CITY OF RAPLER NOTICE OF A REGULAR MEETING Notice is hereby given that a Regular Meeting of the Governing Body of the City of Ranger, Texas, will be held on Monday, April 12, 2021 at 5:30 p.m. in City Hall, 400 West Main Street Ranger, Texas. The following subjects will be discussed, to wit: Agenda Item 01: Call to Order- Mayor Pilgrim Roll Call/Quorum Check Invocation of Prayer Pledge of Allegiance to the United States Flag Pledge of Allegiance to the Texas Flag Agenda Item 02: Citizen'sl Presentation-At this time, anyone on the list will be allowed to speak on any matter other than personnel matters or matters under litigation, for al length oft time not to exceed THREE minutes. No Council/Board discussion or action may take place on a matter until such matter has been placed on an agenda and posted in accordance with law. Agenda Item 03: Announcements from City Council or Staff-Comments may be made by council or staff, BUT NO ACTION TAKEN on the following topics without specific notice. Those items include: Expressions of' Thanks, Congratulations or Condolence; Information on Holiday schedules; Recognition of public officials, employees or citizens other than employees or officials whose status may be affected by the council through action; Reminders of community events or announcements involving an imminent threat to the public health and Agenda Item 04: Discuss/Consider: approval of the city council meeting minutes for the regular meeting on March 22, 2021. - Savannah Fortenberry, City Secretary Agenda Item 05: Discuss/Consider: approval of the CodeRED Emergency Notification Agenda Item 06: Discuss/Consider: amending the City of Ranger General and Utility Budget for the current fiscal year of 2020/2021, adjusting line items for revenues and expenditures. Agenda Item 07: Discuss/Consider: all matters incidental and related to the issuance and sale of the City of Ranger, Texas General Obligation Refunding Bonds, Tax-Exempt Series 2021, including the adoption of Ordinance No. 2021-04-12-B authorizing the issuance of the bonds, establishing parameters for the sale and issuance of such bonds, and delegating certain matters to City officers to act on its behalfi in selling the bonds. - Gerald Gunstanson, City Manager safety of the people of the municipality. System. -Matt Fox, RVFD Savannah Fortenberry, Finance Director CITYOFRANGER COUNCIL MEETING AGENDA-A APRIL 12, 4 2021 CONTINUED Agenda Item 08: Discuss/Consider: all matters incidental and related to the issuance and sale of the City of Ranger, Texas General Obligation Refunding Bonds, Taxable Series 2021, including the adoption of Ordinance No. 2021-04-12-C authorizing the issuance of the bonds, establishing parameters for the sale and issuance of such bonds, and delegating certain matters to City officers to act on its behalf in selling the bonds. - Gerald Gunstanson, City Manager Agenda Item 09: Discuss/Consider: RESOLUTION NO. 2021-04-12-1: Al RESOLUTION OF THE CITY COMMISSION OF RANGER, TEXAS, AUTHORIZING THE SUBMISSION OF A' TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM APPLICATION TO' THE TEXAS DEPARTMENT OF AGRICULTURE FOR THE DOWNTOWN REVITALIZATION PROGRAM: FUND; AND. AUTHORIZINGTHE: MAYOR AND' THE CITY MANAGER TO. ACT AS THE CITY'S EXECUTIVE OFFICERS AND AUTHORIZED REPRESENTATIVES IN ALL MATTERS PERTAINING TO THE CITY'S PARTICIPATION INTHE TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT! PROGRAM.- Gerald Agenda Item 10: Discuss/Consider: RESOLUTION NO. 2021-04-12-J: A RESOLUTION OF THE CITY COMMISSION OFTHE CITY OFRANGER, DETERMININGTHAT AN AREA OF THE CITY CONTAINS CONDITIONS WHICH ARE DETRIMENTALTOTHE PUBLIC HEALTH, SAFETY, AND WELFARE OF THE COMMUNITY AND CONSTITUTES A Agenda Item 11: Discuss/Consider: RESOLUTION NO. 2021-04-12-K: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANGER, TEXAS, AUTHORIZINGTHE SUBMISSION OF A TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM APPLICATION TO THE TEXAS DEPARTMENT OF AGRICULTURE FOR THE 2021-2022 COMMUNITY DEVELOPMENT FUND; AND AUTHORIZING THE MAYOR OR CITY MANAGER TO ACT AS THE CITY'S EXECUTIVE OFFICERS AND AUTHORIZED REPRESENTATIVES IN ALL MATTERS PERTAININGTO THE CITY'S PARTICIPATION INTHE TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM.- Gerald Agenda Item 12: Discuss/Consider: adopting a Citizen Participation Plan for the City of Agenda Item 13: Discuss/Consider: publicizing Requests for Proposals (RFPs) for health insurance for City of Ranger employees. -John Casey, Commissioner Place 3 Agenda Item 14: Discuss/Consider: Establish and approve adjustments to rates for Evergreen Agenda Item 15: Discuss/Consider: approving the After Action Review on the 2021 Winter Storm impacts for the City of Ranger. -Robert Butler Commissioner Place 2 Agenda Item 16: Discuss/Consider: Ordinance No. 2021-04-12-A: AN ORDINANCE OF THE CITY OF RANGER, TEXAS, ADOPTING RULES AND RATES FOR THE EVERGREEN CEMETERY; PROVIDING Al PENALTY CLAUSE; PROVIDING FOR SEVERABILITY; OPEN MEETING CLAUSES; AND ESTABLISHING AN EFFECTIVE DATE. -Robert Butler Gunstanson, City Manager SLUM AND: BLIGHTED AREA.- Gerald Gunstanson, City Manager Gunstanson, City Manager Ranger. - Gerald Gunstanson, City Manager Cemetery services. - Larry Monroe, Commissioner Place 1 Commissioner Place 2 CITY OF RANGER COUNCIL MEETING AGENDA- - APRIL 12,2 2021 CONTINUED Agenda Item 17: Discuss/Consider: Consent Items; the Approval of Monthly Department Reports: Finance Report- Director Savannah! Fortenberry Library Report- Librarian Diana McCullough REDC 4A Report- President Robert Butler REDC 4BI Report- President Steve Gerdes Municipal Court Report-Judge Tammy Archer Agenda Item 18: Discuss/Consider: Adjournment Fire/EMS Report- Chief Darrel Fox Police Department- Manager Gerald Gunstanson Animal Control/Code Enforcement- Bradley Keyser Public Works Report- Director Robert Alvarez I,the undersigned authority, dol hereby certify that the above notice of meeting of the Governing Body of the City of Ranger isa true and correct copy of said notice on the bulletin board at the City Hall of the City of Ranger, a place convenient and readily available to the general public at all times, and notice was posted by 5:30 p.m., April 9, 2021 and remained posted for 721 hours preceding the scheduled time of the meeting. awenalfortenbeny Savannah Fortenberry, Ranger City Secretary NOTICEC OF ASSISTANCE The City council reserves the right toc convene intol Executive Session concerning any of thei items listed ont this agenda under the authority oft the Mayor, wheneveri itis consideredi necessary and legally justified under the Open! Meetings Act. Ranger City Halla and Council Chambers are wheelchair: accessible and accessible parking spaces are available. Request for accommodation ori interpretives services must ber made 481 hours priort to this meeting. Please contact City Secretary's office at (254) 647-3522 fori information ora assistance. This Notice was removed from the outside bulletin board on by. CITY OF RAER REGULAR MEETING MINUTES Al Regular Meeting oft the Governing Body of the City of Ranger, Texas, was held on Monday, March 22, 2021 at 5:30 p.m. in City Hall, 400 West Main Street Ranger, Texas. The following subjects were discussed, to wit: Honorable Joe Pilgrim CommissionerLarry, Monroe Commissioner Robert Butler Commissioner John Casey Commissioner Brittni Boykin City Manager Gerald Gunstanson City Secretary Savannah Fortenberry Public Works Director Robert Alvarez Honorable Tammy S. Archer COUNCIL MEMBERS AND CITY STAFF PRESENT: Mayor Place 1 Place 2 Place 3 Place 4 Agenda Item 01: Call to Order- Mayor Pilgrim Roll Call/Quorum Check- Savannah Fortenberry Invocation of Prayer- John Casey Pledge of Allegiance to United States Flag- Mayor Pilgrim Pledge of Allegiance to Texas Flag- Mayor Pilgrim Agenda Item 02: Citizen's Presentation: No Participation. Agenda Item 03: Announcements from City Council or Staff- 1. Commissioner Butler reminded the Public there will be a workshop held at the Ranger Community Center on Saturday, March 27 from 12pm-4pm regarding the Winter Weather Response Plan. 2. Mayor Pilgrim announced City Hall would be closed on April 2, in observance of Good Friday. 3. City Manager, Gerald Gunstânson, stated the tire trailer was very successful. He estimated there are about 1,000 tires that were collected. Mr. Gunstanson thanked Darwin Archer and the West Agenda Item 04: Discuss/Consider: approval of the city council meeting minutes for the regular meeting on February 22, 2021 and the regular meeting on March 8, 2021. - Savannah *Motion made by Commissioner Casey to approve the city council meeting minutes for the regular meeting on February 22, 2021 and the regular meeting on March 8, 2021 and Commissioner Monroe 2nd the motion. All Ayes and Motion Passed. Central Texas Council of Governments for the donation of the tire trailer. Fortenberry, City Secretary CITY OF RANGER COUNCIL MEETING MNUTES-MARCH2 22,2021 CONTINUED Agenda Item 05: Discuss/Consider: presentation and approval of the Annual Audit prepared by Cameron Gulley, CPA for the fiscal year of 2019/2020- Gerald Gunstanson, City Manager *Motion made by Commissioner Casey to approve the Annual Audit prepared by Cameron Gulley, CPA for the fiscal year of 2019/2020 and Commissioner Butler 2nd the motion. All Ayes Agenda Item 06: Discuss/Consider: FIRST READING OF ORDINANCE NO. 2021-04-12-A; WHICH WOULD BE KNOWN AS THE "CEMETERY ORDINANCE OF THE CITY OF RANGER": AN ORDINANCE OF THE CITY OF RANGER, TEXAS, PROVIDING FOR ESTABLISHMENT OF REGULATIONS, RULES, AND RESPONSIBILITIES REGARDING THE CITY OFI RANGER'S! EVERGREEN CEMETERY; REPEALING ALL PREVIOUS ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT WITH THIS ORDINANCE; PROVIDING Al PENALTY CLAUSE; PROVIDING SEVERABILITY CLAUSE; EFFECTIVE DATE AND OPEN MEETING CLAUSES; AND PROVIDING FOR RELATED MATTERS.- *Motion made by Commissioner Butler to table Agenda Item 6 pending final review by legal services and Commissioner Casey 2nd the motion. All Ayes and Motion Passed. Agenda Item 07: Discuss/Consider: Establishing and approving al Fee Schedule for Evergreen *Motion made by Commissioner Monroe to table Agenda Item 7 until the April 12th meeting; bringing an expanded fee schedule before council and Commissioner Boykin 2nd the motion. All Agenda Item 08: Discuss/Consider: Discussion on establishing a resolution that establishes a centralized Fee Schedule fora all City Services, including various fees, licenses, permits, and rates charged by the Cityof Ranger, Texas. - Robert Butler, Commissioner Place 2 *Motion made by Commissioner Monroe to allow the creation of a centralized Fee Schedule for all City Services, including various fees, licenses, permits, and rates charged by the City of Ranger, Texas, being brought to Council for the. April 12th meeting and Commissioner Casey 2nd Agenda Item 09: Discuss/Consider: RESOLUTION NO. 2021-03-22-F: A RESOLUTION BY THE CITY OF RANGER, TEXAS, ("CITY") REGARDING THE APPLICATION OF ATMOS ENERGY CORPORATION: - MIDTEX DIVISION, TO INCREASE RATES UNDER THE GAS RELIABILITY INFRASTRUCTURE PROGRAM; SUSPENDING THE EFFECTIVE DATE OF THIS RATE APPLICATIONI FOR FORTY-FIVE DAYS; AUTHORIZING THE CITY TO CONTINUE TO PARTICIPATE IN A COALITION OF CITIES KNOWN AS THE "ATMOS TEXAS MUNICIPALITIES: DETERMINING THAT THE MEETING AT WHICH THE RESOLUTION WAS ADOPTED COMPLIED WITH THE TEXAS OPEN MEETINGS ACT; MAKING SUCH OTHER FINDINGS AND PROVISIONS RELATEDTOTHE SUBJECT; AND DECLARING AN EFFECTIVE DATE. -Gerald Gunstanson, City Manager and Motion Passed. Robert Butler, Commissioner Place 2 Cemetery services. - Larry Monroe, Commissioner Place 1 Ayes and Motion Passed. the motion. All Ayes and Motion Passed. Page 2 of3 CITY OF RANGER COUNCIL MEETING MINUTES -MARCH 22, 2021 CONTINUED *Motion made by Commissioner Butler to approve Resolution No. 2021-03-22-Fand Commissioner Boykin 2nd the motion. All Ayes and Motion Passed Agenda Item 10: Convene in Executive Session at' 7:06pm Pursuant to Texas Government Code Section S 551.074 to deliberate the appointment, employment, evaluation, reassignment, duties, or dismissal of a public officer or employee. -J Joe Pilgrim, Mayor Chief of Police Agenda Item 11: Discuss/Consider: Reconvene into Open Session at 8:25pm and take *Motion made by Commissioner Butler to hire Gary Morris pending his final background and accept the resignation of Randy Hooks and Commissioner Boykin 2nd the motion. All Ayes and action from Executive Session - Joe Pilgrim, Mayor Motion Passed. Agenda Item 12: Discuss/Consider: Adjournment 8:26] pm *Motioned by Commissioner Casey to adjourn and Commissioner Monroe 2nd the motion. All Ayes and Motion Passed. These minutes were approved on the 12th dayo ofApril, 2021 CITY OF RANGER, TEXAS Joel Pilgrim, Mayor ATTEST: Savannah Fortenberry, City Secretary Page 3of3 MCCALL PARKHURST & HORTON Focused on Public Finance since 1919. April 12, 2021 Members ofthe City Commission City of Ranger 400 W. Main Street Ranger, Texas 76470 Re: Proposed City of Ranger, Texas General Obligation Refunding Bonds, Taxable Series 2021 and 2021 Ladies and Gentlemen: Proposed City of Ranger, Texas General Obligation Refunding Bonds, Tax-Exempt Series Thej purpose ofthis engagement letterist tos set forth certain matters concerning the services we will perform as bond counsel to the City of Ranger, Texas (the "Issuer") in connection with the issuance of the above-referenced refunding bonds (the Tax-Exempt Bonds" and the "Taxable Bonds," and, collectively, the "Bonds"). We understand that the Tax-Exempt Bonds are being issued for the purpose of refunding up to $875,000 in aggregate principal amount of the Issuer's