HomeMy WebLinkAboutRES 1984-023 RESTAUTION NO. 84-23
A RESOLUTION APPROVING THE FORM AND AUTHORIZING
"` " THE EXECUTION OF THE PAYING AGENT/REGISTRAR AGREE-
MENT PERTAINING TO THE CITY OF GRAPEVINE, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES
�,... 1984
THE STATE OF TEXAS §
COUNTY OF TARRANT §
�ITY OF GRAPEVINE §
WHEREAS, the City Council of the City of Grapevine, Texas has
determined that it is in the best interests of the City and its inhabitants to
proceed as expeditiously as possible with the issuance, sale and delivery of the
City of Grapevine, Texas, Waterworks and Sewer System Revenue Bonds, Series
1984 (the "Bonds") in an anticipated principal amount of $3,000,000;
THEREFORE, BE I'i' RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That Texas American Bank/Fort Worth, N.A., Fort Worth,
Texas, shall act as the initial Paying Agent/Registrar in connection with the
is�uance of the Bonds.
Section 2. That the Paying Agent/Registrar Agreement, in substantially
the form attached hereto as Exhibit A, is hereby approved with such changes as
� may be approved by the City Manager, and an appropriate official of the City
Council is hereby authorized to execute such agreement, with such changes as
may have been approved by the City Manager.
�' ` Section 3. That this Resolution shall be effective immediately upon its
adoption.
PASSED AND APPROVED this the 17th day of April , 1984.
Mayor, ity o apevine, Texas
ATI�EST:
1 �w
Cit Secreiz�ry, ity of Grapevine, Texas
[S�:r,I�]
APPROVED:
�= _
City Attorney, ity of rap vine, Texas
�..�
• , • F.X HIBIT A 'll� RESOLUTION NO. 84-23 Page 1 of 7
. . TEXAS AMERICAN BANK/FORT WORTH K�
PAYING AGENT/REGISTRAR AGREEMENT �
THIS AGREEMENT tntered into�s oi (the"Aprcement"1,by�nd between_
�°" "' C1ty Of GTdpevine, TEx85 (the"luuer'1,��d T�x�American B�nk/Fon Worth,N.A.,�bsnki�p asocistion duly orpanized
��d txi�tinp under tM Iwv oi tM United Sutt�oi An+�rie�(tM"B�nk"�.
RECITALS -
�::�
WNEREAS,tM Itwer Ms duly�uthori:ed�nd provided ior the istu�nte of iri Waterworks and Sewer System Revenue BOfIdS,
Series 1984 (the "Securities") in the aggregate� principal amount of $3,000,000, such Securities to be
issued in fully registered form only as to the payment of principal and interest thereon; and
WHEREAS.tM Stcuritiet�r�teheduled to be delivered to the initi�t purchpert thersot on or�bout May 22, 1984 ;��d
WHEREAS,tM lauer h�:�eleeted tl+e Bink to�erve u P�yinp Apent/Repictrer in conneetion with the psyment o� the principal of,premium,it�ny,
snd intenst on wid Securitie:�nd wit�hipect to ths repi:tr�tion,tnn:fer,�nd�xch��pe tMreof by the repistered owner:thereot;�nd
WHEREAS,the B�nk M�preed to s�rve in wch espseitie:fo►�nd on behali of the Iswer snd has full power and wthority to perform and serve as
Payinp Apent/Repictrar for the Securities:
NOW,THEREFORE,it is mutu�lly�preed�s tollov�:
ARTICLE ONE
APPOtNTMENT OF BANK AS PAYING AOENT AND REGISTRAR
Section f.01.Appoiniment.
The Iswer hereby �ppoint:the B�nk to ferve�c Payinq Apent with respeet to the Securities,�nd,�t Payinp Apent for tM Seeurities,the Bsnk:hall be
responsible for p�yinp on behslf of the lauer the prineipal,premium (if�ny1,�nd interest on the Seeurities�s the same become due and payable to the
repistered owners thereof;�It in�ccordsnce with this Apreement�nd the"Bond Resolution"(herein�fter definedl.
The Itwer A�reby �ppoints ths Bank as Repictrer with retpeet to tAe Securities�nd,as Repistnr for the Securities,the Bink shell keep and maintsin for
�nd on beh�lf ot the I:suer books and r�cords�s to tAe owners�ip oi pid Securitie:�nd with respect to the transter�nd exeh�npe thereof ss provided herein
�nd in the"8ond Resolution."
