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Ord 2020-039/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in the amount not to exceed $120,000,000 in one year or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase
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Ord 2020-039/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in the amount not to exceed $120,000,000 in one year or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase
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6/9/2020 8:55:29 AM
Creation date
6/9/2020 8:49:21 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2020-39
Date
5/19/2020
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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 />Section5. 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 />Section7. FORM OF BONDS................................................................................................9 <br />Section8. TAX LEVY..........................................................................................................19 <br />Section 9. DEFEASANCE OF BONDS................................................................................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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