O-1991-1755 - Laserfiche WebLink

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e . subscriptions, purchase agreements, commitments, letters of authorization, and other documents necessary to effectuate the foregoing, and any actions heretofore taken for such purpose are hereby ratified and approved. SECTION 29. MATTERS RELATED TO REFUNDING. In order that the Issuer shall satisfy in a timely manner all of its obligations under this Ordinonce, the Mayor and all other appropriate officers and agents of the Issuer are hereby authorized and directed to take all other actions that are reasonably necessary to provide for the refunding of the Refunded Obligations, including without limitation, executing and delivering on behalf of the Issuer all certificates, consents, receipts, requests, notices, and other documents as may be reasonably necessary to satisfy the Issuer's obligations under this Ordinance and to direct the transfer and application of funds of the Issuer .consistent with the provisions of this Ol'dinonce. SECTION 30. APPROVAL AND REGISTRATION OF BONDS. The Mayor of the City is hereby authorized to have control of the Bonds and all necessary records and proceedings pertaining to the Bonds pending their delivery and their investigation, examination, and approval by the .Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of the Bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate. The Bonds thus registered shall remain in the custody of the M~yor (or his designee) until delivered to the purchaser thereof. SECTION 31. FURTHER ,PROCEDURES. The Moyor, the City Secretary, and all other officers, employees ~ and agents of the City, and eoch of them, shall be and they are hereby expressly au thorized, empowered, and directed form time to time and at any time to do and perform all such acts and things and to execute, acknowledge, and deliver in the name and under the corporate seal and on behalf of the City all such instruments, whether or not herein mentioned, as may be necessary or desirable in order to carry out the terms and provisions of this Ordinance. The Official Statement, dated May 14, 1991, and other documents used in cOllnectioil with the sale of the Bonds are hereby approved and the Mayor of the City is hereby directed and authorized to execute on behalf of the City, and the City Secretary is hereby authorized to attest, the Official Statement and other sale documents. SECTION 32. SEVERABILITY. The provisions of this Ol'dillance are severable; and in case anyone or more of the provisions of this Ordinance or the application thereof to any person or circumstance should be held to be invalid, unconstJtu tional, or Ineffective as to any person or circumstance, the remainder of this Ordinance nevertheless shall be valid, and the application of any such invalid provision to persons or circumstances other than those as to which it Is held invalid shall not be affected thereby. SECTION 33. PAYMENT PROCEDURE PURSUANT TO MUNICIPAL BOND GUARANTY INSURANCE POLICY. As long as the bond guaranty insurance shall be in full force and effect, the City and the Paying Agent/Registrar agree to comply with the following provisions: 28