O-1985-1470 - Laserfiche WebLink

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. . All Bonds issued upon any transfer or exchange of any Bond shall be the valid obligations of the City, evidencing the same debt, and entitled to the same benefits under this Ordinance, as the Bond surrendered upon such transfer or exchange. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Paying AgentlRegistrar duly executed by, the registered owner thereof or his attorney duly authorized in writing. No service charge shall be made to the registered owner for any registration, transfer or exchange of Bonds, but the City or the Paying AgentlRegistrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Bonds. Neither the City nor the Paying Agentl Registrar shall be required to transfer or exchange any Bond during the period of fifteen (15) days next preceding any interest payment date or to transfer or exchange any Bond during the thirty (30) day period prior to the date fixed for the redemption of such Bond. Section 7. That the City, the Paying Agent/Regi- strar and any other person may treat the individual, firm or corporation in whose name any Bond is registered on the Bond Register as the absolute owner of such Bond for the purpose of making and receiving payment of the principal thereof and interest thereon and for all other purposes, whether or not such Bond is overdue, and neither the City nor the Paying Agent/Registrar shall be bound by any notice or knowledge to the contrary. All payments made to any such person, firm or corporation deemed to be the owner of any Bond in accordance with this Section 7 shall be valid and effectual and shall discharge the liability of the City and the Paying Agent/ Registrar to the extent of the sums paid. Section 8. That the Bonds shall be executed on behalf of the City by the Mayor under its seal attested by the City Secretary. Each such signature may be manually executed or placed in facsimile on the Bonds, and the City's seal may be manually impressed, printed or otherwise placed on the Bonds. Bonds receiving the manual or facsimile signatures of individuals who were at the time the duly elected or appointed officers of the City shall be binding upon the City notwithstanding such individuals or either of them shall cease to hold such offices prior to the certifica- tion, registration, authentication or delivery of such Bonds or shall not have held such office on the date of such Bonds, all as provided in the Bond Procedures Act of 1981, as amended. The Initial Bonds, each payable to the Purchaser named in Section 15 hereof, shall be executed and submitted to the Attorney General of Texas for approval, and thereupon certified by the Comptroller of Public Accounts of the State of Texas by his manual signature or by the manual signature of one of his deputies thereunto duly authorized. No Bond authorized by this Ordinance shall be entitled to any right or benefit hereunder, or be valid or obligatory for any purpose unless the Comptroller of Public Accounts of the State of Texas or his duly authorized agent shall have executed a Registration Certificate substantially in the form of the Registration Certificate of Comptroller of Public Accounts set forth in Section 9 hereof or the Paying Agent/Registrar shall have executed a Certificate of Auth- entication substantially in the form of the Certificate of Authentication of Paying Agent/Registrar set forth in Section 9 hereof, and either such executed certificate upon any Bond shall be conclusive evidence that such Bond has been executed and delivered pursuant to this Ordinance. RG041R/180B01 -4-