� TMe B�nk hereby seeepu its�ppointment a�d�prees to ferve ss the Psying Aqent�nd Repistrar for the Securities.
Section l.0?.Compensation.
�: ,y As compensation tor the Bank's tervites�s Paying Ape�t/Repistrar,the I�:uer hereby apnes to pay the Bank the fees snd amounts set forth in Annex A
stteehed hereto tor the first yesr o�this Apreement and thereafter the fees and smounts tet(orth in the Bank's current iee sehedule then i�effect tor ierviees
�s Psyinp Apent/Reqistrsr for municipelities,which shsll be tupplied to the Iswer on or before 90 days prior to the close of the Fiscal Year oi the Iswer,and
�hsll be effsctive upon che ffrst day oi t�e followinp Fi�cal Year.
In addition, the Issuer �prees to reimburse the B�nk upon its request for all ressonabte expenies,disbursements,snd�dvances incurred or made by the
Bank in�ecord�nce with sny oi the provisions hereof (includinp the rcsso�able compensation and the expenses snd disbursements of its agents and eountel).
ARTICLE TWO
OEFINITIONS
Section?.01.De�initions.
For all purpoies of thic Aqreement,except�s otherwise expreuly provided or unless the eont�xt otherwise req�iie::
"Acateration D�te"on�ny Security me�ns the dete on �nd�fter which the principsl or��y or�II in�tallments oi interest,or both,ere due end
pay�ble on�ny Security which had become�ccelerated purwsnt to the terms o1 the Seeurity.
"Bank Ofiiee"mesns the p►ineipsl corporete tru�t oftice o1 the 8enk �s indicated on pape 5 hereof.The Bsnk will notify the luuer in writinp
oi�ny ehanpe in locstion of the Benk Offiee.
"9ond Rssolution"meens the resolution, order, or ordinance oi tAe poverniny body of the Iswer purw�nt to which the Securities are iswed,
prtifi�d by tM Secretsry or�ny other officer of the(:wer�nd deliwred to the B�nk.
NF�.�v.,���R+..�: the 12-month period ending September 30 of each year.
„��:.��
"Molder"�nd"Security Holder"�aeh me�ns the Ptr�on in whose nane�Stcurity is repistered in the S�curity Fipitter.
"lau�r Request"�nd "I�a+er Order"�aeh rn�ans�writan ►�quest or order�ipned in the n�rr►e of th�Iau�r by th�President,V�ce President,or
Secretuy oi the Boud of Dir�ctor:of the I:wer,o� any other authorized representative of the Issuer, any or all,
and delivered to the Bank.
rr�;�,� 'L�psl Holiday"me�n��day on vvAich the Bank it nqui►td a wthori:�d to be elosed.
"Perwn" mt�ns�ny individuN,eorpor�tion,p�►texnhip,joint venture,�:socistion,joint ttock eomp�ny,trust,unincorpo�ated orysnizet�on or
pove►nment,or�ny peruy or politiul wbdivi:ion pt�ppwrnm�nt.
EXHIBIT "A" `I1� RE50LUTION NO. 84-23
Page 2 of 7
"Pr9decesso► Securities" of any particular Security means every previous Security evidencing all or a portion of the same obligation as that
evidenced by wch particular Security (and,for the purposes of this definition,any Security registered and delivered under Section 4.06 in lieu of a
mutilated, lost, destroyed, or stolen Security sf�all he deemed to evidence the same oblipation as the mutilated, lost,destroyed, or stolen Security).
�,,�, "Redemptio� Date"when used with respect to eny Bond to be redeemed means the date fixed for such redemption purwant to the terms of
the Bond Resolution.
"Responsible Officer"when used with respect to the Bank means the Chairman or Vice-Chairman of the Board of Oirectors, the Chairman or
ViceChairman of the Executive Committee of the Board of Directors, the President,any Vice-President, the Secretary,eny Assistant Secretary, the
� Treasurer, any Assistant Treasurer, the Cashier, any Assistant Cashier,any Trust Officer or Assistant Trust Officer,or any other officer of the Bank
customarily performing functions similar to those performed by any of the above designated officers,and also means,with respect to a particular cor-
porate truat matter, any other officer to whom such matter is referred because of his or her knowledge of and fafiiliarity with the particular subject.
"Security Register" means a repister maintained by the Bank on behalf of the Issuer providing for the registration and transters of Securities.
"Stated Maturity"means the date specified in the Bond Resolution on which principal of a Security is scheduled to be due and payable.
