|
<br />e
<br />
<br />e
<br />
<br /> PRINCIPAL INTEREST PRINCIPAL INTEREST
<br />YEARS AMOUNTS RATES YEARS AMOUNTS RATES
<br />2006 $270,000 2016 $270,000
<br />2007 270,000 2017 270,000
<br />2008 270,000 2018 270,000
<br />2009 270,000 2019 270,000
<br />2010 270,000 2020 270,000
<br />2011 270,000 2021 270,000
<br />2012 270,000 2022 270,000
<br />2013 270,000 2023 270,000
<br />2014 270,000 2024 270,000
<br />2015 270,000 2025 270,000
<br />
<br />Said interest shall be payable in the manner Q.rovided and on the dates stated in the FORM OF BOND set forth in
<br />this Ordinance.
<br />
<br />Se(jion 3. CHARACTERiSTICS OF THE BONDS. (a) Re~istration, Transfer, and Exchange;
<br />Authentication. The City shall keep or cause to be kept at the principal corporate trust office of JPMorgan Chase
<br />B(Illk, Dallas, Texas (the "Pa~g AgentlRegistrar") Qooks or records for the re&istration of the transfer and
<br />exchange of the Bonds (the "Registration Books"), and the City hereby appoints the Paying AgentlRegistrar as its
<br />registrar and transter agent to kee12 such books or records and make such registrations of transfers and exchanges
<br />under such reasonable regulations as the City and Paying AgentlRegistrar may prescribe; and the Paying
<br />AgentlRegistrar shall make such registrations, transfers, and exchanges as herein Qrovided. The Mayor and the City
<br />Secretary are authorized to enter into a Paying AgentlRegistrar Agreement substantially in the form of Exhibit "A",
<br />attached hereto. The Paying AgentlRegistrar shall obtain and record in the Registration Books the address of the
<br />registered owner of each Bond to which payments with respect to the Bonds shall be mailed, as herein provided; but
<br />it Sh(!ll be the duty of eacl1 registered own~ to notit)' the Paying. AgentlRegistrar in writing of the address to which
<br />payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. To the
<br />extent 120ssible and under reasonable circlUllstan<;:es, all transfers of Bonds shall Qe made within three business days
<br />after request and presentation thereof. The City shall have the right to inspect the Registration Books during regular
<br />Qusiness hours of the Paying Agent/Registrar, but otherwise the Pa~g Agent/RegJstrar shall keep the Registration
<br />Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity. The
<br />Paying AgentlRegistrar's standard or customary fees and charges for making such registration, transfer, exchange
<br />and delivery of a substitute Bond or Bonds shall be paid as provided in the FORM OF BOND set forth in this
<br />Otdinan(:e. Registration of assignments, transfers, and exchanges of Bonds shall be made in the manner provided
<br />and with the effect stated in the FORM OF BOND set forth in this Ordinance. Each substitute Bond shall bear a
<br />letter and/or nlUllber to distinguish it from each other Bond.
<br />I
<br />
<br />Except as provided in (c) below, an authorized representative of the Paying AgentlRegistrar shall, before
<br />the delivery of any such Bond, date and manually sign the Pa~g Agent/Registrar's Authentication Certificate, and
<br />no such Bond shall be deemed to be issued or outstanding unless such Certificate is so executed. The Paying
<br />AgentlRegistrar 12romptly shall cancel all l?aid Bonds and Bonds surrendered for transfer and exchange. No
<br />additional ordinances, orders, or resolutions need be passed or adopted by the governing body of the City or any
<br />other body or person so as to accomplish the foregoing transfer and exchange of any Bond or portion thereof: and
<br />the Paying Agent/ Registrar shall provide for the printing, execution, and delivery of the substitute Bonds in the
<br />mann~ prescribed herein, and said Bonds shall be of t~e com12osition printed on 12aper of customary weight and
<br />strength. Pursuant to Chapter 1201, Texas Government Code, as amended, the duty of transfer and exchange of
<br />Bonds as aforesaid is hereby imposed u120n the Pa~g AgentlRegistrar, and, upon the execution of said certificate,
<br />the transferred and exchanged Bond shall be valid, incontestable, and enforceable in the same manner and with the
<br />Same effect as the Bonds which initially were issued and delivered pursuant to this Ordinance, approved by the
<br />Attorney General, and registered by the Comptroller of Public Accounts.
<br />
<br />(b) Payment of Bonds and Interest. The City hereby further a12points the Pa~g AgentlRegistrar to act as
<br />the paying agent for paying the principal of and interest on the Bonds, all as provided in this Ordinance. The Paying
<br />
<br />063939.0001 AUSTIN 280348 v2
<br />
<br />2
<br />
|