Ord 1988-019 - Laserfiche WebLink

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PA YING AGENT/REGISTRAR AGREEMENT THIS PAYING AGENT/REGISTRAR AGREEMENT (the or this "Agreement") is by and between CITY OF SAN MARCOS, TEXAS (the "Issuer"), and MTRUST CORP, NATIONAL ASSOCIATION, Austin, Texas ("MTrusttl), duly organized and existing under the laws of the State of Texas. WHEREAS, the Issuer has duly authorized and provided for the issuance of its General Obligation Bonds, Series 1988 (the "Bonds") in an aggregate principal amount of $1,660,000 to be issued as registered securities without coupons; WHEREAS, all things necessary to make the Bonds the valid obligations of the Issuer, in accordance with their terms, will be taken upon the issuance and delivery thereof; WHEREAS, the Issuer is desirous that MTrust act as the Paying Agent of the Issuer in paying the principal, premium (if any) and interest on the Bonds, in accordance with the terms thereof, and that MTrust act as Registrar for the Bonds; WHEREAS, the Issuer has duly authorized the execution and delivery of this Agreement; and all things necessary to make this Agreement the valid agreement of the Issuer, in accordance with its terms, have been done; NOW, THEREFORE, it is mutually agreed as follows: ARTICLE ONE APPOINTMENT OF MTRUST AS PAYING AGENT AND REGISTRAR Section 1.01. Appointment. (a) The Issuer hereby appoints MTrust to act as Paying Agent with respect to the Bonds, in paying to the registered owners of the Bonds the principal of and interest on all or any of the Bonds. (b) Bonds. The Issuer hereby appoints MTrust as Registrar with respect to the (c) MTrust hereby accepts its appointment, and agrees to act, as the Paying Agent and Registrar. Section 1.02. Compensation. (a) As compensation for MTrust's services as Paying Agent/Registrar, the Issuer hereby agrees to pay MTrust the fees and amounts set forth in Annex A hereto for the first year of this Agreement, or such part thereof as this Agreement