984, at the rate of 11. 00% per
annum; from March 1, 1984, to September 1, 1984, at
the rate of 11. 50% per annum; and from September 1,
1984 to maturity at the rate of 12% per annum (the
"Certificates" ) ; and
WHEREAS , the Certificates are subject to redemption
prior to maturity, at the option of the City, on October 1,
1981, or on any date thereafter; and
WHEREAS , the City deems it advisable to call the Certi-
ficates for redemption prior to maturity on October 22 , 1981,
and to refund the Certificates in order to effectuate an inter-
est savings, and Bonds Nos. 1 through 263, maturing serially
during the years 1982 through 1987 , hereinafter authorized in
the principal amount of $1, 315, 000, are to be issued, sold, and
delivered to refund the Certificates pursuant to Vernon' s Ann.
Tex. Civ. St. Article 717k, the City' s Home Rule Charter, and
other applicable laws; and
WHEREAS, out of bonds aggregating the amount of $10, 875,000
voted at an election duly held in the City on January 26 , 1980 ,
the City has duly authorized, issued, and delivered $3, 800,000
thereof, represented by the City' s General Obligation Bonds ,
Series 1980; and
WHEREAS , Bonds Nos. 264 through 998, maturing serially
during the years 1987 through 1996, hereinafter authorized
in the principal amount of $3,675, 000, were lawfully and
favorably voted at said election duly held in the City on
January 26 , 1980; and
WHEREAS , said Bonds Nos. 264 through 998 , hereinafter
authorized, were voted and are to be issued, sold, and de-
livered for public purposes pursuant to Vernon' s Ann. Tex.
Civ. St. Articles 823, 1175, and 6081f, the City' s Home
Rule Charter, and other applicable laws.
THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE
CITY OF WICHITA FALLS, TEXAS:
Section 1. That the City' s negotiable, serial coupon
bonds are hereby authorized to be issued, sold, and delivered
in the total aggregate principal amount of $4 ,990, 000 , FOR
THE PURPOSE OF PROVIDING $1, 315, 000 FOR REFUNDING THE OUT-
STANDING CITY OF WICHITA FALLS CERTIFICATES OF OBLIGATION,
-1-
SERIES 1981, DATED SEPTEMBER 1, 1981, IN THE PRINCIPAL AMOUNT
OF $1, 315, 000 , AND FOR THE PURPOSE OF PROVIDING $570 , 000 FOR
LAYING OUT, CONSTRUCTING, AND IMPROVING STREETS IN SAID CITY;
$750 , 000 FOR CONSTRUCTING, IMPROVING, AND PROVIDING STORM
DRAINAGE FACILITIES IN SAID CITY; $567 ,000 FOR PURCHASING AND
IMPROVING LANDS FOR PUBLIC PARKS AND RECREATION PURPOSES;
$130, 000 FOR CONSTRUCTING AND INSTALLING TRAFFIC CONTROL DE-
VICES IN SAID CITY; $75, 000 FOR PURCHASING, REMODELING, AND
PERMANENTLY EQUIPPING A BUILDING TO PROVIDE MUNICIPAL COURT
AND MUNICIPAL OFFICE FACILITIES IN SAID CITY; $1, 400 , 000 FOR
CONSTRUCTING AND PERMANENTLY EQUIPPING A MUNICIPAL CENTRAL
SERVICE CENTER IN SAID CITY CONSISTING OF MUNICIPAL BUILDINGS ,
OFFICES, AND OTHER PERMANENT IMPROVEMENTS TO BE USED FOR MU-
NICIPAL MAINTENANCE .AND OPERATION PURPOSES , INCLUDING VEHICLE
STORAGE AND REPAIR; $33, 000 FOR REMODELING THE POLICE HEAD-
QUARTERS BUILDING IN SAID CITY; and $150, 000 FOR CONSTRUCT-
ING, PROVIDING, AND PERMANENTLY EQUIPPING A SANITARY LAND FILL
FOR SAID CITY, AND PURCHASING THE NECESSARY SITE, THEREFOR.
Section 2. That said bonds shall be designated as the:
"CITY OF WICHITA FALLS GENERAL OBLIGATION BONDS, SERIES 1981"
(the "bonds") .