Combination Tax and Waterworks and Sewer System Revenue Certificates of Obligation, Series 1998 and that the Taxable Bonds are being issued for the purpose ofr refunding up to $645,000 of thel Issuer's Waterworks: and Sewer System. Revenue Bonds, Series 2005 (collectively, the' "Refunded Bonds"). The Bonds will be issued in accordance with respective ordinances to be adopted by the City Commission (the Commission") on the date hereof that will authorize the issuance of the Bonds (collectively, the "Ordinance"). We also understand that the Bonds willl be secured by aj pledge of an ad valorem tax levied by the Issuer, within the limits prescribed by law. We further understand that the Bonds will be authorized to be sold by the Commission by delegation in accordance with the Ordinance, which shall appoint thel Mayor ort the City Manager to act as aj pricing officer (the' "Pricing Officer")int the manner set forth in Section 1207.007, Texas Government Code, on behalf of the Issuer. In accordance with such delegation, the Pricing Officer will be authorized to sell the Bonds to a purchaser or purchasers (collectively, the "Underwriter"). The Bonds will be sold only in accordance with the direction of the Commission as set forth in Section 3 of the respective Ordinance. The date that the Bonds are priced and the sale negotiated, as aforesaid, is herein referred to as the "Sale Date." 600 Congress Ave. Suite 2150 Austin, Texas 78701 T512.478.3805 F512.472.0871 7171 North Harwood Two Allen Center Dallas, Texas 75201 Houston, Texas 77002 112E. Pecan Street San Antonio, Texas 78205 T210.225.2800 F210.225.2984 Suite 900 T214.754.9200 F214.754.9250 1200 Smith Street, Suite 1550 Suite 1310 T713.980.0500 F713.980.0510 www.mphlegal.com A. THE FINANCING As Bond Counsel to the Issuer, we would like for the Commission to understand how the issuance ofthe Bonds willl be effected and the ramifications ofthe financing. Iwill briefly describe the procedures and certain applicable law that pertains to the issuance of the Bonds, below. However, you should feel free to call me at any time to discuss any questions that you or your staff (1) The Bonds are being issued to provide debt service savings with respect to the Issuer's future debt service payments. You should discuss the full impact ofthe debt service restructuring (2) The Bonds will be "ordered to be issued" when and if the Commission approves the Ordinance. The Ordinance provides for certain terms of the Bonds, and delegates to the Pricing Officer other terms of the Bonds. Among the matters approved in the Ordinance or delegated to the Pricing Officer are: (i) the terms of the Bonds, including the principal amortization schedule and interest rates; (ii) the Issuer's commitment to levy its debt service tax each year in an amount sufficient toj pay the debt service on1 thel Bonds; (iii) the sale ofthe Bondsi tot the Underwriter; (iv)the approval ofthis engagement letter; (v)a approvalofapaying agent agreement for each series of the Bonds in accordance with which you will make semiannual payments sufficient to pay the debt service on the Bonds; (vi) instructions to the paying agent for thel Refunded Bonds to giver notice tot the holders ofthe Refunded Bonds that they are being called forredemption; (vii) approval ofthe use ofane escrow agreement ord other deposit agreement whereby thej proceeds ofthel Bonds will be used to pay the debt service on the respective series oft the Refunded Bonds; (viii) certain other covenants of the Issuer that are designed to allow the Issuer to issue the' Tax-Exempt Bonds as tax-exempt obligations for purposes of Federal tax law and (ix) covenants oft the Issuer to provide on-going disclosures to the public markets in accordance with Rule 15c2-12 of the Securities and Exchange Commission, ifrequired. As you can see from the foregoing description, the Ordinance is an omnibus undertaking ofthe Issuer that isi intended toj provide for all actions and undertakings that are required forthei issuance ofthel Bonds. There will be other certificates and letters that will be required to be executed by officers oft the Issuer on the Sale Date, but they all spring (3) As noted above, the Bonds will be sold tot the Underwriter in accordance with the provisions ofthe Ordinance and, in addition, the Underwriter will want the Issuer to sign Bond Purchase Contracts or others sale agreements (the' "Sale Contract") on the Sale Date that will: setf forthi the terms oft the sale ofthe Bonds. We will review the Sale Contract, but you should know that itwill commit the Issuer to sell the Bonds to the Underwriter at the price to be negotiated between the Issuer and the Underwriter. In addition, the Sale Contract may contain representations of the Issuer to the Underwriter to the effect that the Issuer is authorized to issue the Bonds and that it has made full disclosure to the Underwriter and the bond investors ofall material information. As a condition to the Underwriter's payment for the Bonds, the Underwriterwill require this firm to deliver our Bond Counsel opinions tot them, in which we may have. with Hilltop Securities Inc., your financial advisor. from, and are authorized by, the Ordinance. 2 will opine that the Bonds are valid obligations of the Issuer and that, assuming ongoing compliance by the Issuer with the provisions ofthe Ordinance, thei interest ont the' Tax-Exempt Bonds will be exempt from federal income taxation. The Sale Contract will also require the delivery of an opinion oft the Texas Attorney General approving the Bonds, as is required by State law. Asaresult ofther representations ofthel Issuer in the Sale Contract, ifthere are any unusual financial orl legal circumstances affecting the Issuer that would make the covenants, representations or statements made by the Issuer in the Sale Contract untrue, you should let the Underwriter, your financial advisor and/or the undersigned know about them as soon as (4) You should know that the purchase price for the Bonds may be somewhat higher than the principal amount ofthe Bonds. This is because additional proceeds may be generated by the sale of certain of the Bonds at a premium. The premium, if any, can be used to fund the escrow fund created by the escrow agreement, mentioned above, and to pay costs ofissuance oft the Bonds. The premium will be taken into account in determining the savings from the (5) The Underwriter may offer the Bonds into the public debt markets prior to the time that the Commission meets to accept the Underwriter's offerf fort the Bonds. Through this process, the Bonds will be "priced" -i.e., interest rates and premiums or discounts, ifany, for the Bonds will be established. On the Sale Date, the Pricing Officer will consider the terms offered to the Issuer by the Underwriter based upon the market conditions and other factors that determine interest rates and pricingi information. In connection with thec offeringo ofthe Bonds, the Pricing Officer will be authorized to approve an offering document called an "Official Statement" that contains financial and operating data concerning the Issuer, and information that describes the Bonds. Thel Issueri is responsible for the information thati is contained in the Official Statement to the extent that it describes the Bonds and the Issuer. Some information in the Official Statement will bej prepared by others, including the Underwriter, and thel Issuer is not responsible for that information. As your Bond Counsel, we will review the Official Statement to ensure that thei information describing the Bonds and the Ordinance. are correct. Asl Bond Counsel, we do not review other areas ofthe Official Statement. Ifyouknowofany information that an investor would consider to be material in order to make an investment decision, and that information is omitted from, or incorrect in, the Official Statement, the possible. refunding, which will be calculated by your financial advisor. Underwriter needs to know, sO that it can correct the Official Statement. B. SCOPE OF ENGAGEMENT Int this engagement, we have performed, or expect toj perform, the following duties: (1) Subjectto the completionofproceednggstoursatisaction, renderourl legal opinion (the "Bond Opinion"), regarding the validity and binding effect of the Bonds, the source of payment and security fort the Bonds, and the excludabilityofimterest on the' Tax-Exempt Bonds from gross income for federal income tax purposes. 3 (2) Prepare and review documents necessary or appropriate to the authorization, issuance and delivery of the Bonds, coordinate the authorization and execution of such (3) Assist the Issuer in seeking from other governmental authorities such approvals, permissionsand exemptions as we determine are necessary ora appropriate in connection with the authorization, issuance and delivery of the Bonds, except that we will not be responsible for any required federal ors state securities law filings. Int thisc connection, we particularly undertake to assist the Issuer in having the Bonds approved by the Public Finance Division of the Office of the Texas Attorney General, and, following such documents, and review enabling legislation. approval, registered by the Texas Comptroller of Public Accounts. (4) Review legal issues relating to the structure of the Bond issue. (5) Review those sections oft the Official Statement to be disseminated in connection with the sale oft the Bonds which describe the Bonds, the Ordinance pursuant to which they will bei issued and thet tax-exempt treatment ofthei interest on the' Tax-Exempt Bonds for (6) Ifrequested, assist thel Issuer inj presenting information to bond rating organizations: and bond insurers relating to legal issues affecting the issuance oft the Bonds. (7) Draft the continuing disclosure undertakings of the Issuer, ifrequired. Our Bond Opinions will be delivered by us on the date the Bonds are exchanged for their purchase price (the "Closing"). The Issuer will be entitled to rely on our Bond Opinions. The Bond Opinions will be based on facts and law existing as ofi its date. In rendering our Bond Opinions, we will rely upon the certified proceedings and other certifications of public officials and other persons furnished to us without undertaking to verify the same by independent investigation, and we will assume continuing compliance! by thel Issuerwitha applicable lawsr relating to the Bonds. During the course of this engagement, we will rely on you to provide us with complete andtimelyinformation nonalldevelopments; pertaining to any aspect ofthe Bondsandt their security. We understand that you will direct members of your staff and other employees of the Our duties in this engagement are limited to those expressly set forth above. Unless we are separately engaged in writing top performotherservices, our duties doi noti include any otherservices, purposes off federal income taxation. Issuer to cooperate with us in this regard. including the following: (1) Except as described ins sections A and B above, assisting in the preparation orr review of an official statement or any other disclosure document with respect to the Bonds, assisting in the preparation of, or opining on, a continuing disclosure undertaking pertaining to the Bonds or, after Closing, providing advice concerning any actions 4 necessary to assure compliance with any continuing disclosure undertaking, or, in connection with the issuance oft the Bonds, performing an independent investigation to determine the accuracy, completeness or sufficiency ofany such document or rendering advice that the official statement or other disclosure document does not contain any untrue statement ofa material fact or omit to state a material fact necessary to make the statements containedi therein, inl lightofthecirc.umsances: under which they were made, (2) Preparingrequests: for taxi rulings from thel Internal Revenue Service, ornoa action letters (3) Preparing state securities law memoranda or investment surveys with respect to the not misleading. from the Securities and Exchange Commission. Bonds. (4) Drafting state constitutional or legislative amendments. (5) Pursuing test cases or other litigation. (6) Making ani investigation or expressing any view as to the creditworthiness ofthe Issuer (7) Representing the Issuer in Internal Revenue Service examinations or inquiries, or (8) After Closing, providing continuing advice to the Issuer or any other party concerning anyactionsi necessary to assure that interest paido lont the' Tax-Exempt! Bonds will continue to be excludable from gross income for federal income tax purposes (e.g., our ort the Bonds. Securities and Exchange Commission investigations. engagement does not include rebate calculations for the Bonds). (9) Negotiating the terms of, or opining as to, any investment contract. (10) Addressing gany othermatterr nots specifically set forth above thati is noti requiredt itorender our Bond Opinion. ATTORNEY-CLIENT RELATIONSHIP Upon execution ofthis engagement letter, the Issuer will be our client and an attorney-client relationship will exist between us. We further assume that all other parties in this transaction understand that we represent only the Issuer in this transaction, we are not counsel to any other party, and we are not acting as an intermediary among the parties. Our services as bond counsel are limited to those contracted for in this letter; the Issuer's execution of this engagement letter will constitute an acknowledgment ofthose limitations. Our representation ofthel Issuerv will not affect, however, our responsibility to render an objective Bond Opinion. 