R-1999-26 - Laserfiche WebLink

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e e GENERAL Future Re1!istration In the event the Book-Entry-Only System is discontinued with respect to the Bonds, the Bonds, may be transferred, registered and assigned only on the registration books of the Registrar, and such registration and transfer will be without expense or service charge to the owner. except for any tax or other governmental charges required to be paid with respect to such registration and transfer. A Bond may be assigned by the execution of an assigmnent fonn on the Bonds or by other instrument of transfer and assignment acceptable to the Registrar. A new Bond will be delivered by the Registrar for the Bond being transferred or exchanged at the principal office of the Registrar. To the extent possible. Bonds issued in an exchange or transfer of Bonds will be delivered to the registered owner or assignee of the owner in not more than three (3) business days after the receipt of the Bonds to be canceled in the exchange or transfer and the written instrument of transfer or request for exchange duly executed by the owner or his duly authorized agent. in fonn satisfactory to the Registrar. New Bonds registered and delivered in an exchange or transfer will be in denominations of $S.OOO or any integral multiple thereof for anyone maturity and for a like aggregate principal amount as the Bonds surrendered for exchange or transfer. Successor Pavine: Al!entIRee:istrar (the t1Rel!istrartl) Provision is made in the Bond Resolution for replacement of the respective Registrar. Ifa Registrar is replaced by the Authority, the new Registrar shall accept the previous Registrar's records and act in the same capacity as the previous Registrar. Any Registrar selected by the Authority must be either a commercial banlc or trust company 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. Record Date The record date ("Record Date") for the interest payable on any interest payment date is defined as the last business day of the month next preceding such interest payment date. Not An Offer To Sell This Official Notice of Sale does not alone constitute an offer to sell the Bonds. This Official Notice of Sale, the Official Bid Forms and the OffJ.cial Statement collectively constitute the offer to seil the Bonds. Prospective purchasers are urged to carefully examine the Official Statement and to make other investigations they deem necessary to detennine the investment quality of the Bonds. Responsibility for Oualification of Bonds for Sale in Respective States The offer and sale of the Bonds have not been registered or qualified under the Securities Act of 1933, as amended. in reliance upon the exemptions provided thereunder. The Bonds have not been registered or qualified under the Securities Act of Texas in reliance upon various exemptions contained therein, nor have the Bonds been registered or qualified under the securities acts of any other jurisdiction. Neither the Authority nor Moroney. Beissner & Co., Inc. assumes any responsibility for qualification of the Bonds under the securities laws of any jurisdiction in which the Bonds may be sold. assigned, pledged, hypothecated or otherwise transferred. This disclaimer of responsibility for qualification for sale or other disposition of the Bonds shall not be construed as an interpretation of any kind with regard to the availability of any exemption from securities registration provisions. Official Statement The accompanying Official Statement is in a fonn deemed final as of its date within the meaning of SEC Rule lSc2-12(bXl). The respective Purchaser is responsible for infonning Moroney, Beissner & Co., Inc., Financial Advisors to the Authority, of the initial offering yields on the Bonds on the next business day after award of the Bonds is made. The Authority will prepare a Supplement to the Official Statement describing these offering yields. the interest rates Gn the Bonds and other tenns relating to the initial reoffering of the Bonds. The Authority will furnish to the Purchaser of the Bonds within seven (7) business days from the sale of the Bonds, up to 100 copies of the Official Statement together with a like number of the Supplement at no cost to the Purchaser. The Purchaser shall be responsible for the printing costs of copies of the Official Statement and Supplement in excess of 100 and the cost of a reprinted Official Statement with the infonnation contained in the above-mentioned Supplement incorporated therein. if requested by the Purchaser. Except as noted above, the Authority assumes no responsibility or obligation for the distribution or delivery of any copies of the Official Statement in connection with the offering or reotTering of the Bonds. S (1