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<br />State of Texas and the delivery thereof to the Purchaser.
<br /> The Mayor and City Secretary either or both, are hereby further
<br />authorized and directed to furnish and execute such documents relating
<br />to the City and its financial affairs as may be necessary for the
<br />issuance of the Certificates, the approval of the Attorney General and
<br />their registration by the Comptroller of Public Accounts and, together
<br />with the City's financial advisor, bond counsel and the Paying
<br />Agent/Registrar, make the necessary arrangements for the delivery of
<br />the Initial Certificate to the Purchasers and the initial exchange
<br />thereof for definitive Certificates.
<br /> Section 25. SATISFACTION OF OBLIGATION. If the City shall pay
<br />or cause to be paid, or there shall otherwise be paid to the Holders,
<br />the principal of, premium, if any, and interest on the Certificates,
<br />at the times and in the manner stipulated in this Ordinance, then the
<br />pledge of the funds pledged under this Ordinance and all covenants,
<br />agreements, and other obligations of the City to the Holders shall
<br />thereupon cease, terminate, and become void and be discharged and
<br />satisfied, and the Paying Agent/Registrar shall pay over or deliver to
<br />the City all money held by it under this Ordinance.
<br /> Certificates or principal amount thereof and interest
<br />installments for which money shall have been set aside in full payment
<br />to maturity or the redemption thereof and held in trust by the Paying
<br />Agent/Registrar (through deposit by the City of funds for such payment
<br />or redemption or otherwise) shall be deemed to have been paid within
<br />the meaning and with the effect expressed above in this Section. All
<br />Outstanding Certificates shall be deemed to have been paid pr ior to
<br />their Stated Maturity, within the meaning and with the effect
<br />expressed above in this Section, if there shall have been depos i ted
<br />with the Paying Agent/Registrar either money in an amount which shall
<br />be suff icient, or Government Secur i ties the pr incipal of and the
<br />interest on which when due will provide money which together with the
<br />money, if any, deposited with the Paying Agent/Registrar at the same
<br />time shall be sufficient, to pay when due the principal of and interest
<br />to become due on such Certificates on and prior to the Stated Maturity
<br />or (if notice of redemption has been duly given or waived or if
<br />irrevocable arrangements therefor acceptable to the Paying
<br />Agent/Registrar have been made) the redemption date thereof. Neither
<br />Government Securities nor money deposited with the Paying
<br />Agent/Registrar pursuant to this Section, nor principal or interest
<br />payments on any such Government Securities, shall be withdrawn or used
<br />for any purpose other than, and shall be held in trust for, the payment
<br />of the principal of, premium, if any, and interest on such
<br />Certificates. Any cash received from such principal of and interest
<br />on such Government Securities deposited with the Paying
<br />Agent/Registrar, if not needed for such purpose, shall, to the extent
<br />practicable, be reinvested in Government Securities (which may be non-
<br />interest bearing) maturing at times and in amounts sufficient to pay
<br />when due the principal of, premium, if any, and interest on such
<br />Certificates on and prior to the Stated Maturity thereof, and interest
<br />earned from such reinvestments shall be paid over to the City as
<br />received by the Paying Agent/Registrar, free and clear of any trust,
<br />lien, or pledge. Any payment for Government Securities purchased for
<br />the purposes of reinvesting cash as aforesaid shall be made only
<br />against delivery of such Government Securities.
<br /> At such time as all of the Certificates are retired, or provision
<br />is made for their payment, money in the Interest and Sinking Fund, if
<br />any, shall be transferred to the general fund of the City, unless then
<br />required by law to be transferred to some other fund or used for some
<br />other purpose, provided that any money held by the Paying
<br />Agent/Registrar which has been provided for the payment of interest or
<br />principal and not so utilized for any reason shall continue to be held
<br />by the Paying Agent/Registrar for a per iod of three calendar years,
<br />and if not claimed, the same shall be returned to the City.
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