Ord 1985-121 - Laserfiche WebLink

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the S~ecial Record Date by United states Mail, first class postage prepa1d, to the address of each Holder of a Bond appearin~ on the books of the Paying Agent/Registrar at the close of bus1ness on the last business day preceding the date of mailing of such notice. All payments of principal of, premium, if any, and interest on this Bond shall be in lawful money of the United states of America and shall be made by the Paying Agent/Registrar by check or draft sent on or prior to the appropriate date of payment, by united states mail, first class postage prepaid, to the registered owner hereof on the applicable dates specified, at the address appearing on the Registration Books or by such other method, acceptable to the Paying Agent/Registrar, requested by the registered owner hereof, at the Holder's risk and expense. If a date for the payment of the principal of or interest on this Bond is a Saturday, Sunday, le~al holiday, or a day on which banking institutions in the city 1n which the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday, or day on which such banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. (iii) The Initial Bond shall be numbered T-l. section 10. DEFINITIONS. Throughout this Ordinance the following terms as used herein shall have the meanings set forth below, unless the context clearly indicates otherwise: (a) "City" means the City of San Marcos, Texas; (b) "City Council" or "Council" means the governing body of the City; (c) "Bonds" means the $730,000 City of San Marcos, Texas, Combination Tax and Revenue Refunding Bonds, Series 1985, dated December I, 1985, authorized by this Ordinance; (d) The term "Bond" additionally means any obligation of the City authorized to be issued by this Ordinance, whether initially delivered or issued in exchange for, upon transfer of or in lieu of, any Bond previously issued; (e) The term "Ordinance" means this Ordinance; (f) The term "Initial Bond" means the Bond authorized to be issued pursuant to this Ordinance, which has the Registration certificate executed by or on behalf of of the Comptroller of Public Accounts of the state of Texas endorsed thereon; (g) The term "Initial Date" means the date of the Bonds, as provided in section 2 of this Ordinance; -11-