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Ord 2019-028/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in an amount not to exceed $18,250,000 in one or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase agree
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Ord 2019-028/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in an amount not to exceed $18,250,000 in one or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase agree
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9/13/2019 3:07:29 PM
Creation date
9/13/2019 1:43:09 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2019-28
Date
9/3/2019
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TABLE OF CONTENTS <br />Section1. RECITALS.................................................................................................................2 <br />Section2. DEFINITIONS............................................................................................................2 <br />Section 3. AMOUNT, NAME, PURPOSE, AND AUTHORIZATION....................................2 <br />Section 4. DATE, DENOMINATION, MATURITIES, NUMBERS, <br />INTEREST AND REDEMPTION.............................................................................2 <br />Section 5. REDEMPTION...........................................................................................................4 <br />(a) Right of Redemption..................................................................................................4 <br />(b) Notice of Redemption to Bondholder........................................................................5 <br />(c) Effect of Redemption.................................................................................................5 <br />(d) Conditional Notice of Redemption............................................................................5 <br />Section 6. CHARACTERISTICS OF THE BONDS...................................................................6 <br />(a) Registration, Transfer, Conversion and Exchange; Authentication ...........................6 <br />(b) Payment of Principal and Interest..............................................................................6 <br />(c) In General...................................................................................................................7 <br />(d) Substitute Paying Agent/Registrar.............................................................................7 <br />(e) Book -Entry -Only System...........................................................................................8 <br />(f) Successor Securities Depository; Transfer Outside Book -Entry -Only System .......... 9 <br />(g) Payments to Cede & Co.............................................................................................9 <br />(h) DTC Blanket Letter of Representations.....................................................................9 <br />(i) Cancellation of Initial Bond........................................................................................9 <br />Section 7. FORM OF BONDS.....................................................................................................9 <br />Section8. TAX LEVY...............................................................................................................19 <br />Section 9. DEFEASANCE OF BONDS <br />.20 <br />Section 10. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED BONDS ....... 21 <br />(a) Replacement Bonds..................................................................................................21 <br />(b) Application for Replacement Bonds........................................................................21 <br />(c) No Default Occurred................................................................................................21 <br />(d) Charge for Issuing Replacement Bonds...................................................................22 <br />(e) Authority for Issuing Replacement Bonds...............................................................22 <br />Section 11. CUSTODY, APPROVAL, AND REGISTRATION OF BOND; <br />BOND COUNSEL'S OPINION.............................................................................22 <br />
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