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Home My WebLink AboutOrdinance 10950~- ~, z ~ x tom,. .~. ~,. k... ,.~»,.:.~ ,~ ~. ~. SR.ryi~.~- . ~. p.yT~ 3.'S`MTN:~~ ~iwi:YN ...-.p".. 3 .cam - ~'R' .. ~°.'7:P"u~~. ~ K.~:'q~ v"S. """" t~C'~A""."°'°~:...~6":;0~^' %~W ~'S~SYCi'AC.Fr~#~Y.s~ 'n w' E13"' " ~~ „c. b.~erix '~ a...zW....~~ '~-~r:~t""nt.~;.a~.ma'".1,~ .~ s~c..~r..arin :9'+a~ x€st-~~ a[t~sra. ~-~~~.~s..ia.+ _,. _e ,,,.,- ._ .... ,, .. - ~ _ ,._"~ _ ~'"` '°` ORDINANCE'*`NO:' 10950.: ~" BYa-THE" CITY=- COUNCIL OED THE CITY OF'_ FORT WORTH., TEXAS.., PROVIDING FOR THE._ISSUANCE OF $13,425,000 CITY ~~ OF--"FORT'" WORTH; i TEXASw COMBINATION~~-TAX~3 AND REVENUE~,'CERTIFICATES OFD`"OBLIGATION;,kr SERIES 1991; PROVIDING"'"FOR°~THE-==LEVY, A$$ESSMENT"`=AND COLLECTION' OF_ A TAX SUFFICIENT TO PAY THE INTEREST ON SAID CERTIFICATES OF OBLIGATION AND TO'"CREATE~`A SINKING FUND FORT THE REDEMPTI"ON THEREOF ATy` MATURITY-; PLEDGING CERTAIN SURPLUS REVENUES- IN SUPPORT OF" SAIDr CERTIFICATES; PRESCRIBING THE FORM OF SAID CERTIFICATES ~OF OBLIGATION; AND ORDAINING OTHER MATTERS RELATING TO THE SUBJECT ~:~~ : ti +. ~ E ~iY ~~~~ Fi% ~ SRfg;" ~ 5Yw ~ _ :., WHEREAS, on the 8th day of October, 1991, the City "'~~-' .~..r Council of the City of Fort Worth. (the "City" or the "Issuer")„~. <v-,~; passed an ordinance authorizing and directing notice of its=~.= ` intention to issue the Certificates of Obligation herein°- authorized to be issued, to be published in a newspaper as required by Section 271.049 of the Texas Local Government Code; and WHEREAS, said notice was published in the Fort Worth Star-Telegram, as required by said Section 271.049 of the Texas Local Government Code on October 11, 1991 and October 18, 1991; and WHEREAS, no petition,- signed by 5$ of the qualified electors of said City as permitted by said Section 271.049 of the Texas Local Government Code protesting the issuance of such Certificates of Obligation, has been filed; and WHEREAS, the Certificates of Obligation hereinafter authorized are to be issued and delivered pursuant to Subchapter C of Chapter 271 of the Texas Local Government Code; ~W~sTwT ~CF1G'~" '1. 1'°.'X}w.R - "GifA iii' ~,8' ~j$ C.S. "7P a.. 4F Y°,f' ?9' u'.rtn~~ K ,~$5'jfi „~ ~~•~'. E-'&&S'°-ii~^] ~Y' .?cwyFF ar~f af'2ab.F h6iA%$S~,P+f'M.3nr'~rAA 0.0[# v lkk.W. v.,..worki{f:~'-.I,yµ„yy^ f~ + ._.-`,d^ `Mik 1'. T~~.Y' $ •""Y'"" '.d `+~,.'~ x ~Y is i .d+ 3 1^'..K~rii+~Sar.-~Y'W' .G.:z~1104 ~vYM .C,'+a '~ ~. .E;. v! N[X~'L ~tle 1.. ~xj_ ~A~ BE .IT°" ORDAINED BY~~ THE CITY ° COUNCIL...OF~-THE.. CITY OF. FORT` ~ ,,-~, ` Y , ~^L;Y.~`,.. .~~ k-~ yY~..~.~^r'..~ WORTH, TEXAS: ~:µ.. t:~; . ; .; ~ ,~~~M . Section ..1..~ AU-.THORLZATION OF~'CERTIFICATES OF OBLIGATIONi:dw := ~~~ r That~aaid.CCity'sP.Certificates~of:~Obligation, to._.be designatedsx ` ~- ~- the "City of. Fort Worth, Texas Combination Tax and Revenue= ~~~'4 ~~ ~:, ~ ~ Certificates of Obli ation Series 1991" g are hereby author-- k ~a F ~, ized to be. issued and delivered in the principal amount of~-` ,x.: .: }. ~~+;~:g°' $13, 425, 000 for the pur ose of p providing part of the funds for'° '"n's:~i ~ tT ` paying contractual obligations to be incurred for the- _~« construction of a_ City central dispatch facility, the~~ r acquisition of equipment, including, but not limited to, a city-wide two-way radio communications system, related to the operation of said dispatch facility, and the payment of the engineering, legal and fiscal services related thereto. Section 2. DATE, DENOMINATIONS, NUMBERS AND MATURITIES. That said Certificates of Obligation shall initially be issued, sold and delivered hereunder as fully registered certificates, without interest coupons, dated November 1, 1991, in the respective denominations and principal amounts hereinafter stated, numbered consecutively from R-1 upward, payable to the respective initial registered owners thereof, or to the registered assignee or assignees of said certificates or any portion or portions thereof (in each case, the "Registered Owner"), and said Certificates of Obligation shall mature and be payable on June 1 in each of the years and in the principal amounts as follows: ~.« ..~• 'p"~~ ."'2%. X1Cf ~ Y ..Ttl: ..ro;~:.~c.1,'~4Y"CC'~FtYXY.'s °.- ~~T~-'~ ~"JS.Y`!'. u&"7r„'tl - ~ , ~ -• - ~ - ~ ..-.~ c. .`s~ea3ww .iwu• T.egons ^~ Y .... 1 5: 'Z - ~yY,3..p..,e~~. .-- ~apv`m'. ' h PRINCIPAL. ~-. ,~,~.~.~ w'S~"'Txiai YEAR ~ ~ ~~{~~'~'" AMOUNT _ ~~.~.= , ,,., s,~~ ~+. 1993 $1'°, 150. 000 ~ `~~~~~ da 19.9 4...__, ., - ~ 1.; 0 9 0 , 0.0.0 ~-~< ~ -=.,.~~ ., - 1995 1, 145, 000 .`- ,~ ~`,~'~ ~~ -- --- -- r~.~ _ 1996. -° _~ r ` 1;'205;"000 ~ rF<. .~ 1997 _'"'~ ~ .~;,~"3 1, 275, 000 >y A , 1998 1; 345, 000 ~` ~.~ ~x 1, 4 2 5, 0 0 0 ~~ai., : x ~,~. ,,~ q, 2000 1,.505, 000 ~.. "~ ~., 2 001 ~~:;: ,~t~~ ~~~:} 1, 595, 000 ~ ~,~. 2002 1, 690, 000 - `~~ ~~ F ~ , _,~,~~.~,, ,::N The term "Certificates" as used in this Ordinance shall mean ~ a~ ~.~~ .3 ~ "~x 3 and include collectively the Certificates of Obligation ,~.-;~~~F~'~`, :.~ initiall issued and delivered ~``'~`~ ~,k,-~'q~ Y pursuant-to this Ordinance and°: ~,~; .,..::,,,~.,:.M. all substitute Certificates of Obligation exchanged therefor; as well as all other substitute Certificates of Obligation and replacement Certificates of Obligation issued pursuant hereto, and the term "Certificate" shall mean any of the Certificates. Section 3. REDEMPTION. (a) That the City reserves the right to redeem the Certificates of Obligation maturing on and after June 1, 2000, in whole or in part, on June 1, 1999, and on any date thereafter, for the principal amount thereof plus accrued interest to the date fixed for redemption. The years of maturity of the Certificates called for redemption at the I option of the City prior to stated maturity shall be selected by the City. The Certificates or portions thereof redeemed within a maturity shall be selected by lot or other method by the Paying Agent/Registrar (hereinafter defined). (b) At least 30 days prior to the date fixed for any such redemption, the City shall cause (i) a written notice of -3- ~. .w;_ ;"'' ,.. ,,._.. ~..~......w.,,.... .. ,...~ _ -~~~~ ._._ _~~ ~ fem. .,,,:,,., ,~:., ,. ,. z.. . .cA'F, ~:npFifi~.~}Fd~.'~fJrnnrwm!&ai'mlCrs~wv+.3riPx&55caa.vKM~e'l ~Z+r+'OS~tr-'d~&MfI:7iaa'.s~.~L~°,~1+2+r=Fi~&~ +r~j: ~ygsar~~N,kESe. • _ m .Y....r.,=. ~;, a~ ss~ar^mu~ F.y.~ ax..~~ar.ess, a ,-s..e...ra..a:.„~.,..., - _ such redemption to-=:be depos.ted~~in the United States mail:; postage-prepaid, addressed to each registered owner at his address,.shown. on.=the_.Registrati.on,~Books;~ (hereinafter defined - ~_ of..- the Pa in A ent- Re istrar° and ~'~`~"~ y.~ g g . / g ~ (ii) notice: of~: such redemption to be published one (1) time. in a financial journal` o-r publication of general circulation in the United States~-~of~~,;, „ ~`~ America carrying as a regular. feature notices of municipal. ~ ~~~-- ~.,~ bonds called for redemption; provided, however, that the ~ .p failure to send, mail, or receive such notice described in (i) ~' above, or any defect therein or in the sending or mailing-:~= -A,:..-i~ :~.,~ thereof, shall not affect the validity or effectiveness of_the-:.~ proceedings for the redemption of any Certificate, and it is hereby specifically provided that the publication of notice described in (ii) above shall be the only notice actually required in connection with or as a prerequisite to the redemption of any Certificates. By the date fixed for any such redemption, due provision shall be made with the Paying Agent/Registrar for the payment of the required redemption price for the Certificates or the portions thereof which are to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If the notice of redemption is given, and if due provision for such payment is made, all as provided above, the Certificates or the portions thereof which are to be so redeemed thereby automatically shall be redeemed prior to their scheduled maturities, and shall not bear interest after the date fixed for redemption, and shall not be regarded -4- .~,_. -~,~rra, -w ~e t :a~~. `^w-'~"'~-`v.¢.*a~r- ~"~~ '.~="~7 «.w,S~'~e ~w an -- _ M ,•.~.~{:,, 3'u~~t.._._ as.. - ~-^s r ..a.e~ TSkr'A+~.~tASY'dFS~',dF:kUG~dSA!-3i"A^.l'.~'fAAS~lAd4fif'. S+T~~»trF'3"SSSMF`.4.*F"C aC9T:'4""~>''"•Q'-,y` '~v^"~^"'.~ •Pj, y7:Lc5lif•~P.~F'~T,'S.Xh~:'esa~'7~fihicT.C ~•..R'S.~,. `q{~g~''• ~cvxh y r S'~*. 4 .utt{s ~s4.Ps. ..s ~ ~~„-'x"°' ~:... ~+~=_~~ns',..~r-.~~6~^ ~~9~~ .~.~a, _ y~R~# m: ~ sr*n, ,,,. ,~, ~ ~P'b's` fi T ~.> owaiMEwa~ r,M~,. rr+''' ~. as ,being outstanding except ~~for~, the MrightW of.._the -=regstered~~ ~ ~- owner to4..receive thee.redemption...pr:ice,,plus~_accrued_ninterest;to~ ~~ ~'`~, ~ ~~,: ~~.~ ~~ the =date: ~f ixed.__for redemption from they Pay.ing~~ Agent/Registrar a out of:::ahe~:funds...provided._for.~such.:.payment. r _ "~`,: ~~~ ~, ~~~,~.. Section 4. INTEREST. The... Certificates scheduled ~ tom ' =y'~~ ,... ~ffi,`... mature during the years, respectively, set forth below shal.h~,: ~,,;,~,,~ ,~~~ ~; Y , .-~,, bear interest at the -following rates per annum: ~=" ~„~~ s • -: ,,s maturities 1993, $ ~ ~ " ti`"`~'~: maturities 1994 , $ .#~",Y ~'. ~. >. maturities 1995, $ :.~~,v,.. maturities 1996, ; ~''`` maturities 1997, $ ; ' ,£~T^~, maturities 1998,. $ ~~ ~ ~~~ maturities 1999, $ maturities 2000, $ maturities 2001, $ maturities 2002, $ Said interest shall be payable to the registered owner of any such Certificate in the manner provided and on the dates stated in the FORM OF CERTIFICATE set forth in this Ordinance. Section 5. CHARACTERISTICS OF THE CERTIFICATES. (a) The Issuer shall keep or cause to be kept at the principal corporate trust office of Ameritrust Texas National Association, or such other bank, trust company, financial institution, or other agency named in accordance with the provisions of (g) below (the "Paying Agent/Registrar") books or records for the registration and transfer of the Certificates (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make such transfers and registrations under such reasonable regulations -5- mod` s...a.:,..