5 Our representation ofthel Issuer yda-y.at byt thise engagement letter will be concluded upon issuance ofthe Bonds. Nevertheless, subsequent to Closing, we will mail the: appropriate Internal Revenue Service Form 8038, prepare and distribute to thej participants in the transaction a transcript of the proceedings pertaining to the Bonds. CONFLICTS As you are aware, our firm represents many political subdivisions and investment banking firms, among others, who do business with political subdivisions. Iti is possible that during the time that we are representingi the Issuer, one ormore ofour present ori future clients willl havet transactions with the Issuer. It is also possible that we may be asked to represent, in an unrelated matter, one or more oft the entities involved in the issuance oft the Bonds. We do not believe such representation, ifitoccurs, will adversely affect oura ability to represent you: as providedi in this letter, either because such matters will be sufficiently different from the issuance of the Bonds sO as to make such representations. not adverse to our representation ofy you, ort because the potential for such adversity is remote or minor and outweighed by the consideration that it is unlikely that advice given to the other client will be relevant to any aspect oft the issuance ofthel Bonds. Execution ofthis letterwill signify the Issuer's consent to our representation of others consistent with the circumstances described in this paragraph. FIRM NOT Al MUNICIPAL ADVISOR Asa.consequence of the adoption of Rule 15Bal-1 pursuant to the Securities Exchange Act of 1934 (the "Municipal Advisor Rule"), which has been promulgated by the Securities and Exchange Commission as a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act"), we hereby inform the Issuer that we are not a "Municipal Advisor" within the meaning of the Municipal Advisor Rule or the Dodd-Frank Act (collectively, the "MA Rule"). In the course of performing our services as Bond Counsel in this transaction, we. may engage in analysis, discussion, negotiation, and advice to the Issuer regarding the legal ramifications of the structure, timing, terms, and other provisions of the financial transaction that culminates with the planned issuance oft the Bonds, and such services and advice may be essential to the development ofthe plan of finance for the issuance oft the Bonds. In turn, these services become, among other things, the basis fort the transaction's basic legal documents, the preparation and delivery of the official statement or any other disclosure document that describes the material terms and provisions oft the transaction, ifan offering document is used int the offering ofthel Bonds, the preparationofther various dhaingemtifasharemba, thet terms andj provisions oft this transaction and the preparation and delivery of our Bond Opinion. Moreover, legal advice and services of a traditional legal nature in the area of municipal finance inherently involve a financial advice component; but we hereby advise the Issuer that while we have expertise with respect to the legal aspects relating to the issuance of municipal securities, we are not "financial advisors" or' "financial experts" in a manner that would subject us to thej provisions ofthe MA Rule. As Bond Counsel, we provide only legal advice, not purely financial advice that is not inherent in our legal advicet toi thel Issuer. The Issuer should: seek the advice ofits financial advisor with respect to the financial aspects ofthe issuance of the Bonds. By signing this engagement letter, the Issuer 6 acknowledges receipt oft this information, and evidences its understanding oft the limitations of our role to the Issuer as Bond Counsel with respect to the MA Rule, as discussed in this paragraph. NO ISRAEL BOYCOTT We hereby represent that during the term oft this agreement we do not, nor will we, boycott Israel, inc compliance with and within the meaningofs0U.S.C. Section 4607 and Section 2270.002, ofthe Texas Government Code. FEES Based upon: (i) the terms, structure, size and schedule of the financing represented by the Bonds; (ii) the duties we will undertake pursuant to this engagement letter; (iii) the time we anticipate devoting to the financing; and (iv) the responsibilities we will assume in connection therewith, our fee for the Tax-Exempt Bonds will be $9,500 and for the Taxable Bonds will be $7,500. The fee includes our services rendered as Bond Counsel, and all client charges made or incurred on your behalf, such as travel costs, photocopying, deliveries, long distance telephone charges, telecopier charges, computer-assisted. research and other expenses. Our fee will be billed after the Closing. Inaddition, ifwe advance the Attorney General filing fee on! behalfofthe Issuer, we will be reimbursed for that payment. RECORDS After the transaction has closed, you will receive ai transcript of! proceedings that contains the primary financing and closing documents related to the transaction. At your request, papers and property furnished by you, and work product belonging to you and to which you are entitled, will be returned promptly. We may have copies of any and all documents made for our: files at our sole cost and expense, to be retained by us. For various reasons, including the minimization of unnecessary storage expenses, we: reserve the right to dispose ofa any documents or other materials retained by us after the closing of each transaction. ELECTRONIC COMMUNICATION AND STORAGE Int thei interestoffacilitating: our services to you, we may send documents, information or data electronically or via the Internet or store electronic documents or data via computer software Plcationshoiedremoey, oru utilize cloud-basedstorage. Yourconfidential. electronic documents ordatai may bet transmitted or stored using these methods. Wei may use third party service providers to store or transmit these documents or data. In using these electronic communication and storage methods, we employ reasonable efforts tol keep such communications, documents and data secure ina accordance with our obligations under applicable laws, regulations, and professional standards; however, you recognize and accept that we have no control over the unauthorized interception or breach of any communications, documents or data once it has been transmitted or ifit has been subject to unauthorized access while stored, notwithstanding all reasonable security measures employed by us or by our third party vendors. By your acceptance ofthis letter, you consent to our 7 use of these electronic devices and applications and submission of confidential client information to or through third party service providers during this engagement. ACCEPTANCE OF TERMS OF ENGAGEMENT Ifthe foregoing terms are acceptable to you, please so indicate by returning the enclosed copy ofthis engagement letter dated and signed by an authorized officer, retaining the original for your files. We look forward to working with you. Respectfully yours, McCall, Parkhurst &1 HortonL.L.P. By Ba Dans. Culver Accepted and Approved City of Ranger, Texas By: Its: Mayor Date: April12,2021 8 ORDINANCE NO. 2021-04-12-B ofthe CITY OF RANGER, TEXAS AUTHORIZING THE ISSUANCE OF CITY OF RANGER, TEXAS TAX-EXEMPT SERIES 2021 GENERAL OBLIGATION REFUNDING BONDS Table of Contents Section 1. Recitals, Amount, Purpose and Designation oft the Bonds. Section 2. Definitions Section 3. Delegation to Pricing Officer Section 4. Characteristics oft the Bonds. Section 5. Form of Bonds. Section 6. Tax Levy. 15 15 16 17 18 18 21 21 21 25 26 27 27 27 28 28 28 S-1 A-1 Section 7. Perfection of Security Interest Section 8. Defeasance of] Bonds. Section 9. Damaged, Mutilated, Lost, Stolen, or Destroyed Bonds Section 10. Custody, Approval, and Registration of Bonds; Bond Counsel's Opinion, CUSIP Numbers and Contingent Insurance Provision, if Obtained. Section 11. Covenants Regarding Tax Exemption ofl Interest on the Bonds. Section 12. Sale ofBonds; Official Statement Section 13. Further Procedures; Appropriation. Section 14. Compliance with Rule 15c2-12 Section 15. Method of Amendment. Section 16. Redemption ofl Refunded Obligations Section 17. Governing Law. Section 18. Severability. Section 19. Events ofDefault Section 20. Remedies for Default Section 21. Remedies Not Exclusive. Section 22. Effective Date. Schedule. I Schedule of] Eligible Refunded Obligations. Exhibit A Written Procedures for Federal Tax Compliance Obligations. ORDIMANCENO10I-0BALTHORIZINCTHEISSUANCEOFCIYOFRANGER, TEXAS GENERAL OBLIGATION REFUNDING BONDS; APPOINTING A PRICING OFFICER AND DELEGATING TO THE PRICING OFFICER THE AUTHORITY TO APPROVE ON BEHALF OF THE CITY THE SELECTION OF BONDS TO BE REFUNDED, THE SALE OF THE BONDS, THE TERMS OF THE BONDS AND THE OFFERING DOCUMENTS FOR THE BONDS; ESTABLISHING CERTAIN PARAMETERS FOR THE APPROVAL OF SUCH MATTERS BY THE PRICING OFFICER; APPROVING THE USE OF AN ESCROW AGREEMENT AND A PAYING AGENTREGISTRAR AGREEMENT; ENGAGING BOND COUNSEL; LEVYING AN ANNUALADVALOREMTAXFORTHEPAYMENTOFTHE BONDS,ANDENACTING OTHER PROVISIONS RELATING TOTHE SUBJECT THE STATE OF TEXAS EASTLAND COUNTY CITY OF RANGER S S S WHEREAS, City of Ranger, Texas (the "Issuer") has previously issued, and there are presently outstanding, the obligations ofthe Issuers styled"City ofRanger, Texas Combination Tax and Waterworks and Sewer System Revenue Certificates of Obligation, Series 1998," which are currently outstanding in the principal amount of $875,000 (the "Eligible Refunded Obligations"); WHEREAS, thel lsuerowdsirsorehmaial: or partofthel Eligiblel RefundedObligations, andt thosel Eligible Refundedo Obligations designated by the Pricing Officerint thel Pricing Certificate, each as defined below, to be refunded are herein referred to as the "Refunded Obligations"; WHEREAS, Chapter 1207,Texas Government Code("Chapter) 1207"), authorizes thel Issuer toi issue refunding bonds and to deposit the proceeds from the sale thereof, and any other available funds or resources, directly with a place of payment (paying agent) for the Refunded Obligations, and such deposit, ifmade before such payment dates, shall constitute the making ofi firm banking and financial arrangements for the discharge and final payment oft the Refunded Obligations; and WHEREAS, the City Commission ofthel Issuerhereby findsa and determinest thati titisapublic purpose andi int the best interests ofthe Issuer to refundi thel Refunded Obligations in order to achieve aj present value debt service savings, with such savings, among other information and terms to be included in a pricing certificate (the "Pricing Certificate") to be executed by the Pricing Officer (hereinafter designated), all in accordance with the provisions of Section 1207.007, Texas Government Code; WHEREAS, all the Refunded Obligations mature or are subject to redemption prior to WHEREAS, the bonds hereafter authorized are being issued and delivered pursuant to said WHEREAS, it is officially found, determined and declared that the meeting at which this Ordinance has been adopted was open to the public, and public notice oft the date, hour, place and maturity within 20 years oft the date oft the bonds hereinafter authorized; Chapter 1207; and subject of said meeting, including this Ordinance, was given, all as required by the applicable provisions ofTex. Gov't Code Ann. ch. 551; NOW, THEREFORE BE IT ORDAINED BY THE CITY OF RANGER: Section 1. RECITALS, AMOUNT, PURPOSE AND DESIGNATION OF THE BONDS. (a) The recitals set forth in the preamble hereofare incorporated herein and shall have the (b) Thel bonds ofthel Issuer arel hereby authorizedt tol be issued and deliveredi int the maximum aggregate principal amount hereinafter set forth fort the public purpose of providing funds to refund thel RefunddObigationsandt topay thec costsi incurred in connection with thei issuance ofthe Bonds. (c) Each bond issued pursuant to this Ordinance shall be designated (unless otherwise provided in the Pricing Certificate): "CITY OF RANGER, TEXAS GENERAL OBLIGATION REFUNDINGBOND,TAX-EXEMPT SERIES2021amdinitaly there shalll bei issued, sold, and delivered hereunder fully registered Bonds, without interest coupons, payable to the respective registered owners thereof (with the initial bonds being made payable to the initial purchaser as described in Section 12 hereof), or to the registered assignee or assignees of said bonds or any portion or portions thereof (in each case, the "Registered Owner"). The Bonds shall be in the respective denominations and principal amounts, shall be numbered, shall mature and be payable on the date or dates in each of the years and in the principal amounts or amounts due at maturity, as applicable, and shall bear interest to their respective dates of maturity or redemption, if applicable, prior to maturity at the rates per annum, as set forth in the Pricing Certificate. Section 2. DEFINITIONS. Unless otherwise expressly provided or unless the context clearly requires otherwise in this Ordinance, the following term shall have the meanings specified same force and effect as ifset forth in this Section. below: "Bonds" means and includes the Bonds initially issued and delivered pursuant to this Ordinance and all substitute Bonds exchanged therefor, as well as all other substitute bonds and replacement bonds issued pursuant hereto, and the term "Bond" shall mean any oft the Bonds. Section 3. DELEGATION TO PRICING OFFICER. (a) As authorized by Section 1207.007, Texas Government Code, as amended, the Mayor or the City Manager are each individually hereby authorized to act on behalfofthe Issuer in selling and delivering thel Bonds (of which officers, the