Seciion 2.02.Other Defrnirions.
The terms"Bank,""Issuer,"and"Securities(Security)"have the meanings assigned to them in the recital paragraphs of this Agreement.
The term"Paying Agent/Registrar"refers to the Bank in the performance of the duties and functions of this Agreement.
ARTICLE THREE
PAYING AGENT
Section 3.01.Duties of Paying Agent.
As Peying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the Issuer, pay on
behalf of the Issuer the principat of each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to the Holder upon surrender of the
Security to the Bank at the Bank Office.
As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the Issuer, pay on
behalf of the Issuer the interest on each Security when due, by computing the amount of interest to be paid each Holder and preparing and sending checks
by United States Mail, first class postage prepaid, on each payment date,to the Holders of the Securities (or their Predecessor Securities) on the Record
Date, to the address appearing on the Security Register or by such other method acceptable to the Bank,requested in writing by the Holder at the Holder's
� r�sk and expense.
Section 3 02.Paymeni Dates.
The Issuer hereby instructs the Bank to pay the principal of and interest on the Securities at the dates specified in the Bond Resolution.
�,..a
ARTICLE FOUR
REGISTRAR
Section 4.01.Security Regisrer- Transfers and Exchanges.
The,Bank agrees to keep and maintain for and on behalf of the Issuer at the Bank Office booksand records(herein sometimes referred to as the"Security
Register"1 for recording the names and addresses of the Holders of the Securities,the transfer,exchange,and replacement of the Securities and the payment
of the principal of a�d interest on the Securities to the Holders and containing such other information as may be reasonable required by the Issuer and subject
to such reasonable regulations as the Issuer and Bank may prescribe. All transfers,exchanges, and replacement of Securities shall be noted in the Security
Register.
Every Security surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, the signature on
which has been guaranteed by an officer of a federal or state bank or a member of the National Association of Securities Dealers,in form satisfactory to the
Bank,duly executed by the Holder thereof or his or her agent duly authorized in writing.
The Bank may request any supporting documentation it feels necessary to effect a re•registration,transfer,or exchange of the Securities.
To the extent possible and under reasonable circumstances, the Bank agrees that, in relation to an exchange or transfer of Securities,the exchange or
transfer by the Holders thereof will be completed a�d new Securities delivered to the Holder or the assignee of the Holder in not more than three (3) business
days after the receipt of the Securities to be cancelled in any exchange or tranafer and the written instrument of transfer or request for exchange duly executed
by the Holder,or his or her duly authorized agent,in form and manner satisfactory to the Paying Agent/Registrar.
Section 4.02.Certificates.
The Iswer shall provide an adequate inventory of printed Securities to facilitate transfers or exchanges thereof.The Bank convenancs thac the inventory
,�,s.�f printed Securities will be kept in safekeeping pending their use, and reasonable care will be exercised by the Bank in maintaining such Securities in sate-
�eping, which shall be not less than the care maintained by the Bank for debt securities of other governments or corporations for which it serves as registrar,
•that is maintained for its own securities.
Secrion 4.03.Form of Securify Register.
�,:�
The Bank, as Registrar, will maintain the Security Register relating to the registration,payment,tra�sfer,and exchange of the Securities in accordance
with the Bank's general practices and procedures in effect from time to time.The Bank shall not be obligated to maintain such Security Register in any form
other than that which the Bank has currently available and utilizes at the time.
The Security Register may be maintained in written form or in any other form capable of being converted into written form within a reasonable time.
• EXIiIBIT "A" TO RESOLUTION NO. 84-23
� Page 3 of 7
Section 4.04.List of Securiry Ho/ders.
The Bank will p�ovide the Iswer at any time reyues*ed by the Iswer, upon payment of the required fee,a copy of the information contained in the
Security Register. The Issuer may also inspect the information contained in the Security Register at any time the Bank is customarily open for business,
provided that reasonable time is allowed the Bank to provide an up-to-date listing or to convert the information into written form.
pM.
The Bank will not release or disclose the contents of the Security Register to a�y person other than to, or at the written request of, an authorized
�fficer or employee of the Issuer, except upon receipt of a aubpoena or court order. Upon receipt of a subpcena or court order, the Bank will notify the
ssuer so that the Issuer may contest the subpcena or court order.
�""' Section 4.05. Re[urn of Cance/!ed Cenificetes.