+,::.a.~.,I.~~,sta~r ~~.--x~ ,ux'"'~`.a~ ~~ .~s-~c x ~c- -~ x" .,rte t~ ».wwa ~ .~z5a;~x..r~- .a.,qa..~ a~ese"~ssn~ o~euxyw„a..rr,.e~aa s ~ 's `" _ r ~yF ~s2..ol Sk~RV :.:. . _.:. ,,. ~_ ..~ +~~ .~i w.r~ "~Yn.Si.. kC ~ 'Tki3 "K 6R. L74}- 1K$N..t K ~ ~ .F' y r ~t as:=the__ Issuer and:~Paying~:Agent/Registrar~~-may prescribe; and ,~ ` '~" _ , _ thew Paying , Agent/Regi-strar__ shal.l_ make such transfers and ~4 .. ~ .,.~ registrations as.~:her_ein provided.. It~shall .be the duty of. the , . ..,.,; Y~:~ .~ Paying~Agent/Registrar~~tor:obtain°~from~the registered ownerwand•~ "' ; '~ F r: record in the Re istratio B k ~,d.1 ~ ~~t~ g n oo s the address of the registered:}< ~~ ~• , `~~:y owner_.of each Certificate to which payments with-respect--to ~ Yes ~;,,. the Certificates shall be mailed, as herein provided. The ~ ' ,~~--'- Issuer or, its designee shall have the right to inspect the i~'x.~~`Y.. ~,. Registration Books during regular business hours of the Paying ~YY Agent/Registrar, but. otherwise the. Paying Agent/Registrar~~~ -° shall keep the Registration Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity. Registration of each Certificate may be transferred in the Registration Books only upon presentation and surrender thereof to the Paying Agent/Registrar for transfer of registration and cancellation, together with proper written instruments of assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing the assignment of such . Certificate, or any portion thereof in any integral multiple of $5,000, to the assignee or assignees thereof, and the right of such assignee or assignees to have such Certificate or any such portion thereof registered in the name of such assignee or assignees. Upon the assignment and transfer of any Certificate or any portion thereof, a new substitute -6- .+. :.. „.+~rm._ W'd~ Y.N«. ~, K.__.. Aa .. Y:r~ uv.iC3vR..tc;~t. _-AG2FSws1'X.;!lS...: ~*^^5... . ra'RMK'A4°.?.+. :~'yTp,~~^ r.n .. . _.... ._ , .... _~ .r certif cafe- orr° certificates . shall bey issued. in-~°~ exchange =°~ `~ therefor- in-the. manner herein provided. _. _ --Y-.-- (b) The entity in°~whose name~~ any ~ Certificate shal registered in the Registration- Books at°~- any time ~~•shal treated as the absolute. owner~thereofY for. all purposes of this. -_~`' a y3. Ordinance, whether or not~°-such certificate shall.be overdue-•r --=:~, and. the City and the Paying Agent/Registrar- shall not- b'e4~+ affected by any notice to the contrary; and payment of, or~°orr•° account of, the principal of, premium, if any, and-interest on~ any such certificate shall be made only to such registered~`~~~ owner. All such payments shall be valid and effectual.. to°~ satisfy and discharge the liability upon such certificate to the extent of the sum or sums so paid. (c) The City hereby further appoints the Paying Agent/Registrar to act as the paying agent for paying the principal of and interest on the Certificates, and to act as its agent to exchange or replace Certificates, all as provided in this Ordinance. The Paying Agent/Registrar shall keep proper records of all payments made by the City and the Paying Agent/Registrar with respect to the Certificates, and of all exchanges thereof, and all replacements thereof, as provided in this Ordinance. (d) Each Certificate may be exchanged for fully registered certificates in the manner set forth herein. Each Certificate issued and delivered pursuant to this Ordinance, to the extent of the unredeemed principal amount thereof, may, -7- ._ _._ t .„_ s r• _ ~, _ - .axar.:.r K .. asr ~+•+eaia~a~rn.+~..,cex~vx. r~ ~_. ~w..y . ~. ~ .. ~ w ~ ~r~~u~.~_ ~~-ua~,~.~-~ ' s ~ • .a..~+` _ .~w.K ~ ..a~,a....s..,uw~.,c. ,.r _+,o,. xm~s<,q ,.wt~ ,~..~wrw. w.a,_t ~+,.._. rs a -^asM~+..arm.».,.,a~aaa.sx~a,.f...q„~.-., .a..'~.zat~»,~ ~.... _._.._ ... qO.- Y -d. ..... V- .... l -+t '~...••.. "f ~:•"t" a d .r y _ .w"a~'v<6,.. upon •sur_render.. thereof-at ~the•~principal~_corporate =trust°~off.°ce~* _, "`~~-~ nk .. ,.. of the;-Paying Agent/Registrar:; together with_.a .written request _a.;, ;~~~ ~;~, __ . - therefor--duly execut"ed~-by the.~registered owner-oryahe~assignee~~~~~: or:~ assignees thereof, or.~ its°~: ors their~° duly ~~authorzed~ F p" ~ , attorneys or.~. representatives,. with guarantee of :'.signatures 4> '~ ~.,t_~,,„~ satisfactory to the., Paying- AgentyRegistrar~ at-~the options of~ ~ ~~ <. k. ' R~ l~. _4~ the registered owner or- such •assignee or assignees, as appro=--~ -`~~.~=:~~ priate, be exchanged for fully registered certificates, '''=-'"~ without interest coupons, in the form prescribed in the FORM_~ OF CERTIFICATE set .forth in-this Ordinance, in~the denomina--~-• ~N"~ .~;~s:~.,,~. ~; ; tion of $5,000, or-any integral multiple of $5,000 (subject to.:~ the requirement hereinafter stated that each substitute certificate shall have a single stated maturity date), as re- quested in writing by such registered owner or such assignee or assignees, in an aggregate principal amount equal to the unredeemed principal amount of any Certificate or Certificates so surrendered, and payable to the appropriate registered owner, assignee, or assignees, as the case may be. If a portion of any Certificate shall be redeemed prior to its scheduled maturity as provided herein, a substitute certificate or certificates having the same maturity date, bearing interest at the same rate, in the denomination or denominations of any integral multiple of $5,000 at the request of the registered owner, and in an aggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner upon surrender thereof for -8- _-,~.. ~~:,~. J ~r+ta - .-, ~~°°sY~SWY~ta;4C~ rlll§e_`ua' ^.r' 'FS ~ $ ~E°:c2.+""c a'~f~F""}lve ~%~. °~.~. ..w SRC .~... ,~',ay~,ss. ~•"'G.,a~~'a"..~~'^`7~~~rsi--a ...... _ ., x+,-'`~--":~.'~°` .•::~ ^~sc~ry'-e~t~ a~xae.~~.?~a'„rr~rc~- ~as~'ssa'r sa+ ..y.y °5" !Wi ~` '3a 't -• iu4-' R ~. „"ai +R r.,~4 [ y~ _ ,~n.MC~~IA~ cancellation: ~ Ifs` any~•~ Certificate- or.~ port°ionY~~ thereofR~"'i _.T:,~ assigned; and transferred, each:~Tcerti.ficate~.issued in.-exchang therefor~~shall~have,~the~ ameM;principal~ maturty~date ;and~~bea interest~at~.the same~rate~-as_the~~certificate-for--which its being exchanged. Each substitute_._certificate shall beam° letter: and/or number to= distinguish it:~from each other ~~~°~ ^^ Y.•^ certificate. The Paying Agent/Registrar- shall exchange- or:~~. :~,~ . replace Certificates as provided herein, and each fullye~i registered certificate or certificates delivered in exchange~ for or replacement of any Certificate or portion. thereof as:: permitted or required by any provision of this Ordinance shal.l_ constitute one of the Certificates for all purposes of this Ordinance, and may again be exchanged or replaced. It is specifically provided, however, that any Certificate delivered in exchange for or replacement of another Certificate prior to the first scheduled interest payment date on the Certificates (as stated on the face thereof) shall be dated the same date as such Certificate, but each substitute certificate so delivered on or after such first scheduled interest payment- date shall be dated as of the interest payment date preceding the date on which such substitute certificate is delivered, unless such substitute certificate is delivered on an interest payment date, in which case it shall be dated as of such date of delivery; provided, however, that if at the time of delivery of any substitute certificate the interest on the certificate for which it is being exchanged has not been paid,. . ,.~~, ~:~~tt r.~~:,.. s~- - i~ r:~ -:rxk; `~~.... -9- t ..ex.+ -[--~r C7A3ut:a°`~..n3"' .Sa Atz~ a --tt^•`..39S.~tF" a rye . ;i+rar.6c~4a7~i~.o~Kw..r~ra ~r3Yr i~_,kb.& al~t~x.tbss.~ae.JS~~3ra~act+a~~,~vaze!~+ !.{..'~. - za ~r 15,. ~: .-sz« k,~ .:. _ rte,., V_ SC ~ ~ .,". ~~ '~t>?M £'2.° *4 Y. y,„ "~. ~:} ~I ~Y+i:~ ~ ~ ~ ~ ~~'P.~6 ~ ~ h iC ~. L ~ ~ .E--o~ ~ •~~~ 'NI~1'3'~i~"d~ .,~~._ then~~such-substitute$certificatew hall be>dated as of the.~date:~~ ~._ , F. to .which_ such interest_ has .been paid. in. full . On each substi-:~~ . tute::_certifcate:.issued.~:in:~::exchange for~-or replacement of_..any~~ ., ~ ~~ ertificate or Certificates issued.~.`under this Ordinance there :,° ~, M,~ ~.~; ~tre-'~- ~ -~• ~. .~~«rltza~" ti ~~,~ _ . ~~~ ~ ~~4 shall.. be printed _ thereon a.~ Paying Agent/Registrar~'s-~. ~ ~ tt.,. Authentication Certificate, in the form hereinafter set forth: : ~Y r ~~.~.:~ ~~~~~:~ . ~ in °the FORM OF CERTIFICATE set forth in this Ordinance. Ana:. ~,k,, $"~°`~f~_ authorized representative of the Paying Agent/Registrar shall , ~~. ' before the delivery of any such substitute certificate, date F such substitute certificate in the manner set forth above, ands manually sign and date such Authentication Certificate, and no such substitute certificate shall be deemed to be issued or outstanding unless such Authentication Certificate is so ex- ecuted. The Paying Agent/Registrar promptly shall cancel all Certificates surrendered for exchange or replacement. No additional ordinances, orders, or resolutions need be passed or adopted by the City Council or any other body or person so as to accomplish the foregoing exchange or replacement of any Certificates or portion thereof, and the Paying Agent/Regis- trar shall provide for the printing, execution, and delivery of the substitute certificates in the manner prescribed herein, and said certificates shall be of type composition printed on paper with lithographed or steel engraved borders of customary weight and strength. Pursuant to Article 717k-6, V.A.T.C.S., and particularly Section 6 thereof, the duty of exchange or replacement of any Certificates as aforesaid is -10- ... _ "' _ _ _ .. .M+wiumm.iwnnC Z01.YNN t,~d -r+- +tc-.n ~r .._~--- s....x:.. ~ - z:TtAzFFkB9A 4.s3+. y,F _..