Laserfiche WebLink
<br /> Date by United states mail, first class postage prepaid, to the <br /> address of each holder of a Bond appearing on the books of the <br /> Paying Agent/Registrar at the close of business on the last <br /> business day preceding the date of mailing of such notice. <br /> Principal of any Bond shall be paid to the person in whose <br /> name such Bond is registered at the maturity thereof, or upon <br /> redemption prior to maturity, as applicable, upon surrender of <br /> such Bond to the Paying Agent/Registrar for cancellation. <br /> All payments of principal of, premium, if any, and interest <br /> on the Bonds shall be in lawful money of the United states of <br /> America, and shall be paid by check mailed by the Paying <br /> Agent/Registrar on or prior to the appropriate date of payment to <br /> the person entitled to such payment, by United states mail, first <br /> class postage pre:paid, at the address of such person as same <br /> appears in the Reg~stration Books (hereinafter defined) or by such <br /> other customary banking arrangements acceptable to the Paying <br /> Agent/Registrar and the person to whom such payment is to be made; <br /> provided, however, that such person shall bear all risk and <br /> expense of such customary banking arrangements. <br /> If a date for payment of princi¡;>al of or interest on the <br /> Bonds is a Saturday, Sunday, legal hol~day, or a day on which the <br /> banking institutions in the city in which the Paying Agent/ <br /> Registrar is located are authorized by law or executive order to <br /> close, then the date for such payment shall be the next succeeding <br /> dar which is not such Saturday, Sunday, legal holiday, or day on <br /> wh~ch such banking institutions are authorized to close; and <br /> payment on such date shall have the same force and effect as if <br /> made on the original date such payment was due. <br /> Section 5. PAYING AGENT/REGISTRAR; REGISTRATION BOOKS. (a) <br /> Paying Agent/Registrar. The selection of MBank Austin, N.A., <br /> Austin, Texas, to serve as Paying Agent/Registrar for the Bonds is <br /> hereby approved and confirmed. <br /> (b) Registration Books. The City agrees and covenants <br /> to cause to be kept and maintained at the principal corporate <br /> office of the Paying Agent/Registrar books and records for the <br /> registration, payment and transfer of the Bonds (the "Registration <br /> Books"), all as provided herein, pursuant to an agreement between <br /> the City and the Paying Agent/Registrar therefor and such <br /> reasonable rules, regulations and procedures as the Paying <br /> Agent/Registrar may establish. The City shall maintain and <br /> provide a Paying Agent/Registrar at all times while the Bonds are <br /> outstanding, and any successor Paying Agent/Registrar shall be a <br /> bank, trust company, financial institution or other entity legally <br /> authorized and fully qualified to serve and perform the duties and <br /> services of Paying Agent/ Registrar for the Bonds. Upon any <br /> change in the Paying Agent/Registrar (I) the new Paying <br /> Agent/Registrar shall accept the previous Paying Agent/Registrar's <br /> records and act in the same capaci ty as the previous Paying <br /> Agent/Registrar, and (2) the City shall cause a written notice <br /> -3- <br />