Laserfiche WebLink
<br />authenticaled by the Paying Agent/ Registrar, but on each substitute Bond issued in conversion of and <br />exchange for or replacement of any Bond or Bonds issued under this Ordinance there shall be printed a <br />certificate, in the form substantially as follows: <br /> <br />"PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE <br /> <br />It is hereby cenified that this Bond has been issued under the provisions of the Bond Ordinance <br />described on the face of this Bond; and that this Bond has been issued in conversion of and exchange for or <br />replacemenl of a bond, bonds, or a portion of a bond or bonds of an issue which originally was approved by <br />the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts ofthe State <br />of Texas. <br /> <br />Paying Agent/Registrar <br /> <br />Dated <br /> <br />By <br />Authorized Representative" <br /> <br />An authorized representative of the Paying Agent/Registrar shall, before the delivery of any such Bond, dale <br />and manually sign the above Certificate, and no such Bond shall be deemed to be issued or outstanding unless <br />such Certificate is so executed. The Paying Agent/Registrar promptly shall cancel all Bonds surrendered for <br />conversion and exchange or replacement. No additional ordinances, orders, or resolutions need be passed <br />or adopted by the governing body of the Issuer or any other body or person so as to accomplish the foregoing <br />conversion and exchange or replacement of any Bond or portion thereof, and the Paying Agent/Registrar shall <br />provide for the prinling, execution, and delivery of the substitute Bonds in the manner prescribed herein, and <br />said Bonds shall be of type composition printed on paper with lithographed or steel engraved borders of <br />customary weighl and strength. Pursuant to Chapter 1201, Texas Government Code, the duty of conversion <br />and exchange or replacement of Bonds as aforesaid is hereby imposed upon the Paying Agent/Registrar, and, <br />upon the execution of the above Paying Agent/Registrar's Authenlication Certificate, the converted and <br />exchanged or replaced Bond shall be valid, incontestable, and enforceable in the same manner and with the <br />same effecl as the Initial Bond which originally was issued pursuant to this Ordinance, approved by Ihe <br />Attorney General, and registered by the Comptroller of Public Accounts. The Issuer shall pay the Paying <br />Agent/Registrar's standard or customary fees and charges for transferring, converting, and exchanging any <br />Bond or any portion thereof, but the one requesting any such transfer, conversion, and exchange shall pay <br />any taxes or governmental charges required to be paid with respect thereto as a condition precedent to the <br />exercise of such privilege of conversion and exchange. The Paying Agent/Registrar shall not be required to <br />make any such conversion and exchange or replacement of Bonds or any portion thereof during the period <br />commencing with the close of business on any Record Date and ending with the opening of business on the <br />next following principal or interest payment date. <br /> <br />(e) In General All Bonds issued in conversion and exchange or replacement of any other Bond or <br />portion thereof, (i) shall be issued in fully registered form, without interesl coupons, with the principal of and <br />interest on such Bonds to be payable only to the registered owners thereof, (ii) may be transferred and <br />assigned, (iii) may be converted and exchanged for other Bonds, (iv) shall have the characteristics, (v) shall <br />be signed and sealed, and (vii) the principal of and interest on the Bonds shall be payable, all as provided, and <br />in the manner required or indicaled, in the FORM OF SUBSTITUTE BOND set fonh in this Ordinance. <br /> <br />10 <br />