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94-033 ORD AUTHORIZING ISSUANCE OF COP TEXAS CERTIFICATES OF OBLIGATION SERIES 1994
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94-033 ORD AUTHORIZING ISSUANCE OF COP TEXAS CERTIFICATES OF OBLIGATION SERIES 1994
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11/20/2017 4:57:31 PM
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CITY CLERK
CITY CLERK - Date
7/18/1994
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<br /> <br /> <br /> <br /> <br /> <br /> authenticated after any Record Date but on or before the next following interest payment date, in <br /> which case it shall bear interest from such next following interest payment date; provided, <br /> however, that if at the time of delivery of any substitute Certificate of Obligation the interest on <br /> the Certificate of Obligation for which it is being exchanged is due but has not been paid, then <br /> such Certificate of Obligation shall bear interest from the date to which such interest has been paid <br /> in full. THE INITIAL CERTIFICATE OF OBLIGATION issued and delivered pursuant to this <br /> Ordinance is not required to be, and shall not be, authenticated by the Paying Agent/Registrar, <br /> but on each substitute Certificate of Obligation issued in conversion of and exchange for or <br /> replacement of any Certificate of Obligation or Certificates of Obligation issued under this <br /> Ordinance there shall be printed a certificate, in the form substantially as follows: <br /> <br /> PAYING AGENT/REGISTRAR' S AUTHENTICATION CERTIFICATE <br /> <br /> It is hereby certified that this Certificate of Obligation has been issued under the provisions <br /> of the Certificate of Obligation Ordinance described on the face of this Certificate of Obligation; <br /> <br /> and that this Certificate of Obligation has been issued in conversion of and exchange for or <br /> replacement of a certificate of obligation, certificate of obligations, or a portion of a certificate <br /> of obligation or certificate of obligations of an issue which originally was approved by the <br /> Attorney General of the State of Texas and registered by the Comptroller of Public Accounts of <br /> the State of Texas. <br /> <br /> Paying Agent/Registrar <br /> <br /> Dated By <br /> Authorized Representative <br /> <br /> An authorized representative of the Paying Agent/Registrar shall, before the delivery of any such <br /> Certificate of Obligation, date and manually sign the above Certificate, and no such Certificate <br /> of Obligation shall be deemed to be issued or outstanding unless such Certificate is so executed. <br /> The Paying Agent/Registrar promptly shall cancel all Certificates of Obligation surrendered for <br /> conversion and exchange or replacement. No additional orders, orders, or resolutions need be <br /> passed or adopted by the governing body of' the Issuer or any other body or person so as to <br /> accomplish the foregoing conversion and exchange or replacement of any Certificate of Obligation <br /> or portion thereof, and the Paying Agent/Registrar shall provide for the printing, execution, and <br /> delivery of the substitute Certificates of Obligation in the manner prescribed herein, and said <br /> Certificates of Obligation shall be of type composition printed on paper with lithographed or steel <br /> engraved borders of customary weight and strength. Pursuant to TEX. REV. CIV. STAT. ANN. <br /> art. 717k-6 (Vernon, as amended), and particularly Section 6 thereof, the duty of conversion and <br /> exchange or replacement of Certificates of Obligation as aforesaid is hereby imposed upon the <br /> Paying Agent/Registrar, and, upon the execution of the above Paying Agent/Registrar's <br /> Authentication Certificate, the converted and exchanged or replaced Certificate of Obligation shall <br /> be valid, incontestable, and enforceable in the same manner and with the same effect as the Initial <br /> Certificate of Obligation which originally was issued pursuant to this Ordinance, approved by the <br /> <br /> 12 <br />
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