Ord 1984-033 - Laserfiche WebLink

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transfer of Certificates will be delivered to the registered owner or his designee in not more than three (3) business days after the receipt of the Certificates to be cancelled in the exchange or transfer and the written instrument of transfer or request for exchange duly executed by the registered owner or his duly authorized agent, in form satisfactory to the Paying Agent/Registrar. Except as otherwise provided herein, all transfers and exchanges of Certificates shall be made without expense or service charge to the Holder; provided, however, that the Paying Agent/Registrar shall require payment by the Holder requesting such transfer or exchange of any tax or other governmental charges imposed in connection with any transfer or exchange. Neither the City nor the Paying Agent/Registrar shall be required to issue or transfer, to an assignee of any Holder of Certificates any Certificate called for redemption, in whole or in part, within 45 days of the date fixed for redemption; provided, however, that such limitation of transfer shall not be applicable to an exchange by the Holder of the unredeemed balance of a Certificate called in part for redemption. Section 8. EXECUTION; FULLY REGISTERED FORM; DENOMINATIONS. (a) Execution. The Certificates shall be executed on behalf of the City by the Mayor of the City and countersigned by the City Secretary of the City. The signature of ei ther or both of said off icers on the Certificates may be manual or facsimile. The seal of the City may be printed, lithographed or impressed on each Certificate. Certificates bearing the manual or facsimile signatures of individuals who at the time were the proper officers of the City shall be deemed to be duly executed on behalf of the City notwithstanding that such individuals, or either of them, shall cease to hold such offices prior to the certification or registration and delivery of such Certificates or shall not have held such offices at the date of such Certificates, all as provided and authorized in the Bond Procedures Act of 1981 (Article 717k-6, V.T.C.S.), as amended. (b) Fully Registered Form. The Certificates are issuable in fully registered form only, both principal thereof and interest thereon to be payable only to the registered owner thereof. No Certificate shall be entitled to right or benefit under this Ordinance, or be valid or obligatory for any purpose, unless there appears on such Certificate either a certificate of registration substantially in the form provided by this Ordinance, executed by the Comptroller of Public Accounts of the State of Texas or his duly authorized agent by manual signature, or a certificate of registration substantially in the form provided herein, executed by the Paying Agent/Registrar by manual signature, and either such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly certified or registered and delivered. (c) Denominations. The Certificates shall be in the denominations of $5,000 or any integral multiple thereof. Section 9. INITIAL CERTIFICATE. The Certificates herein authorized shall be issued initially as a single fully registered Certificate (the "Initial Certificate") representing the entire principal amount of the Certificates and in the name of the initial purchaser or purchasers of the Certificates, or his or their designee. The Initial Certificate shall be the Certificates submitted to the Attorney General of Texas for examination and approval and certified and registered by the Comptroller of Public Accounts of the State of Texas. At any time after delivery of the Initial Certificate to the initial purchaser or purchasers, or designee, the Paying Agent/Registrar, upon the written instructions of the purchaser or -5-