HomeMy WebLinkAbout0043_0041due,. anu tiil pay the fees and charges of the Paying
Agent/Registrar for services. with respect to the transfer of
registration .of Bonds, and with respect to the conversion, and.
exchange of Bonds solely to the extent above provided in this
Ordinance.
(g) Substitute_ Paying Agent R_tjistrar. The Issuer
covenants with the registered owners,, of the Bonds that at all
times while the Bonds are -outstanding the Issuer will provide a
competent and legally- qualified'bank,'trust company, financial
institution,°or'other agency to act as and perform the servicer
of Paying Agent/Registrar for the Solids under, this Ordinance,
and that the Paying Agent/Registrar will be one entity.. The
Issuer 'reserves the right to, and may, at. its option, change
the Paying Agent/Registrar upon not, less than 120 days written
notice to the Paying Agent/Registrar,.to be effective not later
than 60 days prior to the next principal• or interest payment
date after such notice. .,In the event that the entity, at any,
time acting as Paying Agent/Registrar (or its successor by
merger, acquisition, or other method) should resign or other-
wise cease to act- as such, the Issuer covenants that promptly
it wild. appoint a competent and legally qualified bank, trust
company, financial, institution, or other agency`to; act, as
Paying Agent/Registrar under, this Ordinance. Upon any change,
in the Paying Agent/Registrar, the previous Paying Agent/Regis-.
trar promptly shall transfer and deliver the Registration BooXes
(or a copy -thereof);, alone with all other pertinent books and
records relating: to the 'Bonds, to the new Paying Agent/Re.gis
tray designated and appointed by the Issuer. Upon any chance
in.the Paying A.gent/Registrar;',the Issuer promptly will,cause a
written notice thereof to, be- sent by the new Paying
Agent/Registrar- to each 'registered owner of the. Bonds, by
United States Mail, first-class postage prepaid, which notice
also shall give the address of the new Paying Agent -/Registrar:
By accepting the position and performing as such, -'each Paying:
Agent/Registrar shall be deemed to have agreed to the provi-
signs of this Crdinance, and a certified copy of this Ordinancer
shall be delivered to each Paying Agent/Registrar.
Section 7.w FORM OF SUBSTITUTE, BONDS,, The form' of.. all
Bonds issued in conversion and exchange or• replacement of any,
other Bond or portion thereof,. including the form 'o£ Paying
Agent/Registrar's Certificate to be printed on each 'of such
Bands, and the Form of Assignment to be printed on each of the .
Bonds, shall be, respectively, substantially as follows, with
such appropriate variations, omissions, or .insertions as are
permitted or required by this Ordinance
FORM OF SUBSTITUTE BOND
NO. PRINCIPAL
AMOUNT
UNITED STATP'S OF AMERICA
STATE OE TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN, TEXAS
GENERAL OBLIGATION BOND
SERIES 1984
INTEREST RATE MATURITY DATE CUSIP NO.
ON THE MATURITY DATE specified above, 'THE CITY OF GEORGE-
TOWN, in Williamson County (the "Issuer"), being a political:
subdivision of the State of Texas, hereby promises to pay to
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