The Bank will, at such reasonable intervals as it determines,surrender to the Issuer,Securities in lieu of which or in exchange for which other Securities
have been i�sued,w which have been paid.
Section 4.06.Mutilated,Destroyed,Lost,or Sto%n Securities.
The Iswer hereby instrucu the Bank, wbject to ths provisions of the Bond Resolution, to deliver and iswe Securities in exchange for or in lieu of
mutiliated,destroyed,lost,or stolen Securities as long as the same does not result in an overiswance.
The Bank will issue end deliver a new Security in exchange for a mutilated Security surrendered to it.The Bank will issue a new Security in lieu of a
Security for which it received written representation from the Holder that the Security is destroyed,lost,or stolen,without the surrender or production of
the original Security.The Bank will pay on behalf of the Issuer the principal and premium,if any,of a Security for which it received written representation
such Security is destroyed,fost,or stolen following the Stated Maturity or Redemption of the Security,without the wrrender or production of the Security.
The Bank will not issue a replacement Security or pay such replacement Security unless there is delivered to the Bank such security or indemnity as it
may require(which may be by the Bank's blanket bond) to save both the Bank and the Issuer harmless.
On satisfaction of the Bank and the Issuer,the certificate number on the Security registered wilt be cancelled with a notation that it has been mutilated,
destroyed, lost, or stolen and a new Security will be issued of the same series and of like tenor and principal amount bearing a number (according to the
Security Register) not contemporaneously outstanding.
The Bank may charge the Holder the Bank's fee and expenses in co�nection with issuing a new Security in lieu of or exchange for a mutitated, des-
troyed,lost,or stolen Security.
The Issuer hereby accepts the Bank's current blanket bond for tost, stolen, or destroyed Securities and any future substitute blanket bond for Iost,
stolen, or destroyed Securities that the Bank may arrange,and agrees that the coverage under any such blanket bond is acceptable to it and meets the Issuer's
requireme�ts as to security or indemnity.The Bank need not notify the Issuer of any changes in the security or other company giving such bond or the terms
� =f any such bond. The blanket bond then utilized for the purpose of lost,stolen,or destroyed Securities by the Bank is available for inspection by the Issuer
n request.
Section 4.07. Tiansaction lnformation to lssuer.
*" " The Bank will, within a reasonable time after receipt of written request from the Issuer, furnish the Issuer information as to the Securities it has paid
pursuant to Section 3.01, Securities it has delivered upon the transfer or exchange of any Securities pursuant to Section 4.01,and Securities it has delivered
in exchnage for or in lieu of mutilated,destroyed,lost,or stolen Securities pursuant to Section 4.06.
ARTICLE FIVE
THE BANK
Secrion 5.01.Duties of Bank.
The Bank undertakes to perform the duties set forth herein and agrees to use reasonable care in the performance thereof.
Section 5.0?.Reliance on Documenrs,Etc.
(a) The Bank may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein,on certificates or opinions
furnished to the Bank.
(b) The Bank shall not be tiable for any error of judgment made in good faith by a Responsible Officer,unless it shall be proved that the Bank was
negligent in ascertaining the pertinent facts.
lc) No provisions of this Agreement shall require the Bank to expend or risk its own funds or otherwise incur any financial liability for performance
of any of its duties hereunder, or in the exercise of any of its rights or powers,if it shall have reasonable grounds for believing that repayment of such funds
or adequate indemnity satisfactory to it against such risks or liability is not assured to it.
(d1 The Bank may rely and shall be protected in acting or refraining from acting upon any resolution,certificate,statement, instrument, opinion,
report, notice, request, direction, consent, order, bond, note, security, or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties. Without limiting the generality of the foregoing statement, the Bank need not examine the ownership of any
�'�curities, but is protected in acting upon receipt of Securities containing an endorsement or instruction of transfer or power of transfer which appears on
;face to be signed by the Holder or an agent of the Holder.The Bank shall not be bound to make any investigation into the facts or matters stated in a
solution, certificate, statement, instrument, opinion, report, notice, request,direction, consent, order, bond,note,security,or other paper or document
pplied by Issuer.
Y�,-,�r
(e) The Bank may conwlt with counsel,including its own counsel,and the written advice of such counsel or any opinion of counsel shall be full an
complete authorization and protection with respecc to any action taken,suffered,or omitted by it hereunder in good faith and in reliance thereon.
(f) The Bank may exercise any of the powers hereu�der and perform any duties hereunder either directly or by or through agents or attorneys of
the Bank.
