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HomeMy WebLinkAbout020303 RES - 05/10/1988A RESOLUTION approving and authorizing the execution of a "Paying Agent/Registrar Agreement" in relation to the "City of Corpus Christi, Texas, Combination Tax and Tax Increment Revenue Certificates of Obligation, Series 1988 (Tax Increment Financing Zone Project )" and resolving other matters incident and related thereto. WHEREAS, on this date the City Council of the City of Corpus Christi, Texas authorized the issuance of "City of Corpus Christi, Texas, Combination Tax and Tax Increment Revenue Certificates of Obligation, Series 1988 (Tax Increment Financing Zone. Project)", in the principal amount of $10,565,000 (the "Securities"); such securities to be issued in fully registered form only; and WHEREAS, in relation to the payment, registration, transfer and exchange of said Securities, the Paying Agent/Registrar selected therefor is FIRST CITY BANK OF CORPUS CHRISTI, Corpus Christi, Texas; and WHEREAS, a "Paying Agent/Registrar Agreement" setting forth the duties and responsibilities of the Paying Agent/Registrar for such Securities has been prepared and submitted to the City Council for approval and execution, such Agreement being attached hereto as Exhibit A and incorporated herein by reference as a part of this Resolution for all purposes; and WHEREAS, the City Council hereby finds and determines that such "Paying Agent/Registrar Agreement" should be approved and execution of the same for and on behalf of the City authorized; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS that the "Paying Agent/Registrar Agreement" by and between the City and FIRST CITY BANK OF CORPUS CHRISTI, Corpus Christi, Texas relating to the above described Securities, attached hereto as Exhibit A, is hereby approved as to form and content, and the City Manager and City Secretary of the City are hereby authorized and directed to execute such Agreement in substantially the same form and content herein approved for and on behalf of the City and as the act and deed of this City Council. PASSED AND APPROVED, this April 26, 1988. ATTEST: City Secretary (City Seal) 353 t E CITY !'. CORPUS CRISTI, TEXAS Ma •. r APPROVED: HAL GEOR By 20303 f� DAY OF /21/9/ , 1988 ITY ATTORNEY OFILMED PAYING AGENT/REGISTRAR AGREEMENT THIS AGREEMENT entered into as of May 10, 1988, (this "Agreement"), by and between the City of Corpus Christi, Texas (the "Issuer"), and First City Bank of Corpus Christi, Corpus Christi, Texas, a banking association duly organized and exist- ing under.the laws of the State of Texas, (the "Bank"). RECITALS WHEREAS, the Issuer has dully authorized and provided for the issuance of its "City of Corpus Christi, Texas, Combination Tax and Tax Increment Revenue Certificates of Obligation, Series 1988 (Tax Increment Financing Zone Project)" (the "Securities") in the aggregate principal amount of $10,565,000, such Securities to be issued in fully registered form only as to the payment of principal and interest thereon; and WHEREAS, the Issuer has selected the Bank to serve as Paying Agent/Registrar in connection with the payment of the principal of, premium, if any, and interest on said Securities and with respect to the registration, transfer and exchange thereof by the registered owners thereof; and WHEREAS, the Bank has agreed to serve in such capacities for and on behalf of the Issuer and has fully power and autho- rity to perform and serve as Paying Agent/Registrar for the Securities; NOW, THEREFORE, it is mutually agreed as follows: ARTICLE ONE APPOINTMENT OF BANK AS PAYING AGENT AND REGISTRAR Section 1.01. Appointment. The Issuer hereby appoints the Bank to serve as Paying Agent with respect to the Securities, and, as Paying Agent for the Securities, the Bank shall be responsible for paying on behalf of the Issuer the principal, premium (if any), and inte- rest on the Securities as the same become due and payable to the registered owners thereof; all in accordance with the Agreement and the "Bond Resolution" (hereinafter defined). The Issuer hereby appoints the Bank as Registrar with respect to the Securities and, as Registrar for the Securities, the Bank shall keep and maintain for and on behalf of the Issuer books and records as to the ownership of said Securities and with respect to the transfer and exchange thereof as provided herein and in the "Bond Resolution." The Bank hereby accepts its appointment, and agrees to serve as the Paying Agent and Registrar for the Securities. Section 1.02. Compensation. As compensation for the Bank's services as Paying Agent/Registrar, the Issuer hereby agrees to pay the Bank the fees and amounts set forth in Annex A attached hereto for the first year of this Agreement and