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redeem such Bonds and the Paying Agent/Registrar shall give notihe manner in which the <br />notice of redemption was given, to the effect that the Bonds havt been redeemed. <br />(c) Effect of Redemption. Notice of redemption having been given as provided in this <br />Section, the Bonds called for redemption shall become due and pable on the date fixed for <br />redemption and, unless the City defaults in the payment of the principal thereof or accrued interest <br />thereon, such Bonds thereof shall cease to bear interest from an after the date fixed for redemption, <br />whether or not such Bond is presented and surrendered for paymenhe Bonds <br />thereof called for redemption are not so paid upon presentation nd surrender thereof for redemption, <br />such Bonds thereof shall continue to bear interest at the rate stated on the Bond until paid or until due <br />provision is made for the payment of same. <br />(d) Conditional Notice of Redemption. With respect to any optinal redemption of the <br />Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met and <br />moneys sufficient to pay the principal of the premium, if any, anterest on the Bonds to be <br />redeemed shall have been received by the Paying Agent prior to the giving of such notice of <br />redemption, such notice shall sate that said redemption may, at e option of the City, be conditional <br />upon the satisfaction of such prerequisites and receipt of such moneys by the Paying Agent/Registrar <br />on or prior to the date fixed for such redemption, or upon any pt forth in such notice <br />of redemption. If a conditional notice of redemption is given ad such prerequisites to the redemption <br />and sufficient moneys are not received, such notice shall be of no force and effect, the City shall not <br />redeem such Bonds and the Paying Agent/Registrar shall give notin the manner in which the <br />notice of redemption was given, to the effect that the Bonds havt been redeemed. <br /> (a) Registration, Transfer, <br />Section 6. CHARACTERISTICS OF THE BONDS. <br />Conversion and Exchange; Authentication. The City shall keep or cause to be kept at Regions Bank, <br />Houston, Texas (the "Paying Agent/Registrar") books or records for the registration of the transfer, <br />conversion and exchange of the Bonds (the "Register"), and the Cpoints the Paying <br />Agent/Registrar as its registrar and transfer agent to keep suchnd make such <br />registrations of transfers, conversions and exchanges under such reasonable regulations as the City <br />and Paying Agent/Registrar may prescribe; and the Paying Agent/Rhall make such <br />registrations, transfers, conversions and exchanges as herein provided within three days of <br />presentation in due and proper form. The Paying Agent/Registrarll obtain and record in the <br />Register the address of the Registered Owner of each Bond to whiayments with respect to the <br />Bond shall be mailed, as herein provided; but it shall be the duty of each Registered Owner to notify <br />the Paying Agent/Registrar in writing of the address to which paall be mailed, and such <br />interest payments shall not be mailed unless such notice has been given. The City shall have the right <br />to inspect the Register during regular business hours of the Payng Agent/Registrar, but otherwise <br />the Paying Agent/Registrar shall keep the Register confidential less otherwise required by law, <br />shall not permit their inspection by any other entity. The Payint/Registrar shall make a copy <br />of the Register available in the State of Texas. The City shall Paying Agent/Registrar's <br />standard or customary fees and charges for making such registratr, conversion, exchange <br />and delivery of a substitute Bond. Registration of assignments,fers, conversions and exchanges <br />5 <br />San Marcos GORB 2012 - Delegated: Ordinance <br /> <br />