EXHIBIT "A" TO RESOLUTION NO. 84-23
Section 5.03.Recitals of/uuer. Page 4 Of 7
The recitals contained herein with respect to the luuer and in the Securities ahall be taken as the statements of the Issuer, and the Bank assumes no
responsibility for their correctness.
+�• ^ The Bank ahall in no event be liable to the luuer,any Holder or Holders of any Security,or any other Person for any amount due on any Security from
�ank's own funds.
Section 5.04.May Hold Securities.
�"� The Bank, in its individual or any other capacity,may become the owner or pledgee of Securities and may otherwise deal with the Issuer with the same
rights it would have if it were not the Paying Agent/Registrar,or any other agent. _
Section 5.05.Moneys Held by Bank.
Money held by the Bank hereunder need not be segregeted from any other funds provided appropriate trust accounts are maintained in the name and
for the benefit of the Issuer.
The Bank shall be under no liability for interest on any money received by it hereunder.
Any money deposited with the Bank for the payment of the principal,premium (if any),or interest on any Security and remaining unclaimed for four
years after final maturity of the Security has become due and payable,will be paid by the Bank to the�ssuer,and the Holder of wch Security shall thereafter
look only to the Issuer for payment thereof,and all liability of the Bank with respect to such moneys shall thereupon cease.
Section 5.06.lndemnificerion. '
The Issuer agrees to indemnify the Bank for, and hold it harmless against,any loss,liability,or expense incurred without negligence or bad faith on its
part, arising out of or in connection with its acceptance or administration of its duties hereunder,including the cost and expense against any claim or liability
in connection with the exercise or performance of any of its powers or duties under this Agreement.
Seciion 5.07.lnterp/eader.
The Issuer and the 8ank agree that the Bank may seek adjudication of any adverse claim,demand, or controversy over its person as well as fu�ds on
deposit, in either a Federal or State District Court located in the State and County where either the Bank Office or the administrative offices of the Issuer is
located,and agree that service of process by certified or registered mail,return receipt requested,to the address referred to in Section 6.03 of this Agreement
shall constitute adequate service. The Issuer end the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent
jurisdiction to determine the rights of any Person claiming any interest herein.
� • ARTICLE SIX
MISCELLANEOUS PROVISIONS
,�H� Seciion 601.Amendment.
This Agreement may be amended only by an agreement in writing signed by both of the parties hereto.
Section 6.02.Assignment.
This Agreement may not be assigned by either party without the prior written consent of the other.
Section 6.03.Notices.
Any request, demand,authorization,direction,notice,consent,waiver,or other document provided or permitted hereby to be given or furnished to the
Issuer or the Bank shall be mailed or delivered to the Issuer or the Bank,respectively,at the addresses shown on page 5 hereof.
Section 6.04.Effect of Headings.
The Article and Section headings herein are for convenience only and shall not affect the construction hereof.
Section 6.05.Successois and Assigns.
All covenants and agreements herein by the Issuer shall bind its successors and assigns,whether so expressed or not.
Section 6.06.Severability.
In case a�y provision herein shall be invalid, illegal, or unenforceable, the validity, legality,and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.
Section 6.07.Benefits of Agreement.
"'�"`" Nothing herein, express or implied, shalt give to any Person,other than the parties hereto and their successors hereunder,any benefit or any Iegal or
�itable right,remedy,or claim hereunder.
Section 6.08.Entire Agreement.
`�"'� This Agreement and the Bond Resolution constitute the entire agreement between the parties hereto relative to the Bank's acting as Paying Agent/
Registrar and if any conflict exists between this Agreement and the Bond Resolution,the Bond Resolution shall govern.
Section 6.09.Counrerparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one and
the same Agreement.
EXHIBIT "A" TO RESOLUTION NO. 84-23
Ssction 6.10. Tiiminuan. P3ge 5 Of 7
This Apreemant will tom►inata (i) on the date of finsl peyment of the principal of and intsrat on the Securities to tha Holders thereof or(ii) may be
earlier termin�ted by either party upon�ixty(60)day:written notice;provided,however,an sarly te�mination of this Apreement by either party shall not be
efiective until Is) �:ucceuor Payinp Apent/R�pistrar hu bsen appoinud by the Itwer and wch appointment accepted and(b)notice given to the Holders of
the Securities of the appointment of a wxestor Paying Apent/Reyistrar.Futhermae,tM 8ank and the I�suer mutually agree that the effective date of an early
���nimtion of this Aproement shall not occur�t any time which would diuupt,dslay,or otherwiie�dverssly affect the payment ot the Securitiec.
