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Ord 2002-054
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Ord 2002-054
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Last modified
9/18/2007 4:20:46 PM
Creation date
6/26/2006 4:41:53 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2002-54
Date
8/12/2002
Volume Book
148
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<br />such term ination shall be effective unti I a successor Paying Agent/Registrar has accepted the duties of Paying <br />Agent/Registrar for the Bonds. <br /> <br />Section 5.05. Notice of Change to Owners. <br /> <br />Promptly upon each change in the entity serving as Paying Agent/Registrar, the City will cause notice <br />of the change to be sent to each Owner by United States mail, first class postage prepaid, at the address in <br />the Register, stating the effective date of the change and the name of the replacement Paying Agent/Registrar <br />and the mailing address of its Designated Payment/Transfer Office. <br /> <br />Section 5.06. Agreement to Perform Duties and Functions. <br /> <br />By accepting the appointment as Paying Agent/Registrar, the Paying Agent/Registrar is deemed to <br />have agreed to the provisions of this Ordinance and that it will perform the duties and functions of Paying <br />Agent/Registrar prescribed hereby. <br /> <br />Section 5.07. Delivery of Records to Successor. <br /> <br />If a Paying Agent/Registrar is replaced, such Paying Agent/Registrar, promptly upon the appointment <br />of the successor, will deliver the Register (or a copy thereof) and all other pertinent books and records <br />relating to the Bonds to the successor Paying Agent/Registrar. <br /> <br />ARTICLE VI <br /> <br />FORM OF THE BONDS <br /> <br />Section 6.01. Form Generally. <br /> <br />(a) The Bonds, including the Registration Bond of the Comptroller of Public Accounts of the <br />State of Texas, the Bond of the Paying Agent/Registrar, and the Assignment form to appear on each ofthe <br />Bonds, (i) shall be substantially in the form set forth in this Article, with such appropriate insertions, <br />omissions, substitutions, and other variations as are permitted or required by this Ordinance, and (ii) may <br />have such letters, numbers, or other marks of identification (including identifying numbers and letters of the <br />Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such <br />legends and endorsements (including any reproduction of an opinion of counsel) thereon as, consistently <br />herewith, may be determined by the City or by the officers executing such Bonds, as evidenced by their <br />execution thereof. <br /> <br />(b) Any portion of the text of any Bonds may be set forth on the reverse side thereof, with an <br />appropriate reference thereto on the face of the Bonds. <br /> <br />(c) The Bonds shall be printed, lithographed, or engraved, and may be produced by any <br />combination of these methods or produced in any other manner, all as determined by the officers executing <br />such Bonds, as evidenced by their execution thereof, except that the Initial Bond submitted to the Attorney <br />General of Texas, the definitive Bonds delivered to DTC and any temporary Bonds may be typewritten or <br />photocopied or otherwise produced. <br /> <br />R\San MarcoslEUS Rfdg.02\Docs\Ordinance\Final.wpd <br /> <br />16 <br />
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