~ . .y~ !~ 't a' hereby imposed upon°the Paying Agent/Registrar, and, upon~the~~ r, -~~~~.:~,: .~._:~x.. -:.: execution of said Paying Agent/Registrar's Authenticat.i;on~~ ~~~:;_.~ ~.. Certificate, the exchanged or._replaced~.certif.icate >shall~be==~~ ~:.d.~_ ~.:~d valid, incontestable, andenforceable ins-the_. same- manner°~and "~: _.. ~. Y.°.:: ~: with the same effect as the.. Certificates which originally were- delivered pursuant to this Ordinance, approved by the Attorney~~' ~~'N# ~~ T General, and registered by the Comptroller of Public Accounts.~._ `""'~~"x"~ `` k.h F ~. Neither the Cit nor the Pa In A ent Re "~ y y' g g / gistrar shall bey: .+ `..:4:..: rr -' ~U.2; required (1) to issue, transfer, or exchange any certificate- .F.;x. during a period beginning at~~the opening of business 30 days v: ~~°-,- ..~:...~-,w. before the day of the first mailing of a notice of redemption of certificates and ending at the close of business on the day of such mailing, or (2) to transfer or exchange any certificate so selected for redemption in whole when such redemption is scheduled to occur within 30 calendar days. (e) All Certificates issued in exchange or replacement of any other Certificate or portion thereof, (i) shall be issued in fully registered form, without interest coupons, with the principal of and interest on such Certificates to be payable only to the registered owners thereof, (ii) may be redeemed prior to their scheduled maturities, (iii) may be transferred and assigned, (iv) may be exchanged for other Certificates, (v) shall have the characteristics, (vi) shall be signed and sealed, and (vii) the principal of and interest on the Certificates shall be payable, all as provided, and in -11- ~r arena .. .JS:^:ra,!.,,4•~Y ,+.a» ....~.q..,.n~.,.,,.., .... ~_. ,A ,._,.n.~,~.,~.~,x-... M .....~.~_. M R, .. _.... _ ,, ... .. ~ - - ... ......-- - p ....~.,- ..w ~. "'T' ~''... fat ,.-.. ~.:_ F` .. z.b ~~~.., !'K',:, _.. the. manner ~ required or-~~ indicated ~, ~ inwythe. FORM OF: CERTIF. set forth in this Ordinance. (f )" The: ~ City~~~ shall _ pay-- the•~- Paying-- Agent/Regis reasonable and customary fees.#and_charges for°making=tra a~_ .:~-~__ of Certificates, but the registered owner of any Certificates.. ~ ,ry~.,.~.°~' `~.~:~~;F.... ;. re estin such transfer shall ~ ~'~~' " qu g pay any taxes or - other ~~~ ~~-~ t ~ ~.:: governmental charges required to be paid with respect thereto ~, ,: --_ The re istered owner of an Certificates re ~~~~"~~~''~~~ ., q y questing any ~~;w~ exchange shall pay the Paying Agent/Registrar's reasonable and~~ °r..;ti;M >>.- standard or-customary fees and charges for- exchanging any such=" ..-:~:' certificate or portion thereof, together with any taxes or:,~- ~~ governmental charges required to be paid with respect thereto, all as a condition precedent to the exercise of such privilege of exchange, except, however, that in the case of the exchange of an assigned and transferred certificate or certificates or any portion or portions thereof in any integral multiple of $5,000, and in the case of the exchange of the unredeemed portion of a Certificate which has been redeemed in part prior to maturity, as provided in this Ordinance, such fees and charges will be paid by the City. In addition, the City hereby covenants with the registered owners of the Certificates that it will (i) pay the reasonable and standard or customary fees and charges of the Paying Agent/Registrar for its services with respect to the payment of the principal of and interest on Certificates, when due, and (ii) pay the fees and charges of the Paying Agent/Registrar for services -12- a~ -Jau3: m "n'~k:Y °s"'Y'i'F '~k' :- - ,'wy°"~' .t~"'tF 'vY'1~ ,.~'-'s..: w'~y'K~fi"C~~"P'~-. eG*S2S$~A'Fk ",~w~^..dIn'Y'Aa~JC "'•,Yw`~ «'F.'~'.`i` 'YO..,f=aK71~~GK. R"~d#. _ _ ~i! tiC'xP: a.. h ,Y +.fi~.N!~rEpF°'?hu~'~.'.HMSf K i,~i'RE~ .c7iaef.? diSr "41.S~i~~&3~'tAdSi~'p.FF i+an:r- .rr ~ :s-. - *. tu~+i.q?' x~.t~ ~;~`'~''. ;: _~u"~,^~,.c'~1G-:,~s~. ,~.~-.~"x',a*1 zac~ .a+-~~a.~ ..._~,.~~~,~,Xac~,...;;.,,»,,.~~sr.SS.~ ~ -~._.,,-~.~w~ ~ .~ ,x .~ , with. respect~~'ton~: he..transfer.-or~.regstrat°ion of ~Certificat~es~',' ~~.A solely~to the extents above provided,- and ~with_,:respect~ toy{=the..~~~ ~"~'~~~ w~ m ~: .e ; ~.t.,~~r.;~ n ;-~„ exchange.=mof Certi.ficates-solelyuta~-the=extent-':above~,provided~~ (g) They-City covenants with the:registered-Aowners-°of~,th~~~`"~ ~:~ ~ k n; ;'.~ '~ ~~ i Certificates that at-mall times while theme Certificates are~;,~ ~~~a ~~ ~~y ~~;~ outstanding the City will provide a y competent° and legally,A~~ ~ ~~; - ~:~- ~~,,~s-~ =- qualified bank, trust company, financial institution, or other~~" °~~~~',=-" r. ;~ agency to act as and perform the services of Paying- ti.~" Agent/Registrar for the Certificates under this Ordinance, and ~~~°"" that the Paying Agent/Registrar will be one entity. The City ~~""~~ reserves the right to, and may, at~ its option, change the Paying Agent/Registrar upon not less than 60 days written notice to the Paying Agent/Registrar. 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 otherwise cease to act as such, the City covenants that promptly it will appoint a competent and legally qualified national or state banking institution which shall be a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to exercise trust powers, subject to supervision or examination by federal or state authority, and whose qualifications substantially are similar to the previous Paying Agent/Registrar to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar, the previous Paying Agent/Registrar promptly -13- :#'N ~- -aw .c^..<^W... f.~ 'YS'sfiMaZ.bwII+.;fi'xT. ^-^'ff' -ac,". .'kd^'~+'v6~YBF"....2 ~. p ,~. `, :.? P:YS`..i+, ~ ~ ,~j '.. w.:rm4 ~R~ 8++ L-.$~!!3iPw9fl+Yrxwi'- iI..YJrae++xsid'n^++G~nRf^.u:'.rs ..wr Ma.. t16A1e~~wnc-u '+M~.a: ~r+t-C r_-. W a. ... r a- .. ,~~ i«.w. r~ ~'~ ..~~ ^Y.S,'1.. ::."~ q.'ag.'~i .. ..nr°°, .. AeV+K~49iG, ~.i,.J ?' -. - _ ~r-~H.f.'._~: yH'~~ .,~ sr.. .,. ~`.x ~....k ~sgti ~"„ ~y_ .~ ~~ ~''~K~s .r 1 r~..~G~ ~ ~, y~Pf~Y': _• shall transfer°and deliver the Registration Books (or a copy ;_:~;._ § ~. thereof), along with all other pertinent books and records_ r.~- , ,;~ relat°in to the Certificates,. to the new Pa in g Y g~ '~"'~'` ~~ n~: ' Agent/Registrar designated and appointed by the City. Upon:-° ~~.'•,~3' '1~~ ~bM , ,~~w,- :~ ~„~. ,_ ` = x: ~ any change in the Paying Agent/Registrar, the City promptly >~'- ~~ • 4 ~qR~~~~ y i w r-~3~°r. will cause a written notice thereof to be sent by the new ±,,a~~ . ~ K. ~r Paying Agent/Registrar to each registered owner of the Certificates, by United States Mail, 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 provisions of this Ordinance, and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar. (h) Notice of Redemption. (i) In addition to the manner of providing notice of redemption of the Certificates set forth in this Ordinance, the Paying Agent/Registrar shall give notice of prepayment or redemption of Certificates by mail, first-class postage prepaid at least thirty (30) days prior to a redemption date to each registered securities depository and to any national information service that disseminates redemption notices. In addition, in the event of a redemption caused by an advance refunding of the Certificates, the Paying Agent/Registrar shall send a second notice of redemption to the persons specified in the immediately preceding sentence at least thirty (30) days but -14- not. more than ninety (90) days prior to the actual redemption`s ~:. -~ .. ....eu date. Any notice sent to the registered securities..-~ ~. ~*'~ ~~ ~ ~ ~.<~ _ «r;;~ depositories or such national .information services shal.l~bew" ~~:= sent so that they are received~.at~least._two (2) days pr the general mailing or publication date of such notice. The. ~~~°-` ~~ ~: Pa_ in A ent Re istrar shall also send._a notice of ~~""°~~ ~~~ ~_ y q g / q' prepayment ~ ~ r ,p t s =:: or redemption to the registered owner of any Certificate who~• ~` `-"'~" ~`` _ a~~,.. has not sent the Certificates in for redemption sixty (60) ~' '°°~ ~~~~~: p . -, days after the redemption date. The failure to send, mail or-~ ~.;A r~ receive any such notice described in this clause (i) , or an ~`:~~t:. y~_ ~~ ~.~ .: kr.ay_r,. defect therein or in the sending or mailing thereof, shall not_ N affect the validity or effectiveness of the proceedings for the redemption of any Certificate. (ii) Each redemption notice, whether required in the FORM , OF CERTIFICATES or otherwise by this Ordinance, shall contain a description of the Certificates to be redeemed including the complete name of the Certificates, the Series, the date of issue, the interest rate, the maturity date, the CUSIP number, if any, the certificate numbers, the amounts called of each certificate, the publication and mailing date for the notice, the date of redemption, the redemption price, the name of the Paying Agent/Registrar and the address at which the Certificates may be redeemed including a contact person and telephone number. (iii) All redemption payments made by the Paying Agent/Registrar to the registered owners of the Certificates -15- ~IfxCw..... ~4 _~.,. t _- r,_ _ ._ .. .~ ,-~~- . _ ----max, .. V --_---.~,~ ~~..n .. '+. _....» .r.e...Y. .....,.;:.., ....~.. .r...w.saer'..tOt.."'-~r.w+~..rvcv«O.+wi~w.:aM41 xaM1~fui++5~aM4yC~.f..u,:. }'i+ S' ~..~'.tliv~w'e..r.o..J~.~ C ,u:~ ~~, ...rAn -~ «... .. _ _ ~ .....Q. ~.r~, shall.. include a CUSIP number relating to each- amount° paid.. to~ such registered owner. - ° ~"`"~` ' ~- A Section 6. FORM ~~ OF CERTIFICATES. Theme form° of~:- the?