Laserfiche WebLink
shall be found at .any time, or be enforceable by anyone, and shall be entitled to all the benefits of <br />this Ordinance equally and proportionately with any and all other Bonds duly issued under this <br />Ordinance. <br />(e) Authority for Issuing Replacement Bonds, In accordance with Sec, 1206.022, <br />Government Code, this Section 7 of this Ordinance shall constitute authority for the issuance of <br />any such replacement Bond without necessity of further action by the governing body of the Issuer <br />or any other body or person, and the duty of the replacement of such Bonds is hereby authorized <br />and imposed upon the Paying Agent/Registrar, and the Paying Agent/R.egistrar shall authenticate <br />and deliver such Bonds in the form and manner and with the effect, as provided in Section 3(a) of <br />this Ordinance for Bonds issued in conversion and exchange for other Bonds. <br />Section 8. CUSTODY, APPROVAL, AND REGISTRATION OF BONDS,; BOND <br />COUNSEL'S OPINION; CUSIP NUMBERS AND CONTINGENT INSURANCE PROVISION, <br />IF OBTAINED; ENGAGEMENT OF BOND COUNSEL AND FINANCIAL ADVISOR. <br />(a) The Mayor of the Issuer is hereby authorized to have control of the Bonds initially <br />issued and delivered hereunder and all necessary records and proceedings pertaining to the Bonds <br />pending their delivery and their investigation, examination, and approval by the Attorney General <br />of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of <br />Texas. Upon registration of the Bonds said Comptroller of Public Accounts (or a deputy <br />designated in writing to act for said Comptroller) shall manually sign the Comptroller's <br />Registration Certificate attached to such Bonds, and the sea] of said Comptroller shall be <br />impressed, of placed in facsimile, on such Bond. The approving legal opinion of the Issuer's <br />Bond Counsel and the assigned CUSJP numbers may, at the option of the Issuer, be printed on the <br />Bonds issued and delivered under this Ordinance, but neither shall have any legal effect, and shall <br />be solely for the convenience and information of the registered owners of the Bonds. In addition, <br />if bond insurance is obtained, the Bonds may bear an appropriate legend as provided by the <br />insurer. <br />(b) The obligation of the initial purchaser to accept delivery of the Bonds is subject to the <br />initial purchaser being furnished with the final, approving opinion of McCall, Parkhurst & Horton <br />L.L.P., bond counsel to the Issuer, which opinion shall be dated as of and delivered on the date of <br />initial delivery of the Bonds to, the initial purchaser. The engagement of such firrn as bond <br />Counsel to the Issuer in connection with issuance, sale and delivery of the Bonds is hereby <br />approved and confin-ned. The execution and delivery of an engagement letter between the Issuer <br />and such firm, with respect to such services as bond counsel, is hereby authorized in such form as <br />may be approved by the Mayor or the City Manager, and the Mayor or the City Manager is hereby <br />authorized to execute such engagement letter. In addition, the execution and delivery of a <br />professional services agreement between the Issuer and SAMCO Capital Markets, Inc., with <br />respect to services as Financial Advisor to the Issuer, is hereby authorized in such form as may be <br />approved by the Mayor and the Mayor is hereby authorized to execute such agreement. <br />im <br />