O-1994-1971 - Laserfiche WebLink

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e e right to. and may, at its option. change the Paying AgentlRegistrar upon not less than 120 days written notice to the Paying AgentlRegistrar. to be effective not later than 60 days prior to the next principal or interest payment date after such notice. In the event that the entity at any time acting as Paying AgentlRegistrar (or its successor by merger. acquisition, or other method) should resign or otherwise cease to act as such. the Issuer covenants that promptly it will appoint a competent and legally qualified bank. trust company, fmancial institution, or other agency to act as Paying AgentlRegistrar under this Ordinance. Upon any change in the Paying AgentlRegistrar. the previous Paying AgentlRegistrar promptly shall transfer and deliver the Registration Books (or a copy thereot), along with all other pertinent books and records relating to the Bonds. to the new Paying Agent/Regis- trar designated and appointed by the Issuer. Upon any change in the Paying AgentlRegistrar, the Issuer promptly will cause a written notice thereof to be sent by the new Paying Agent/Registrar to each registered owner of the Bonds, by United SWes mail, first-class postage prepaid, which notice also shall give the address of the new Paying Agent! Registrar. By accepting the position and performing as such, each Paying Agent/Registrar shall be deemed to have agreed to the provisions of this Ordinance, and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar. SECTION 5. FORM OF BONDS. The form of the Bonds. including the form of Paying Agent/Registrar's Authentication Certificate, the form of Assignment. the form of Statement of Insurance, and the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be attached to the Bonds initially issued and delivered pursuant to this Ordinance, shall be, respectively, substBntially as follows, with such appropriate variations. omissions, or insertions as are permitted or required by this Ordinance. [FORM OF BOND] [Form of Front Panel of Bond] NO.R- United States of America CITY OF~1EXAS. AMOUNT GENERAL OBLIGATION REFUNDING BOND SERIES 1994 PRINCIPAL INTEREST RA 1E MA 11JRITY DATE ISSUE DATE April 1. 1994 CUSIP NO. REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE. specified above, THE CITY OF LA PORTE, a home rule city and municipal corporation of the State of Texas (the "Issuer"), hereby promises to pay to the Registered Owner, specified above, or registered assigns (hereinafter called the "registered owner") the Principal Amount, specified above, and to pay interest thereon from the Issue Date, specified above, on August 15, 1994. and semiannually on each February 15 and August 15 thereafter to the Maturity Date, specified above. or the date of redemption prior to maturity, at the Interest Rate per annum, specified above; except that if this Bond is required to be authenticated and the date of its authentication is later than the fust Record Date (hereinafter defined), such principal amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date of authentication is after any Record Date but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided. however. that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is due but has not been paid. then this Bond shaH bear interest from the date to which such interest has been paid in full. THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of America. without exchange or collection charges. The principal of this Bond shall be paid to the registered owner hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption