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<br /> lrg/< <br /> (e) If a date for the payment of the principal of or interest on the Bonds is a Saturday, <br /> Sunday, legal holiday, or a day on which banking institutions in the city in which the Designated <br /> Payment/Transfer Office is located are authorized by law or executive order to close, then the date <br /> for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday, or <br /> day on which such banking institutions are authorized to close; and payment on such date shall have <br /> the same force and effect as if made on the original date payment was due. <br /> Section 3.04, Execution and Initial Registration. <br /> - (a) The Bonds shall be executed on behalf of the City by the Mayor and City Secretary <br /> ofthe City, by their manual or facsimile signatures, and the official seal of the City shall be impressed. <br /> or placed in facsimile thereon. Such facsimile signatures on the Bonds shall have the same effect as <br /> if each of the Bonds had been signed manually and in person by each of said officers, and such <br /> facsimile seal on the Bonds shall have the same effect as if the official seal of the City had been <br /> manually impressed upon each of the Bonds. <br /> (b) In the event that any officer of the City whose manual or facsimile signature appears <br /> on the Bonds ceases to be such officer before the authentication of such Bonds or before the delivery <br /> thereof, such manual or facsimile signature nevertheless shall be valid and sufficient for all purposes <br /> as if such officer had remained in such office. <br /> (c) Except as provided below, no Bond shall be valid or obligatory for any purpose or be <br /> entitled to any security or benefit of this Ordinance unless and until there appears thereon the <br /> Certificate of Paying Agent/Registrar substantially in the form provided in this Ordinance, duly <br /> authenticated by manual execution of the Paying Agent/Registrar. It shall not be required that the <br /> same authorized representative of the Paying Agent/Registrar sign the Certificate of Paying <br /> Agent/Registrar on all of the Bonds. In lieu of the executed Certificate of Paying Agent/Registrar <br /> described above, the Initial Bond delivered on the Closing Date shall have attached thereto the <br /> Comptroller's Registration Certificate substantially in the form provided in this Ordinance, manually <br /> executed by the Comptroller of Public Accounts of the State of Texas or by his duly authorized agent, <br /> r which certificate shall be evidence that the Initial Bond has been duly approved by the Attorney <br /> I General of the State of Texas and that it is a valid and binding obligation of the City, and has been <br /> registered by the Comptroller. <br /> (d) On the Closing Date, one Initial Bond representing the entire principal amount of the <br /> Bonds, payable in stated installments to the Purchaser or its designee, executed by manual or facsimile <br /> signature of the Mayor and City Secretary of the City, approved by the Attorney General of Texas, <br /> and registered and manually signed by the Comptroller of Public Accounts of the State of Texas, will <br /> be delivered to the Purchaser or its designee, Upon payment for the Initial Bond, the Paying <br /> Agent/Registrar shall cancel the Initial Bond and deliver to DTC on behalf of the Purchaser one <br /> registered definitive Rond for each year of maturity of the Bonds, in the aggregate principal amount <br /> of all of the Bonds for such maturity, registered in the name of Cede & Co., as nominee of DTc. To <br /> the extent that the Paying Agent/Registrar is eligible to participate in DTC's FAST System, as <br /> ~. 3"-"",,",,,"".""."'" DO<;S"ORD""CE.F>l 7 <br />