~~., Certificates, including the- form° of_Paying.:°Agent/Registrar's=~`- Authentication Certificate, the form of Assignment and the~~-~~M~ .. tea;; ~'~~s:;r form of Registration Certificate of the.Comptroller of Public^~: .. . ~~ ,. Accounts of the State of Texas to be attached to the~~~ Certificates initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows;_ with such appropriate variations, omissions, or insertions,as.w- are permitted or required by this Ordinance. FORM OF CERTIFICATE NO. $ UNITED STATES OF AMERICA STATE OF TEXAS COUNTIES OF TARRANT AND DENTON CITY OF FORT WORTH, TEXAS COMBINATION TAX AND REVENUE CERTIFICATE OF OBLIGATION SERIES 1991 MATURITY DATE INTEREST RATE ORIGINAL ISSUE DATE CUSIP ~ November 1, 1991 ON THE MATURITY DATE SPECIFIED ABOVE, THE CITY OF FORT WORTH, TEXAS (the "Issuer"), being a political subdivision of the State of Texas, hereby promises to pay to or to the registered assignee hereof (either being herein- after called the "registered owner") the principal amount of DOLLARS and to pay interest thereon, from the Original Issue Date specified above, to the Maturity Date specified above, or -16- ~~~:. _,f .y., .~ ~~~~:.a: ~" ~~ - crx- ~ ~- = ~ mesa-~.~ rte:: rm~e -~ss~*at .. r~.a~xu~:s~- ~,~ ~--~~ -=~sb .,'r r ~~' <~w"4 F.w +a xAJ''biBFo-M .c' :~'1II$e:ii3Y~pEW."a.'~fli~ ~Srxhr TE1. «>YVtuAiF'Sfle`~k.'W6+~r.~cn'Laf ~~acs.~S'bW,S1~~F£i~RGG!'47 ~iliR~i2~ '. ~. ~ ~ w. ~-.. s ~,.~.,"~ ~ "'"~~.r..r~..~~-...-...~~a ~ r, .~sxar~a:F~a. :t~:;,cr~~,,.,4,~'~s~~~r~~:T'~~ .m hrr ~~ r... ~ ~ Y ~ «I Y~} ;L T" w.,c-~ 4) LL Y ^'?^:~' Rwtx ~ 'sii^^'^"-~-L~ ^R' v~fc.reav. ~'~~iFWry~.7~ theme-date ~µ of .~'redemption~~- pri~or°~to~~- maturity,^ at~`m'the~ interest` '~ ~~~ s;~~~ rate per--annum specified above; with.. sad__ interest payable.,. ~«~~`~ art*.~'~ .~..;;~. on.~ June~~ 1-` 1993 ~ -v and_~.semiannualiy., on~=each December 1 and~""``Y ~- ~" .. ~„~ .~. June _ 1"' thereafter; exceptu~ that~J~Yif" this Certificate°:- ism. ~~'"'`,~~~F required- to : be-~ authenticated and the date of'`' it's.~`4. '~ ~3"~~~"~°__ ~3 authentication is later° than June 1, 1993, such. interest.~is~~:'. ""'', ~~~ ='::: payable semiannually on each December 1 and June 1 following~~° ._ . ~; . such date. N ~.~s: fi_~ THE PRINCIPAL OF AND INTEREST ON this Certificate are- „-~'" payable in lawful money of the. United States of America°:~. ~"~~~~` without exchange or collection charges. The principal of°'' this Certificate shall be paid to the registered owner hereof upon presentation and surrender of this Certificate at maturity or redemption prior to maturity at the principal corporate trust office of Ameritrust Texas National Association, in Dallas, Texas, which is the "Paying Agent/Registrar" for this Certificate. The payment of interest on this Certificate shall be made by the Paying Agent/Registrar to the registered owner hereof on each interest payment date by check, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and payable solely from, funds of the Issuer required by the ordinance authorizing the issuance of this Certificate (the "Certificate Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided; and such check shall be sent by the Paying Agent/Registrar -17- v~s3tk...ffiS+.Yn6YAG Y '°ii:°n -"i. ~."v:.3.t ',er: d'~..?"i^':7 ..*: ~~ t '& ;~' 'Yr& :«'SC +IIC~ C ": ~'L.~, .• h°. yy vb~6S+'S~4.wwd*.+u'~L{~si2YdFA)s;~i+Yt iddiesf`' +.TGw' awfarkliW si"lf .3b - mac S'+C' 4 k': ~n ^~s i ~+iF~~~~_WW ~~ : d'~s '-~« r~- 3+~T? ~w 'flr.»~^'iY'+S".S^~:4i i YCL @ D Y 8&a ~ s ~~ ~ ~..°"^.•. ~~ .. 1 ~. - u ~ i'~ ~ / '3"+5;.'T'- 'r':Ra...:- YY°' J -~ United Statesxsmail°; first.-ciass~postage -prepaid, on each~f:: ~'f b ~~~ y .-.w~xG! .~. ... w"^, ~.... ...+.... .« a A. :yam : -.. .5:: such interest payment date, to the registered owner hereof, .. ".''~~: .;;....6.. '~'~~ at its address as it-- appeared on the fifteenth day of the ,a~ ~ x ~5. pr-eceding each such datea_ (the "Record Date") on the -~ month ; ,., r .~ Registration Books kept by the ~Paying Agent/Registrar, as .~r~'~~. '. x . aw;,,~. y Y~. hereinafter described. An accrued interest due at maturit °~k~~..-•_ ~~ ~:~ ,. .,~~:,.. or upon redemption of this Certificate prior to maturity as~r `"9'~. provided herein shall be paid to the registered owner upon presentation and surrender of this Certificate for ~.T,."' redemption and payment at the principal corporate trust office of the Paying Agent/Registrar. The Issuer covenants with the registered owner of this Certificate that on or before each principal payment date, interest payment date, and accrued interest payment date for this Certificate it will make available to the Paying Agent/Registrar, from the "Interest and Redemption Fund" created by the Certificate Ordinance, the amounts required to provide for the payment, in immediately available funds, of all principal of and interest on the Certificates, when due. IN THE EVENT OF NON-PAYMENT of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the Issuer. Notice of the Special Record Date and of the scheduled payment date of the past due interest ("Special -18- . -w. ~;;~~a _ which shall be 15` days _ after_ the Special.. Payment Date" „~ `""'f , Record Date) shall be sent at least five business days priory- '"'z'~ ~%r `~~ ''~~~ to the Special Record Date by United. States mail, first A, y , _.~.k.~.,..:f,.. class postage prepaid, to the address of~- each° registered~~= ~~° ~ ~> ~ owner of a Certificate appearing on the Registration Books.~,~ ~'~ -~ ~ ` kept by the Paying Agent/Registrar at the close of business=~-- „ ~, ~y on the last business day next preceding the date of mailing°~ ~~a"~~`_ ~ of such notice. ~ ` ~ ,. . IF THE DATE for the payment of the principal of or°~~~ ~~~ ~,~ interest on this Certificate shall be a Saturday, Sunday, a~- ~~ ~.¢~ legal holiday, or a day on which banking institutions in the city where the principal corporate trust office of the Pay- ing Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. THE TERMS AND PROVISIONS of this Certificate are con- tinued on the reverse side hereof and shall for all purposes have the same effect as though fully set forth at this place. *THIS CERTIFICATE is one of a Series of Certificates dated as of the Original Issue Date stated above, authorized in accordance with the Constitution and laws of the State of -19- „:,,,tv. ~s4a ~. _ _ :_ ~ _ itiffi'~- +.. "' .:I.4M'.ik-rvF idXS.:.'x'.n+W")i.~t1',Y'FSY,.:7 °t: '.f"" $~-~"°"w~ 'v.~•~fa~. + 'F ~Y'iAqfMllYa'a'6:r~.~'?~~Ky'~"+'ahtW.`AF2 aAC3'1e~."Tc~nr.~'S H 4+BLKFi1+,*~c"c%Ydas ~' ,.::.. ~.....w ... _..:..M..c.....~i~.4lw~...............n.1. 1.~+~• w~ ~i ~+i' ++~~.iws+~+•' ur4i4~ aF'+`3• 1Rda k.W wt~.3C .P vK .~.`%tP~a~.1Y vr-A"~' e _ Texas., in the principal amount.. of $13,425,000, FOR :THE ~~ ~~ :~ ~wr PURPOSE OF PROVIDING PART OE.:. THE FUNDS FOR PAYZNG~~< ~~'" ~~.~ ~r~~ , CONTRACTUAL OBLIGATIONS TO.~:..BE..,.INCURRED FOR~.THE~~.CONSTRUCTION~ ~~ ~~Y OF._ A;~ CITY CENTRAL DISPATCH... FA~IhITY, THE ACQUISITION: -~,OF.~F. ° ~~`~" ,a ~ F~ ~f ~ EQUIPMENT, INCLUDING, BUT NOT LIMITED_TO, A CITY-WIDE TWO ~- ,,~ ~j ~.. ,~, .,.~ , r,~. ~3 ~ ~s.~ WAY RADIO COMMUNICATIONS SYSTEM, RELATED TO THE OPERATION OFe:~~~~~. SAID DISPATCH FACILITY, AND THE PAYMENT OF THE ENGINEERING; 5-:~_•~~ .: ~~ LEGAL AND FISCAL SERVICES RELATED THERETO. ~ ' ~ ~~` _ ~"~,:. *ON JUNE 1, 1999, or. on any date thereafter, the ~ „~~,. ~~,: - .~.;:R. Certificates maturing on and after June 1, 2000 are subject'- ~~"'5`'~` to optional redemption by the Issuer, in whole or in part°in:°° principal amounts of $5,000 or any integral multiple thereof, at the par value thereof plus accrued interest to the date fixed for redemption. The years of maturity of the Certificates called for redemption at the option of the Issuer prior to stated maturity shall be selected by the Issuer. The Certificates or portions thereof redeemed within a maturity shall be selected by lot or other method by the Paying Agent/Registrar. *AT LEAST 30 days prior to the date fixed for any such redemption (a) a written notice of such redemption shall be given to the registered owner of each Certificate or a.~. portion thereof being called for redemption by depositing such notice in the United States mail, first-class postage prepaid, addressed to each such registered owner at his address shown on the Registraition Books of the Paying -20- ~.~~ #';.!tF~X .. ~.... .ufn•.acm' ~ ~ ~Ym. ,.. .~. ""V.~F'"~'96.?J.v i?2.4"Wr $"ov`~y°"z'ffi'. ET+i~3G:*""'~"aAtkbaS~i°`Y AY..K+~a.^.+.. 'Yafir ~ ~noe'#^N #~~~ tom' _ _ ,m~;«s.„.c.~~.~m,~.se ...,.~?- .~-.,h=.-~a' s.. ~z;.,.~••.-~e.r..~.~^,,'t~'~.~ <. ~g`:+~~era~^"°."~'~'Ott:.m'.ar~~.°,>"9~ic.,~^c,~'°acr~.~,"".....` ~.~..."''0~~~ ... -x-.,. .~ ,...e - Agent/Registrar °~: and s~- (b )~- novice •~ af~=~ such°•redempt-ion~-° shall.. b~- '-'mow' ~ `r z published ° one ~ (1). time ~in~-a~.f inanciah. journal or.~~ publ.icat~on~ -,.--~:~ of.- generalV circu-lat~ion°-~ in the-~- United ~°:,States~. ofA Amer~ca~N carryings as «~ a :~ regular4-~ feature~~~ ~notices° ofw .municipal bonds ~,~ ~s w called for redemption; provided, _ however-, that the failure-z '~~` ~. ; sr to~.send, mail, or receive such novice described in (a)~, ~ -'~" above, or any defect therein or in the sending or mailing~~ ~i~TMy~~' thereof, shall not affect the validity or effectiveness of~. the proceedings for the redemption of any Certificate, and.--~ ~~ the Certificate Ordinance provides. that-~ the publication ~ of :`" - °"r_ notice as described in- (b) above shall be the only notice actually required in connection with or as a prerequisite to the redemption of any Certificates. By the date fixed fore any such redemption due provision shall be made by the Issuer with the Paying Agent/Registrar for the payment of the required redemption price for this Certificate or the portion hereof which is to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If such notice of redemption~is given, and if due provision for such- payment is made, all as provided above, this Certificate, or the portion hereof which is to be so redeemed, thereby automatically shall be redeemed prior to its scheduled maturity, and shall not bear interest after the date fixed for its redemption, and shall not be regarded as being outstanding except for the right of the registered owner to receive the redemption price plus accrued interest to the -21- r ~' L k .. 