Ord 1999-012 - Laserfiche WebLink

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or names Owners transferring or exchanging Certificates shall designate, in accordance with the provisions of this Ordinance. Section 3.12. Payments to Cede & Co. Notwithstanding any other provision of this Ordinance to the contrary, so long as any Certificates are registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal of, premium, if any, and interest on such Certificates, and all notices with respect to such Certificates, shall be made and given, respectively, in the manner provided in the Representation Letter. ARTICLE IV REDEMPTION OF CERTIFICATES BEFORE MATURITY Section 4.01. Limitation on Redemption. The Certificates shall be subject to redemption before scheduled maturity only as provided in this Article IV. Section 4.02. No Optional Redemption. The Certificates are not subject to optional redemption prior to maturity. ARTICLE V PAYING AGENT/REGISTRAR Section 5.01. Appointment of Initial Pavinl! AgentJRegistrar. (a) The City hereby appoints Chase Bank of Texas, National Association, as its registrar and transfer agent to keep such books or records and make such transfers and registrations under such reasonable regulations as the City and the Paying AgentJRegistrar may prescribe; and the Paying AgentJRegistrar shall make such transfer and registrations as herein provided. It shall be the duty of the Paying AgentJRegistrar to obtain from the Owners and record in the Register the address of such Owner of each Certificate to which payments with respect to the Certificates shall be mailed, as provided herein. The City or its designee shall have the right to inspect the Register during regular business hours of the Paying AgentJRegistrar, but otherwise the Paying AgentJRegistrar shall keep the Registration Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity. (b) The City hereby further appoints the Paying AgentJRegistrar to act as the paying agent for paying the principal of and interest on the Certificates. The Paying AgentJRegistrar shall keep prQperrecords of all payments made by the City and the Paying Agent/Registrar with respect to the Certificates, and of all conversions, exchanges and replacements of such Certificates, as provided in the Ordinance. (c) The execution and delivery of a Paying Agent/Registrar Agreement, specifying the duties and responsibilities of the City and the Paying AgentJRegistrar, is hereby approved with such changes as may be approved by the Mayor of the City, and the Mayor and Secretary of the City are hereby authorized to execute such agreement. R:ISANMARICO.99\DOCSIORDNCFN.WPD 12