Ord 2012-014 - Laserfiche WebLink

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of Bonds shall be made in the manner provided and with the effect stated in the FORM OF BOND set forth in this Ordinance. Each substitute Bond shall bear a letter and/or number to distinguish it from each other Bond. Except as provided in subsection (c) hereof, an authorized reprentative of the Paying Agent/Registrar shall, before the delivery of any such Bond, date and manually sign the Bond, and no such Bond shall be deemed to be issued or outstanding unless nd is so executed. The Paying Agent/Registrar promptly shall cancel all paid Bonds and Bonds surrendered for conversion and exchange. No additional ordinances, orders, or resolutions d be passed or adopted by the City Council or any other body or person so as to accomplish the foresion and exchange of any Bond or portion thereof, and the Paying Agent/Registrar shall provide for the printing, execution, and delivery of the substitute Bond in the manner prescribed heronds shall be typewritten, photocopied, printed, lithographed, engraved or produced in any other similar manner, all as determined by the officers executing such bond as evidenced by their execution thereof. Pursuant to Chapter 1201, Texas Government Code, as amended, andrticularly Subchapter D thereof, the duty of conversion and exchange of Bonds as aforesaby imposed upon the Paying Agent/Registrar, and, upon the execution of the Bonds, thonverted and exchanged Bond shall be valid, incontestable, and enforceable in the same manneame effect as the Bond which initially was issued and delivered pursuant to this Ordinaed by the Attorney General, and registered by the Comptroller of Public Accounts. (b) Payment of Principal and Interest. The City hereby furthere Paying Agent/Registrar to act as the paying agent for paying the princind interest on the Bond, all as provided in this Ordinance and in the Pricing Certificate. The Registrar shall keep proper records of all payments made by the City and the Paying Agent/Registrar with respect to the Bond, and of all conversions and exchanges of Bonds, and all repents of Bonds, as provided in this Ordinance. However, in the event of a nonpayment of intst on a scheduled payment date, and for thirty (30) days thereafter, a new record date for such st payment (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (which shall be 15 days af the Special Record Date) shall be sent at least five (5) Business Days prior to the Special Record by United States mail, first-class postage prepaid, to the address of each Registered Owner appearing on the Register at the close of business on the last Business Day next preceding the date of maiuch notice. (c) In General. The Bonds (i) shall be issued in fully registeorm, without interest coupons, with the principal of and interest on such Bonds to be y to the Registered Owner, (ii) may be transferred and assigned, (iii) may be convered and exchanged for another Bond, (iv) shall have the characteristics, (v) shall be signed, sealed, executed and authenticated, (vi) shall be payable as to principal and interest and (vii) shall be admind and the Paying Agent/Registrar and the City shall have certain duties and responsibilities withct to the Bonds, all as provided, and in the manner and to the effect as required or indicated, ine Pricing Certificate and the FORM OF BONDS set forth in this Ordinance. The Bond initially issued and delivered pursuant to this 6 San Marcos GORB 2012 - Delegated: Ordinance