O-1986-1497 - Laserfiche WebLink

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. e Section 14. That the City covenants at all times to maintain a Paying Agent/Registrar for the Bonds meeting the qualifications herein set forth, and, subject to the remaining provisions of this Section 14, hereby appoints First City National Bank of Houston, Houston, Texas, initi- ally to serve in such capacity. The form, terms and provi- sions of the proposed Agreement between the City and First City National Bank of Houston, providing for such appoint- ment which is attached to this Ordinance as Exhibit A are hereby approved in all respects, and the Mayor and City Secretary are hereby authorized and directed to execute and deliver an agreement substantially in the form of such Agreement, with such changes therein as the officers execut- ing the same shall, as evidenced by their signatures there- on, approve. The City expressly reserves the right to appoint one or more successor Paying Agent/Registrars by (1) filing with the Paying Agent/Registrar then serving a certified copy of a resolution or ordinance giving notice of the termination of the City's agreement with such Paying Agent/ Registrar and appointing a successor and (2) giving notice to all"of the registered owners of the Bonds and to the Municipal Advisory Council of Texas or its successor. Every Paying Agent/Registrar appointed hereunder shall at all times be a corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws to exercise trust powers, and subject to supervision or examination by Federal or State authority. Section 15. That public advertisement for the sale of the Bonds having been made and bids to purchase the Bonds having been received pursuant thereto, it is hereby . found and declared that the bid submitted by {/&bff/'W1'J IJ};.ok'J r.: -+ Ce. 1'1(,/Jqwatui anA 1lsso6aiP;c, (the n Purchaser" ) is the best bid received, and the sale of the Bonds to the Purchaser at a price equal to the principal amount of the Bonds plus accrued interest thereon from the Initial Date to the date of actual delivery, plus a cash premium of $ - , subject to the approving opinion as to the legality of the Bonds of the Attorney General of the State of Texas and Baker & Botts, Houston, Texas, market attorneys, is hereby authorized, ratified, approved and confirmed. The Mayor, City Secretary and other appropriate officers of the City are authorized and directed to perform all acts necessary and/or convenient to carry out the' terms of this Ordinance. Section 16. That this Ordinance shall take effect and be in full force immediately upon its adoption. {~ ~r~ISI PASSED AND APPROVED on , 1986. ATTEST: (lj~ U~ Ci.ty..~",Se.c..retary, City ...~+ .:- ;.ir"'~1.~ ~ Port,e, Texas ~ -. ~ ' ." "'~'1 ';:,:~."_~. J.'_, f~'.-: .:"... - '- ..i - 1 : -;.-~ ~;' J; . ,{ SEAL1-..,..! ~ .., .' .'....... ''''". ....... of " ... - ~ . :ori -;. ~ ~:. ~ - - . ':" ~ . . :r.~' RG O'4'1'Bti~ErO'B 0 1 -10-