1.YY^D.•! L'~;.Lti3 Aa&. ~1SS.F Sa: :N~"'~'°'fin.~'" ~ 44G '.3.+-2,a" .:..L~. ti ~~,ros. "E ..: .,.. rA:ad~~ ~?' ~.~ +.sv?+M~n mwf t~.ra~:w,rs ~, ~ { +r`dc.~ ~Rffiws€di:£°G+.tK7hr•K3`kxi 1 8k1° 'i-.~C ?wu.rs+s~ a•-+r 1F S?d~ ~ G .. awl. '~w~l?. . .« ~' ~2MAhR .. . - . b ~~.~ ':. T..~1C 13~3~ "IS"'~`k"iYF 5~ J .2F...~~~'Y>° $'~~`~. .....~IC.1-:b ~. . ~ _ ~ ~. v !.z> .. «.. ..u ., .. ........ .._..r. ..Y _ u. date fixed for redemption-- from--the- Paying ° Agent/Registrar-• `~ ._ out~~ of~"•~the funds provided for such payment. The PayingY~- w~~w< s. Agent/Regstrar~shall":~ record- in-•~ the Registration Books all.~°~° ~ ,~~. such~~ redempt~fons - of~~ principal"" of~~ this Certificate or any ~-.~ ~~4, '~~~>~ ~ portion hereof. If a-portion of any Certificate shall. be=~~ ~. ~ *; a_substitute Certificate. or Certificates having_ redeemed , :~ ~,. the same maturity date,. bearing interest at the same rate, .=~y ~`,~''"~ ,, X in any denomination or denominations in any integral multi- -- • ple of $5,000, atti the written request of the registered owner, and in aggregate principal amount equal to the unre- deemed portion thereof, will be issued to the registered owner upon the surrender thereof for cancellation, at the expense of the Issuer, all as provided in the Certificate Ordinance. *ALL CERTIFICATES OF THIS SERIES are issuable solely as fully registered certificates, without interest coupons, in the denomination of any integral multiple of $5,000. As provided in the Certificate Ordinance, this Certificate, or any unredeemed portion hereof, may, at the request of the registered owner or the assignee or assignees hereof, be assigned, transferred, and exchanged for a like- aggregate principal amount of fully registered certificates, without interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the case may be, having the same maturity date, and bearing interest at the same rate, in any denomination or denominations in any integral -22- ,~. h -~ --:- - a~~ multiple of $5, 000 as~- requested in~~ writing by the ~``~~t.. appropriate registered owner, assignee, or assignees, as the =~~=~~w~°-: ~: , ;~ , , case may be, upon surrender of this Certificate to~- the~ ~ ~.^~~ ~ .. .~~~ ~ ~..~; ; Paying Agent/Registrar for cancellation, all in~~accordance::~ ;~~,~~-~ .,. ~ ~~. ~~ with the form and procedures set forth in the Certificate y Ordinance. Among other requirements for such assignment_and ~ ~_,„ q transfer, this Certificate must be presented and surrendered ~n~~ ~~,~,, 2::.k .. to the Paying Agent/Registrar, together with proper instruments of assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar;- ~'"``'~` evidencing assignment of this Certificate or any portion or- portions hereof in any integral multiple of $5,000 to the assignee or assignees in whose name or names this Certificate or any such portion or portions hereof is or are to be transferred and registered. The form of Assignment printed or endorsed on this Certificate may be executed by the registered owner to evidence the assignment hereof, but such method is not exclusive, and other instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the assignment of this Certificate or any portion or portions hereof from time to time by the registered owner. The one requesting such exchange shall pay the Paying Agent/Registrar's reasonable standard or customary fees and charges for exchanging any Certificate or portion thereof. The foregoing notwithstanding, in the case of the exchange of a portion of a Certificate which has been -23- a~a4y F'~ESk._~diS-"Rt~w~ wXn •r.. ,v.~~a,~. ,~.e:.~«a~ru=u.,.~.~~~.~,s+e+~-,~xres~aFis..,e~~s~.ce:?wx+ewor~..cw~~-aaet~a°af.~vsn^^ieua~[F~.vsta-asararir~r~er~i ~a.++~...ax^~~.stu+r_ -.may, nyrSaesrt~W to ...xa. r~tCe'~1n~'ru! rr redeemed prior to maturity, as~m> provided herein, and in the: ~-.~~„~ ~~ .~ case of the exchange ofY an assigned and transferred ~~~ ~~;x Certificate or- Certificates or v „any portion or~«~ portion '~' .~..~.M~~~~:~.,~ tea,. thereof, such fees and charges of the Paying Agent/Registrar~°~°~s ~~~~~~° -.~ • ~~,~.t4 will be paid by the Issuer. In any circumstance, any taxes.. ~ ~,~ or governmental charges required to be paid with respect ~., .~, ~~- ~~ e. ~ ~:, thereto shall be paid by the one requesting such assignment, "~' ::"~~'+ transfer, or exchange as a condition precedent to the- exercise of such privilege. In any circumstance, neither the Issuer nor the Paying Agent/Registrar shall be required ~±~x~... (1) to make any transfer or exchange during a period beginning at the opening of business 30 days before the day of the first mailing of a notice of redemption of certificates and ending at the close of business on the day of such mailing, or (2) to transfer or exchange any Certificates so selected for redemption when such redemption is scheduled to occur within 30 calendar days. *IN THE EVENT any Paying Agent/Registrar for the Cert- ificates is changed by the Issuer, resigns, or otherwise ceases to act. as such, the Issuer has covenanted in the Certificate Ordinance that it promptly will appoint a com- petent and legally qualified substitute therefor, and promptly will cause written notice thereof to be mailed to the registered owners of the Certificates. *IT IS HEREBY certified, recited and covenanted that this Certificate has been duly and validly authorized, is- -24- 'M ~G'.' -lr ~ t"S-~S~KY%A,S~'i~^.xf' ,~„^ '3«'~aZm'~_.. T~T."X"'~.F. *b"°+~~"3~^^Cd3'.:d *,..a~'"x"~^~"~" ..""~¢r iEk+'~.r-CSC~rai ss"w.k. ~€ x~. x" ~ t~4szr rtaa~ .L'L.@L.:. i. .Fvw' d• ,+1Tlec . '1~7X3ii~ tes~l~ -- e7F~e• ~Y ''+~'•~tc3e~M~s ~agi^Y,4t r w ., '%J~..~ - x¢. a:~a..q ~ti_~+r°` "~ ` .~ '''~:..~-Yua,~.cP~~'€?iFrr«~~zari. ~r„~ .c:-tz ~- :s4r.+~eu ::~sx.. &~~,~..,~-- ~.~t a ~_ _ ~ _ ~~~ ... .~ 'kSIT.t T^. ~:y 5Y" A,G ~"~` ."Y~Y~ }~~h~A» d.Y. ~x,~~A. v +4 ~-+ ..a..}}..sii. sdl....~ ,1~'^"W Pi:f3 hi f Y . r+ « 1 -..:} ~ k.~~ Y _SY ~T R - ~ ; li+tl i} +C. ~v_'T• yY~ :3 _ vi Sw .`.f _ °i . x,' !. ..gin ~~~.y --, rFrr~.~ .. ~ ~+ ~ ..^y.. .... :~- :'~ ~.. . )'_.. ? of ~Y fC :`t+~~{ .~`. sued, ~`: and~~delivered; that~~a11 1-acts'; conditions, and th~ngs°~ '' =~f ~~~: required- or.~properw to...be performed, exist, and _be_,done pre- ; "n-~ cedentt-to°~or$~in _-the~author:ization, issuance., and-delivery~of;~ ~ ~„ _ _.. r _~. th~is~~~Certficate whave been performed, existed;. and-..been°~ doneµ;,~ ~~ x ~~;~ ""' W' ~~ ~,: u in~~accordance with. law; that-:,this... Certificate is a direct-'s G~~ ~~~~~~ ~y obligation of said Issuer, issued on they-full faith and~.M credit-thereof; and that annual ad valorem. taxes sufficient°: . ... ,;,.o-~.4i:`Ssa to provide for the payment of the interest on and principal... :~ ~M of this Certificate, as such interest comes due and such-: ~Vy~, >: principal matures, have been levied and_ordered to be levied`: ``~~° against all taxable property in said Issuer, and have been-~° pledged for such payment, within the limit prescribed by law; and that surplus revenues remaining in the Issuer's Parking System Fund, after payment of all operation and maintenance expenses thereof, and all other obligations now or hereafter payable therefrom, have been pledged as additional security for the Certificates. BY BECOMING the registered owner of this Certificate, the registered owner thereby acknowledges all of the terms and provisions of the Certificate Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Certificate Ordinance is duly recorded and available for inspection in the official minutes and records of the Issuer, and agrees that the terms and provisions of this Certificate and the Certificate Ordinance constitute a con- tract between each registered owner hereof and the Issuer. -25- ~:a•Si}` •,yfYS 'Y ~~d=c r'~b'-'1~AA36 'Yu~d'@V'~r ~{t ~4HNY~~ a~'AY•J. gntwm ~.++ a YF~rSG x:K.~r'~Lcx aFa ~^IYrdf~...~F*~ .J"~ 1n 4 •F -aA"^" a A Ti~fJ '~J"a'~1 ~' 9 Y" 4 tR * - ~ ~ µ v 'T~ . ~ ~ . $ ev vy ~, • P t 4 r ~ 7 ~ x .'i~vw ...... ~.. ?^.L .. _o-.a ,,. -1. .'tee- ..x~..sN :t« .,.~r,.:: -. ..., ..=~.w.. ~ ,~ G _, - . , .., .. .. i . . .. t., .1~'.Ma:..: -, .~. WHEREOF Certif icate . has been si this IN ~~. WITNESS gned ~~ _ _ _ , _ ... : .- a~ with...ahe manual or facsimile signature of the Mayor of the City, attested by the..-.manual or~° facsimile signature of theme ~~.. „ .~,.~:x ; AssistantY~ City Secretary, and_~ approved as to form and~~ ~K~ '~ ,~,~ F legality with the manual or facsimile signature of the City ;;~:'~';~~ ~: Attorney, and the official seal- of the Issuer has been duly . .~ . ~~ ~~ '`~ affixed to, or impressed, ors placed in facsimile, on this ~~.~ Certificate. +T xxxxx xxxxx Assistant City Secretary Mayor APPROVED AS TO FORM AND LEGALITY: xxxxx City Attorney (SEAL) FORM OF PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE It is hereby certified that this Certificate of Obligation has been issued under the provisions of the proceedings adopted by the City as described in the text of this Certificate of Obligation; and that this Certificate of Obligation has been issued in exchange for or replacement of a certificate of obligation, certificates of obligation, or a portion of a certificate of obligation or certificates of obligation of an issue which originally was approved by the -26- -~~.~ .y ~a~, Attorney General of the State of _Texas and.. registered by the=~ `'.~~~ "'s -...~Awox^!i!.,.. Comptroller of Public Accounts of the State of Texas. t .~;,~:.. ~:~, :~: . _~~~;~; Dated ~!~' ~~~ AMERITRUST TEXAS NATIONAL ASSOCIATION,:: Paying Agent/Registrar By Authorized Representative ~.:.,,~~ ,~;~~, ~~.<< ~~~~~ -27- ~:`f ~. ...r+ Kk%W~i.>~..nro.!Sn.•e.'SfieM iWS.ui~sp.. .w ~~ ~~.•. "ate- .~•~~-+V. ' Y"Bv ,...,.. WeSt~Trt3.'Fey.~ ~.