officer executing the Pricing Certificate shall be hereinafter referred to as, and shall for all purposes be, the "Pricing Officer") in one or more series, determining which of the Eligible Refunded Obligations shall be refunded and carrying out the other procedures specifiedi in this Ordinance,i including, determiningt the date ofthe Bonds, any additional or different designation or title by which the Bonds shall be known, the price at which the Bonds will be sold, the years in which the Bonds will mature, the principal amount to mature in each of such years, the rate of interest to be borne by each such maturity, the interest payment and record dates, the price and 2 terms, ifany, upon and at which the Bonds shall be subject to redemption prior to maturity at the option of the Issuer, as well as any mandatory sinking fund redemption provisions, whether the Bonds shall be issued on a tax-exempt basis or on a taxable basis, whether the Bonds shall be designated as "qualified tax-exempt obligations" as defined in section 265(b)(3) of the Internal Revenue Codec of1986, as amended( (the' "Code"),1 limingliebpsofseuris: and obligations that may be used as Defeasance Securities, modifying the Issuersundertaking: pursuant to Rule 15c2-12 as set forthi in Section 14 hereof, and establishing all other matters relating to thei issuance, sale, and delivery ofthe Bonds and the refunding oft the Refunded Obligations, including without limitation establishing the redemption date for and effecting the redemption oft the Refunded Obligations and obtaining bond insurance if bond insurance is deemed beneficial to the Issuer to achieve the objectives oft the refunding, all ofwhich shall be pecifiedinacertificate ofthel Pricing Officer(the "Pricing Certificate"); provided that: () the aggregate original principal amount ofthe Bonds issued hereunder shall not exceed $1,100,000; (ii) no Bond shall mature after February 15, 2038; (iii) the true interest cost for the Bonds shall not exceed 4.25%; and (iv) the refunding achieved by the Bonds sold in accordance with this Ordinance must produce debt service savings of at least 5.5% measured on a present value basis as a percentage of the principal amount oft the Refunded Obligations refunded with the Bonds, with such savings to be net of any Issuer contribution to the refunding and net ofthe costs (b) In establishing the aggregate principal amount of the Bonds, the Pricing Officer shall establish an amount not exceeding the amount authorized in Subsection (a) above, which shall be sufficient in amount to provide fort thej purposes for which thel Bonds are authorizedandi toj pay costs of issuing the Bonds. The delegation made hereby shall expire if not exercised by the Pricing Officer on or prior to the date that is six months after the adoption ofthis Ordinance. The Bonds shall be sold at such price, with and subject to such terms as set forth in the Pricing Certificate. (c) The Bonds may be issued as Current Interest Bonds or Capital Appreciation Bonds, or ac combination thereof, as set forth in the Pricing Certificate. The Bonds may be sold by public offering (eithert through a negotiated or competitive offering) or by private placement. Ifthe Bonds ares sold by private placement, the Pricing Certificate shall sO state, and the Pricing Certificate may make changes to this Ordinance to effect such private placement, including the provisions hereof that pertain to the book-entry-only procedures (including eliminating the book-entry-only system of registrations, payment and transfers) and to the provisions of Section 14 hereof relating to the Rule 15c2-12u undertaking (including eliminating or replacing such undertaking with an agreement toj provide alternative disclosure information). In addition, ift the Bonds are sold ini more than one series, and one of such series is an issue with respect to which the interest on the Bonds ofs such series is not exempt from federal income taxation, the Pricing Certificate shall SO state and may ofissuance. 3 make changes to this Ordinance to effect such taxable issuance, including, specifically providing that the covenants of Section 11 hereof shall not be applicable to such series. (d) In the event any of the Bonds are issued as Capital Appreciation Bonds, the Pricing Certificate shall have attached thereto a schedule which sets forth the rounded original principal amounts at the issuance date for the Capital Appreciation Bonds and the Compounded Amounts thereof(per $5,000 payment at maturity), including thei initial premium, ifany, as ofeach date and commencing on the date set forth in such schedule. (e) Iti is hereby found and determined that the refunding of the Refunded Obligations is advisable and necessary in order to restructure the debt service requirements oft the Issuer, and that the debt service requirements on the Bonds will be less than those on the Refunded Obligations, resulting in a reduction int the amount of principal and interest which otherwise would be payable. The Refunded Obligations are subject to redemption, at the option of the Issuer, and the Pricing Officer is hereby authorized to cause all ofthel Refunded Obligations to be called fort redemptionon the respective date or dates consistent with the savings analysis set forth in Section 3(a)(iv) hereof, andi the proper notices ofsuchi redemptioni to be given, and ine each case at: a redemption price ofp par, plus saccrued interest tot the date fixed: forredemption. Ini furtherance ofauthority granted by Section 1207.007(b), Texas Government Code, the Pricing Officer is further authorized to enter into and execute on behalf of the Issuer with the escrow agent named therein, an escrow agreement, in substantially thei formj presented tot the City Commission at the meeting at whichi this Ordinance was adopted and as shall be approved by the Pricing Officer, which escrow agreement will provide for the payment ini full ofthe Refunded Obligations (the' "Escrow Agreement"). Inaddition, thel Pricing Officer is authorized to purchase such securities with proceeds of the Bonds, including, without limitation, to execute such subscriptions for the purchase oft the United States Treasury Securities State and Local Government Series or other United States Treasury or United States Agency securities that may be purchased in the open market, and to transfer and deposit such cash from available funds, as may be necessary or appropriate for the escrow fund described in the Escrow Agreement. (f) In satisfaction of Section 1201.022()0)(B), Texas Government Code, the City Commission hereby determines that the delegation ofthe authority tot the Pricing Officer to approve the final terms oft the Bonds set forth in this Ordinance is, and the decisions made by the Pricing Officer pursuant to such delegated authority and incorporated into the Pricing Certificate will be, int thel Issuer's besti interests, and thel Pricing Officeris! hereby authorized to make and include int the Pricing Certificate a finding to that effect. Section4. CHARACIEISICSOP THE BONDS. (a). Registration. Transfer. Conversion and Exchange. Thel Issuers shalll keep or cause to be kept at the principal corporate trust officeofthe bank named in the Pricing Certificate as the paying agent/registrar for the Bonds (the "Paying AgentRegistrar)t books or records for the registration oft the transfer, conversion and exchange of the Bonds (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 registrations of transfers, conversions and exchanges under such reasonable regulations as the Issuer and Paying 4 Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations, transfers,conversions: and exchanges as herein provided wimintaredypofpesmation in due and proper form. The Paying Agent/Registrar shall obtain and record in the Registration Books the address ofthe registered owner ofeach Bond to which payments with respect to the Bonds shall be mailed, as herein provided; but it shall be the duty of each registered owner to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. The Issuer shall have the right to inspect the Registration Books during regular business hours ofthe Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the Registration Books confidential and, unless otherwise required by law, shall not permit theiri inspection by any otherentity. The Issuers shall pay the Paying AgentRegistrar's standard or customary fees and charges forn making such registration, transfer, conversion, exchange and delivery of a substitute Bond or Bonds. Registration of assignments, transfers, conversions and exchanges of Bonds shall be made in the manner provided and with the effect stated in the FORM OF BOND seti forthi int this Ordinance. Each substitute Bond shall bear al letter and/or number to distinguish it from each other Bond. (b) Authentication. Except as provided in Section 4(e) hereof, an authorizedi representative ofthe Paying Agent/Registrar shall, before the delivery ofany such Bond, date and manually sign said Bond, and no such Bond shall be deemed tol bei issued or outstanding unless such Bondiss soex- ecuted. The Paying Agent/Registrar promptly shall cancel all paid Bonds and Bonds surrendered for conversion and exchange. No additional ordinances, orders or resolutions need be passed or adopted by the governing body of the Issuer or any other body or person sO as to accomplish the foregoing conversion: and exchange ofany Bond orp portion thereof, and thel PayingAgenRegistrar shall provide for the printing, execution and delivery of the substitute Bonds in the manner prescribed herein. Pursuant to Subchapter D, Chapter 1201, Texas Government Code, the duty of conversion and exchange ofbondusaforesaidlshemb, imposed upon thel PayingAgenlRegistar, and, upon the execution of said Bond, the converted and exchanged Bond shall be valid, incontestable, and enforceable in the same manner and with the same effect as the Bonds which initially were issued and delivered pursuant to this Ordinance, approved by the Attorney General, and registered by the Comptroller of Public Accounts. (c) Payment of Bonds and Interest. The Issuer hereby further appoints the Paying Agent/Registrar to act as thej paying agent forj paying the principal ofand interest on the Bonds, all as provided in this Ordinance. The Paying Agent/Registrar shall keep proper records of all payments made by the Issuer and the Paying Agent/Registrar with respect to the Bonds, and ofall conversions and exchanges ofBonds, and all replarementsofBonds, as providedi int this Ordinance. However, in the event ofar nonpayment ofinterest on as scheduled payment date, and for thirty (30) days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by thel Paying Agent/Registrar, ifand when funds for the payment ofs such interest have been received from thel Issuer. Notice ofthe Special Record Date and ofthe scheduled payment date oft the past due interest (which shall be 15 days after the Special Record Date) shall bes sent at least five (5) business days prior to the Special Record Date by United States mail, first-class postage prepaid, to the address of each registered owner appearing on the Registration Books at the close ofbusiness on the last business day next preceding the date ofmailing ofs such notice. 5 (d) Substitute Paying Agent/Registrar. The Issuer covenants with the registered owners of the Bonds that at all times while thel Bonds are outstanding the Issuer will provide a competent and legally qualified bank, trust company, financial institution or other agency to act as and perform the services of Paying Agent/Registrar for the Bonds under this Ordinance, and that the Paying Agent/Registrar will be one entity. The Issuer reserves the right to, and may, at its option, change the Paying Agent/Registrar upon not less than 50 days written notice to1 the Paying Agent/Registrar, tol be effective not later than 45 days prior to the next principal or interest payment date after such notice. In the event that the entity at any time acting as Paying Agent/Registrar (ori its successor by merger, acquisition, or other method) should resign or otherwise cease to act as such, the Issuer covenants that promptly it will appoint a competent and legally qualified bank, trust company, financial institution, or other agency to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar, the previous Paying Agent/Registrar promptly shall transfer and deliverthel Registration Books (orac copy thereof), along with all other pertinent books and records relating to the Bonds, to the new Paying Agent/Registrar designated and appointed by thel Issuer. Upon any change in thel Paying Agent/Registrar, the Issuer promptly will cause a written notice thereofto be sent by the new Paying Agent/Registrar to each registered owner oft the Bonds, by United Statesmail, first-class postage prepaid, whichnoticealsoshal, give the address ofthenew Paying Agent/Registrar. By accepting the position and performing as such, each Paying Agent/Registrar. shall be deemed tol have agreed to thej provisions ofthis Ordinance, and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar. (e) General Characteristics of the Bonds. The Bonds (i) shall bei issued in fully registered form, without interest coupons, witht the principal ofand interest on such Bonds to be payable only to the Registered Owners thereof, (ii) may be redeemed prior to theirs scheduled maturities (notice ofwhich shall be given tot the Paying Agent/Registrarl by thel Issuer at least 35 days priortoany such redemption date), (iii) may be transferred and assigned, (iv) may be converted and exchanged for other Bonds, (v) shall