Section 3. That said bonds shall be dated OCTOBER 1,
1981, shall be in the denomination of $5, 000 each, shall be
numbered consecutively from 1 through 998 , and shall mature
serially on the maturity date, in each of the years, and in
the amounts, respectively, as set forth in the following
schedule:
MATURITY DATE: DECEMBER 1
YEARS AMOUNTS YEARS AMOUNTS
1982 $ 40, 000 1990 $300 ,000
1983 300, 000 1991 300, 000
1984 300, 000 1992 450, 000
1985 300, 000 1993 450, 000
1986 300, 000 1994 450, 000
1987 300, 000 1995 450, 000
1988 300 , 000 1996 450, 000
1989 300 ,000
Section 4. That the bonds scheduled to mature during
the years, respectively, set forth below shall bear interest
at the following rates per annum:
maturities 1982 , 13.00 % maturities 1990, 11 .00 %
maturities 1983, 13.00 % maturities 1991, 11 .20 %
maturities 1984, 13.00 % maturities 1992, 11 .40 %
maturities 1985, 13.00 % maturities 1993, 11 .60 %
maturities 1986, 13.00 % maturities 1994 , 11 .80 %
maturities 1987, 13.00 % maturities 1995, 11 .00 %
maturities 1988, 11 .25 % maturities 1996 , 11 .00 %
maturities 1989, 11 .00 %
Said interest shall be evidenced by interest coupons which
shall appertain to said bonds, and which shall be payable in
the manner provided and on the dates stated in the FORM OF
BOND set forth in this Ordinance.
Section 5. That said bonds and interest coupons shall
be issued, shall be payable, may be redeemed prior to their
scheduled maturities, shall have the characteristics , and
shall be signed and executed (and said bonds shall be sealed) ,
all as provided, and in the manner indicated, in the FORM OF
BOND set forth in this Ordinance.
-2-
.
Section 6. That the form of said bonds , including the
form of Registration Certificate of the Comptroller of Public
Accounts of the State of Texas to be printed and endorsed on
each of said bonds, and the form of the aforesaid interest
coupons which shall appertain and be attached initially to each
of said bonds, shall be, respectively, substantially as follows :
FORM OF BOND:
NO. $5 ,000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF WICHITA
CITY OF WICHITA FALLS
GENERAL OBLIGATION BOND
SERIES 1981
ON DECEMBER 1, 19 , THE CITY OF WICHITA FALLS, in
Wichita County, Texas, hereby promises to pay to bearer hereof
the principal amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon, from date hereof , at the rate
of % per annum, evidenced by interest coupons payable
JUNE 1, 1982, and semiannually thereafter while this bond is
outstanding.
THE PRINCIPAL of this bond and the interest coupons ap-
pertaining hereto shall be payable to bearer, in lawful money
of the United States of America, without exchange or collec-
tion charges to the bearer, upon presentation and surrender
of this bond or proper interest coupon, at the following, which
collectively shall constitute and be defined as the "Paying
Agent" for this Series of bonds :
THE CHASE MANHATTAN BANK, N.A. , NEW YORK, NEW YORK,
OR, AT THE OPTION OF THE BEARER, AT
CITY NATIONAL BANK IN WICHITA FALLS , WICHITA FALLS , TEXAS .