thereafter the fees and amounts set forth in the Bank's current fee schedule therein effect for services as Paying Agent/Registrar for municipali- ties, which shall be supplied to the Issuer on or before 90 days prior to the close of the Fiscal Year of the Issuer, and shall be effective upon the first day of the following Fiscal Year. In addition, the Issuer agrees to reimburse the Bank upon its request for all reasonable expenses, disbursements and advances incurred or made by the Bank in accordance with any of the provisions hereof (including the reasonable compensation and the expenses and disbursements of its agents and counsel). ARTICLE TWO DEFINITIONS Section 2.01. Definitions. For all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: "Acceleration Date" on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accele- rated pursuant to the terms of the Security. "Bank Office" means the principal corporate trust office of the Bank as indicated on page 12 hereof. The Bank will notify the Issuer in writing of any change in location of the Bank Office. "Bond Resolution" means the resolution, order, or ordinance of the governing body of the Issuer pur- suant to which the Securities are issued, certified by the Secretary or any other officer of the Issuer and delivered to the Bank. "Fiscal Year" means the fiscal year of the Issuer, ending July 31st or such other date as may be established by Issuer with written notice to Bank. "Holder" and "Security Holder" each means the Per- son in whose name a Security is registered in the Security Register. "Issuer Request" and "Issuer Order" means a written request or order signed in the name of the Issuer by the Mayor, City Secretary, City Manager, Assis- tant -City Manager or Director of Finance, any one or more of said officials, and delivered to the Bank. "Legal Holiday" means a day on which the Bank is required or authorized to be closed. "Person" means any individual, corporation, part- nership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision of a government. "Predecessor Securities" of any particular Secur- ity means every previous Security evidencing all or a portion of the same obligation as that evidenced by such particular Security (and, for the purposes of this definition, any mutilated, lost, destroyed, or stolen Security for which a replacement Security has been registered and delivered in lieu thereof pursuant to Section 4.06 hereof and the Resolu- tion). "Redemption Date" when used with respect to any Bond to be redeemed means the date fixed for such redemption pursuant to the terms of the Bond Reso- lution. "Responsible Officer" when used with respect to the Bank means the Chairman or Vice Chairman of the Board of Directors, the Chairman or Vice Chairman of the Executive Committee of the Board of Direc- tors, the President, any Vice President or Assis- tant Vice President, the Secretary, any Assistant Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant Cashier, any Trust Offi- cer or Assistant Trust Officer, or any other offi- cer 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 corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particu- lar subject. "Security Register" means a register maintained by the Bank on behalf of the Issuer providing for the registration and transfer of Securities. "Stated Maturity" means the date specified in the Bond Resolution the principal of a Security is scheduled to be due and payable. Section 2.02. Other Definitions. 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 Paying Agent, the Bank shall, provided adequate collec- ted funds have been provided to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the principal 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 collec- ted 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 pay- ment date, to the Holders of the Securities (or their Predeces- sor 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 risk and expense. Section 3.02. Payment 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. ARTICLE FOUR REGISTRAR Section 4.01. Security Register - Transfers and Ex- changes. The Bank agrees to keep and maintain for and on behalf of the Issuer, and to make available at the Bank Office, books and records (herein sometimes referred to as the "Security Regis- ter") for recording the names and addresses of the Holders of the Securities and the transfer, exchange and replacement of the Securities and the payment of the principal of and interest on the Securities to the Holders and containing such other information as may be reasonably 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 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 and 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 an exchange or transfer and the