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1985-09-24 Special Meeting
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1985-09-24 Special Meeting
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11/2/2016 12:07:00 PM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
9/24/1985
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<br />accompanied by a written instrument of transfer in form <br />satisfactory to the Paying Agent/Registrar duly executed, by <br />the registered owner thereof or his attorney duly authorized <br />in writing. No service charge shall be made to the regis- <br />tered owner for any registration, transfer or exchange of <br />Bonds, but the City or the Paying Agent/Registrar may <br />require payment of a sum sufficient to cover anv tax or <br />other governmental charge that may be imposed in connection <br />with any transfer or exchange of Bonds. Neither the City <br />nor the Paying Agent/Registrar shall be required to transfer <br />or exchange any Bond during the period of fifteen (15) days <br />next preceding any interest payment date or to transfer or <br />exchange any Bond during the thirty (30) day period prior to <br />the date fixed for the redemption of such Bond. <br />Section 7: That the City, the Paying Agent/Regis- <br />trar and any other person ma1~ treat the individual, firm or <br />corporation in whose name any Bond is registered on the Bond <br />Register as the absolute owner of such Bond for the purpose <br />of making and receiving payment of the principal thereof and <br />interest thereon and for all other purposes, whether or not <br />such Bond is overdue, and neither the City nor the Paying <br />Agent/Registrar shall be bound by any notice or knowledge to <br />the contrary. All payments made to any such person, firm or <br />corporation deemed to be the owner of any Bond in accordance <br />with this Section 7 shall be valid and effectual and shall <br />discharge the liability of the City and the Paying Agent/ <br />Registrar to the extent of the sums paid. <br />Section 8: That the Bonds shall be executed on <br />behalf of the City by the Mayor under its seal attested by <br />the City Secretary. Each such signature may be manually <br />executed or placed in facsimile on the Bonds, and the City's <br />seal may be manually impressed, printed or otherwise placed <br />on the Bonds. Bonds receiving the manual or facsimile <br />signatures of individuals who were at the time the duly <br />elected or appointed officers of the City shall be binding <br />upon the City notwithstanding such individuals or either of <br />them shall cease to hold such offices prior to the certi- <br />fication, registration, authentication or delivery of such <br />Bonds or shall not have held such office on the date of such <br />Bonds, all as provided in the Texas Bond Procedures Act of <br />1981, as amended. The Initial Bonds, each payable to the <br />Purchaser named in Section 25 hereof, shall be executed and <br />submitted to the Attorney General of Texas for approval, and <br />thereupon certified by the Comptroller of Public Accounts of <br />the State of Texas by his manual signature or by the manual <br />signature of one of his deputies thereunto duly authorized. <br />No Bond authorized by this Ordinance shall be entitled to <br />any right or benefit hereunder, or be valid or obligatory <br />for any purpose unless the Comptroller of Public Accounts of <br />the State of Texas or his duly authorized deputy shall have <br />executed a Registration Certificate substantially in the <br />form of the Registration Certificate of Comptroller of <br />Public Accounts set forth in Section 9 hereof or the Paying <br />Agent/Registrar shall have executed a Certificate of Auth- <br />entication substantially in the form of the Certificate of <br />Authentication of Paying Agent/Registrar set forth in <br />Section 9 hereof, and either such executed certificate upon <br />any Bond shall be conclusive evidence that such Bond has <br />been executed and delivered pursuant to this Ordinance. <br />Section 9: That the form of the Bonds, including <br />the form of Registration Certificate of the Comptroller of <br />Public Accounts of the State of Texas to be typed or printed <br />on each of the Initial Bonds only, and the form of Certifi- <br />cate of Authentication of the Paying Agent/Registrar to be <br />002RDRAW/193B01 -4- <br />
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