O-2005-2858 - Laserfiche WebLink

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PAYING AGENTIREGISTRAR AGREEMENT THIS PAYING AGENT/REGISTRAR AGREEMENT dated as of January 1, 2006 (together with any amendments or supplements hereto, the "Agreement") is entered into by and between the CITY OF LA PORTE, TEXAS (the "City"), and WACHOVIA BANK, NATIONAL ASSOCIATION, AUSTIN, TEXAS, as paying agent/registrar (together with any successor in such capacity, the "Bank"). WITNESSETH: WHEREAS, the City has duly authorized and provided for the issuance of its City of La Porte, Texas, Public Property Finance Contractual Obligations, Series 2006 (the "Obligations") to be issued as fully registered obligations. WHEREAS, all things necessary to make the Obligations the valid obligations of the City, in accordance with their terms, will be done upon the issuance and delivery thereof; WHEREAS, the City and the Bank wish to provide the terms under which the Bank will act as Paying Agent to pay the principal of, redemption premium, if any, and interest on the Obligations, in accordance with the terms thereof, and under which the Bank will act as Registrar for the Obligations; and WHEREAS, the City and the Bank have duly authorized the execution and delivery of this Agreement; and all things necessary to make this Agreement the valid agreement of the parties, in accordance with its terms, have been done. NOW, THEREFORE, it is mutually agreed as follows: ARTICLE I. APPOINTMENT OF BANK AS PAYING AGENT AND REGISTRAR Section 1.1. Appointment. The City hereby appoints the Bank to act as Paying Agent with respect to the Obligations, to pay to the Registered Owners of the Obligations, in accordance with the terms and provisions of this Agreement and the Ordinance, the principal of, redemption premium, if any, and interest on all or any of the Obligations. The City hereby appoints the Bank as Registrar with respect to the Obligations. The Bank hereby accepts its appointment, and agrees to act as Paying Agent and Registrar with respect to the Obligations. HOU:2S19047.2