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15-MOVE TO ADOPT ORD AUTHORIZING ISSUANCE AND SALE OF COP GENERAL OBLIGATION REFUNDING BONDS SERIES 2012
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15-MOVE TO ADOPT ORD AUTHORIZING ISSUANCE AND SALE OF COP GENERAL OBLIGATION REFUNDING BONDS SERIES 2012
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(i) Payments to Cede & Co. Notwithstanding any other provision of this Ordinance to <br />the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of DTC, <br />all payments with respect to principal of and interest on such Bond and all notices with respect to <br />such Bond shall be made and given, respectively, in the manner provided in the representations <br />letter of the Issuer to DTC. <br />(j) Cancellation of Initial Bond. On the closing date, one initial Bond representing the <br />entire principal amount of the Bonds, payable in stated installments to the purchaser designated <br />in Section 10 or its designee, executed by manual or facsimile signature of the Mayor and City <br />Clerk of the Issuer, approved by the Attorney General of Texas, and registered and manually <br />signed by the Comptroller of Public Accounts of the State of Texas, will be delivered to such <br />purchaser or its designee. Upon payment for the initial Bond, the Paying Agent/Registrar shall <br />cancel the initial Bond and deliver to the Depository Trust Company on behalf of such purchaser <br />one registered definitive Bond for each year of maturity of the Bonds, in the aggregate principal <br />amount of all of the Bonds for such maturity. To the extent that the Paying Agent/Registrar is <br />eligible to participate in DTC's FAST System, pursuant to an agreement between the Paying <br />Agent/Registrar and DTC, the Paying Agent/Registrar shall hold the definitive Bonds in <br />safekeeping for DTC. <br />(k) Conditional Notice of Redemption. With respect to any optional redemption of the <br />Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met <br />and moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to <br />be redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such <br />notice of redemption, such notice shall state that said redemption may, at the option of the Issuer, <br />be conditional upon the satisfaction of such prerequisites and receipt of such moneys by the <br />Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon any <br />prerequisite set forth in such notice of redemption. If a conditional notice of redemption is given <br />and such prerequisites to the redemption and sufficient moneys are not received, such notice <br />shall be of no force and effect, the Issuer shall not redeem such Bonds and the Paying <br />Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to <br />the effect that the Bonds have not been redeemed. <br />Section 4. FORM OF BONDS. The form of the Bonds, including the form of Paying <br />Agent/Registrar's Authentication Certificate, the form of Assignment and the form of <br />Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be <br />attached to the Bonds initially issued and delivered pursuant to this Ordinance, shall be, <br />respectively, substantially as follows, with such appropriate variations, omissions or insertions as <br />are permitted or required by this Ordinance, and with the Bonds to be completed with <br />information set forth in the Pricing Certificate. The Form of Bond shall be completed with <br />information set forth in the Pricing Certificate and shall be attached to the Pricing Certificate as <br />an exhibit thereto. <br />(a) [Form of Bond] <br />8 <br />• � <br />
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