THIS BOND is one of a Series dated as of OCTOBER 1, 1981,
authorized, issued, and delivered in the total aggregate prin-
cipal amount of $4, 990,000 , FOR THE PURPOSE OF PROVIDING
$1, 315, 000 FOR REFUNDING THE OUTSTANDING CITY OF WICHITA FALLS
CERTIFICATES OF OBLIGATION, SERIES 1981, DATED SEPTEMBER 1,
1981, IN THE PRINCIPAL AMOUNT OF $1,315,000 , AND FOR THE PUR-
POSE OF PROVIDING $570 , 000 FOR LAYING OUT, CONSTRUCTING, AND
IMPROVING STREETS IN SAID CITY; $750,000 FOR CONSTRUCTING,
IMPROVING, AND PROVIDING STORM DRAINAGE FACILITIES IN SAID
CITY; $567, 000 FOR PURCHASING AND IMPROVING LANDS FOR PUBLIC
PARKS AND RECREATION PURPOSES; $130, 000 FOR CONSTRUCTING AND
INSTALLING TRAFFIC CONTROL DEVICES IN SAID CITY; $75 ,000 FOR
PURCHASING, REMODELING, AND PERMANENTLY EQUIPPING A BUILDING
TO PROVIDE MUNICIPAL COURT AND MUNICIPAL OFFICE FACILITIES IN
SAID CITY; $1, 400, 000 FOR CONSTRUCTING AND PERMANENTLY EQUIPP-
ING A MUNICIPAL CENTRAL SERVICE CENTER IN SAID CITY CONSIST-
IY1 OF MUNICIPAL BUILDINGS, OFFICES , AND OTHER PERMANENT IM-
PP >VEMENTS TO BE USED FOR MUNICIPAL MAINTENANCE AND OPERATION
PURPOSES, INCLUDING VEHICLE, STORAGE AND REPAIR; $33 ,000 FOR
REMODELING THE POLICE HEADQUARTERS BUILDING IN SAID CITY; and
$150, 000 FOR CONSTRUCTING, PROVIDING, AND PERMANENTLY EQUIPP-
ING A SANITARY LAND FILL FOR SAID CITY, AND PURCHASING THE
NECESSARY SITE THEREFOR.
-3-
ON DECEMBER 1, 1989 ,
or on any interest payment date thereafter, the outstanding
bonds of this Series may be redeemed prior to their scheduled
maturities, at the option of said City, in whole, or in part,
for the principal amount thereof and accrued interest thereon
to the date fixed for redemption. At least thirty days prior
to the date fixed for any such redemption said 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 pay-
ment of the principal amount of the bonds which are to be so
redeemed and accrued interest thereon to the date fixed for
redemption. If such written notice of redemption is publish-
ed and if due provision for such payment is made, all as pro-
vided above, the bonds which are to be so redeemed thereby
automatically shall be redeemed prior to their scheduled ma-
turities, and they shall not bear interest after the date
fixed for redemption, and they shall not be regarded as being
outstanding except for the right of the bearer to receive the
redemption price from the "Paying Agent" out of the funds pro-
vided for such payment.
IT IS HEREBY certified, recited, and covenanted that this
bond has been duly and validly voted, authorized, issued, and
delivered; that all acts , conditions, and things required or
proper to be performed, exist, and be done precedent to or in
the voting, authorization, issuance, and delivery of this bond
have been performed, existed, and been done in accordance with
law; that this bond is a general obligation of said City, issued
on the full faith and credit thereof; and that annual ad valorem
taxes sufficient to provide for the payment of the interest on
and principal of this bond, as such interest comes due and such
principal matures, have been levied and ordered to be levied
against all taxable property in said City, and have been pledg-
ed irrevocably for such payment, within the limit prescribed
by law.
IN WITNESS WHEREOF , this bond and the interst coupons ap-
pertaining hereto have been signed with the facsimile signa-
ture of the Mayor of said City and countersigned with the fac-
simile signature of the City Clerk of said City, and the offi-
cial seal of said City has been duly impressed, or placed in
facsimile, on this bond.
xxxxxxxx xxxxxxxx
City Clerk, City of Wichita Falls Mayor, City of Wichita Falls
FORM OF REGISTRATION CERTIFICATE:
COMPTROLLER' S REGISTRATION CERTIFICATE: REGISTER NO.
I hereby certify that this bond has been examined, certi-
fied as to validity, and approved by the Attorney General of
the State of Texas, and that this bond has been registered by
the Comptroller of Public Accounts of the State of Texas .
Witness my signature and seal this
xxxxxxxx
Comptroller of Public Accounts of
the State of Texas .