~_.,_ _-- w .- _ -e.._ a - _ ._-~. -i'. FORM_OF"ASSIGNMENT: ~ -~ .~a~w„";~ ASSIGNMENT ' ~;.~~. FOR VALUE RECEIVED, the -undersigned hereby sells, ~Y"- u:~=~`~" ~. assigns and transfers unto ' •' ~""~ (Please insert Social Security or~ ~ ~., Taxpayer Identification Number_of Transferee) o / / r w `y1 w: y~v a..i. rii.. (Please print or typewrite name and address, including K,.~;~~ zip code of Transferee) ' ..~ the within Certificate of Obligation and.. all rights ~. r `.:" --~`}' _thereunder, and hereby irrevocably constitutes and appoints attorney to register the transfer of the within Certificate of Obligation on books kept for registration thereof, with full power of substitution in the premises. Dated: Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company. NOTICE: The signature above must correspond with the name of the Registered Owner as it appears upon the front of this Certificate in every particu- lar, without alteration or en- largement or any change whatsoever. -28- .~h~ '**FORM"'OF"COMPTROLLER'S-~CERTIFICATE".ATTACHED TO THE CERTIFICATES UPON .INITIAL DELIVERY THEREOF OFFICE OF= COMPTROI;LER" ' . w _. ~`"~~"` ~, ~ ~ ' -~~ ,~ _ _ _ ,__~,F, ~ ._. .. REGISTER:~NO. STATE"'OF"`TEXAS'" "~"~~ _ ~. I hereby certify that-there is~- on- f ile and ~ of ~record=n M° my office a certificate of the Attorney General of the Stete~ :~~:,~. of Texas to the effect'" that this Certificate has been~~° examined by him as required by law, and that he finds that it has been issued in conformity with the Constitution and_ laws of the State of Texas, and that it is a valid and;. m~ binding obligation of the City of Fort-Worth, Texas, payable.»~ in the manner provided by and in the ordinance authorizing same, and said Certificate has this day been registered by me. WITNESS MY HAND and seal of office at Austin, Texas this Comptroller of Public Accounts of (SEAL) the State of Texas NOTE TO PRINTER: *~[s to be on reverse side of certificate **~ not to be on certificate Section 7. DEFINITIONS. That the terms "Certificates" and "Certificates of Obligation" shall mean the City of Fort Worth, Texas Combination Tax and Revenue Certificates of Obligation, Series 1991 authorized to be issued and delivered by this Ordinance, and the term "Code" shall mean the Internal Revenue Code of 1986, and any amendment -29- '~.t+°' "3 a A4.,C'RYS.xULh 6f" .4+__R'.li~.~a t, MF"E 1~ ~' R~1';~"`.X'+4 ~ '^~'«.-. 2..ct - L. ~ _• L _ - 'tl'A'n,~ 6~~ .t aKxdF~i 5'-~wxm~"gS2!SW.A-"kr '~arnHtM'm~*suo- ~.1Vi+ }'9»+Nfeid i.«.«aiw.~ rfM.t49-nLw~..8+ ~aas.,ra'+a.~~-a'auv~. ~..y. oEN=. ~•~"'./+~C.~"'A[ ' .5.. .Y!F..).Y~1e*.C°,Jeh..44.. ~.w. m ~ w - ~ +1"Y~... ~ ""2 ~ ' '°' ~~G ~ ~f Y . : ~ 4 .•- 7 ~°]4. f".. i w _ ,- .,r~.. n ,. :. x: ... 4 . thereto, together°° with applicab e_. regulations promulgated..._ °gY~,. thereunder. :y . ~~. Section. 8.~h. INTEREST AND REDEMPTION FUND. That-: a ~w _ ,A~~.~;. ~ specal_..fund a or_. account, to , be -designated the "City of Fort v ~ ":. <;, -- Worth, Texas Series 1991 Certificate of Obligation Interest:, l~~r~~¢~ii. - *?n- and Redemption Fund" is hereby created and shall be:y4 N ~rda.- ~;`a . ~9 .r established and maintained by the Issuer at its official J-2 depository. Said Interest. and Redemption Fund shall be kept separate and apart from all other funds and accounts of said Issuer; and shall be used only for paying the interest on and principal of said Certificates. All ad valorem taxes levied and collected for and on account of said Certificates shall be deposited, as collected, to the credit of said Interest and Redemption Fund. During each year while any of said Certificates are outstanding and unpaid, the governing body of said Issuer shall compute and ascertain the rate and amount of ad valorem tax, based on the latest approved tax rolls of said Issuer, with full allowances being made for tax delinquencies and the cost of tax collections, which will be sufficient to raise and ,produce the money required to pay the interest on said Certificates as such interest comes due, and to provide a sinking fund to pay the principal of said Certificates as such principal matures, , but never less than 2~ of the original amount of said Certificates as a sinking fund each year. Said rate and amount of ad valorem tax is hereby ordered to be levied -30- ..,~.. . against all taxable property in said Issuer for each yeayr .: F~-~~= a • .~:~. while any of said Certificates are outstanding and unpaid., ,-~,,, and said ad valorem tax shall be-assessed and collected each .~~:a ' ~x such year and deposited. to the credit of-~ the aforesaid ;~ ,~. a~':. Interest and Redempt-ion Fund. Said ad valorem taxes. ~w~4 1. `~ •~-~ ,~ .~~~, necessary to pay the interest on and principal of said `~°~-' ' ~ J.~ ~ ~ Certificates, as such interest- comes due and such principal ~~~ `~-~. ~ ~ ~, - ~~: matures, are hereby pledged for such payment, within the -~ limit prescribed by law. Section 9. REVENUES. That the Certificates of:° •~• Obligation are additionally secured by and shall be payable from the revenues remaining in the Issuer's Parking System Fund after payment of alI maintenance and operation expenses thereof, and all other obligations now or hereafter payable therefrom, constituting "Surplus Revenues". The pledge of such "Surplus Revenues" is made in accordance with the provisions of Subchapter C, Chapter 271, Texas Local Government Code and Article 1269j-4.1, Texas Revised Civil Statutes, as amended. The Issuer shall deposit such Surplus Revenues to the credit of the Interest and Redemption Fund created pursuant to Section 8, to the extent necessary, after deposits of ad valorem taxes have been made to the credit of the Interest and Redemption Fund, to pay the principal and interest on the Certificates of Obligation. Notwithstanding the requirements of Section 8, if Surplus Revenues are actually on deposit or budgeted for deposit in -31- +.~; .+r -ra.. <... «. ...,,. ... ~sra .. ..,.. .y. .wtra.... .. .ee.~YJOMV...'„%LTivwi ~~~~ Y~~ a •+w ~~; ti3.~ !~";:pa&.§: '~Ykv+ 5w~'r d......3#ry} 3~3iYd's YY3}wV.Nd6.yA *StHo'~ti~Y.k~?+iP,~~ ._ .• v' +5?Ff. .:ir 11"^"t--F'~4N4SY'S:za i??~u E3a --. sNF3z "ac.~A~" .-° «. ._ _....:2~ ,c.;"A-a~W~~.~ wN "~aVi+'.fi 4l~.~ei~A'f~" lYY1A~6:.Kd1 hTAU ~~x..~3'F+I..i -- ~ ~ - _•~ ~. _. .. _ .~ .r ; ~b.YyaX~kstML+'L4'C.~;52C~"~'id:~ ... ~.wa .r ~... ;..s~~:1:~:~.R:..:.''~3~'~.A:i ~ ':~ the Interest and Redemption -Fund in -advance of 'the time r whe;~ a -.~~~ ~~. ad valorem taxes are. scheduled to.- be levied for any year_,,.~ ~~„ ~~, ~.w ~~ then the =- amount of taxes which- otherwise_ would.._ have been ~~~ w. ~, ~ . ~.k ~. ~~ required to -be levied pursuant -...to. °.Section °8 `may be reduced~'~'~'`~`N "~~ ,~~. to the extent and by the amount of_.the Surplus Revenues then~:~ ~"= -~ on deposit in the Interest and Redemption Fund or budgeted-~ ~-~ ~ ~ $.pr 3 ~ t~ ..x~ /.,_1 ,C. ~. for deposit herein. A.. .~ ,~ w ~~ Section 10. TRANSFER. That the City shall do any and~i~` __ y all things necessary to accomplish the transfer of monies tom. ,~~~' ~..., the Interest and Redemption Fund of this issue in ample. time~~a _t~`-~•_ -~:~~r~ ..~.,_~ to pay such items of principal and interest. Section 11. SECURITY FOR FUNDS. That the Interest and Redemption Fund created by this Ordinance shall be secured in the manner and to the fullest extent permitted or required by law for the security of public funds, and such Fund shall be used only for the purposes and in the manner permitted or required by this Ordinance. Section 12. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED CERTIFICATES. (a) Replacement Certificates. That in the event any outstanding Certificate is damaged, mutilated, lost, stolen, or destroyed, the Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new certificate of the same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or destroyed Certificate, in replacement for such Certificate in the manner hereinafter provided. -32- ,~.. ~War~' .... ..ka~a'i~'. aP7h*~f•klMlc. -~ s p ,'mac: "'K"7 "L~kS°'7°+GASSS~ '~' Y.~+~ta °'.•.>'xi^Y"°+~'J ^.as7":.-ajF~i's.SYzr"~£~tu..ux'sw.. ~! ~. .5..- ~.C ate'. '9~.,E.. ~~ :MR4S. 4~115.'•K.l v. f ...~'~..V ~ _~.'~"°'~ :.. ~,3"'^ •.~......,.aa S..w~ 'ii M~1+3~+~$ef ^t ~Y~C~9G7..i1'fLT.F6i 'S~-Y~~i~' .. s;:. ~ ~a~.,= a~ .w;.;..~ ~si„~,~ E,:^ a~.s~~€s.~ '"`~'Km...,,~ ~rn rsa~' ~ ~saz~° .-, a *t_c'~ ^< "<tY ~az~ e~.iar'v~i-"a+a .r., m ~..•.• ~ ~~~..~~ ~^e>~ ~ .T, ., ~ _ ~,., ~ .,;. t _ L_.:.. ~C+' ,. ~:. '~_x~ ~~„F ..rn - ~*1 ~w„. ~ 4 .'S ry, 'sST ,~.., ?" ... ..~~ AX " +.'~"S. (b)~. Auulication for Replacement~`~ Cert~rficates . `~ Th~,t~.~,.~~~G ~ ~' _..r..~.~. ~?~ . 4 application fora replacement.. of~_ damaged., mutilated, lost,w~. ~~E ., -~.~-"`~ ~.. ~z~~~ stolen ~=v. or.r. destroyed:;.. Cert~if:icates shall... be w made by, they- ~4V A _ ~~ ._. , . N.. e . w. • ,.. registered owner~;'thereof..'to~. the. Paying~~Agent/Registrar.... `~L~' _~ ~ every case of loss, theft, or.-~ destructions of_. a- Certi.fcate~~ .~ ~ ,~ the registered owner •applyinq°K for_-~a ~xeplacement_ certif icate: y _ ~~:. ~ ~~,. shall furnish to the, City and to 'the Paying -Agent/Registrar~.=~ , ~ ~,~ . ,~ such security or indemnity as may be required by them J tn~ *~r,~.w,. ~~~ s save each of them harmless from any loss or damage with: t`^Y~.r., respect thereto. Also, in~ every case of loss,. theft, or;.: :~~:~`~:~_ destruction of a_Certificate, the registered owner shall furnish to the City and to the Paying Agent/Registrar evidence to their satisfaction of the loss, theft, orh destruction of such Certificate, as the case may be. In every case of damage or mutilation of a Certificate, the registered owner shall surrender to the Paying Agent/Reg- istrar for cancellation the Certificate so damaged or mutilated. (c) No Default Occurred. That notwithstanding the foregoing provisions of this Section, in the event any such Certificate shall have matured, and no default has occurred which is then continuing in the payment of the principal of, redemption premium, if any, or interest on the Certificate, the City may authorize the payment of the same (without surrender thereof except in the case of a damaged or mutilated Certificate) instead of issuing a replacement °33° %J 3' .fS W36'... 