Ord 1993-038 - Laserfiche WebLink

Home Browse Search

130M same authorized representative of the Paying Agent/Registrar sign the Certificate of Paying Agent/Registrar on all of the Bonds. In lieu of the executed Certificate of Paying Agent/Registrar described above, the Initial Bond delivered on the Closing Date shall have attached thereto the Comptroller's Registration Certificate substantially in the form provided in this Ordinance, manually executed by the Comptroller of Public Accounts of the State of Texas or by his duly authorized agent, which certificate shall be evidence that the Initial Bond has been duly approved by the Attorney General of the State of Texas and that it is a valid and binding obligation of the City, and has been registered by the Comptroller. (d) On the Closing Date, one Initial Bond representing the entire principal amount of the Bonds, payable in stated installments to the Purchaser or its designee, executed by manual or facsimile signature of the Mayo r and Ci ty Secretary of the Ci ty, approved by the Attorney General of Texas, and registered and manually signed by the Comptrol1er of Public Accounts of the State of Texas, will be delivered to the Purchaser or its designee. Upon payment for the Initial Bond, the Paying Agent/Registrar shall cancel the Initial Bond and exchange therefor registered definitive Bonds of like kind, in integral multiples of $5,000, each definitive Bond having a single, specified maturity date, principal amount and interest rate, all in accordance with instructions received from the Purchaser or its designee and this Ordinance. It shal1 be.. the duty of the Purchaser or its designee to furnish to the Paying Agent/Registrar, at least five business days prior to the Closing Date, written instructions on forms which the Purchaser or its designee must request of and obtain from, and which shal1 be provided by, the Paying Agent/Registrar, designating the names in which such definitive Bonds are to be registered, the addresses of the Owners, the respective maturity dates, interest rates and denominations. If such written instructions are not received within the specified time period, the cancellation of the Initial Bond and delivery of definitive Bonds in exchange therefor may be delayed until such instructions are received. , Section 3.05. Ownership. (a) The City, the Paying Agent/Registrar and any other person may treat the person in whose name any Bond is registered as the absolute owner of such Bond for the purpose of making and receiving payment of the principal thereof and premium, if any, thereon, for the further purpose of making and receiving payment of the interest thereon (subject to the provisions herein that interest is to be paid to the person in whose name the Bond is registered on the Record Date), and for all other purposes, whether or not such Bond is overdue, and neither the Ci ty nor the Paying Agent/Registrar shall be bound by any notice or knowledge to the contrary. (b) AIl payments made to the person deemed to be the Owner of any Bond in accordance with this Section shall be valid and 4588f -9-