02 GO Refunding Bond Ordinance - Laserfiche WebLink

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"Rule" means SEC Rule 15c2-12, as amended from time to time. "SEC~' means the United States Secuhties and Exchange Commission. "SID" means any person designated by the State of Texas or an authorized department, officer, or agency thereof as, and determined by the SEC or its staff to be, a state information depository xvithin the meaning of the Rule from time to time. Section 16. SALE OF BONDS. The Bonds are hereby sold and shall be delivered to FIRST SOUTHI4ZEST COMPANY (the "Underxvriter") for the purchase price of $ (representing the par amount of the Bonds of less a net original issue discount of $ less an Underxvriter's discount on the Bonds of $ ) plus interest accrued (accrued interest to be deposited into the Interest and Sinking Fund and premium to be deposited into the Interest and Sinking Fund and applied to paying principal) thereon to date of delivery pursuant to the terms and provisions of a Purchase Agreement xvith the Underxvriter. It is hereby officially found, determined, and declared that the Bonds have been sold pursuant to the terms and provisions of a Purchase Agreement in substantially the form attached hereto as Exhibit B, xvhich the Mayor of the Issuer is hereby authorized and directed to execute. It is hereby officially found, determined, and declared that the terms of this sale are the most advantageous reasonably obtainable. The Initial Bond shall be registered in the name of FIRST SOUTHI4ZEST COMPANY.. Section 17. APPROVAL OF OFFICIAL STATEMENT. The Issuer hereby approves the form and content of the Official Statement relating to the Bonds and any addenda, supplement or amendment thereto, and approves the distribution of such Official Statement in the reolTermg of the Bonds by the Underxvriter in final form, xvith such changes therein or additions thereto as the officer executing the same may deem advisable, such determination to be conclusively evidenced by his execution thereof. The Preliminary Official Statement, dated August 1, 2003, is hereby approved and deemed final as of its date, as required by SEC Rule 15-2-12, and the distribution and use of the Preliminary Official Statement prior to the date hereof is hereby ratified and confirmed. Section 18. APPROVAL OF ESCROW AGREEMENT AND TRANSFER OF FUNDS. The Mayor of the Issuer is hereby authorized and directed to execute and deliver and the City Secretary of the Issuer is hereby authorized and directed to attest an Escroxv Agreement in substantially the form attached hereto as Exhibit C. In Addition, the Mayor is authorized to execute such subscription for the purchase of U. S. Treasury Securities, State and Local Govemment Series, or the purchase of direct obligations of the United States of America as may be necessary for the Escroxv Fund, and to authorize such contributions as may be necessary for the Escroxv Fund. Section 19. NOTICE OF REDEMPTION. That there is attached to this Ordinance, as Exhibit D, and made a part hereof for all purposes, a notice of prior redemption for the Refunded Obligations to be redeemed prior to stated maturity, and such Refunded Obligations described in said notice of prior redemption are hereby called for redemption and shall be redeemed prior to maturity on the date, place, and at the price as set forth therein. 25