'S'S.Y"..-:: l/~.d' _ °,iC'~Y%'3~ Z'~ Y , ~' - .1 'S3w . ~:._ _'' - ~..~ .T -&'`sr' vtE}t. S '',~vA ~.e4+ri:Ir:Yfit.M tt~`i!'M!en+~Sor.m0.K'at» N dfiivsA. L.m 1. c..p,~q..g~y¢,..ysww. =t .k?~lR,w ' saw.w~ir.~a ~. a,.- ~r _ z .,.,~ ~ .+.'YK C $~erKV h:MaY~'3`-.'x.. .+^-~ ~ y~r s aE . i. certificate, provided.tisecurity~or~indemnity is furnished as ., above provided in this ,Section. (d) Charge for Issuing Replacement.Certificates. That.:-.. prior to the issuance of any replacement certificate, thew `.~ ~s~~~s°°" .~ , ~- ._ -~ ; Paying Agent/Registrar shall charge the registered owner of_ =~-~ such Certificate with all legal, printing, and other° '~'~~ expenses in connection therewith. Every replacement. certificate issued pursuant to the provisions of this Section by virtue of the fact that any Certificate is lost, stolen, or destroyed shall constitute a contractual obligation of the City whether or not the lost, stolen, or destroyed Certificate shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Ordinance equally and proportionately with any and all other Certificates duly issued under this ordinance. (e) Authority for Issuing Replacement Certificates. That in accordance with Section 6 of Vernon's Ann. Tex. Civ. St. Art.. 717k-6, this Section of this Ordinance shall con- stitute authority for the issuance of any such replacement certificate without necessity of further action by the City or any other body or person, and the duty of the replacement of such certificates is hereby authorized and imposed upon the Paying Agent/Registrar, and the Paying Agent/Registrar shall authenticate and deliver such Certificates in the form and manner and with the effect, as provided in Section 5(a) -34- .. ,.,. .,, ....,~_._ s, ....~.. of.. this Ordinance for Certificates ssued~'~in --conversion~~ a dam" .v ir". ;:~~-:. exchange of other:~Certificates. _ ~~. Section°°13: COVENANTS"WITH RESPECT•~TO°' EXCLUSION~FROM~. GROSS INCOME°""OF.:`~'INTEREST: ~~ON~`THER='CERTIFhCATES,:-.~ The-. Is uer-.~: -~, covenants to take--any action~~-to~ assure, or.~a refrain from~anpr q• .~s:c...~ss ' action which would adversely affect, the treatment- of~ the-:_ •~' Certificates as obligations described in section 103 ofd"thee ~ ~ z~ t ~;~ Code, the interest on which is not includable in the "gross- ~' ~ _ ~,~; income" of the holder for purposes of federal income taxa-•-~ ~} ,,:;~ ~~, ,.,,. ",:Y~~ tion. In furtherance thereof, the Issuer-° covenants= as~~~ '~m`'~_ ;.~.~,~.a.:, ~, ~.~~ ..-~~m. follows: (a) to take any action to assure that no more than 10 percent of the proceeds of the Certificates (less amounts deposited to a reserve fund, if any) are- ' used for any "private business use," as defined in section 141(b)(6) of the Code or, if more than 10 percent of the proceeds are so used, that amounts, whether or not received by the Issuer, with respect to such private business use, do not, under the terms of~ this Ordinance or any underlying arrangement, directly or indirectly, secure or provide for the payment of more than 10 percent of the debt service on the Certificates, in contravention of section 141(b)(2) of the Code; (b) to take any action to assure that in the event that the "private business use" described in -35- .:..w ~.ofx~, the _n Ce ~.; ~reserve;~;, f~ t. .~._ ~ .. _ _ .. ,~_, "belated"°"' and~`~ not ~. ~!!.~iisproport°i°ona_te,, -~w~ahin- -~-meani~ng~ of,,, s®ct~ion". 141:(b).(~3) of,.~7~ the Cbde, tc governmental_ use ~ w m -~ ~, ~._, _ ~ ~~ V g w-°- .r Y,. ~.,~..h~ to_.take any action to assure~that~_no which is greater than the~_lesser-of,~,$5,000,000, of..`" the ~ proceeds-~ of~~ the. Cert~if:icates~.:r (1 _ ~~ , deposited- into a:~ reserve.-; fund,-- ifr.. any),e directly or indirectly used to finance loans to per.-°~ "~=~~~~ sons, oth er than state or local governmental units,~in< nn~~"~~r: ~.~-,~ ,. .~. ,~. contravention of section 141(c) of the Code; ~~,~j~," ,,~ , ~ J (d) to refrain from taking any action which would. ~.E;. y n: otherwise result in the Certificates being treated as . ,?, "jE~-< . ~j :Y~ #. ~' "private activity bonds" within the meaning of section ~ _~;,,,,: ,~ , 141(b) of the Code; ~4~..:~, (e) to refrain from taking any action° that-woul:d~. x~A~„~r result in the Certificates being "federally guaranteed!!. ~•:: ~y .... within the meaning of section 149 (b) of the Code; _ .:~ °: (f) to refrain from using any portion of the:.-~ ~;: ~:r =~+~. ~~~'~~- p ::,.... ,~i-K•,~ ,~~. ;~,~;:. proceeds of the Certificates, directly or indirectly,, ~~ ~,~~~~;, ~ to acquire or to replace funds which were used,w; .M. `~ .~}~. directly or indirectly, to acquire investment property (as defined in section 148 (b) (2) of the Code) which- - - ~-- -36- /~ x .,,... 's cam` 5..: :. .«. s~r.~ ~k..~Wao~%a~Er Air..- i aw ts~++zb» ~ efi~:.- ~ :-.l .;x. .r «+«++,...A i~ll'~4'd .~,. ,.r.+:«, ~; ..~ ,-~.-.a»-. - = ,eHS,.~,uc.azav.a~lsxa~m an,~:ws .c:x~r Wis. h~.~~. v ex+.'~"" ~~teY..~"}...~.z3-~*' s. ;;~'~ ~" =:~' ~... w._.:se'y~GE~~,.~Y~'$~"~E`_Y:tL ~i '~~ ti s°xC(aLi+~7`....:.£S:C^ '~h„u~.~,~f'zii~~`~~nt„{ z-. r ~z micas .s^. , ~:~ ~~~ s^%~i~ - - .-.a,. ?.~,+Y" r~ L"'"„~{"5't~G.'~"ud'r' ~,+~+"550,.;',FR ~~rFy,~r~'.`ig~'~. c 7.W -~",~,.. 5F~-' +:. .«wy; .E- .~:a- .a ~-Yr ~~....~ ~.~ ~~~.~•~produces.~a~mater:~~l`l~i~, ~ yi-el~ ov~r~thente~m.~o~ lt~i_ =" «~ '~z;. W""..3...s»-"~ ~...~,~e`x~"-n.ems`w~' - ~ z~e.v+~'°~"a r•.a`'":~ w'F''~°'~rn-~~„er "'~"7`~2~.•nmr« ,+. ~-aa w°"F.n ,.i ..r ..r ~ ~' . ~~ ~, ~C~rtficates,~~`other thin investment prope=ty a ~ ~'~ .~r quir -,ors ~~... ,~....,z~ C _ <. .~ _.. _ _ ~.. w ~.r k-~r~~~'~ w 3.'i ==.-'~'s ,'mow ~_ Sc . r}, °~~ `~' . - '•£t 'xxfk.3t+ it z.. Si6+~ri .~li~'S.°,G.: ia:, A`~ 4 :5.7J~"e~,.'F.S'11i~'~i' bi4~C'~SNT7a:.~f.$~'' "E^'N~ Y+ ~°' A''' ` r" 36 ~ ~ ` 9 Y;~ 6¢.i+' r ~M ~, r~~ ; -~,,,~,fi~~~ ~ ~ ~,~,{ 1~~,~ prkoc8eds-of~~, the C~rt~ficates rove-"'s~ ~. x. _ r .~ ~' _for~ a~ reasonabl tem ~y s , -~ ~° ~- a parary period of~" 3 ear ~ ~ o` °~` ~' a y, s _: ~, ~or2~ ~ ,~ ~~~ ~•~ ~ '~y`-,~ .ct , his }gyp "' ~ ^.~~ z c`~S _ ,;,;: r~ ~ less until ,, such > proceeds -;are • needed "for . ~~ -~ ~ . ~ ~ ._ y+~.w+« .. ;>r.+s .it.,MT ..f ~ l.F ,a ...rg1: k. .i} :xx ~., a w !+>.A rr.. . ...., ~r~ '". ?A =~&xR W _ _ _ purpose for wh"ich~the~ bonds are~°issued -° ~~~ ~ ~~ -~•~~ ~" - (2 )°~` amounts irwested._ in ~ a~:° bona f ide:~ debt~'~ ~ p _ r serviceo-_fund,~, wthinz ~ he.::meaning__of_ "section 1..103 _:~, ~,.:~. _ F. _ ... 13.(b) (12.) ; ofthe~.Treasu . Re -. ~~~~ ~°'"~ '., ry~ gulat~ions.,-~ ands. ~ ~.~~. :. ° ~- ~~. .~_ .. e >.. ~..(3.)~ amounts._.w. deposited.... in.~.. any =W reasonabiy~; "-~ r-~- -~ ~.~,. a. ~.~ required reserve or-°replacement fund to the extentN such amounts do notW.. exceed i0 percent of the~~ ~.:. :M" ~~~.h proceeds of the Certificates ; ~', (q) to otherwise restrict the use of the proceeds:. of the Certificates or-amounts treated as proceeds of~"~' the Certificates, as may be necessary, so that the _, Certificates do~- not-- otherwise contravene thef requirements of~ section-- 148 ~ of _ the--~ Code (relating°:. to, ~ ~,~ arbitrage) and, to the extent applicable, section 149 (d) of the Code (relating to advance refundings); (h) to pay to the United States of America at-~ least once during each five-year period (beginning on~- the date of delivery of the Certificates) an,amount° that is at-least equal to 90 percent of the "Excess_ __ Earnings~~ , within the meaning of section 148 (f) of the-- -37- y ~. n ,~ _ ~ 1 .•.-.w v -sx4 Mt:A~.Y 4 Cnb~AE:. } ' bi _ ~ .,.;e...ti .J ~~t - «°.''e~~.:..I~~'. ~t+•..TYAC"W`1.^es... .3~,' _ r.. ".....r.J s _ 9 ..:.:. c ~. -, ~-,f .9 .-~iw_-~.. .+c'tT-& J,~PU. ac.. t, _ . ..~. _ r`,.., ~.f-. .. ate.. +*3Y' Y*ts4tu~~~.~"9`,app'.'JM^.d`~f.,3+i•{d?~n,a+f:5d t-t a...C '.t~b.`S a f~i ,Ak`'*Ya~1t`~-.~ ~R.~".W~'?F~.7Mr..4`aR~R' .U°~s.,.~;.J,^. 2 ~..i~--~ '.,. C'#a'i~.$ ~" o them ` ~`~,~~~~ C e ~ ~ ~ and' ~ a t ` ~» ~ ad e United~States.4 of_,. A~ier.ica~~' not `- later than Y64 days_aafter the " ~~ ,~ Certificates have been me . 9 y„ ""'f _.`Gff 2 ,.~~t .~» +,.,o.v ,y. .,+YE t -.. ,,.f.,„„ •... .:.. :-s S ...:.-tda"~1~• •. ,~ p aid in full~,~ 100 percent of ,the : amounts th en required; ~ ~ 4J. ~. ~ ~..F M..+°.^i ~se'.L,L~ ~~'~ 1C ' if'~~Y 3~.0~-~C~',$~&~ ~j. ~ ,ii;.yr `~E••,4~ ~-.'y°Lr~~i ~+~{~.v T ~. ".{a o.Y.:. j 't^Ss' -"~$^n°~ 5ag~t 4`da,~ ~`i.~i--i~`-~'kC" z.tP lnn y„ w. .. ,. .,. .wl.P;~ ..:3'..1~.~s.€.c~S~.~.'z~x.- 't~ c^c ~?s;,, ,k AL'.'~N A' ~ `1`f A ,u,,,1+, F ~ a, s h~svs.., c: •~ '' x Yr ^y' Gyw ~~~ r . . .~ --~ ;~to be.~~paid as.~a~resu-1 t of~Excess~;Earnings under section .. <. ~. V ,~ ~ ~~ ~ ~ ,~ ~~ _.. _ _ ::. 5: T48"(f)°'of~.the__Cd`de.; and,~s. ~ ~~ry ~" k' ~~s~ "~ Y H ` f ~ ~ t s p F "ar ~ '(i j tom mai ntai n~ such# r cords as will.. r enable tYre~" ~ ~ ~ ' ~ b~ d ..~.. Issuer ~ to.~. fulfill. its~ responsibilities ~ ..• ij under this' '' n 1 - ~" C~ ~yy„ K 6.e..i.A '~ +',T Y h; ~ `~ section and section 148 of the Code and to retain suc ~~ records for at least six years following the final.._ payment.. of principal and~.interest on~ the Certificates.. ,_~.~~=.:::.-, ...