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O-1986-1497
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O-1986-1497
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Last modified
11/2/2016 3:38:44 PM
Creation date
7/24/2006 10:43:47 AM
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Legislative Records
Legislative Type
Ordinance
Date
4/22/1986
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<br />" <br /> <br />It <br /> <br />e <br /> <br />forth in the Bank's current fee schedule then in effect for <br />services as Paying Agent/Registrar for municipalities, which <br />shall be supplied to the City on or before ninety (90) days <br />prior to the close of each year, and shall be effective upon <br />the first day of the following year. <br /> <br />In addition, the City agrees to reimburse the Bank <br />upon its request for all reasonable expenses, disbursements <br />and advances incurred or made by the Bank in accordance with <br />any of the provisions hereof (including the reasonable <br />compensation and the expenses and disbursements of its <br />agents and counsel). <br /> <br />ARTICLE TWO <br /> <br />DEFINITIONS <br /> <br />Section 2.01. Definitions. <br /> <br />For all purposes of this Agreement, except as <br />otherwise expressly provided or unless the context otherwise <br />requires: <br /> <br />"Bank Office" means the principal corporate <br />trust office of the Bank as indicated on the <br />signature page hereof. The Bank will notify the <br />City in writing of any change in location of the <br />Bank Office. <br /> <br />"Bond Ordinance" means the ordinance of the <br />City Council of the City adopted on April 22, 1986 <br />authorizing the issuance and sale of the Bonds, a <br />certified copy of which has been delivered to the <br />Bank. <br /> <br />"City Request" and "City Order" means a <br />written request or order signed in the name ~f the <br />City by the Mayor or the City Secretary of the <br />City and delivered to the Bank. <br /> <br />"Responsible Officer" when used with respect <br />to the Bank means the Chairman or Vice Chairman of <br />the Board of Directors, the Chairman or Vice <br />Chairman of the Executive Committee of the Board <br />of Directors, the President, any Vice President, <br />any Assistant Vice President, the Secretary, any <br />Assistant Secretary, the Treasurer, any Assistant <br />Treasurer, the Cashier,' any Assistant Cashier, any <br />Trust Officer or Assistant Trust Officer, or any <br />other officer of the Bank customarily performing <br />functions similar to those performed by any df the <br />above designated officers and also means, with <br />respect to a particular corporate trust matter, <br />any other officer to whom such matter is referred <br />because of his knowledge of and familiarity with <br />the particular subject. <br /> <br />.. <br /> <br />ARTICLE THREE <br /> <br />PAYING AGENT <br /> <br />Section 3.01. Duties of the Bank as Paying Agent. <br /> <br />As Paying Agent, the Bank shall, provided adequate <br />funds have been provided to it for such purpose by or on <br />behalf of the City, pay on behalf of the City the principal <br />of the Bonds at their respective maturities, whether at <br /> <br />PLS002I/0480l <br /> <br />-2- <br />
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