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O-2015-3606 authorize issuance of approximately $8,000,000.00 Certificates of Obligation, Series 2015
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O-2015-3606 authorize issuance of approximately $8,000,000.00 Certificates of Obligation, Series 2015
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Last modified
11/2/2016 3:39:36 PM
Creation date
10/21/2015 5:05:39 PM
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Legislative Records
Legislative Type
Ordinance
Date
9/28/2015
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TABLE OF CONTENTS <br /> Page <br /> ARTICLE I FINDINGS AND DETERMINATIONS.................................................................... 1 <br /> Section 1.1: Findings and Determinations.............................................................................. 1 <br /> ARTICLE II DEFINITIONS AND INTERPRETATIONS...........................................................2 <br /> Section2.1: Definitions..........................................................................................................2 <br /> Section 2.2: Interpretations.....................................................................................................3 <br /> ARTICLE III TERMS OF THE CERTIFICATES......................................................................... 3 <br /> Section 3.1: Amount, Purpose and Authorization..................................................................3 <br /> Section 3.2: Designation, Date and Interest Payment Dates..................................................3 <br /> Section 3.3: Numbers. Denomination, Interest Rates and Maturities....................................4 <br /> Section 3.4: Redemption Prior to Maturity............................................................................4 <br /> Section 3.5: Manner of Payment, Characteristics, Execution and Authentication.................5 <br /> Section 3.6: Authentication....................................................................................................5 <br /> Section3.7: Ownership.......................................................................................................... 5 <br /> Section 3.8: Registration.Transfer and Exchange ................................................................. 6 <br /> Section 3.9: Book-Entry Only System...................................................................................6 <br /> Section 3.10: Replacement Certificates.................................................................................... 8 <br /> Section3.11: Cancellation........................................................................................................ 9 <br /> ARTICLE IV FORM OF CERTIFICATES................................................................................... 9 <br /> Section 4.1: Form of Certificates............................................................................................ 9 <br /> ARTICLE V SECURITY FOR THE CERTIFICATES................................................................. 9 <br /> Section 5.1: Pledge and Levy of Taxes and Revenues...........................................................9 <br /> Section5.2: Debt Service Fund............................................................................................ 10 <br /> Section 5.3: Further Proceedings.......................................................................................... 10 <br /> ARTICLE VI CONCERNING THE PAYING AGENT/REGISTRAR...................................... 10 <br /> Section6.1: Acceptance ....................................................................................................... 10 <br /> Section6.2: Trust Funds....................................................................................................... 11 <br /> Section 6.3: Certificates Presented....................................................................................... 11 <br /> Section 6.4: Unclaimed Funds Held by the Paying Agent/Registrar................................... 11 <br /> Section 6.5: Paying Agent/Registrar May Own Certificates................................................ 11 <br /> Section 6.6: Successor Paying Agents/Registrars................................................................ 11 <br /> ARTICLE VII PROVISIONS CONCERNING SALE AND APPLICATION OF PROCEEDS <br /> OFCERTIFICATES..................................................................................................................... 12 <br /> Section 7.1: Sale of Certificates; Insurance.......................................................................... 12 <br /> Section 7.2: Approval, Registration and Delivery................................................................ 12 <br /> Section 7.3: Offering Documents; Ratings........................................................................... 12 <br /> i <br /> HOU:3589513.1 <br />
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