<~w. It' is-the understanding of~ the Issuer- that the covenants " contained herein are intended to assure compliance with the Code and any regulations or rulings promulgated by the U.S. Department of the Treasury pursuant thereto. In the event that regulations or rulings are hereafter promulgated which modify, or expand provisions of the Code, as applicable to the Certificates, the Issuer will not be required to comply with any covenant contained herein to the extent that such modification or expansion, in the opinion of nationally-rec- ogni2ed bond counsel, will not adversely affect the exemp- tion from federal income taxation of interest on the Certificates under section 103 of the Code. In the event that regulations or rulings are hereafter promulgated which impose additional requirements which are applicable to the Certificates, the Issuer agrees to comply with the additional requirements to the extent necessary, in the -38- ~~; opinion=ofnationally=recognizedbond~`"counsel; . t~,~preserve~,. the exemption from ~'federal.w. income taxation of:~ interests; one they... Certificates ~ under section 103 °~ ofd' theme Code. ~~- In"'~_.-V- n .. 4 •.. furtherance=~ of ~` such~~ intention:, k the City hereby.. author ~e ., , . #= ~- ,.~ •. r-~- .. . ~, and directs- the ,.Mayor; theme City .Manager and they Director~,~of~i ~." _ a .Yaps- 5 ._ m e +ties.?z` '7^s _ra~,a :~vaa..x. ~ ~ ~~a. :+~"~- ~ " Fiscal_ ServicesN to~° execute any documents; certificates or~;~; - i;,,:,T,;~; i reports.~required by the Code, and to make such~°elections~on=~ #~: h ~ ~~ ~.: behalf of the City which may be permitted by the Code., as-~ ~' . ,d: ~.. are consistent with the purpose for the issuance of the== ~`~"~'~ Certificates. "- "" ._ k~.. :~ .~:. .~,~~,. In order to facilitate compliance with the above; covenants (q), (h), and (i), a "Rebate Fund" is hereby established by the City for the sole benefit of the United - States of America, and such Fund shall not be subject to the. claim of any other person, including without limitation the registered owners of the Certificates. The Rebate Fund is- established for the additional purpose of compliance with section 148 of the Code. Section i4. CUSTODY, APPROVAL, AND REGISTRATION OF CERTIFICATES. That the Mayor of the City is hereby authorized to have control of the Certificates initially issued and delivered hereunder and all necessary records and proceedings pertaining to the Certificates pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the -39- ,k; ~.;~ ~;~~~: -.ws:s+?:lEC., '..-Y'4~'ft":~. -. -...~ C .n a.r '~ ? wi:: 3i``t fr' 3.. nom.'-!~.~~_ i R_r ... -.F... 't~Ry~..... _ _ State of~°~Texas:.: po r g t tion~of ~:a~` e Cert*~f ate s _ ~. ~ .~ Comptroller° of Public Accounts. (or a :deputy designated,.::n, ``~~ writinq:~to act fora said' Comptraller~~,stiall"~manual~y,~sigrr~`~"`'~ - ~-' -e>.'- .,'sap v'an... ,..dom.. -may' .._ __ Comptroller! s~~`R~gistrat'~ n" Cert.°f~cate°~`~attackred.'` ti: s ' .. ~. ~~~. <Q .~ '~:l .' ,d. :fro ~R x,y +a +we.. Certificates, ands the seal of"v said`"~Cbmptroller~~"shal_1..~~-b":~ _A. ~ ,• F .- k.+t A~--FF~~'ih *L ~:,,~,N„n,.. s2 H 'M:'+N~4M ~~I~.. impressed, or- placed=~in°facsimile,~;- on-~=such ,Certificate ... '~~- ~~ a ~ , * _. ~~~ ~ $i -..:... ~ .. _... 'M+.S'J:`i'" M a^t'^w?'eoq.asf 1s ~+~eF ' . ~.=a_ .. .~... .... Section 15: DTC""REGISTRATION:~. The.. Cert`i,ficates:~~.£'o.~.'~ ~ ~~~`~~' ..~~: ~ ' Obligation initially shall be_- issued ands delivered indr suc2i~ a ~~~~`~_$ manner that no physical distribution of the_ Certificates ofd' r:~,,,~° Obligation will__ bey:-madea to ~the~~publ.ic~, and~_The~.Depos.ito~,~~ ~,~__:` . ,..... -.... .n., ° .gym Y „. uu~n'W.hHk~~~9l4i~V .~NK".J: ~s Trust Com an p y ("DTC") , New ~. York; New -<~ York, initial ly - w=-11 n~ •- act as depository for the Certificates of Obligation. DTC has represented that it is a limited purpose trust company >~ incorporated under the laws of the State of New York, a~: member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered under Section 17A of the Securities Exchange Act of 1934, as amended, and the City accepts, but in no way verifies, such~~ ~ -- representations. The Certificates of Obligation initially authorized by this Ordinance shall be delivered to and registered in the name of CEDE & CO., the nominee of DTC: It is expected that DTC will hold the Certificates of Obligation on behalf of the Purchaser (as defined in Section 17 of this Ordinance) and its participants. So long as each Certificate of Obligation is registered in the name of CEDE -40- ~x ._.w_,._"a __ Y. ,~ ~~ ~. .-„ :x sew-. '` '~'- regulations~:,~established bythem; µand~ that° the, Certificates ,r _. .,, _ ~,.~=r_ of Obligat°ion initially deposited with DTC shall b - ., -;~.~. _ ~~. immobilized: ands, not°..~: bey. further exchanged-` for.. substitute w,;-- - ~ _ Cert~if icates:~ of.;: Obligation ~~ except--- as~~° hereinafter.:°provided~. The City is not responsible or liable for any functions of~" DTC, will not be responsible for paying any fees or charges with respect to its services, will not be responsible~.or° liable for maintaining, supervising, or reviewing the-a records of DTC or its participants, or protecting any interests or rights of the beneficial owners of the Certificates of Obligation. It shall be the duty of the DTC"" Participants, as defined in- the Official Statement herein- approved, to make all arrangements with DTC to establish this book-entry system, the beneficial ownership of the Certificates of Obligation, and the method of paying the fees and charges of DTC. The City does not represent, nor does it in any way covenant that the initial book-entry system established with DTC will be maintained in the future. Notwithstanding the initial establishment of the -41- ~.. ;~. _w - ~. - - Rte.' ,~ ~ .,,. _. . ,,. ~~r~,-~ -ma.* v~.w-aK+Yiaasew~:.s~~,w w~...w _ ~.:,=a;~. ~x,:xmar ~-p~ . a ~. ,•~ •,~*.n ;.a~.yi. .t~~v Fri. s~~t `. _ ~'~.aca:tY4i~.^R.?Yk3 ~',cs^^~i~m>a""uesa,~ ~.SSAM r.,„~a~*~ _.s,~wair.~ertt ~y a "• S* ~vro.,c~.r t+~.'. •x°`~' wc~. dtir, - a ,~ ~~ssv"i'',cm' ca~"'~-'~ ,a.»"° ry ,. ' .,, ._ '~~~' f~re~ ~ k~` entYy. ~~t ~~ w nTC;' ;i~fg'f r~anyrea'son~~any~ ~~`'~ r~ : E'r'a.. t+~+c # a ~.~~~Sr ,!"~i3~.'ttr,gf~>csnnc~.~t. KE' _..~ ~, .,.:u~a s-c s; ~~~u°`#~"~s~"'V~4~~+~9~i`~"~~: s~, _ TM` ~'~` ':~' ~'n «-~,~~ ,. ~,~'.s; - ~ ~.•w+.•- e,-',~" "., ~ '~`;?..'~", t ~ - ~ n e ~. c .. ~i.hyi#~~`'~"~,,,wwx~.k ~ :_,•"3'^i`.-~, ti era v.~ ~ .. ~~ r'~':'?^s 'P'ad ~ ~ x ti~" of~ theme originally delivered certificates of Ob'ligation~ ~.s " a~ ~~'`` «= ter.-~'~kP~,a~`~~"~"~'~'F~ -?"'~`~'o.~`~'.NS`is~,; -. ~-~'"h~`i, ~ a~`x x~ ~a t <w .,~, ~ ,t'~ sQa ~:, ~- -~ ~,;~q~.,duly,~ f{~~ed~ with ~ theq, Paying,, Agent/Reg.istrar with :~ proper ,~.~: ~ ' , ~:~~ 1 ~ri 9~~"r '+^'~}t M C.~ 3a•r.N~ y. ~w?'a .A - ~ TY ~.~.,~N~y 1t . NNt Ty S i 1 ~ ~yq k" /1L^ '~~~p o }E ~ n ~~ r i. ~~ .,~. f."'3 a r'aT f ': f ~t dl+ '~.. ~4~. '~.` ~ ~AV~~~fa ~~ j v ..Z~,.,~r '~'. qc n"n sr^..G rr. w-~.x ~-'£*~ ~ Z,a r•. ~ ,k-''~.~+ ,t x e. iL~.~ ~.a..7'E'4a ~,. NR~' ~ c.~~„ .. n <-~° - _ ¢_-~ 5request~`fo~... transfer and"~ substi;tut~:on;~vas~ provided, for ~in~;~,~t ::~:... .. •.r El.- d `al~2i E5 iYG~'F~S`~ 5-. Yt ,~fiy~Jyps X XLM 4 _ e~a4Y^° 9'Y 'Yf.. a~°h'~'f" '~.~~'Y 1l { ,,~~. ~~ ~ LI" «~`'z+Ser:.,rx' +~.iv..-.,~.~z~~~`'L~ 'Y _ , ? ~: 4 ,s t +"' ~.`` ~ . ?~ ~ x''~° ~ t`t ;+` ° -. - s¢m .5.p q-' ~' c'S' _p.~~.ATM. ~ -iu _ d~this Ordinance; substitute,. Certi,ffcates ' of 'Obligation wi1i.F;~~ ~, ~ '~ ..v r ,fib,°~,"f'`•'7~,~~a" -„" z '~„ t + L _ -.::.. '~,~.: ~~ >~r ~- d..,3 w r- ~ ! w.~ ca'~"~ -:.:..>~ ~ C` '~' j 1 x;~ .wr t~+e~ T.aas r- ~ a ~+a`~..fi-~ ~: .+.;: y, - i ~ n 4 .~r+...• ~ -.t „i. ~. ..~ .,,u~k.w? ~-X"4". 1~.~ i° be^~ du~ly~, del ivered,~.`as:~ p_rovided~ in~.this~ Ordinance; .wand ~ there.' will be no x assurance .:or,--~•representation-~ that~~any,~ book-entry~° ~ ~~~~ ~' system~~ will. be maintained for- such Certificates of ~` '=~~ ~~ ..,",. jr f ~ Obligation. To effect= the establishment of~'' the foregoing '~k ry,, r.: : ;, book-entry system, the Mayor or° the City_ Managerw~are hereby. _ u•+if' .i authorized°to execute the "DTG°LetterA~~of~`Representation" ins the form provided by DTC to evidence the City's intent to establish said book-entry system. Section 16. PREAMBLE. That the findings set forth in the preamble to this Ordinance are hereby incorporated into the body of this Ordinance and made a part hereof for all purposes. { Section 17. SALE. The Certificates of Obligation are hereby sold and shall be delivered to Merrill Lynch & Co. (the "Purchaser"), for a price of par and accrued interest thereon to the date of delivery, less a discount of~ $67,125.00. The Official Notice of Sale, Official Bid Form, and Official Statement, prepared and distributed in connection with the sale of the Certificates of Obligation, in substantially the form attached hereto, are hereby -42- .~reara..bi.._,...Y.,~,. .Y .~-aczw. e:r,.. w.. ~.e,: _...wa.r.w~. ;m..f.,a.u u~-- _ -r,s.~e~.; ~.;.: .w' ~'~ ;wx,~._.c_.m 9~s~iaF~ ,u_.~xiw..t..~,.~wa~~iii:..f-:.+e.,..+...,.s-~.?eyc~rr.~ •i++<.; ~,4,~a~ilnwayn:w ~_ ,_ ~c ~,:..»~. we..r..a,.~:...~.;=i..+~~v:«.+..w.:t-.a,~~.,...~.;..~..s _ :.,..~.: .~. rk +..~..a...~ ~ ~~ .ate. :.~ s"~ -- -- - r~,^.: ^~ „ .,...,;....: ~° .°~a4z ~,;-;*~. ~ a ~i"""`""'"as~s -rt~'~e!sw%:~ x...:amc~`c~3'„_'sr'3~~'i~.'t~"i~3 . _.. _"""" .t."". x "`,a~.'~w.~~ :.~~-:;..~ :. r.'~ x~s_. ~x:"'""~...z~s R ~_a'r~ _t ,~,..-- t;,~,s~.•'" M .a~^ ..',^.^ .°-~^Y.,, -.~;'~.4"~.:_ a^°~7n`v~."."~^'» - ' r`.sT"^xrr~'' 3t[ *a~^^~ .:P~r~.°" ^ yst• f ~,,~.+~crsrn ~ -'r ,. r .w. approvedby°the:.Cty_~CcSuncil_, and~`the2r:-use-- in~the-offer and .~ sale of~the Certificates of_Obligation is hereby approved. ~ °x° ADOPTED this-~l2th~ day, ofNovember ~ 199i . ~--- ~ ~ ~~~,~~.. µ ry .. 'fit`{'.`. .: • y .} ',"'~w uT~ ^CY .~ w ...t v -+rn~T~^Y~-u---may,-. -. - .. _-r '~°-s-e +-,u4r...:aM r~42 ~.N45~1'~~>sn af$N~f~ yx d ~.;+.. "~J"~Y Y4~. YXa '~ .-1=' PW~z: .td` ~ _, ...w>'1 .fN1Wi~rf®F.Wc'au~'N~n'S~.'`4.~.~.'.`g$~u (bs~.v ,;_;t ~ x..r~.t s,s .a~ i.,_ -dttr.#, ?.; ..e ':~:. ~ .~.` ~.a~' - _ ee";: ••`".~'a.;:: ~.z"Ey~ ,May r, Cit of~ Fort Wort Texas ~'~" ._ ,., - - _....~ ~ ~ R .~ ATT ST : _ ~ ~~~ i<`~: Assistant i y Secretary, City of Fort~Worth, Texas APPROVED AS TOLLFORM D-LEGALITYo _ i City Attorney, City of Fort Worth, Texas (SEAL) -43°