-4-
FORM OF INTEREST COUPON:
NO. $
ON 1, 19 ,
THE CITY OF WICHITA FALLS, in Wichita County, Texas ,
promises to pay to bearer the amount shown on this interest
coupon, in lawful money of the United States of America, with-
out exchange or collection charges to the_.bearer, unless due
provision has been made for the redemption prior to scheduled
maturity of the bond to which this interest coupon appertains ,
upon presentation and surrender of this interest coupon, at
THE CHASE MANHATTAN BANK, N.A. , NEW YORK, NEW YORK,
OR, AT THE OPTION OF THE BEARER, AT
CITY NATIONAL BANK IN WICHITA FALLS , WICHITA FALLS , TEXAS,
said amount being interest coming due that day on the bond,
bearing the number hereinafter designated, of that issue of
CITY OF WICHITA FALLS GENERAL OBLIGATION BONDS , SERIES 1981,
DATED OCTOBER 1, 1981. Bond No.
xxxxxxxx xxxxxxx
City Clerk Mayor
Section 7. That a special "Interest and Sinking Fund"
is hereby created solely for the benefit of said bonds, and
said Interest and Sinking Fund shall be established and main-
tained by said City at an official depository bank of said
City. Said Interest and Sinking Fund shall be kept separate
and apart from all other funds and accounts of said City and
shall be used only for paying the interest on and principal
of said bonds. All ad valorem taxes levied and collected
for and on account of said bonds shall be deposited, as col-
lected, to the credit of said Interest and Sinking Fund.
During each year while any of said bonds or interest coupons
appertaining thereto are outstanding and unpaid, the govern-
ing body of said City shall compute and ascertain a rate and
amount of ad valorem tax which will be sufficient to raise
and produce the money required to pay the interest on said
bonds as such interest comes due, and to provide and maintain
a sinking fund adequate to pay the principal of such bonds as
such principal matures (but never less than 2% of the original
principal amount of said bonds as a sinking fund each year) ;
and said tax shall be based on the latest approved tax rolls
of said City, with full allowance being made for tax delin-
quencies and the cost of tax collection. Said rate and amount
o f ad v al or em tax is hereby levied,
and is hereby ordered to
be levied, against all taxable property in said City for each
year while any of said bonds or interest coupons appertaining
thereto are outstanding and unpaid; and said tax shall be
assessed and collected each such year and deposited to the
credit of the aforesaid Interest and Sinking Fund. Said ad
valorem taxes sufficient to provide for the payment of the
interest on and principal of said bonds, as such interest
comes due and such principal matures, are hereby pledged
irrevocably for such payment, within the limit prescribed
by law.
Section 8. That the Mayor of said City is hereby author-
ized to have control of said bonds and all necessary records
and proceedings pertaining to said bonds pending their de-
livery and their investigation, examination, and approval by
the Attorney General of the State of Texas, and their regis-
tration by the Comptroller of Public Accounts of the State
-5-
•
of Texas. Upon registration of said bonds , said Comptroller
of Public Accounts (or a deputy designated in writing to act
for said Comptroller) shall manually sign the Comptroller ' s
Registration Certificate printed and endorsed on each of said
bonds, and the seal of said Comptroller shall be impressed,
or placed in facsimile, on each of said bonds .
Section 9 . That the City covenants to and with the pur-
chaser of the bonds that it will make no use of the proceeds
of the bonds at any time throughout the term of this issue of
bonds which, if such use had been reasonably expected on the
date of delivery of the bonds to and payment for the bonds by
the purchasers, would have caused the bonds to be arbitrage
bonds within the meaning of Section 103 (c) of the Internal
Revenue Code of 1954, as amended, or any regulations or rul-
ings pertaining thereto; and by this covenant the City is
obligated to comply with the requirements of the aforesaid
Section 103 (c) and all applicable and pertinent Department
of the Treasury regulations relating to arbitrage bonds . The
City further covenants that the proceeds of the bonds will
not otherwise be used directly or indirectly so as to cause
all or any part of the bonds to be or become arbitrage bonds
within the meaning of the aforesaid Section 103 (c) , or any
regulations or rulings pertaining thereto.
Section 10. That it is hereby officially found and de-
termined: that a case of emergency or urgent public neces-
sity exists which requires the holding of the meeting at
which this Ordinance is passed, such emergency or urgent
public necessity being that the proceeds from the sale of
said bonds are required as soon as possible and without delay
for necessary and urgently needed public improvements; and
that said meeting was open to the public, and public notice
of the time, place, and purpose of said meeting was given,
all as required by Vernon' s Ann. Civ. St. Article 6252-17.
