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Ord 1991-021
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Ord 1991-021
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Last modified
7/17/2007 1:45:46 PM
Creation date
7/17/2007 1:45:46 PM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
1991-21
Date
5/20/1991
Volume Book
102
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<br /> I HEREBY CERTIFY THAT there is on file and of record in my <br /> office a certificate to the effect that the Attorney General of the <br /> state of Texas has approved this Bond, and that this Bond has been <br /> registered this day by me. <br /> WITNESS MY SIGNATURE AND SEAL OF OFFICE this . <br /> <br /> Comptroller of Public Accounts <br /> of the State of Texas <br /> [SEAL] <br /> Section 6.03. CUSIP Reaistration. <br /> <br /> The Ci ty may secure identification numbers through the CUSIP <br /> Service Bureau Division of Standard & Poor's Corporation, New York, <br /> New York, and may authorize the printing of such numbers on the face <br /> of the Bonds. It is expressly provided, howeve r, that the presence <br /> or absence of CUSIP numbers on the Bonds shall be of no significance <br /> or effect as regards the legality thereof and neither the City nor <br /> the attorneys approving said Bonds as to legality are to be held <br /> responsible for CUSIP numbers incorrectly printed on the Bonds. <br /> Section 6.04. Legal Opinion. <br /> <br /> The approving legal opinion of Hutchison Boyle Brooks & <br /> Fisher, Bond Counsel, may be printed on the back of each Bond over <br /> the certification of the City Secretary of the City, which may be <br /> executed in facsimile. <br /> Section 6.05. Municipal Bond Insurance. <br /> <br /> If municipal bond guaranty insurance is obtained by the <br /> Purchaser, the Bonds, including the Initial Bond, may bear an <br /> appropriate legend, as provided by the insurer. <br /> ARTICLE VII <br /> FUNDS AND ACCOUNTS, INITIAL DEPOSITS <br /> AND APPLICATION OF MONEY <br /> Section 7.01. Special Funds; Use of Surplus Funds. The City <br /> covenants, agrees and confirms that so long as any of the <br /> Outstanding Bonds, Bonds or Additional Bonds are outstanding, it <br /> will maintain in a bank which is a member of the Federal Deposit <br /> Insurance Corporation, the special account established pursuant to <br /> the Ordinance authorizing the Outstanding Bonds known as the "Water <br /> and Sewer System Revenue Fund", into which Fund shall be deposited <br /> as received all income and revenue arising from the operation or <br /> ownership of the combined waterworks and sewer system, and shall be <br /> 4l72f <br /> -22- <br />
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