O-1984-1398 - Laserfiche WebLink

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. e I I . e District's notice to the Paying Agent/Registrar that the District intends to redeem such Bond or Bonds of the same maturity arid ending on the date fixed for redemption of such Bond or Bonds. 2.06. Ownership of the Bonds. The District, the Paying Agent/Registrar and any other person may treat the individual, firm or corporation in whose name any Bond is registered on the Bond Register as the absolute owner of such Bond for the purpose of making and receiving payment of the principal thereof and interest thereon and for all other purposes whether or not such Bond is overdue, and neither the District nor the Paying Agent/Registrar shall be bound by any notice or knowledge to the contrary. All payments made to any such person, firm or corporation deemed to be the owner of any Bond in accordance with this Section 2.06 shall be valid and effectual and shall discharge the liability of the District and the Paying Agent/Registrar to the extent of the sums paid. 2.07. Execution of the Bonds. The Bonds shall be executed on behalf of the District by the President or vice President of the Board under the seal of the District attested by the Secretary or Assistant Secretary of the Board. Each such signature may be manually executed or placed in facsimile on the Bonds, and the District's seal may be manually impressed, printed or otherwise placed on the Bonds. Bonds receiving the manual or facsimile signatures of individuals who were at the time the duly elected or appointed officers of the District shall be binding upon the District notwithstanding such individuals or any of them shall cease to hold such offices prior to the certification, registration, authenti- cation or delivery of such Bonds or shall not have held such office on the date of such Bonds, all as provided in the Bond Procedures Act of 1981, as amended. The Initial Bonds, each payable to the Purchaser named in Section 12.01 hereof, shall be executed and submitted to the Attorney General of Texas for approval, and thereupon certified by the Comptroller of Public Accounts of the State of Texas by his manual signature or by the manual signature of one of his deputies thereunto duly authorized. No Bond authorized by this Order shall be entitled to any right or benefit hereunder, or be valid or obligatory for any purpose unless the Comptroller of Public Acc:ounts of the State of Texas or his duly autho- rized agent shall have executed a Registration Certificate substantially in the form of the Registration Certificate of Comptroller of Public Accounts set forth in Section 3.02 hereof or the Paying Agent/Registrar shall have executed a Certificate of Authentication substantially in the form of the certificate of Authentication of Paying Agent/Registrar set forth in Section 3.03 hereof, and either such executed certificate upon any Bond shall be conclusive evidence that such Bond has been executed and delivered pursuant to this Order. 2.08. Paying Agent/Re~istrar. The District covenants at all times to mainta1n a Paying Agent/Registrar for the Bonds meeting the qualifications herein set forth, and subject to the remaining provisions of this Section 2.08 hereby appoints First City National Bank of Houston, Houston, Texas, initially to serve in such capacity. The form, terms and provisions of the proposed Areement between the District and First city National Bank of Houston, Houston, Texas, providing for such appointment, a draft of which is attached to this Order as Exhibit A, are hereby approved in all respects, and the President or Vice President and Secretary or Assistant Secretary of the Board are hereby authorized -6-