Ord 1987-111 - Laserfiche WebLink

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PAYING AGENT/REGISTRAR AGREEMENT THIS PAYING AGENT/REGISTRAR AGREEMENT (the or this "Agreement") is by and between THE CITY OF SAN MARCOS, TEXAS (the "Issuer"), and MBANK AUSTIN, N.A., AUSTIN, TEXAS (the "Bank"), a banking association duly organized and existing under the laws of the United States of America. WHEREAS, the Issuer has duly authorized and provided for the issuance of its General Obligation Bonds, Series 1987 (the "Obligations") in an aggregate principal amount of $500,000 to be issued as registered securities without coupons; WHEREAS, all things necessary to make the Obligations the valid obligations of the Issuer, in accordance with their terms, will be taken upon the issuance and delivery thereof; WHEREAS, the Issuer is desirous that the Bank act as the Paying Agent of the Issuer in paying the principal, premium (if any) and interest on the Obligations, in accordance with the terms thereof, and that the Bank act as Registrar for the Obligations; WHEREAS, the Issuer has duly authorized the execution and delivery of this Agreement; and all things necessary to make this Agreement the valid agreement of the Issuer, in accordance with its terms, have been done; NOW, THEREFORE, it is mutually agreed as follows: ARTICLE ONE APPOINTMENT OF BANK AS PA YING AGENT AND REGISTRAR Section 1.01. Appointment. (a) The Issuer hereby appoints the Bank to act as Paying Agent with respect to the Obligations, in paying to the owners of the Obligations the principal, premium (if any) and interest on all or any of the Obligations. (b) Obligations. (c) The Bank hereby accepts its appointment, and agrees to act as, the Paying Agent and Registrar. The Issuer hereby appoints the Bank as Registrar with respect to the Section 1.02. Compensation. (a) As compensation for the Bank's services as Paying Agent/Registrar, the Issuer hereby agrees to pay the Bank the fees and amounts set forth in Annex A hereto for the first year of this Agreement, or such