Ord 2016-018/authorizing the issuance and sale of $38,000,000 City of San Marcos, Texas, Combination Tax And Revenue Certificates of Obligation, Series 2016

Home Browse Search

Section 5.04. Termination. The City reserves the right to terminate the appointment of any Paying Agent /Registrar by delivering to the entity whose appointment is to be terminated a certified copy of a resolution of the City (i) giving notice of the tennination of the appointment and of the Paying Agent /Registrar Agreement, stating the effective date of such termination, and (ii) appointing a successor Paying Agent /Registrar; provided that no such termination shall be effective until a successor Paying Agent /Registrar has accepted the duties of Paying Agent /Registrar for the Certificates. Section 5.05. Notice of Change to Owners. Promptly upon each change in the entity serving as Paying Agent/Registrar, the City will cause notice of the change to be sent to each Owner by United States mail, first class postage prepaid, at the address in the Register, stating the effective date of the change and the naive of the replacement Paying Agent /Registrar and the mailing address of its Designated Payment /Transfer Office. Section 5.06. Agreement to Perform Duties and Functions. By accepting the appointment as Paying Agent /Registrar, the Paying Agent /Registrar is deemed to have agreed to the provisions of this Ordinance and that it will perform the duties and functions of Paying Agent /Registrar prescribed hereby. Section 5.07. Delivery of Records to Successor. If a Paying Agent /Registrar is replaced, such Paying Agent /Registrar, promptly upon the appointment of the successor, will deliver the Register (or a copy thereof) and all other pertinent books and records relating to the Certificates to the successor Paying Agent /Registrar. ARTICLE VI FORM OF THE CERTIFICATES Section 6.01. Form Generallv. (a) The Certificates, including the Registration Certificate of the Comptroller of Public Accounts of the State of Texas, the Certificate of the Paying Agent /Registrar, and the Assignment form to appear on each of the Certificates, (1) shall be substantially in the form set forth in this Article, with such appropriate insertions, omissions, substitutions, and other variations as are permitted or required by this Ordinance, and (ii) may have such letters, numbers, or other marks of identification (including identifying numbers and letters of the Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such legends and endorsements (including any reproduction of an opinion of counsel) thereon as, consistently herewith, may be determined by the City or by the officers executing such Certificates, as evidenced by their execution thereof. San Marcos CTRCO 2016: Ordinance 19