O-1985-1470 - Laserfiche WebLink

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e e EXHIBIT A BOND REGISTRAR AND PAYING AGENT AGREEMENT THIS AGREEMENT entered into as of , 1985 (the "Agreement") by and between the City of La Porte, Texas, a body politic and corporate and a political sub- division of the State of Texas (the "City"), and First City National Bank of Houston, a national banking association duly organized and existing under the laws of the United States of America with its principal offices in Houston, Texas (the "Bank") ~ WIT N E SSE T H: WHEREAS, the City has duly authorized and provided for the issuance of its General Obligation Bonds, Series 1985 (the "Bonds") in the aggregate principal amount of $5,000,000 to be issued as registered bonds without coupons~ and WHEREAS, all things necessary to make the Bonds the valid obligations of the City, in accordance with their terms, will be taken prior to the issuance and delivery thereof1 and WHEREAS, the City is desirous that the Bank serve as the agent of the City for the purpose of providing for the authentication, registration, transfer, exchange, replace- ment and payment of the Bonds, all under and in strict con- formity with the Ordinance of the City authorizing the issu- ance and sale of the Bonds and approving this Agreement~ and WHEREAS, the Bank desires to serve as the City's agent for the purposes listed above and to enter into and perform its obligations under this Agreement~ NOW, THEREFORE, the City and the Bank hereby agree as follows: ARTICLE ONE' APPOINTMENT OF BANK AS PAYING AGENT AND REGISTRAR Section 1.01. Appointment. The City hereby appoints the Bank to act as Paying Agent/Registrar with respect to the Bonds, for the purposes of (i) paying to the registered owners of the Bonds the principal of and interest on all or any of the Bonds~ (ii) maintaining the Bond Register (as defined in Section 4.01) in which shall be kept the names and addresses of the registered owners of the Bonds~ and (iii) authenticating Bonds issued pursuant to the Ordinance authorizing the Bonds, all as described in this Agreement. The Bank hereby accepts such appointments, and agrees to act as, the Paying Agent/Registrar with respect to the Bonds, subject to the terms and conditions of this Agreement. Section 1.02. Compensation. As compensation for the Bank's services as Paying Agent/Registrar, the City hereby agrees to pay the Bank the fees and amounts set forth in Annex A hereto until December 31, 1986 and thereafter the fees and amounts set forth in the