written instrument of transfer or request for exchange duly executed by the Holder, or his duly authorized agent, in form and manner satisfactory to the Paying Agent/Registrar. Section 4.02. Certificates. The Issuer shall provide an adequate inventory of printed Securities to facilitate transfers or exchanges thereof. The Bank covenants that the inventory of printed Securities will be kept in safekeeping pending their use and reasonable care will be exercised by the Bank in maintaining such Securities in safekeeping, which shall not be less than the care maintained by the Bank for debt securities of other governments or corpo- rations for which its serves as registrar, or that is main- tained for its own securities. Section 4.03. Form of Security Register. The Bank, as Registrar, will maintain the Security Regis- ter relating to the registration, payment, transfer and ex- change 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 those which the Bank has currently avail- able and currently utilized 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. Section 4.04. List of Security Holders. The Bank will provide the Issuer at any time requested by the Issuer, 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. The Bank will not release or disclose the contents of the Security Register to any person other than to, or at the writ- ten request of, an authorized officer or employee of the Issuer, except upon receipt of a subpoena or court order. Upon receipt of a subpoena or court order the Bank will notify the Issuer so that the Issuer may contest the subpoena or court order. Section 4.05. Destruction of Cancelled Certificates. The Bank will, at such reasonable intervals as it deter- mines, deliver to the Issuer, evidence that Securities in lieu of which or in exchange for which other Securities have been issued, or which have been paid, have been destroyed. Section 4.06. Mutilated, Destroyed, Lost or Stolen Secur- ities. The Issuer hereby instructs the Bank, subject to the pro- visions of Section 10 of the Bond Resolution, to deliver and issue Securities in exchange for or in lieu of mutilated, destroyed, lost, or stolen Securities as long as the same does not result in an overissuance. In case any Security shall be mutilated, or destroyed, lost or stolen, the Bank, in its discretion, may execute and deliver a replacement Security of like form and tenor, and in the same denomination and bearing a number not contempo- raneously outstanding, in exchange and substitution for such -6- mutilated Security, or in lieu of and in substitution for such destroyed, lost or stolen Security after (i) the filing by the Holder thereof with the Bank of evidence satisfactory to the Bank of the destruction, loss or theft of such Security, and of the authenticity of the ownership thereof and (ii) the furnish- ing to the Bank of indemnification in an amount satisfactory to hold the Issuer and the Bank harmless. All expenses and charges associated with such indemnity and with the prepara- tion, execution and delivery of a replacement Security shall be borne by the Holder of the Security mutilated, or destroyed, lost or stolen. Section 4.07. Transaction Information to Issuer. 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 exchange for or in lieu of mutilated, destroyed, lost, or stolen Securities pursuant to Section 4.06. ARTICLE FIVE THE BANK Section 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 5.02. Reliance on Documents, Etc. (a) The Bank may conclusively rely, as to the truth of the statements and correctness of the opinions expressed there- in, on certificates or opinions furnished to the Bank. (b) The Bank shall not be liable for any error of judg- ment made in good faith by a Responsible Officer, unless it shall be proved that the Bank was negligent in ascertaining the pertinent facts. (c) 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 here- under, 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 its against such risks or liability is not assured to it. (d) The Bank may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, state- ment, instrument, opinion, report, notice, request, direction, -7- consent, order, bond, note, security, or other paper or docu- ment 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 Securities, but is protected in acting upon receipt of Securities containing an endorsement or instruction of transfer or power of transfer which appears on its 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 resolution, certificate, state- ment, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security, or other paper or docu- ment supplied by Issuer. (e) The Bank may consult with counsel, and the written advice of such counsel or any opinion of counsel shall