O-1994-1971 - Laserfiche WebLink

Browse Search

e e Agent/R.egistrar may prescribe: and the Paying AgentlRegistrar shall make such registrations. transfers. and exchanges as herein provided. The Mayor and the City Secretary are authorized to enter into a Paying Agent/Registrar Agreement substantially in the fonn of Exhibit A, attached hereto. The Paying Agent/Registrar shall obtain and record in the Registration Books the address of the registered owner of each Bond to which payments with respect to the Bonds shall be mailed, as herein provided: but it shall be the duty of each registered owner to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. To the extent possible and under reasonable circumstances, all transfers of Bonds shall be made within three business days after request and presentation thereof. The Issuer shall have the right to inspect the Registration Books during regular business hours of the Paying Agent/Registrar. but otherwise the Paying Agent/Registrar shall keep the Regis- tration Books confidential and, unless otherwise required by law, shall not pennit their inspection by any other entity. The Paying AgentlRegistrar's standard or customary fees and charges for making such registration. transfer, exchange and delivery of a substitute Bond or Bonds shall be paid as provided in the FORM OF BOND set fanh in this Ordinance. Registration of assignments. transfers. and exchanges of Bonds shall be made in the manner provided and with the effect stated in the FORM OF BOND set fonh in this Ordinance. Each substiblte Bond shall bear a letter and/or number to distinguish it from each other Bond. Except as provided in (c) below, an authorized representative of the Paying Agent/Registrar shall, before the delivery of any such Bond, date and manually sign the Paying AgentlRegistrar's Authentication Certificate, and no such Bond shall be deemed to be issued or outstanding unless such Cenificate is so executed. The Paying Agent/R.egistrar promptly shall cancel all paid Bonds and Bonds surrendered for transfer and exchange. No addi- tional ordinances. orders, or resolutions need be passed or adopted by the governing body of the Issuer or any other body or person so as to accomplish the foregoing lI'ansfer and exchange of any Bond or portion thereof, and the Paying Agent! Registrar shall provide for the printing, execution, and delivery of the substitute Bonds in the manner prescribed herein, and said Bonds shall be of type composition printed on paper with lithographed or steel engraved borders of customary weight and strength. Pursuant to Vernon's Ann. Tex. Civ. St. Art. 717k-6, and particularly Section 6 thereof, the duty of transfer and exchange of Bonds as aforesaid is hereby imposed upon the Paying Agent/Registrar, and, upon the execution of said certificate, the transferred and exchanged Bond shall be valid, incontestable, and enforceable in the same manner and with the same effect as the Bonds which initially were issued and delivered pursuant to this Ordinance, approved by the Attorney General. and registered by the Comptroller of Public Accounts. (b) Payment of Bonds and Interest. The Issuer hereby further appoints the Paying Agent/Registrar to act as the paying agent for paying the principal of and interest on the Bonds, all as provided in this Ordinance. The Paying Agent! Registrar shall keep proper records of all payments made by the Issuer and the Paying Agent/Registrar with respect to the Bonds. (c) In General. The Bonds (i) shall be issued in fully registered fonn, without interest coupons, with the principal of and interest on such Bonds to be payable only to the registered owners thereof, (ii) may be redeemed prior to their scheduled maturities, (iii) may be transferred and assigned. (iv) may be exchanged for other Bonds, (v) shall have the characteristics. (vi) shall be signed, sealed, executed. and authenticated. (vii) shall have the principal of and interest on the Bonds be payable, and (viii) shall be administered and the Paying Agent/Registrar and the Issuer shall have certain duties and responsibilities with respect to the Bonds. all as provided. and in the manner and to the effect as required or indicated. in the FORM OF BOND set fonh in this Ordinance. The Bonds initially issued and delivered pursuant to this Ordinance numbered R-I through R-II (collectively, the "Initial Bonds") shall be delivered to the initial purchaser and are not required to be. and shall not be, authenti- cated by the Paying AgentlRegistrar. but on each substitute Bond issued in exchange for the Initial Bonds or any Bond or Bonds issued under this Ordinance the Paying AgentlRegistrar shall execute the PAYING AGENTIREGISTRAR'S AUTIlENTICATION CERTIFICAlE, in the fonn set fonh in the FORM OF BOND. (d) Substitute Paving Agent/RegistIar. The Issuer covenants with the registered owners of the Bonds that at all times while the Bonds are outstanding the Issuer will provide a competent and legally qualified bank, trust company. fmancial institution. or other agency to act as and perfonn the services of Paying Agent/Registrar for the Bonds under this Ordinance. and that the Paying AgentlRegistrar will be one entity. The Issuer reserves the