Upon an esrly tarmination of this Apreement, ths B�nk preet to promptly transfe�a�d deliver the Security Repi:ter tor a copy thereotl,topether with
r pertinent bookc and record�rslatinp to the Sscurities,to the wccetsor Payinp Apent/Repistrar designated�nd appoi�ted by the Iswer.
�'�The provisiont of Section 1.02 and of Artkle Fiva�h�ll wrvive�nd remsin in full force and offsct followinp ths termination of this Apreement.
Srction 6.11.Gowrniny L�w.
This Aprs�m�nt�hall be con�trued in accordence with�nd povernsd by the I�ws of the Stete of Texa.
IN WtTNESS WHEREOF,the p�rties Mnto have executed this Aqreement s:of ths d�y and y�ar fint above written.
By
Title
ISEALI
Attecs
reu
�t e
Taxas Amer�can BanWFort Wurth,N.A.
sv r'/j�/� l /
� . / T�tle Vice President & Trust Officer
��� / Corporate Trust Department
P. 0. Box 2604
�� -�st � / Fort Worth, TX 76113
� Addrea Or
/,
" 1 ,r � �,�, _ 500 Throckmor[on Street
j� � �: / Fort Wc�rth TX 7b1(12
Tide yice g�ident & Trust Of f icer
�,.,,�
�_.�
53-329� • -
EXEiIBIT "A" .TO P�SQLUTIOI� NO. 84--�2'
Page 6 of 7 � ���•�
���,A�►,_.�'"_.
Trust Management �,M��;a�,�
� .�ervices �►Nrc
��NA
FEES ANNEX A TRUST DIVISION
`�' ` PAYING AGENT/REGISTRAR
FEE SCHEDULE -
August 1, 1983
Acceptance Fee (Payabie at Closing)
Account Set-Up Fee $500.00
Certificate Issuance Fee
(per certificate authenticated) - 1•25
These fees cover ou� services for the initial set up of records, review of agreement, working with the
Undervvriters, Bond Counsel, and Issuer for delivery of certificates at closing, attendance at all closings
(excluding travel expense) and the issuance, authentication and delivery of bonds at closing.
Account Maintenance Fee:
$100. for each million of the first $5,000,000 principal amount
$75. for each million of the next$5,000,000 principal amount
$60. for each million of the next $10,000,000 principal amount
� $45. for each million in excess'of $20,000,000 principal amount
Minimum Annual Maintenance Fee 750.00
�,,. ,
Certificates issued/surrendered in t�ansfers or exchanges, whichever is greater
during the period, each 1.25
These fees cover maintenance of all Bondholder records, which include the name, address, certificate
detail and account type codes for each holder, issuance of semiannual interest checks, processing re-
placement of lost, stolen, or mutilated certificates, safekeeping blank certificates, cancellation of
certificates presented and issuance of new certificates, compliance with the S. E. C. 72 hour turn-
around time, and two bondholder lists per year �interest payment datesl.
Maturity/Redemption Fee:
Certificates to be canceled (per certificatel 1.25
Checks issued (per check) _ 1.00
These fees cover receipt of certificates and cancellation of same, issuance of checks to holder and
updating Bondholder records to reflect redemption.
Additional Services:
Extra Bondholder Lists (per name) .03
'�°` " Minimum Fee 60.00
Two Bondholder lists are provided as part of Account Maintenance Fee annually.
r�, ,�
.�Jv. , EXHIBIT "A" TO RESOLUTION NO. £34-23
. Paqe 7 of 7
�w_�,
Page 2
Address inserts or labels, each .03
�1,# Minimum Fee - 60.00
Daily Transfer Sheets (per set annually, if desired�, � 100.00
Bond Calls
Fee will be based on time and responsibility.
Applicability of Fee Schedule:
Any service rendered which is not included in the schedule will be charged on the basis of an
analysis of time and responsibility involved.
Reimbursable Charges:
All out-of-pocket expenses for professional services (such as attorneys and accountantsl, postage,
courier services, supplies, telephone,travel to closing, etc.will be billed at cost.
This schedule is subject to periodic review and change.
Texas American Bank/Fort Worth, N.A. maintains a full service Corporate Trust Department which
currently meets the Securities and Exchange Commission requirements for seventy-two hour turn
around.
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TEXAS AMERICAN BANK/F�ORT W�RTH KA