have the characteristics, (vi) shall be signed, sealed, executed and authenticated, (vi) the principal of and interest on the Bonds shall be payable, and (viii) shall be administered and the Paying Agent/Registrar and the Issuer shall have certain duties and responsibilities with respect to the Bonds, all as provided, and in the manner and to the effect as required or indicated, in the FORM OF BOND set forth in this Ordinance. The Bonds initially issued and delivered pursuant tot this Ordinance is not required tol be, and shall not be, authenticated by the Paying Agent/Registrar, but on each substitute Bond issued in conversion ofand exchange for any Bond or Bonds issued under this Ordinance the Paying Agent/Registrar shall execute the Paying Agent/registrar's Authentication Certificate, in the FORM OF BOND set forth in this Ordinance. (f) Book-Entry Only System. The Bonds issued in exchange for thel Bonds initially issued to the purchaser specified herein shall be initially issued in the form of a separate single fully registered Bond for eacho ofther maturities thereof. Uponi initiali issuance, thec ownershipc ofeach such Bond: shall be registered in the name ofCede & Co., as nominee ofThe Depository Trust Company ofNew York ("DTC"), and except as providedi ins subsection (g)hereof, alloftheoutstanding. Bonds shall be registered in the name of Cede & Co., as nominee of DTC. 6 With respect to Bonds registered int the name ofCede & Co., as nominee ofDTC, thel Issuer and the Paying Agent/Registrar shall have no responsibility or obligation to any securities brokers and dealers, banks, trust companies, clearing corporations: and certain other organizations on whose behalf DTC was created ("DTC Participant") to hold securities to facilitate the clearance and settlement ofs securities transactions among DTC Participants or to any person on behalfofwhom such al DTC Participant holds an interest int thel Bonds. Without limiting thei immediately preceding sentence, thel Issuer and thel Paying Agent/Registrar shalll have no responsibility or obligation with respect to (i) the accuracy ofthe records ofDTC, Cede & Co. or any DTC Participant with respect to any ownership interest int thel Bonds, (ii)t the delivery to any DTC. Participant or any other person, other than a registered owner of Bonds, as shown on the Registration Books, of any notice with respect to the Bonds, or (ii) the payment to any DTC Participant or any other person, other than a registered owner of Bonds, as shown in the Registration Books of any amount with respect to principal ofc ori interest on the Bonds. Notwithstanding any other provision ofthis Ordinance to the contrary, thel Issuer andi thel Paying Agent/Registrar shalll be entitled to treat and consider thej person in whose name each Bond is registered in the Registration Books as the absolute owner of such Bond fori the purpose cofpaymento ofprincipal. and interest with respect to such Bond, fort the purpose of registering transfers with respect to such Bond, and for all other purposes whatsoever. The Paying Agent/Registrar shall pay all principal ofand interest ont the Bonds only to or upon the order ofthe registered owners, as shown int thel Registration Books as provided in this Ordinance, ortheir respective attorneys duly authorized in writing, and all such payments shall be valid and effective tof fully satisfy and discharge the Issuer's obligations with respect to payment of principal of and interest on the Bonds to the extent oft the sum or sums sO paid. Noj person other than a registered owner, as shownint the Registration Books, shallreceiveaE Bondcertificatee evidencing the obligation ofthe Issuer to make payments of principal and interest pursuant to this Ordinance. Upon delivery by DTC to the Paying Agent/Registrar ofv written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions ini this Ordinance with respect to interest checks being mailed to the registered owner at the close of business on the Record date, the words "Cede & Co." in this Ordinance shall refer to such new nominee ofDTC. (g) Successor Securities Depository: Transfers Outside Book-Entry Only System. In the event that the Issuer determines that DTC isi incapable of discharging its responsibilities described herein and in the representation letter of the Issuer to DTC or that it is in the best interest of the beneficial owners of the Bonds that they be able to obtain certificated Bonds, the Issuer shall (i) appointasucessor: securities depostory,gulifiedioact: ass suchu under Section 17Aofthe Securities and Exchange Act of 1934, as amended, notify DTC and DTC Participants of the appointment of such successor securities depository and transfer one or more separate Bonds to such successor securities depository or (ii) notify DTC and DTC Participants oft the availability through DTC of Bonds and transfer one or more separate Bonds to DTCI Participants having Bonds credited to their DTC accounts. In such event, the Bonds shall no longer be restricted to being registered in the Registration Books in the name of Cede & Co., as nominee ofl DTC, but may be registered in the nameofthe: successor: securities depasilon,orismomine, ori iny whatever name or namesi registered owners transferring or exchanging Bonds shall designate, in accordance with the provisions ofthis Ordinance. 7 (h) Payments to Cede &Co. Notwithstanding any other provision oft this Ordinance to the contrary, SO long as any Bond is registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal ofand interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, in the manner provided in the representation letter of the Issuer tol DTC. (i) Cancellation of Initial Bonds. On the closing date, one initial Bond representing the entire principal amount oft the Current Interest Bonds and one initial Bond representing the entire maturity amount ofthe Capital Appreciation Bonds, payable in stated installments to the order of the initial purchaser oft the Bonds ori its designee, executed by manual or facsimile signature ofthe Mayor and City Secretary,approved by the Attorney GeneralofTexas, andi registered and manually signed by the Comptroller of Public Accounts of the State of Texas, will be delivered to such purchaser or its designee. Upon payment for the initial Bonds, the Paying Agent/Registrar shall cancel thei initial Bond or Bonds and deliver to The Depository Trust Company ("DTC") on behalf of such purchaser one registered definitive Bond for each year of maturity of the Bonds, in the aggregate principal amount ofall ofthe Bonds for such maturity, registered in the name of Cede & Co., as nominee ofDTC. To the extent that the Paying Agent/Registrarise eligible to participate in DTC's FAST System, pursuant to an agreement between the Paying Agent/Registrar and DTC, the Paying Agent/Registrar shall hold the definitive Bonds in safekeeping for DTC. Conditional Notice of Redemption. With respect to any optional redemption of the Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met and moneys sufficient to pay the principal of and premium, ifany, and interest on the Bonds to be redeemed shalll have been received by thel Paying Agent/Registrar prior to the giving ofsuch notice of redemption, such notice shall state that said redemption may, at the option of the Issuer, be conditional upon the satisfaction ofs such prerequisites and receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed for such redemption, or upon any prerequisite set forth in suchi notice ofredemption. Ifa conditional notice ofr redemption is given and such prerequisites tot the redemption and sufficient moneys are notr received, such notice: shalll be ofno force and effect, the Issuer shall not redeem such Bonds and the Paying Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to the effect that the Bonds have not been redeemed. Section 5. FORM OF BONDS. The form of the Bonds, including the form of Paying Agent/Registrar's Authentication Certificate, the form of Assignment and the form of Registration Certificate oft the Comptroller ofPublic Accounts ofthe State ofTexas to be attached to the Bonds initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, withs sucha appropriate variations, omissionsorinserionsas are permittedorr requiredbythis Ordinance, and with thel Bonds to be completed withi information seti forthi int thel Pricing Certificate. The Form ofE Bond shall be completed with information set forth in thel Pricing Certificate and: shall be attached to the Pricing Certificate as an exhibit thereto. (a) [Form of Bond] 8 NO.R- UNITED STATES OF AMERICA STATE OF TEXAS CITY OF RANGER, TEXAS GENERAL OBLIGATION REFUNDING BOND TAX-EXEMPT SERIES 2021 PRINCIPAL AMOUNT $ DATE OF INITIAL DELIVERY OF BONDS INTEREST RATE % MATURITY DATE CUSIP NO. 2021 REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE specified above, the City of Ranger, in Eastland County, Texas (the "Issuer"), being aj political subdivision and municipal corporation oft the State ofTexas, hereby promises toj pay to the Registered Owner specified above, or registered assigns (hereinafter called the "Registered Owner"), on the Maturity Date specified above, the Principal Amount specified above. The Issuer promises to pay interest on the unpaid principal amount hereof (calculated on the basis ofa 360-day year oftwelve 30-day months) from Interest Rate per annum specified above. Interest is payable on at the and semiannually on each and thereafter to the Maturity Date specified above, or the date of redemption prior to maturity; except, ifthis Bond is required to be authenticated and the date ofits authentication is later than the first Record Date (hereinafter defined), such principal amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date ofauthentication is aftera any Record Datel but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds, ifany, for which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such interest has been paid in full. THE. PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money oft the United States ofA America, without exchange or collection charges. The principalofthis) Bond shall be paid to the registered owner hereof upon presentation and surrender oft this Bond at maturity, or upon the date fixed for its redemption prior to maturity, at the principal corporate trust office of Bond. The payment ofi interest on this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof on each interest payment date by check or draft, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, andj payable solely from, funds ofthe Issuer required by the ordinance authorizing the issuance oft this Bond (the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided; and such check in which is the' "Paying Agent/Registrar" for this 9 or draft shall be sent by the Paying Agent/Registrar by United States mail, first-class postage prepaid, on each such interest payment date, to the registered owner hereof, at its address as it appeared on the fifteenth day of the month preceding each such date (the "Record Date") on the Registration Books kept by the Paying Agent/Registrar, as hereinafter described. In addition, interest may be paid by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. In the event of a non-payment ofinterest 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, ifand when funds for thej payment ofsuch interest have been received from thel Issuer. Notice ofthe Special Record Date and oft the scheduled payment date ofthe past duei interest (which shall be 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first-class postage prepaid, to the address of each owner ofa Bond appearing on the Registration Books at the close of business on the last business day next preceding the date of mailing ofs such notice. ANY ACCRUED INTEREST due at maturity or upon the redemption oft this Bond prior to maturity as provided herein shall be paid to the registered owner upon presentation and surrender of this Bond for payment or redemption at the designated corporate trust office of the Paying Agent/Registrar. Thel Issuer covenants withi ther registered ownerofthis Bondi that on orb beforeeach principal payment date andi interest payment date fort this Bond it will make available tot the Paying Agent/Registrar, from the "Interest and Sinking Fund" created by the Bond Ordinance, the amounts required to provide fort the payment, ini immediately available funds, ofall principal ofand interest on the Bonds, when due. IF THE DATE for any payment of the principal of or interest on this Bond 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 Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall bet the next succeeding day that is not such a Saturday, Sunday, legal holiday or day on which bankingi institutions are: authorizedi toc close; and payment on such date shall have the same force and effect as if made on the original date payment was due. THIS BOND is one ofas series of] Bonds dated authorized in accordance with the Constitution and laws oft the State ofTexas in the principal amount of$ purpose of providing funds to refund a portion oft the Issuer's outstanding obligations. for the ON or on any date thereafter, the Bonds ofthis series that mature on or after may ber redeemed priortotheirs scheduled maturities, att the option ofthel Issuer, with funds derived from any available and lawful source, as a whole, or in part, and, ifinj part, the particular Bonds, or portions thereof, tol be redeemed shall be selected and designated by the Issuer (provided that a portion ofa Bond may be redeemed only in an integral multiple of $5,000), at a redemption; price equal tot thep principal amount tol ber redeemed plus accruedi interest to the date fixed for redemption. 