O-1994-1972 - Laserfiche WebLink

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, . . . MATURITY DATE: MARCH 15 YEARS 1995 1996 1997 1998 1999 2000 AMOUNTS $ 65.000 105.000 80.000 85.000 90,000 95,000 YEARS 2001 2002 2003 2004 2005 2006 AMOUNTS S 1 00.000 405,000 405,000 460,000 445,000 155,000 SECTION 3. RIGHT OF PRIOR REDEMPTION. The City reserves the right [0 redeem the Bonds maturing on or after March 15, 2003, in whole or in pan in principal amounts of $5,000 or any integral multiple thereof, on March 15,2002, or on any date selected by the City thereafter, at the redemption prices. on the dates, and in the manner described in the FORM OF BOND set forth in this Ordinance SECTION 4. INTEREST. The Bonds scheduled to mature during the years, respectively, set forth below shall bear interest at the following rates per annum: maturities 1995, % maturities 2001, % maturities 1996. % maturities 2002, % maturities 1997, % maturities 2003. % maturities 1998, % maturities 2004, % maturities 1999, % maturities 2005, % maturities 2000, % maturities 2006, % payable September 15, 1994, and semiannually thereafter on March 15 and September 15 of each year. Said interest shall be payable to the registered owner of any such Bond in the manner provided in the FORM OF BOND set forth in this Ordinance. SECTION 5. CHARACTERISTICS OF THE BONDS. (a) Re~istration, Transfer. and Exchan~e: Authentication. The Issuer shall keep or cause to be kept at the principal corporate trust office of Commerce Bank National Association, Houston, Texas (the "Paying Agenf/Registrar") books or records for the registration of the transfer and exchange of the Bonds (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make such registrations of transfers and exchanges under such reasonable regulations as the Issuer and Paying Agent/Registrar may pre- scribe: and the Paying Agent/Registrar shall make such registrations. transfers, and exchanges as herein provided. The Mayor and the City Secretary are authorized to enter into a Paying Agenf/Registrar Agreement substantially in the tonn of Exhibit A. attached hereto. The Paying Agenf/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 Agenf/Registrar. but otherwise the Paying Agent/Registrar shall keep the Registration 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 forth in this Ordinance. Registration of assignments, transfers, and exchanges of Bonds shall be made in the manner provided and with the effect stated 2