Laserfiche WebLink
2028 2038 <br /> 2029 2039 <br /> 2030 2040 <br /> 2031 2041 <br /> The Certificates shall be issued in denominations of$5,000 or any integral multiple thereof(an <br /> "Authorized Denomination"). <br /> Section 3. REDEMPTION. The Certificates are subject to optional redemption as <br /> described in the FORM OF CERTIFICATE set forth in Section 6 of this Ordinance. <br /> Section 4. INTEREST. That the Certificates scheduled to mature during the years, <br /> respectively, set forth below shall bear interest from the date set forth in the FORM OF <br /> CERTIFICATE set forth in Section 6 of this Ordinance to their respective dates of maturity or <br /> redemption prior to maturity at the rates per annum, as set forth in the following schedule: <br /> INTEREST INTEREST <br /> YEAR RATE YEAR RATE <br /> 2022 2032 <br /> 2023 2033 <br /> 2024 2034 <br /> 2025 2035 <br /> 2026 2036 <br /> 2027 2037 <br /> 2028 2038 <br /> 2029 2039 <br /> 2030 2040 <br /> 2031 2041 <br /> Interest on the Certificates shall be calculated on the basis of a 360-day year consisting of <br /> twelve 30-day months. Said interest shall be payable to the registered owner of any such Certificate <br /> in the manner provided and on the dates stated in the FORM OF CERTIFICATE set forth in this <br /> Ordinance. <br /> Section 5. CHARACTERISTICS OF THE CERTIFICATES. Registration, <br /> Transfer, Conversion and Exchange;Authentication. (a) The City shall keep or cause to be kept <br /> at the designated office for payment of Regions Bank, Houston, Texas (the "Paying <br /> Agent/Registrar ) books or records for the registration of the transfer, conversion, and exchange <br /> of the Certificates('Registration Books"),and the City hereby appoints the Paying Agent/Registrar <br /> as its registrar and transfer agent to keep such books or records and make such registrations of <br /> transfers, conversions, and exchanges under such reasonable regulations as the City and Paying <br /> Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations, <br /> transfers, conversions, and exchanges as herein provided. The Paying Agent/Registrar shall <br /> obtain and record in the Registration Books the address of the Registered Owner of each Certificate <br /> to which payments with respect to the Certificates shall be mailed, as herein provided; but it shall <br /> be the duty of each Registered Owner to notify the Paying Agent/Registrar in writing of the address <br /> to which payments shall be mailed, and such interest payments shall not be mailed unless such <br /> notice has been given. To the extent possible and under reasonable circumstances, all transfers <br /> 3 <br /> SAN MARCOS(TWDB)CTRCO 2022:Ordinance <br />