10 ATLEAST: 30 days prior to the date fixed for any redemption of Bonds or portions thereof prior to maturity a written notice ofsuch redemption shall bes sent by thel Paying Agent/Registrar by United States mail, first-class postage prepaid, at least 30 days prior to the date fixed for any such redemption, to the registered owner of each Bondi to be redeemed ati its address as ita appeared on the 45th day prior to such redemption date; provided, however, that the failure oft the registered owner to receive suchi notice, or any defect therein or ini the sending or mailing thereof, shall not affect the validity or effectiveness oft the proceedings for the redemption of any Bond. By the date fixed for any such redemption due provision shall be made with the Paying Agent/Registrar for the payment oft the required redemption price for the Bonds or portions thereof that are to be sO redeemed. If such written notice of redemption is sent and if due provision for such payment is made, all as provided above, thel Bonds or portionst thereofthataret to bes SO redeemedt therelyautomatically. shall bet treated as redeemed prior to their scheduled maturities, and they shall not bear interest after the date fixed for redemption, and they shall not be regarded as being outstanding except for the right ofthe registered owner to receive the redemption price from the Paying Agent/Registrar out oft the funds provided for suchj payment. Ifaj portion ofany Bond shall be redeemed, a substitute Bond or Bonds having the same maturity date, bearing interest at the same rate, in any denomination or denominations in any integralr multiple of$5,000, at the written request ofthe registered owner, and in aggregate principal amount equal to the unredeemed 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 Bond Ordinance. ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without interest coupons, in the denomination of any integral multiple of$5,000. As provided in the Bond Ordinance, this Bondi may, att the request ofthe registered owner or the assignee or assignees hereof, beas assigned, transferred, converted into and exchangedi foral like aggregate principal amount offully registered Bonds, without interest coupons, payable to the appropriate registered owner, assignee or assignees, as the case may be, having the same denomination or denominations in any integral multiple of $5,000 as requested in writing by the appropriate registered owner, assignee or assignees, as the case may be, upon surrender of this Bond to the Paying Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance. Among other requirements for such assignment and transfer, this Bond must be presented and surrenderedi tot the Paying Agent/Registrar, togetherwith properinstruments. ofassignment, ini form and withg guarantee ofsignaturesatisfactoy toi thel Paying AgetRegstar,evidemcing: assignment oft this Bond or any portion or portions hereofin any integral multiple of $5,000 to the assignee or assignees in whose name or names this Bond or any such portion or portions hereofis or are to be registered. The form of Assignment printed or endorsed on this Bond 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 ofthis Bond or any portion or portions hereoffrom time to time byt the registeredowner. The Paying Agent/Registrar's reasonable standard or customary fees and charges for assigning, transferring, converting and exchanging any Bond or portion thereofwill be paid by the Issuer. In any circumstance, any taxes or governmental charges required to be paid with respect thereto shall be paid by the one requesting such assignment, transfer, conversion or exchange, as a condition precedent to the exercise of such privilege. The Paying Agent/Registrar shall not be required to 11 make any such transfer, conversion, or exchange (i) during the period commencing with the close of business on any Record Date and ending with the opening of business on the next following principal or interest payment date, or (ii) with respect to any Bond or any portion thereofo called for redemption prior to maturity, within 45 days prior to its redemption date. INTHEI EVENT any Paying Agent/Registrar: forthel Bondsi is changed by thel Issuer, resigns, or otherwise ceases to act as such, the Issuer! has covenanted in thel Bond Ordinance that itj promptly will appoint a competent and legally qualified substitute therefor, and cause written notice thereof to be mailed to the registered owners ofthe Bonds. ITI IS HEREBY certified, recited and covenanted that this Bond has been duly and validly authorized, issued and delivered; that all acts, conditions and things required or proper to be performed, exist and be done precedent to orint theauthorization, issuance and delivery ofthis Bond have been performed, existed and been done in accordance with law; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal oft this Bond, as such interest comes due and suchj principal matures, have been levied and orderedt tol be levied against all taxable property in said Issuer, and havel been pledged for such! payment, within the limit prescribed by law, all as provided in the Bond Ordinance. THE ISSUER HAS RESERVED THE RIGHT to amend the Bond Ordinance as provided therein, and under some (but not all) circumstances amendments thereto must be approved by the registered owners ofai majority in aggregate principal amount oft the outstanding Bonds. BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the terms and provisions oft the Bond Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Bond Ordinance is duly recorded and available for inspection in the official minutes and records oft the governing body oft the Issuer, and agrees that the terms and provisions oft this Bond and the Bond Ordinance constitute a contract between each registered owner hereofand the Issuer. IN WITNESS WHEREOF, the Issuer has caused this Bond tol be signed with the manual or facsimile signature oft the Mayor of the Issuer (ori ini the absence oft the Mayor, by the Mayor Pro- tem) and countersigned with the manual or facsimile signature oft the City Secretary oft the Issuer, and has caused the official seal oft the Issuer to be duly impressed, or placed in facsimile, on this Bond. (signature) City Secretary (signature) Mayor (SEAL) 12 (b) [Form of Paying Agent/Registrar's Authentication Certificate] PAYING. AGENTREGISTRARS AUTHENTICATION CERTIFICATE (To be executed ifthis Bond is not accompanied by an executed Registration Certificate oft the Comptroller ofPublic Accounts of the State ofTexas) Iti is hereby certified that this Bond has been issued under the provisions of the Bond Ordinance described in the text oft this Bond; and that this Bond has been issued in conversion or replacement of, ori ine exchange for, al Bond, Bonds, or a portion ofa Bond or Bonds ofa series that originally was approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts oft the State ofTexas. Dated: Paying Agent/Registrar Authorized Representative By: (c) [Form of Assignment ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto Please insert Social Security or Taxpayer Identification Number ofTransferee: Please print or typewrite name and address, including zip code ofTransferee: the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, toregistert thet transfer of the within Bond on the books kept for registration thereof, with full power ofs substitution in the premises. Dated: Signature Guaranteed: 13 NOTICE: Signature(s) must be guaranteed by NOTICE:The: signature above must correspond ane eligible guarantori institution participating in with the name of the registered owner as it a securities transfer association recognized appears upon the front of this Bond in every signature guarantee program. particular, without alteration or enlargement or any change whatsoever. (d) [Form ofl Registration Certificate oft the Comptroller ofl Public Accounts] COMPTROLLERS REGISTRATION CERTIFICATE: REGISTER NO. Ihereby certify that this Bond has been examined, certified as to validity and approved by the Attorney General of the State of Texas, and that this Bond has been registered by the Comptroller of Public Accounts of the State ofTexas. Witness my signature and seal this ComptrollerofPublic. Accounts oft the State ofTexas COMPTROLLERS SEAL) (e) [Initial Bond Insertions] (i) The initial Bond shall be in the form set forth is paragraph (a) of this Section, except that: A. immediately under the name of the Bond, the headings "Interest Rate" and "Maturity Date" shall both be completed with the words "As shown B. the first paragraph shall be deleted and the following will be inserted: below" and "CUSIP No. ' shall be deleted. "THE CITY OF RANGER, TEXAS, in Eastland County, Texas (the "Issuer"), being a political subdivision. andi municipal corporation ofthe State ofTexas, hereby promises toj pay tot the Registered apafaisnsemhend assigns( (hereinafterealledthe "Registered Owner"), on ine each ofthe years, in the principal installments and bearing interest at the per annum rates set forth ini the following schedule: Principal Amounts Interest Rates Principal Amounts Interest Rates Years Years 14 The Issuer promises toj pay interest on the unpaid principal amount hereof(Calculated on the basis ofa 360-day: year oftwelve 30-day months) from annum specified above. Interest is payable on at the respective Interest Rate per and semiannually on each and thereafter to the date of payment of the principal installment specified above, or the date of redemption prior to maturity; except, that ifthis Bond is required to be authenticated and the date of its authentication is later than the first Record Date (hereinafter defined), such Principal Amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date ofauthentication is after any Record Date but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that ifon the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such interest has been paid in full." C. The Initial Bond shall be numbered "T-1." Section 6. TAXI LEVY. A special "Interest and Sinking Fund" is hereby created and shall be established and maintained by the Issuer at an official depository bank of said Issuer. Said Interest and Sinking Fund shall bel kept separate and apart from all other funds and accounts ofsaid Issuer, and shall be used only forj paying the interest on and principal ofs said Bonds. All amounts received from the sale oft thel Bonds as accrued interest shall be deposited upon receipt to thel Interest and Sinking Fund, and all ad valorem taxes levied and collected for and on account ofs said Bonds shall be deposited, as collected, to the credit of said Interest and Sinking Fund. During each year while any ofsaid Bonds are outstanding: andu unpaid, the governing! bodyofsaidI Issuershall compute and ascertain a rate and amount of ad valorem tax that will be sufficient to raise and produce the money required to pay the interest on said Bonds as such interest comes due, and toj provide and maintain a sinking fund adequate toj pay the principal ofs said Bonds as such principal matures (but never less than 2% oft the original amount ofs said Bonds as a sinking fund each year); and said tax shall be based on the latest approved taxi rolls ofsaid Issuer, with fullallowances being made fortax delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax is hereby levied, and is hereby ordered to be levied, against all taxable property in said Issuer, for each year while any ofs said Bonds are outstanding and unpaid, and said tax shall be assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment oft the interest on and principal of said Bonds, as suchi interest comes due and such principal matures, arel hereby pledged for such payment, within the limit prescribed by law. Iflawfully available moneys ofthe Issuer are actually on deposit int the Interest and Sinking Fund in advance ofthet time when ad valorem taxes are scheduled to bel levied fora any year, then the amount oftaxest that otherwise would have been required tol be levied pursuant 15 to this Section may be reduced to the extent and! by the amount oft the lawfully available funds then on deposit in the Interest and Sinking Fund. Section 7. PERFECTION OF SECURITY INTEREST. Chapter 1208, Texas Government Code, applies to the issuance of the Bonds and the pledge of the taxes granted by the Issuer under this Section, and ist therefore valid, effective, and perfected. Should Texas law be amended at any time whilet thel Bondsa are outstandingandumpaid, ther csultofsuchamendment beingt that thej pledge of the taxes granted by the Issuer under this Section is to be subject to the filing requirements of Chapter 9, Business & Commerce Code, in order to preserve to the registered owners of the Bonds as security interest in said pledge, the Issuer agrees to take such measures as it determines are reasonable and necessary under Texas law to comply with the applicable provisions of Chapter 9, Business & Commerce Code and enable a filing of a security interest in said pledge to occur. Section 8. DEFEASANCE OF BONDS. (a) Any Bond and the interest thereon shall be deemed to be paid, retired, and no longer outstanding (a' "Defeased Bond") within the meaning of this Ordinance, except to the extent provided in subsection (d)ofthis Section, when payment of the principal ofs such Bond, plusi interest thereon toi the due date (whether such due date be by reason of maturity or otherwise) either (i) shall have been made or caused to be made in accordance with the terms thereof, or (ii) shall have been provided for on or before such due date by irrevocably depositing with or making available to the Paying Agent/Registrar in accordance with an escrow gpemmtoroherinsnmemt (the' "Future Escrow. Agrememt)orsuchpuymemtDlawi.lmony, oft the United States of America sufficient to make such payment or (2) Defeasance Securities that mature as to principal and interest in such amounts and at such times as will insure the availability, without reinvestment, of sufficient money to provide for such payment, and when proper arrangements have been made by the Issuer with the Paying Agent/Registrar for the payment ofits services until alll Defeased Bonds shall have become due and payable. Ats such time as al Bond shall be deemed to be a Defeased Bond hereunder, as aforesaid, suchl Bond and the interest thereon shall no longer be secured by, payable from, or entitled to the benefits of, the ad valorem taxes herein levied and pledged as provided in this Ordinance, and such principal and interest shall be payable solely from such money or Defeasance Securities, and thereafter the Issuer will have no further responsibility with respect to amounts available to the Paying Agent/Registrar (or other financial institution permitted by applicable law) for the payment of such Defeased Bonds, including any insufficiency therein caused by the failure of the Paying Agent/Registrar (or other financial institution permitted by applicable law) to receive payment when due ont thel Defeasance Securities. Notwithstanding: any other provisionc ofthisC Ordinance tothe contrary, itish hereby provided that any determination not to redeem Defeased Bonds that is made in conjunction with the payment arrangements specified ins subsection 8(a)(i) or (ii) shall not bei irrevocable, provided that: (1)i in the proceedings providing fors such payment arrangements, thel Issuerexpressly reserves ther rightt to call the Defeased Bonds for redemption; (2) gives notice of the reservation of that right to the owners of the Defeased Bonds immediately following the making of the payment arrangements; and (3) directs that notice of the reservation be included in any redemption notices that it authorizes. (b) Any moneys SO deposited with the Paying Agent/Registrar may at the written direction ofthel Issueralsol bei invested inl Defeasance Securities, maturing int the amounts andt times as herein- 16 before set forth, and all income from such Defeasance Securities received by the Paying Agent/Registrar that ist not required fort the payment ofthe Bonds and interest thereon, with respect to which such money has been sO deposited, shall be turned over to the Issuer, or deposited as directed in writing by the Issuer. Any Future Escrow Agreement pursuant to which the money and/or Defeasance Securities are held for the payment ofDefeased Bonds may contain provisions permitting the investment or reinvestment of such moneys in Defeasance Securities or the substitution of other Defeasance Securities upon the satisfaction of the requirements specified in subsection 8(a)(i) or (ii). All income from such Defeasance Securities received by the Paying Agenukegstrarwhicisnotrequired fort the payment ofthe Defeased Bonds, with respect to which such money has been: SO deposited, shall ber remitted to the Issuer or deposited as directed in writing by the Issuer. (c) Thet term "Defeasance Securities". means any securities and obligations now or hereafter authorized by State law that are eligible to refund, retire or otherwise discharge obligations such as the Bonds. (d) Until all Defeased Bonds shall have become due and payable, the Paying Agent/Registrar shall perform the services ofl Paying Agent/Registrar for such Defeased Bonds the same asiftheyl had not been defeased, and thel Issuer shall make properarrangements: toj providea and pay for such services as required by this Ordinance. (e) Int the event that thel Issuere elects to defease less than allo lofthe principal amount ofBonds ofamaturity, thel Paying Agent/Registrar: shall: select, or cause tol be selected, such amount ofBonds by such random method as it deems fair and appropriate. Section 9. DAMAGED, MUTILATED, LOST,STOLEN, OR DESTROYED BONDS. (a) Replacement Bonds. In the event any outstanding Bond is damaged, mutilated, lost, stolen, or destroyed, thel PayingAgenvRegistrar shall cause tol bej printed, executed, anddelivered, a newb bond ofthe same principal amount, maturity, andi interest rate, as the damaged, mutilated, lost, stolen, or destroyed Bond, in replacement for such Bond in the manner. hereinafter provided. (b) Application for Replacement Bonds. Application for replacement of damaged, mutilated, lost, stolen, or destroyed Bonds shall be made by the registered owner thereofto the Paying Agent/Registrar. Inevery case ofloss, theft, or destruction ofa Bond, the registered owner applying forar replacement bond shall furnish to the Issuer and tot the Paying Agent/Registrar such security or indemnity as may be required by them to save each oft them harmless from any loss or damage with respect thereto. Also, in every case of loss, theft, or destruction of a Bond, the registered owner. shall furnish to the Issuer and to the Paying Agent/Registrar evidence to their satisfaction of the loss, theft, or destruction of such) Bond. In every case of damage or mutilation ofa Bond, the registered owner shall surrender to the Paying Agent/Registrar for cancellation the Bond SO damaged or mutilated. (c) No Default Occurred. Notwithstanding the foregoing provisions ofthis Section, in the event any such Bond shall have matured, and no default has occurred which is then continuing in 17 the payment ofthe principal oforinterest ont the Bond, the Issuer may authorize the payment of the same (without surrender thereof except in the case of a damaged or mutilated Bond) instead of issuing a replacement Bond, provided security or indemnity is furnished as above provided in this Section. (d) Charge for Issuing Replacement Bonds. Priort tot thei issuance ofany replacement bond, thel Paying Agent/Registrar shall charge the registered ownerofsuch! Bond with all legal, printing, and other expenses in connection therewith. Every replacement bond issued pursuant to the provisions of this Section by virtue of the fact that any Bond is lost, stolen, or destroyed shall constitute a contractual obligation oft the Issuer whether or not the lost, stolen, or destroyed Bond 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 Bonds duly issued under this Ordinance. (e) Authority for Issuing Replacement Bonds. In accordance with Subchapter B, Chapter 1206, Texas Government Code, this Section shall constitute authority for thei issuance ofa any such replacement bond without necessity of further action by the governing body oft the Issuer or any other body or person, and the duty of the replacement of such bonds is hereby authorized and imposed upon the Paying Agent/Registrar, and the Paying Agent/Registrar shall authenticate and deliver such Bonds in the form and manner and with the effect, as provided in Section 4(b) ofthis Ordinance for Bonds issued in conversion and exchange for other Bonds. Section 10. CUSTODY, APPROVAL, AND REGISTRATION OF BONDS; BOND COUNSEL'S OPINION, CUSIP NUMBERS AND CONTINGENT INSURANCE PROVISION, IFOBTAINED. Thel Mayor ofthel Issuer isl hereby authorized tol have control ofthe Bonds initially issued and delivered hereunder and all necessary records and proceedings pertaining to the Bonds pending their delivery and their investigation, examination, and approval by the Attorney General oft the State ofTexas, and their registration by the Comptroller ofl Public Accounts oft the State of Texas. Upon registration ofthe Bonds said ComptrollerofPublic. Accounts (orac deputy designated inv writing to acti fors said Comptroller): shall manually sign the Comptroller's Registration Certificate attached to suchl Bonds, and the seal ofs said Comptroller: shall bei impressed, or placed ini facsimile, on such Certificate. The approving legal opinion of the Issuer's Bond Counsel and the assigned CUSIP numbers may, att the option ofthe Issuer, bej printed ont the Bonds issued and delivered under this Ordinance, but neither shall have any legal effect, and shall be solely for the convenience and information of the registered owners oft the Bonds. Ifbond insurance is obtained, the Bonds may bear an appropriate legend as provided by the insurer. Section 11. COVENANTS REGARDING TAX. EXEMPTION OF INTEREST ON THE BONDS. Subject to the determination oft the Pricing Officer, as set forth in the Pricing Certificate astot thet treatment ofthel Bonds as taxable ort tax-exempt obligations pursuant tot the Code, thel Issuer makes the following covenants with respect to the Bonds, in the event that the Bonds are issued as obligations the interest on which is exempt from federal income taxation. 18 (a) Covenants. The Issuer covenants to take any action necessary to assure, or refrain from any action which would adversely affect, the treatment of the Bonds as obligations described in section 103 oft the Code, the interest on which is noti includable int the "gross income" oft the holder forj purposes of federal income taxation. In furtherance thereof, the Issuer covenants as follows: (1) to take any action to assure that no more than 10 percent of the proceeds of the Bonds or the projects financed therewith (less amounts deposited to a reserve fund, ifany) are used for any private business use," as defined in section 141(b)(6) of the Code or, if more than 10 percent oft the proceeds or the projects financed therewith are sO used, such amounts, whether or notr received by the Issuer, with respecttos such private business use, do not, under the terms ofthis Ordinance or any underlying arrangement, directly ori indirectly, secure or provide for the payment ofmore than 10j percent ofthe debt service on thel Bonds, inc contravention of section 141(b)(2) oft the Code; (2) to take any action to assure that in the event that the "private business use" described in subsection (1) hereof exceeds 5 percent of the proceeds of the Bonds or the projects financed therewith (less amounts deposited into a reserve fund, if any) then the amount ine excess of5 percent is used fora' "private business use" which is' "related" and not dsypopntionm'wiltinte: meaning ofsection 1410)0)oftheCode, tot the governmental use; (3) to take any action to assure that no amount which is greater than the lesser of $5,000,000, or 5j percent ofthej proceeds ofthe Bonds (less amounts depositedi into ar reserve fund,ifany)is directly orindirectly used to finance loans toj persons, other than state orl local governmental units, in contravention ofs section 141(c) oft the Code; (4) to refrain from taking any action which would otherwise result in the Bonds being treated as "private activity bonds" within the meaning ofs section 141(b) ofthe Code; (5) to refrain from taking any action that would result int thel Bonds being' "federally (6) to refrain from using any portion of the proceeds of the Bonds, directly or indirectly, to acquire or to replace funds which were used, directly or indirectly, to acquire investment property (as defined in section 148(b)(2) of the Code) which produces a materially higher yield overt the term oft the Bonds, other than investment property acquired guaranteed" within the meaning of section 149(b) oft the Code; with - (A) proceeds of the Bonds invested for a reasonable temporary period of3 years orl less or, ini the case ofa refunding bond, forap period of 90 days or less until such proceeds are: needed for the purpose for which the bonds are issued, (B) amounts invested in al bona fide debt service fund, within the meaning ofsection1.148-1() of the Treasury Regulations, and 19 (C) amounts deposited in any reasonably required reserve or replacement fund to the extent such amounts do not exceed 10 percent of the proceeds of the (7) to otherwise restrict the use of thej proceeds oft the Bonds or amounts treated as proceeds of the Bonds, as may be necessary, sO that the Bonds do not otherwise contravene Bonds; the requirements of section 148 of the Code (relating to arbitrage); (8) to refrain from using the proceeds oft the Bonds or proceeds of any prior bonds top pay debt service on another issue more than 90 days after the date ofi issue oft the Bonds inc contravention of the requirements of section 149(d) of the Code (relating to advance refundings); and (9) toj pay to the United States ofA America at least once during each five-year period (beginning on the date ofdelivery ofthel Bonds) an amounti thati is at least equal to 90 percent ofthe "Excess Earnings,' , within the meaning ofs section 148(f) ofthe Code and to pay to the United States of America, not later than 60 days after thel Bonds have been paid in full, 100 percent oft the amount then required to be paid as a result of] Excess Earnings under section (b). Rebate Fund. In order to facilitate compliance with the above covenant (8), a "Rebate Fund" is hereby established by the Issuer for the sole benefit oft the United States of America, and such fund shall not be subject to the claim of any other person, including without limitation the bondholders. Thel Rebate Fundi is established for the additional purposec ofcompliance with section 148(f) ofthe Code. 148 of the Code. (c) Proceeds. The Issuer understands that the term "proceeds" includes "disposition proceeds" as defined in the Treasury Regulations and, in the case of refunding bonds, transferred proceeds (ifa any) and proceeds oft the Refunded Obligations expended prior to the date ofissuance ofthe Bonds. Itist the understanding oft 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 oft the Treasury pursuant thereto. In the event that regulations or rulings are hereafter promulgated which modify or expand provisions ofthe Code, as applicable tot thel Bonds, the Issuer will not be required to comply with any covenant contained herein to the extent that such failure to comply, in the opinion of nationally recognized bond counsel, will not adversely affect the exemption from federal income taxation ofinterest ont the Bonds under section 103 ofthe Code. In the cemthaurg.hatomsernlinge: arel hereafterpromulgated whichi impose additional: requirements which are applicable to the Bonds, the Issuer agrees to comply with the additional requirements to the extent necessary, in the opinion of nationally recognized bond counsel, to preserve the exemption from federal income taxation ofinterest ont the Bonds under section 103ofthe Code. In furtherance of such intention, the Issuer hereby authorizes and directs the Mayor or the City Manager to execute any documents, certificates or reports required by the Code and to make such elections, on behalf oft the Issuer, which may be permitted by the Code as are consistent with the purpose for the issuance of the Bonds. 