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O-2021-3838 auth. issuance, $13.5 million, Certificates of Obligation, new city hall
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O-2021-3838 auth. issuance, $13.5 million, Certificates of Obligation, new city hall
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2/3/2022 10:52:12 AM
Creation date
7/13/2021 4:13:24 PM
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Legislative Records
Legislative Type
Ordinance
Date
7/12/2021
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deliver the Certificates to be initially issued and all pertinent records and proceedings to the <br />Attorney General for examination and approval. After the Certificates to be initially issued shall <br />have been approved by the Attorney General, they shall be delivered to the Comptroller for <br />registration. Upon registration of the Certificates to be initially issued, the Comptroller (or a <br />deputy lawfully designated in writing to act for the Comptroller) shall manually sign the <br />Comptroller's registration certificate prescribed herein to be affixed or attached to the Certificates <br />to be initially issued, and the seal of said Comptroller shall be impressed, or placed in facsimile, <br />thereon. <br />ARTICLE VI <br />CONCERNING THE PAYING AGENT/REGISTRAR <br />Section 6.1: AcceptanceZions Bancorporation, National Association, Houston, Texas <br />is hereby appointed as the initial Paying Agent/Registrar for the Certificates pursuant to the terms <br />and provisions of the Paying Agent/Registrar Agreement by and between the City and the Paying <br />AgemlRegistrar in substantially the form presented at the meeting at which this Ordinance was <br />approved. The Mayor is hereby authorized to execute and deliver such Paying Agent/Registrar <br />Agreement on behalf of the City in multiple counterparts and the City Secretary is hereby <br />authorized to attest thereto and affix the City's seal. Such initial Paying Agent/Registrar and any <br />successor Paying Agent/Registrar, by undertaking the performance of the duties of the Paying <br />Agent/Registrar hereunder, and in consideration of the payment of any fees pursuant to the terms <br />of any contract between the Paying Agent/Registrar and the City and/or the deposits of money <br />pursuant to this Ordinance, shall be deemed to accept and agree to abide by the terms of this <br />Ordinance. <br />Section 6.2: Trust FundsAll money transferred to the Paying Agent/Registrar in its <br />capacity as Paying Agent/Registrar for the Certificates under this Ordinance (except any sums <br />representing Paying Agent/Registrar's fees) shall be held in trust for the benefit of the City, shall <br />be the property of the City and shall be disbursed in accordance with this Ordinance. <br />Section 63: Certificates PresentedSubject to the provisions of Section 6.4, all matured <br />Certificates presented to the Paying Agent/Registrar for payment shall be paid without the <br />necessity of further instructions from the City. Such Certificates shall be canceled as provided <br />herein. <br />Section 6.4: Unclaimed Funds Held by the Paying Agent/RegistrarFunds held by <br />the Paying Agent/Registrar that represent principal of and interest on the Certificates remaining <br />unclaimed by the Registered Owner thereof after the expiration of three years from the date such <br />funds have become due and payable (a) shall be reported and disposed of by the Paying <br />Agent/Registrar in accordance with the provisions of Title 6 of the Texas Property Code, as <br />amended, to the extent such provisions are applicable to such fonds, or (b) to the extent such <br />provisions do not apply to the funds, such funds shall be paid by the Paying Agent/Registrar to the <br />City upon receipt by the Paying Agem/Registrar of a written request therefor from the City. <br />11 <br />
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