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08-ordinance authorizing the issuance and sale of the City's Combination Tax & Revenue Certificates of Obligation
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08-ordinance authorizing the issuance and sale of the City's Combination Tax & Revenue Certificates of Obligation
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8/22/2012 3:52:50 PM
Creation date
3/5/2010 4:39:10 PM
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CITY CLERK
Doc Name
08
Doc Type
Agenda
CITY CLERK - Date
3/8/2010
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As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it <br />for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the interest on each <br />Security when due, by computing the amount of interest to be paid each Holder and preparing and <br />sending checks by United States Mail, first class postage prepaid, on each payment date, to the <br />Holders of the Securities (or their Predecessor Securities) on the respective Record Date, to the <br />address appearing on the Security Register or by such other method, acceptable to the Bank, <br />reyuested in writing by the Holder at the Holder's risk and expense. <br />The Bank is also authorized to transfer funds relating to the closing and initial delivery of the <br />securities in the manner disclosed in the closing memorandum approved by the Issuer as prepared <br />by the Issuer's financial advisor or other agent. The Bank may act on a facsimile transmission of <br />the closing memorandum to be followed by an original of the closing memorandum signed by the <br />financial advisor or the Issuer <br />SecNon 3.02. Payment Dates. <br />The Issuer hereby instructs the Bank to pay the principal of and interest on the Securities on <br />the dates specified in the Order. <br />ARTICLE FOUR <br />REGISTRAR <br />Section 4.01. SecuritX Reg,ister - Transfers and Exchanges. <br />The Bank agrees to keep and maintain for and on behalf of the Issuer at the Bank Office books <br />and records (herein sometimes referred to as the "Security Register") and, if the Bank Office is <br />located outside the State of Texas, a copy of such books and records shall be kept in the State of <br />Texas, far recording the names and addresses of the Holders of the Securities, the transfer, exchange <br />and replacement of the Securities and the payment of the principal of and interest on the Securities <br />to the Holders and containing such other information as may be reasonably required by the Issuer <br />and subject to such reasonable regulations as the Issuer and the Bank may prescribe. All transfers, <br />exchanges and replacement of Securities shall be noted in the Security Register. <br />Every Security surrendered for transfer or exchange shall be duly endorsed or be accompanied <br />by a written instrument of transfer, the signattu•e on which has been guaranteed by an officer of a <br />federal ar state bank or a member of the National Association of Securities Dealers, in form <br />satisfactory to the Bank, duly executed by the Holder thereof or his agent duly authorized in writing. <br />The Bank may request any supporting documentation it feels necessary to effect a re- <br />registration, transfer or exchange of the Securities. <br />To the extent possible and under reasonable circumstances, the Bank agrees that, in relation <br />to an exchange or transfer of Securities, the exchange or transfer by the Holders thereof will be <br />completed and new Securities delivered to the Holder or the assignee of the Holder in not more than <br />three (3) business days after the receipt af the Securities to be canceled in an exchange or transfer <br />and the written instrument of transfer or request for exchange duly executed by the Holder, or his <br />duly authorized agent, in form and manner satisfactory to the Paying Agent/Registrar. <br />4 <br />: <br />0o0x~,u <br />
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