Res 1982-012 - Laserfiche WebLink

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f. We will make recommendations to the Issuer on the matter of bond rating(s) for the proposed issue and when directed by you shall coordinate the preparation of such information as in our opinion is required for submission to the rating agency (ies). In those cases where the advisa- bility of personal presentation of information to the bond rating agencies may be indicated, we will arrange for such personal presentation. g. If the securities are to be sold at public sale we will disseminate information to prospective bid- ders, we will organize such information meetings as in our judgment may be necessary, and will work with prospective bidders to assist them in timely submitting proper bids. We will assist you at the bond sale for the purpose of coordinating the receipt of bids, and the furnishing of good faith checks where indicated, and for the purpose of tabulation and comparison of bids, and will advise you as to the best bid, and will provide our recommendation as to acceptance or rejec- tion of such bid. As soon as a bid for the bonds shall be accepted you, we will proceed to co- ordinate the efforts of all concerned to the end that the bonds may be delivered and for as expeditiously as possible. Should the bonds be eligible under Texas laws for purchase by the State Board of Education, the Financial Advisor will be responsible for the preparation of an Applica- tion for Purchase or Waiver and its timely submission to the Board. We shall assist you in the preparation or verification of final closing figures, and when will provide suggestions on a program of temporary investment of bond proceeds, in consultation with the Issuer's archi- tect or consulting engineer, consistent with the construction timetable for the project. h. We will act as your agent in arranging for the printing of the securities, and will submit same for execution and impression of seal, and we will attend to their delivery to the Attorney General for approval and the Comptroller of Public Accounts for registration, it being understood that title to and ownership of the printed securities shall be in the Issuer until they are sold and de- livered to the purchaser. After closing we will deliver to you and your paying agent(s) definitive debt records, including a schedule of annual debt service requirements on the obligations being delivered to the purchaser. 3. We agree to direct and coordinate the entire program of financing herein contemplated. In that COll- nection we understand that you have retained or expect to retain ___R:LcJ~__E~:i-sh~:J:;:,_________ u_________, a firm of recognized municipal bond attorneys, who will prepare the proceedings and advise the steps necessary to be taken to issue the securities and who will issue an opinioll approving their legality. We will maintain liason with this firm of bond attorneys and shall assist in all financial advisory aspects involved in the preparation of appropriate legal proceedings and docu- ments. Where the issuance and sale of the securities, and construction of the project in question, requires the approval of any state or governmental agency, we shall assist you in the preparation of all financial information required for inclusion in applications for such approval, and when requested by you, shall appear on your behalf to provide appropriate testimony at public hearings before state and othet goverN- mental commissions and boards. We will also be available to participate with you in any preliminary con- ferences with the staffs of any state or governmental agencies involved, and we will, for qualified proj- ects, coordinate the preparation of financial assistance applications required for state involvement. 4. In consideration for the services rendered by us in connection with the issuance and sale of the above-described securities it is understood and agreed that our fee will be as follows: See attached fee schedule. In consideration of the above fee we will assume and be responsible for the following expenses: 1. Bond election supplies. 2. Printing costs of documents required in publicizing the offering of bonds. 3. Postage and mailing expense. 4. Cost of printing bonds. 5. Shipping and registration costs of bonds. 6. Fees of municipal bond attorneys. 7. Travel and communication expenses of financial advisor. -2-