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Ord 1987-001
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Ord 1987-001
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Last modified
8/15/2007 12:50:19 PM
Creation date
8/15/2007 12:48:05 PM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
1987-1
Date
1/7/1987
Volume Book
85
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<br />WITNESS MY SIGNATURE AND SEAL OF OFFICE this <br /> <br />Comptroller of Public Accounts <br />of the State of Texas <br /> <br />[SEAL] <br /> <br />Section 6.03. CUSIP Registration. <br /> <br />The City may secure identification numbers through the CUSIP Service <br />Bureau Division of Standard & Poor's Corporation, New York, New York, and may <br />authorize the printing of such numbers on the face of the Certificates. It is <br />expressly provided, however, that the presence or absence of CUSIP numbers on the <br />Certificates shall be of no significance or effect as regards the legality thereof and <br />neither the City nor the attorneys approving said Certificates as to legality are to <br />be held responsible for CUSIP numbers incorrectly printed on the Certificates. <br /> <br />Section 6.04. Legal Opinion. <br /> <br />The approving legal opinion of Hutchison Price Boyle & Brooks, Bond Counsel, <br />may be printed on the back of each Certificate over the certification of the City <br />Secretary of the City" which >:'."!ay be executed in facsimile. <br /> <br />ARTICLE VII <br /> <br />CREATION OF FUNDS AND ACCOUNTS, INITIAL DEPOSITS <br />AND APPLICATION OF MONEY <br /> <br />Section 7.01. Creation of Funds. <br /> <br />(a) The City hereby establishes the following funds: (1) the City of San <br />Marcos, Texas, Certificates of Obligation, Series 1987, Interest and Sinking Fund; <br /> <br />(ii) The Series 1987 Certificates of Obligation Construction Fund. <br /> <br />(b) The Interest and Sinking Fund and the Construction Fund shall be <br />maintained at an official depository of the City~ <br /> <br />l434f <br /> <br />-21- <br />
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