be full and complete authorization and protection with respect 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 hereunder and perform any duties hereunder either directly or by or through agents or attorneys of the Bank. Section 5.03. Recitals of Issuer. The recitals contained herein with respect to the Issuer and in the Securities shall be taken as the statements of the Issuer, and the Bank assumes no responsibility for their correctness. The Bank shall in no event be liable to the Issuer, any Holder or Holders of any Security, or any other Person for any amount due on any Security from its 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 segregated 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 -8- remaining unclaimed for four years after final maturity of the Security has become due and payable will be paid by the Bank to the Issuer, and the Holder of such 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. Indemnification. 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 perfor- mance of any of its powers or duties under this Agreement. Section 5.07. Interpleader. The Issuer and the Bank agree that the Bank may seek adjudication of any adverse claim, demand, or controversy over its person as well as funds on deposit, in either a Federal or State District Court located in the State and County where 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 and the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent juris- diction to determine the rights of any Person claiming any interest herein. Section 5.08. DT Services. It is hereby represented and warranted that, in the event the Securities are otherwise qualified and accepted for "Depository Trust Company" services or equivalent depository trust services by other organizations, the Bank has the capa- bility and, to the extent within its control, will comply with the "Operational Arrangements," effective August 1, 1987, which establishes requirements for securities to be eligible for such type depository trust services, including, but not limited to, requirements for the timeliness of payments and funds avail- ability, transfer turnaround time, and notification of redemp- tions and calls. ARTICLE SIX MISCELLANEOUS PROVISIONS Section 6.01. Amendment. This Agreement may be amended only by an agreement in writing signed by both of the parties hereto. -9- 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 12. Section 6.04. Effect of Headings. The Article and Section headings herein are for conven- ience only and shall not affect the construction hereof. Section 6.05. Successors 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 any 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, shall give to any Person, other than the parties hereto and their successors hereunder, any benefit or any legal or equitable 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 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. Counterparts. This Agreement may be executed in any number of counter- parts, each of which shall be deemed an original and all of which shall constitute one and the same Agreement. Section 6.10. Termination. This Agreement will terminate (i) on the date of final payment of the principal of and interest on the Securities to the Holders thereof or (ii) may be earlier terminated by either party upon sixty (60) days' written notice; provided, however, an early termination of this Agreement by either party shall not be effective until (a) a successor Paying Agent/Registrar has been appointed by the Issuer and such appointment accepted and (b) notice given to the Holders of the Securities of the appointment of a successor Paying Agent/Registrar. Further- more, the Bank and Issuer mutually agree that the effective date of an early termination of this Agreement shall not occur at any time which would disrupt, delay or otherwise adversely affect the payment of the Securities. Upon an early termination of this Agreement, the Bank agrees to promptly transfer and deliver the Security Register (or a copy thereof), together with other pertinent books and records relating to the Securities, to the successor Paying Agent/Registrar designated and appointed by the Issuer. The provisions of Section 1.02 and of Article Five shall survive and remain in full force and effect following the termination of this Agreement. Section 6.11. Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Texas. