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2022-048 - Issuance of General Obligation Pension Bonds Taxable Series 2022
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2022-048 - Issuance of General Obligation Pension Bonds Taxable Series 2022
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9/27/2022 10:14:46 AM
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8/10/2022 10:44:58 AM
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CITY CLERK
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(b) Bonds are hereby authorized to be issued and delivered in the maximum <br />aggregate principal amount hereinafter set forth for the Project. <br />(c) Each Bond issued pursuant to this Ordinance shall be designated: "CITY OF <br />PARIS, TEXAS, GENERAL OBLIGATION PENSION BOND, TAXABLE SERIES 2022," <br />and initially there shall be issued, sold, and delivered hereunder one fully registered Bond, <br />without interest coupons, dated August 1, 2022, in the principal amount stated above and in the <br />denominations hereinafter stated, numbered T-1, with Bonds issued in replacement thereof being <br />in the denominations and principal amounts hereinafter stated and numbered consecutively from <br />R-1 upward, payable to the respective Registered Owners thereof (with the initial Bond being <br />made payable to the Underwriter as described herein), or to the registered assignee or assignees <br />of said Bonds or any portion or portions thereof (in each case, the "Registered Owner"), and said <br />Bonds shall mature and be payable serially on June 15 in each of the years and in the principal <br />amounts, respectively, and shall bear interest from the date set forth in the FORM OF BOND set <br />forth in Exhibit A hereto to their respective dates of maturity or redemption prior to maturity at <br />the rates per annum, as set forth in the schedule included in the FORM OF BOND set forth in <br />Exhibit A hereto. <br />Section 2. DEFINITIONS. Unless otherwise expressly provided or unless the context <br />clearly requires otherwise in this Ordinance, the following terms shall have the meanings <br />specified below: <br />"Attorney General" means the Attorney General of the State. <br />"Authorized Officials" shall mean the Mayor, the Mayor Pro Tem, the City Manager, the <br />Director of Finance and the City Clerk of the City. <br />"Bonds" means the "City of Paris, Texas, General Obligation Pension Bonds, Taxable <br />Series 2022", authorized and issued pursuant to this Ordinance. The term "Bonds" as used in this <br />Ordinance shall mean and include collectively the Bonds initially issued and delivered pursuant <br />to this Ordinance and all substitute Bonds exchanged therefor, as well as all other substitute <br />Bonds and replacement Bonds issued pursuant hereto, and the term "Bond" shall mean any of the <br />Bonds, unless the context clearly indicates otherwise in connection with the use of the term <br />"Bonds". <br />"Chapter 107" means Chapter 107, Texas Local Government Code, as amended. <br />"City" means the City of Paris, Texas. <br />"Code" means the Internal Revenue Code of 1986, as amended. <br />"Comptroller" means the Comptroller of Public Accounts of the State. <br />"Council" means the City Council of the City of Paris, Texas. <br />
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