5811 AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF PROJECT NOTES AND THE EXECUTION OF REQUISITION AGREEMENTS

Home Browse Search

; ° � � HUDA010 (11•68) If the federol$tatute designated on the face of this Note is the Housing Act of 1949,the following Payment Agreement is to 6e used: ' ' PAYMENT AGREEMENT Pursuont to$ection 102(c)of the Housing Act of 1949,as amended(42 U.S.C.1452(c)),the United$tates hereby uncondi- tionally agrees that oa the Ma'turity Date of the within Project Note it will pay or cause to be paid to the bearer thereo4 the principal of ond interest thereon,upon the presentotion and surrender of such Note to the PayingAgent designated therein,ond the full faith ond credit of the United States is pledged to such payment. Under Section 102(c)of the Act,this Agreement shall be construed separate and apartfrom the loan contract referred to in the within Note and shall be incontestable in the hands of a bearer. IN WITNES$WHEREOF,this Agreement has been executed on behalf of the United$tatas 6y the duly authorized Facsimile signature • of the$ecretory of Housing and Urban Development,as of the Date of Issue of the within Note. UNITED STATES OF AMERICA By . kcretary of Housing and Urban Development If the Federal Statute designated on the face of this Note is the HousingAct oi 1437,the following Payment Agreement is to be used: � PAYMENT AGREEMENT � The$ecretary of Housing and Urban Development hereby certifies that if the designated PayiogA9ent has executed the ± agreement hereon to act as Paying Agent,this Note is secured by a pledge of a loan�under the Requisition Agreement between the � Locol Issuing Agency and the United States of America,as described therein. $ection 22(c)of the United$tates Housing Act of ' 1937,provides that upon such certi4ication said Note shall be incontestable in the hands of a bearer,and the fullfaith and credit ' of the United States is pledged to the payment of said loan. ! • UNITED STATES OF AMERICA � BY I Secretary of Housing and Urbaa Development I ' � INSTRUCTIONS TO THE PRINTER: I . 'I be furnished with a signoture card for the purpose of printing the focsimile i e rinter wil � 1. NOTICE. Th P s ce rovided in the signature format of the ' si9nature of the$ecretery of Housing and Urbao Development in the pe p � Poyment Agreement. � i i 2. The uoderscored words oppearing in two places in the first form of Payment Agreement appeoring ebove should be � printed in itolics• 3. The Notes should be prepored on green bank safety paper,8Y2 inches wide and 14 inches long,with a blue lithographed border. 4. Only Notes should be prepared for execution,and they should be numbered consecutively from 1 upward. 5. The interest rate specified in the second poragraph of the text of the Notes should be expressed in both words and {igures; for example,0�e and Fifty-Two One•Hundreths Per Centum(1.524'0). 6. The denomination of the respective Notes should be expressed in figures in the heading and in words following the the term"Principal Amount" in the second paragraph. 1. The denominations,name of the Paying Agent(s),ond the interest rate(s)pertaining to the respective Notes,all in relation to the note numbers,are as follows: INTEREST PAYING NUMBERS��siveJ DENOMINATIONS RATE(S) AGENT(5) 233957-P