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. [SEAL] Attest: Title: FIRST CITY BANK OF CORPUS CHRISTI, Corpus Christi, Texas By: Executive Vice President Address: 615 Upper North Broadway P. O. Box 780 Corpus Christi, Texas 78403 (City Seal) City Secretary APPROVED: DAY OF HAL GEORGE, CITY ATTORNEY By Assistant City Attorney CITY OF CORPUS CHRISTI, TEXAS By: City Manager Address: 1201 Leopard Street P. O. Box 9277 Corpus Christi, Texas 78469 , 1988 1114/.BC8 -12- l First Cit}• Bank of Corpus Christi FEE SCHEDULE P. 0. Box 4666 Corpus Christi. Texas '8469 (512) 884-3051 PIRSTC11Y© REGISTRAR & PAYING AGENT REGISTRAR AND PAYING AGENT Authentication and Delivery of Bonds (No Trusteeship) Each $5,000 of Bonds Issued $ .50 Minimum $500.00 Initial Registration: Per Bond $ 1.25 Minimum $500.00 Imprint of initial holders' names, per bond $ .50 Account Administration: First $10,000,000 principal amount, per million $ 50.00 Excess over $10,000,000, per million $ 25.00 Registrar: Per Bond Issued $ 5.00 Per Bond Cancelled $ .75 Replacement of lost, stolen or destroyed securities, per transaction $ 25.00 Retirement of Bonds/Debentures For retirement at maturity or by call as a whole: First 100 Bonds/Debentures (each) $ 3.00 Next 400 Bonds/Debentures (each) $ 2.00 Excess over 500 Bonds/Debentures (each) $ 1.00 For retirement by partial call, tender offer or by purchase: First 100 Bonds/Debentures (each) $ 4.00 Next 400 Bonds/Debentures (each) $ 3.00 Excess over 500 Bonds/Debentures (each) $ 2.00 Annex A - Page 1 of 3 :Member First Cit}' Bancorporation of Texas, Inc. Page Two FEE SCHEDULE Registered Interest/Principal Disbursement Each check $ 1.00 Minimum charge (per payment period) $150.00 Destruction of Bonds Sorting, listing and destroying (per registered bond) $ .20 Minimum charge (per destruction) $ 75.00 Miscellaneous Services Bondholder/Debentureholder list preparation (per account) $ .04 Bondholder/Debentureholder mailing (per account) $ .05 I.R.S. Form 1099 preparation and filing (per account) $ .10 Minimum Fee per list/mailing $ 50.00 Minimum Annual Fee for Registrar and Paying Agent $500.00 EXTRAORDINARY SERVICES Charges for performing any Corporate Trust Service not specifically covered in this schedule will be determined by an appraisal of the services rendered. ADDITIONAL CHARGES The fees shown in this schedule are intended to be minimum fees and, accordingly, are subject to increase if the circumstances attending a particular issue or account so warrant. Furthermore, they do not include counsel fees or any other expenses or disbursements. All out-of-pocket expense such as stationery, binders, checks, forms, printing, envelopes, etc. will be added, at cost, to the regular fee for services. Postage, courier charges, registered mail and insurance charges will be billed in addition to all other fees and charges. THIS FEE SCHEDULE MAY BE SUBJECT TO REVISIONS AND FEES SHOWN ON THIS SCHEDULE ARE NOT GUARANTEED FOR ANY PERIOD OF TIME. Annex A - Page 2 of 3 ESCROW FEE FOR CITY OF CORPUS CHRISTI TAX INCREMENT FINANCING ESCROW Annual Charge• $500.00 Deposit, Purchase, Sale or Maturity of Investments; each $ 30.00 Holding Charge per Security, per month $ 3.50 Arbitrage Calculations Hourly Rate The above schedule assumes all investment decisions are directed by the City or its Agent. Annex A - Page 3 of 3 Corpus Christi, Texas l6 day of The above resolution was passed by the following vote: Betty N. Turner > 4 David Berlanga, Sr. Leo Guerrero Clif Moss Bill Pruet Mary Rhodes Frank Schwing, Jr. Mary Pat Slavik Linda Strong 99.066.01 20303 , 198Z THE STATE OF TEXAS COUNTY OF NUECES AFFIDAVIT OF PUBLICATION § BEFORE ME, the undersigned authority on this day personally appeared of the , a newspaper published in th City,of CoirChrisPgannef4x'i e;dho, being by me duly sworn, ilei'n `'od'e s a sl �a nsd s a y s: That said newspaper is of general circulation in the City of Corpus Christi, Texas, and that the attached "NOTICE OF INTENTION TO ISSUE CITY OF CORPUS CHRISTI, TEXAS, CERTIFICATES OF OBLIGATION", hereto attached, was published in said newspaper in its issues of , 1988; and AprlI 11 , 1988; April 18 and said newspaper devotes not less than twenty-five percent (25%) of its total column lineage to items Df general interest, is published not less frequently than once each week, entered as second-class postal matter in the county where it is published and has been published regularly and continuously for not less than twelve (12) months prior to the date of the publication of said "NOTICE OF INTENTION TO ISSUE CITY OF CORPUS CHRISTI, TEXAS, CERTIFICATES OF OBLIGATION Senior Accounting Clerk SWORN TO AND SUBSCRIBED BEFORE ME, this the day , 1988. :Daly (Notary Seal) 1 1 2 4 3 h No-tary ublic, State of Te My Co fission Expires: TA*I Count t the City pits r- ity 1 ce of _I c' of fin+ Ito e be known ashy of Corpus Chpatt, ,. , ation t Tax and ref' en Fund I Revenue of Obli- r gation, x988 (Tax Inoremierut Mone Proj- `rot to % for a t ip the t corpus, ' taro- ifh le of ,ereto it*,for bier king Fi- hf any jut ma f given. uu the provi Cof of as