Section 11. That said bonds are hereby sold and shall
be delivered to Dean Witter Reynolds, Inc.
for cash for the par value therof and accrued interest thereon
to date of delivery, plus. a premium of $ -0- . It is
hereby officially found, determined, and declared that said
bonds have been sold at public sale to the bidder offering
the lowest interest cost, after receiving sealed bids pursuant
to an Official Notice of Sale and Official Statement dated
August 18, 1981, prepared and distributed in connection with
the sale of said bonds. Said Official Notice of Sale and
Official Statement have been and are hereby approved by the
Board of Aldermen. It is further officially found, determin-
ed, and declared that the statements and representations con-
tained in said Official Notice of Sale and Official Statement
are true and correct in all material respects , to the best
knowledge and belief of the Board of Aldermen.
Section 12. That the City shall, from the proceeds of the
sale and delivery of Bonds Nos. 1 through 263 (being the re-
funding portion of said bonds) , and from other funds of the
City now on hand and lawfully available for such purpose,
deposit with the State Treasurer of the State of Texas the
amount of money necessary under Vernon' s Ann. Tex. Civ. St.
Article 717k to accomplish the refunding of the Certificates,
promptly after the sale and delivery of said bonds to the
aforesaid purchaser thereof.
-6-
Section 13. That there is attached to this Ordinance
as "Exhibit A" , and made a part hereof for all purposes, a
NOTICE OF PRIOR REDEMPTION OF CERTIFICATES OF OBLIGATION call-
ing the Certificates for redemption prior to maturity. The
Certificates described and bearing the numbers set forth in
such NOTICE OF PRIOR REDEMPTION OF CERTIFICATES OF OBLIGATION
are hereby called for redemption, and shall be redeemed, prior
to maturity, on the date, at the place, and at the price set
forth therein. At least 10 days prior to the date fixed for
such redemption a copy of such NOTICE OF PRIOR REDEMPTION OF
CERTIFICATES OF OBLIGATION shall be delivered to the City
National Bank in Wichita Falls, Wichita Falls, Texas , and by
the date fixed for such redemption due provision shall be made
with City National Bank in Wichita Falls , Wichita Falls, Texas,
for the payment of the principal amount of said Certificates
plus accrued interest thereon to the date fixed for redemption.
Section 14. That the Mayor, City Clerk, Director of Fi-
nance, and all other officers, employees, and agents of the
City, and each of them, shall be and they are hereby express-
ly authorized, empowered, and directed from time to time and
at any time to do and perform all such acts and things and to
execute, acknowledge, and deliver in the name and under the
corporate seal and on behalf of the City all such instruments,
whether or not herein mentioned, as may be necessary or de-
sirable in order to carry out the terms and provisions of this
Ordinance and said bonds, the Official Notice of Sale and
Official Statement pertaining thereto, and the redemption of
the Certificates. In case any officer whose facsimile signa-
ture shall appear on any bond or interest coupon appertaining
thereto shall cease to be such officer before the delivery of
such bond, such facsimile signature shall nevertheless be valid
and sufficient for all purposes the same as if he or she had
remained in office until such delivery.
Section 15. That the provisions of this Ordinance are
severable; and in case any one or more of the provisions of
this Ordinance or the application thereof to any person or
circumstance should be held to be invalid, unconstitutional,
or ineffective as to any person or circumstance, the remainder
of this Ordinance nevertheless shall be valid, and the appli-
cation of any such invalid provision to persons or circum-
stances other than those as to which it is held invalid shall
not be affected thereby.
-7-
I .
"EXHIBIT A"
NOTICE OF PRIOR REDEMPTION
OF CERTIFICATES OF OBLIGATION
City of Wichita Falls Certificates of Obligation,
Series 1981, dated September 1, 1981, Certificates
Nos. 1 through 263, in the denomination of $5 ,000
each, aggregating $1, 315, 000 in principal amount,
and maturing on September 1, 1986 (the "Certificates") .
Notice is hereby given that the Certificates described
and bearing the numbers set forth above (being all of the
outstanding Certificates of said Series) are hereby called
for redemption, and will be redeemed, prior to maturity, on
October 22 , 1981, at City National Bank in Wichita Falls ,
Wichita Falls, Texas, for the principal amount thereof, plus
accrued interest thereon to said date fixed for redemption,
and without premium. Said Certificates shall not bear inter-
est after said date fixed for redemption.
CITY OF WICHITA FALLS, TEXAS
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