My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
O-2021-3838 auth. issuance, $13.5 million, Certificates of Obligation, new city hall
LaPorte
>
Legislative records
>
GR1000-05 Ordinances - GR1000-05 Ordinances & Resolutions
>
2020's
>
2021
>
O-2021-3838 auth. issuance, $13.5 million, Certificates of Obligation, new city hall
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/3/2022 10:52:12 AM
Creation date
7/13/2021 4:13:24 PM
Metadata
Fields
Template:
Legislative Records
Legislative Type
Ordinance
Date
7/12/2021
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
32
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(b) Certificates may be redeemed in part only in integral multiples of $5,000. If a <br />Certificate subject to redemption is in a denomination larger than $5,000, a portion of such <br />Certificate may be redeemed, but only in integral multiples of $5,000. In selecting portions of <br />Certificates for redemption, each Certificate shall be treated as representing that number of <br />Certificates of $5,000 denomination which is obtained by dividing the principal amount of such <br />Certificate by $5,000. Upon presentation and surrender of any Certificate for redemption in part, <br />the Paying Agent/Registrar, in accordance with the provisions of this Ordinance, shall authenticate <br />and deliver in exchange therefor a Certificate or Certificates of like maturity and interest rate in an <br />aggregate principal amount equal to the unredeemed portion of the Certificate so surrendered. <br />(c) Notice of any redemption, identifying the Certificates or portions thereof to be <br />redeemed, shall be sent by United States mail, first class, postage prepaid, to the Registered <br />Owners thereof at their addresses as shown on the Register, not less than thirty (30) days before <br />the date fixed for such redemption. By the date fixed for redemption, due provision shall be made <br />with the Paying Agent/Registrar for the payment of the redemption price of the Certificates called <br />for redemption. If such notice of redemption is given, and if due provision for such payment is <br />made, all as provided above, the Certificates which are to be so redeemed thereby automatically <br />shall be redeemed prior to their scheduled maturities, they shall not bear interest after the date <br />fixed for redemption, and they shall not be regarded as being Outstanding except for the purpose <br />of being paid with the funds so provided for such payment. <br />Section 3.5: Manner of Payment, Characteristics, Execution and <br />AuthenticationThe Paying Agent/Registrar is hereby appointed the paying agent for the <br />Certificates. The Certificates shall be payable, shall have the characteristics and shall be executed, <br />sealed, registered and authenticated, all as provided and in the manner indicated in the FORM OF <br />CERTIFICATES set forth in Article IV of and Exhibit A to this Ordinance. If any officer of the <br />City whose manual or facsimile signature shall appear on the Certificates shall cease to be such <br />officer before the authentication of the Certificates or before the delivery of the Certificates, such <br />manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if such <br />officer had remained in such office. <br />The approving legal opinion of Houton Andrews Kurth LLP, Houston, Texas, Bond <br />Counsel, may be printed on the back of the Certificates over the certification of the City Secretary, <br />which may be executed in facsimile. CUSIP numbers also may be printed on the Certificates, but <br />errors or omissions in the printing of either the opinion or the numbers shall have no effect on the <br />validity of the Certificates. <br />Section 3.6: AuthenticationExcept for the Certificates to be initially issued, which <br />need not be authenticated by the Registrar, only such Certificates as shall bear thereon a certificate <br />of authentication, substantially in the form provided in Article IV of and Exhibit A to this <br />Ordinance, manually executed by an authorized representative of the Paying Agent/Registrar, shall <br />be entitled to the benefits of this Ordinance or shall be valid or obligatory for any purpose. Such <br />
The URL can be used to link to this page
Your browser does not support the video tag.