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Ord 2001-060
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Ord 2001-060
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Last modified
2/4/2010 10:37:29 AM
Creation date
7/10/2006 11:25:55 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2001-60
Date
8/27/2001
Volume Book
144
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<br />tenor of the definitive Certificates in lieu of which they are delivered, without coupons, and with such <br />appropriate insertions, omissions, substitutions and other variations as the officers of the City executing such <br />temporary Certificates may determine, as evidenced by their signing of such temporary Certificates. <br /> <br />(b) Until exchanged for Certificates in definitive form, such Certificates in temporary form shall <br />be entitled to the benefit and security of this Ordinance. <br /> <br />(c) The City, without unreasonable delay, shall prepare, execute and deliver to the Paying <br />Agent/Registrar the Certificates in definitive form; thereupon, upon the presentation and surrender of the <br />Certificate or Certificates in temporary form to the Paying Agent/Registrar, the Paying Agent/Registrar shall <br />cancel the Certificates in temporary form and authenticate and deliver in exchange therefor a Certificate or <br />Certificates of the same maturity and series, in definitive form, in the authorized denomination, and in the <br />same aggregate principal amount, as the Certificate or Certificates in temporary form surrendered. Such <br />exchange shall be made without the making of any charge therefor to any Owner. <br /> <br />Section 3.09. Replacement Certificates. <br /> <br />(a) Upon the presentation and surrender to the Paying Agent/Registrar, at the Designated <br />Payment/Transfer Office, of a mutilated Certificate, the Paying Agent/Registrar shall authenticate and deliver <br />in exchange therefor a replacement Certificate of like tenor and principal amount, bearing a number not <br />contemporaneously outstanding. The City or the Paying Agent/ Registrar may require the Owner of such <br />Certificate to pay a sum sufficient to cover any tax or other governmental charge that is authorized to be <br />imposed in connection therewith and any other expenses connected therewith. <br /> <br />(b) In the event that any Certificate is lost, apparently destroyed or wrongfully taken, the Paying <br />Agent/Registrar, pursuant to the applicable laws of the State of Texas and in the absence of notice or <br />knowledge that such Certificate has been acquired by a bona fide purchaser, shall authenticate and deliver <br />a replacement Certificate of like tenor and principal amount, bearing a number not contemporaneously <br />outstanding, provided that the Owner first: <br /> <br />(i) furn ishes to the Paying Agent/Registrar satisfactory evidence ofh is or her ownersh i p <br />of and the circumstances of the loss, destruction or theft of such Certificate; <br /> <br />(ii) furnishes such security or indemnity as may be required by the Paying <br />Agent/Registrar and the City to save them harmless; <br /> <br />(iii) pays all expenses and charges in connection therewith, including, but not limited <br />to, printing costs, legal fees, fees of the Paying Agent/Registrar and any tax or other governmental <br />charge that is authorized to be imposed; and <br /> <br />(iv) satisfies any other reasonable requirements imposed by the City and the Paying <br />Agent/Registrar. <br /> <br />(c) If, after the delivery of such replacement Certificate, a bona fide purchaser of the original <br />Certificate in lieu of which such replacement Certificate was issued presents for payment such original <br />Certificate, the City and the Paying Agent/Registrar shall be entitled to recover such replacement Certificate <br />from the person to whom it was delivered or any person taking therefrom, except a bona fide purchaser, and <br /> <br />R. \SA N MA R \CO 01 \Dcxs\Ordinancefn wpd <br /> <br />10 <br />
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