|
<br />e
<br />
<br />e
<br />
<br />Information concerning DTC and the Book-Entry-Only System has been obtained from DTC and is not guaranteed as to accuracy or
<br />completeness by, and is not be construed as a representation by the Authority.
<br />
<br />So long as Cede & Co. is the registered owner of the Bonds, the Authority will have no obligation or responsibility to the DTC
<br />Participants or Indirect Participants, or the persons for which they act as nominees, with respect to payment to or providing of notice to
<br />such Participants, or the persons for which they act as nominees.
<br />
<br />REGISTRATION
<br />
<br />PaviDI! Al!entJResrlstrar (the "Resristrar")
<br />
<br />The Bonds will be issued in fully registered fonn in integral multiples of $5,000, and principal and semiannual interest will be payable
<br />by Chase Bank of Texas, National Association, the Registrar, at its principal payment office in Dallas, Texas. Principal of the Bonds
<br />will be payable to the registered owner at maturity or redemption upon presentation to the Registrar. Interest on the Bonds will be
<br />payable by check dated as of the interest payment date, and mailed by the Registrar to registered owners as shown on the records of the
<br />Registrar as of the last business day of the month next preceding each interest payment date. It is expected that the Bonds will be
<br />eligible for delivery to the initial purchaser through DTC. If the date of the payment of the principal or interest on a Bond shall be a
<br />Saturday, Sunday, legal holiday, or a day on which banking institutions in the authority where the principal corporate trust office of the
<br />Registrar is located are authorized by law or executive ordinances to close, then the date for such payment shall be the neld succeeding
<br />day which is not such a Saturday, Sunday, legal holiday, or a day on which banking institutions are authorized to close and payment on
<br />such date shall have the same force and effect as if made on the original date payment was due.
<br />
<br />Successor Resrlstrar
<br />
<br />Provision is made in the Bond Resolution for replacement of the Registrar. If the Registrar is replaced by the Authority, the new
<br />Registrar must accept the previous Registrar's records and act in the same capacity as the previous Registrar. Any Registrar selected by
<br />the Authority must be either a commercial bank or trust company organized under the laws of the United States or of any state and
<br />authorized to serve as and perfonn the duties and services of Registrar for the Bonds. Successor Registrars, if any, will be detennined by
<br />the Authority.
<br />
<br />Future ReI!istration
<br />
<br />In the event the Book-Entry-Only System is discontinued, the Bonds may be transferred, registered and assigned only on the regislIation
<br />books of the Registrar, and such registration and transfer will be without expense or service charge to the owner, except for any tax or
<br />other governmental charges required to be paid with respect to such regislIation and transfer. A Bond may be assigned by the execution
<br />of an assignment fonn on the Bonds or by other instrument of transfer and assignment acceptable to the Registrar. A new Bond or Bonds
<br />will be delivered by the Registrar for the Bond being transferred or exchanged at the principal office of the Registrar. To the extent
<br />possible, new Bonds issued in an exchange or transfer of Bonds will be delivered to the registered owner or assignee of the owner in not
<br />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
<br />transfer or request for exchange duly executed by the owner or his duly authorized agent, in fonn satisfactory to the Registrar; New
<br />Bonds registered and delivered in an exchange or transfer will be in denominations of $5,000 or any integral multiple thereoffor anyone
<br />maturity and for a like aggregate principal amount as the Bond or Bonds surrendered for exchange or transfer.
<br />
<br />Record Date
<br />
<br />The record date ("Record Date") for the interest payable on any interest payment date is defined as the last business day of the month
<br />next preceding such interest payment date.
<br />
<br />USE OF INFORMATION IN OFFICIAL STATEMENT
<br />
<br />This Official Statement has been prepared by Moroney, Beissner & Co., Inc., a f11111 employed by the Authority to perfonn professional
<br />services in the capacity of Financial Advisors, inC;luding the preparation of this Official Statement Infonnation with respect to interest
<br />rates, discoWlts, and other matters relating to the resale of the Bonds, including changes in the affairs of the Authority subsequent to the
<br />date hereof, is the responsibility of the successful bidder and such information is not provided herein. The infonnation set forth herein
<br />has been obtained from the Authority and other sources which are believed to be reliable, but no guarantee is made as to the accuracy or
<br />completeness of such infonnation, and its inclusion herein is not to be construed as a representation on the part of the Authority nor
<br />Moroney, Beissner & Co., Inc. to such effect. No person has been authorized to give any infonnation or to make any representations
<br />other than those contained in this Official Statement, and if given or made, such other infonnation or representations must not be relied
<br />upon as having been authorized by the Authority or Moroney, Beissner & Co., Inc.
<br />
<br />This Official Statement does not constitute an offer to sell or solicitation of an offer to buy in any state in which such offer or solicitation
<br />is not authorized, or in which the person making such offer or solicitation is not qualified to do so, or any person to whom it is unlawful
<br />
<br />6
<br />
<br />;J..7t
<br />
|