20 (d) DispositionofProjiect The Issuer covenants that the projects funded with thej proceeds oft the Refunded Obligations will not be sold or otherwise disposed ofin a transaction resulting in the receipt by the Issuer of cash or other compensation, unless any action taken in connection with such disposition will not adversely affect the tax-exempt status oft the Bonds. For purpose oft the foregoing, the Issuer may rely on an Pmomofautoabypind bond counsel that the action taken in connection with such sale or other disposition will not adversely affect the tax-exempt status ofthe Bonds. For purposes ofthe foregoing, the portion oft the property comprising personal property and disposed in the ordinary course shall not be treated as a transaction resulting in the receipt of cash or other compensation. For purposes hereof, the Issuer shall not be obligated to comply with this covenant if it obtains an opinion that such failure to comply will not adversely affect the excludability for federal income tax purposes from gross income ofthe interest. (e) Designation as Qualified Tax-Exempt Obligations. Subject to any statement to the contrary in the Pricing Certificate, the Issuer hereby designates the Bonds as' "qualified tax-exempt obligations", as defined in section 265(b)(3)ofthe Code, conditioned upon the Purchaser certifying that the aggregate initial offering price oft the Bonds to the public (excluding any accrued interest) is no greater than $10 million (or such other amount permitted by such section 265 of the Code). Assuming such conditioni isi met, ini furtherancec ofsuch designation, thel Issuer represents, covenants and warrants the following: (a) that during the calendar year in which the Bonds are issued, the Issuer (including any subordinate entities) has not designatedi nor will designate obligations, which when aggregated with the Bonds, will result in more than $10,000,000 (or such other amount permitted by such section 265 ofthe Code) of"qualified tax-exempt obligations" beingi issued; (b) that the Issuer reasonably anticipates that the amount oftax-exempt obligations issued during the calendar year in which the Bonds are issued, by the Issuer (or any subordinate entities) will not exced$10,000,000: (or such other amount permitted by such section 265 ofthe Code); and, (c) that the Issuer will take such action or refrain from such action as necessary, and as more particularly set forth in this Section, in order that the Bonds will not be considered private activity bonds" within the meaning ofs section 141 oft the Code. Section 12. SALE OF BONDS; OFFICIAL STATEMENT. (a) Thel Bonds shall bes sold and delivered subject to thej provisions of Section 1 and Section 3andj pursuant tot the terms and provisions ofal bond purchase agreement, notice ofsale and bidding instructions or private placement agreement (collectively, the "Purchase Agreement") which the Pricing Officeri is hereby authorizedi to execute and deliverandi in which thej purchasero or purchasers (collectively, the "Purchaser") of the Bonds shall be designated. The Bonds shall initially be registered int the name oft the purchaser thereof as set forth in the Pricing Certificate. (b) The Pricing Officer is hereby authorized, in the name and on behalf of the Issuer, to approve,distribute, anddeliverapreiminaryoficialisuatemem: maaiamaistmasschaig to the Bonds to be used by the Purchaser in the marketing of the Bonds. Section 13. FURTHER PROCEDURES; ENGAGEMENT OF BOND COUNSEL; APPROPRIATION. (a) The Mayero,MiyerPo-temami City Secretary ofthel Issuer andi the City 21 Manager ofthe Issuer and all other officers, employees and agents oft the Issuer, and each ofthem, shall be and they are hereby expressly authorized, empowered and directed from time to time and at any time to do and perform all such acts and things and to execute, acknowledge and deliveri in the name and under the corporate seal and on behalf of the Issuer a Paying Agent/Registrar Agreement with the Paying Agent/Registrar in substantially the form presented to the City Commission at the meeting at which this Ordinance was adopted anda all otherinstruments, whether or not herein mentioned, as may be necessary or desirable in order to carry out the terms and provisionsofthis Ordinance, theLetter ofRepresentations, the Bonds, the sale ofthe Bonds and the Official Statement. Notwithstanding: anything tot the contrary contained herein, while thel Bondsare subject to DTC's Book-Entry Only System and to the extent permitted by law, the Letter of Representations is hereby incorporated herein and its provisions shall prevail over any other provisions of this Ordinance in the event of conflict. In case any officer whose signature shall appear on any Bond shall cease to be such officer before the delivery ofs such Bond, such signature shall nevertheless be valid and sufficient for all purposes the same asi ifs such officer had remained in office until such delivery. (b) The obligation oft the initial purchasers to accept delivery ofthe Bonds is subject to the initial purchasers being furnished with the final, approving opinion ofMcCall, Parkhurst & Horton L.L.P., bond counsel to the Issuer, which opinion shall be dated as ofand delivered on the date of initial delivery ofthe Bonds tot thei initial purchasers. The engagement ofsuch firm as bond counsel to the Issuer in connection with issuance, sale and delivery of the Bonds is hereby approved and confirmed. The execution and delivery of an engagement letter between the Issuer and such firm, withi respect tos such servicesasb bondcounsel, isl hereby authorized in such form as may be approved by the Mayor, Mayor Pro-tem or the City Manager are hereby authorized to execute such engagement letter. (c) Toj pay the debt service coming due on the Bonds, ifany (as determined by the Pricing Certificate) prior to receipt oft thet taxes levied toj pay such debt service, there is hereby appropriated from current funds onl hand, whicha arel hereby certified1 tol be onl hand: anda available fors suchj purpose, an amount sufficient to pay such debt service, and such amount shall be used for no other purpose. Section 14. COMPLIANCE WITH RULE 15c2-12. (a) If the Bonds are sold by public offering, and are subject to the Rule (as defined () Definitions. As used int this Section, the following terms have the meanings ascribed to "Financial Obigation'meansa0 debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of a debt obligation or any such derivative instrument; provided that' "financial obligation"; shall noti include municipal securities as to whichai final official statement (as defined in the Rule) has been provided to the MSRB consistent with below), the following provisions shall apply: such terms below: the Rule. 22 "MSRB" means the Municipal Securities Rulemaking City Commission. "Rule" means SEC Rule 15c2-12, as amended from time to time. "SEC" means the United States Securities and Exchange Commission. (ii) Annual Reports. (A) Thel Issuer shall provide annually to thel MSRB, in the electronic format prescribed by the MSRB, financial information and operating data with respect tot the Issuer consisting ofthei information described in the Pricing Certificate (the' "Annual Operating Report"). The Issuer will additionally provide financial statements ofthe. Issuer (the "Financial Statements"), that will be (i) prepared in accordance with the accounting principles described in the Pricing Certificate or such other accounting principles as the Issuer may be required to employ from time totimej pursuant to Statel law or regulation: and shall bei ins substantially the formi included in the final Official Statement and (ii) audited, ifthe Issuer commissions an audit ofs such Financial Statements and the audit is completed within the period during which they must be provided. The Issuer will update andj provide the Annual Operating Report within: sixi months after the end ofe each fiscal year andi the Financial Statements within 121 months ofthe end ofeach fiscal year, in each case beginning with the fiscal year ending in and after 2021. The Issuer may provide the Financial Statements earlier, including at the time it provides its Annual Operating Report, but if the audit of such Financial Statements is not complete within 12 months afterany such fiscal year end, then thel Issuer shall file unaudited Financial Statements within such 12-month period and audited Financial Statements for the applicable fiscal year, when andi ifthe audit report on such Financial Statements becomes available. (B) Ifthe Issuer changes its fiscal year, it will notify the MSRB ofthe change (and oft the date of the new fiscal year end) prior to the next date by which the Issuer otherwise would be required toj provide financial information and operating data pursuant tot this Section. The financial information and operating data tol be provided pursuant toi this Section may be set forthi ini fulli in one or more documents or may be included by specific reference to any documents available to the public on the MSRB's internet website or filed with the SEC. (iii) Event Notices. The Issuer shall notify thel MSRB, in a timely manner noti in excess of ten Business Days after the occurrence oft the event, ofany oft the following events with respect to the Bonds: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, ifn material; 3. 4. 5. Unscheduled draws on debt service reserves reflecting financial difficulties; Unscheduled draws on credit enhancements reflecting financial difficulties; Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations oftaxability, Notices ofProposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status oft the Bonds; 23 7. 9. Modifications to rights ofholders oft the Bonds, ifmaterial; 8. Bond calls, ifr material, and tender offers; Defeasances; material; 11. Rating changes; 10. Release, substitution, or sale of property securing repayment of the Bonds, if 12. Bankruptcy, insolvency, receivership or similar event oft the Issuer; 13. The consummation ofai merger, consolidation, ora acquisition involving the Issueror the sale ofall or substantially all ofthe assets ofthe Issuer, other than int the ordinary course ofbusiness, the entry into a definitive agreement to undertake such an action or the termination ofa definitive agreement relating to any such actions, other than 14. Appointment of a successor Paying Agent/Registrar or change in the name of the 15. Incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms ofa Financial Obligation oft the Issuer, any ofwhich affect security holders, ifmaterial; 16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms ofal Financial Obligation ofthe Issuer, any of which pursuant to its terms, ifmaterial; Paying Agent/Registrar, ifmaterial; and reflect financial difficulties. The Issuer shall notify the MSRB, in a timely manner, of any failure by the Issuer to provide financial information or operating data in accordance with subsection (ii)ofthis Section by thet time required by subsection (ii). As used in clause (iii)12 above, the phrase "bankruptcy, insolvency, receivership or similar event" means the appointment ofa receiver, fiscal agent or similar officer forthel lsuerinapcaingumderheus-Bumknpiy Codec orinany other proceeding unders state ori federal lawi iny sadpesalay has dwtawoea.Ny all oft the assets or business of the Issuer, or ifjurisdiction has been assumed by leaving the City Commission and officials or officers of the Issuer in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by ac court or governmental: authority! yhaving supervision orjurisdiction over substantially all oft the assets or business of the Issuer. (iv) Limitations. Disclaimers. and Amendments. (A) The Issuer shall be obligated to observe and perform the covenants specified in this Section for SO long as, but only for SO long as, the Issuer remains an "obligated person" with respect to the Bonds within the meaning ofthel Rule, except that the Issuer in any event will give notice of any deposit made in accordance with this Ordinance or applicable law that causes the Bonds no longer to be outstanding. (B) The provisions of this Section are for the sole benefit of the registered owners and beneficial owners of the Bonds, and nothing in this Section, express or implied, shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The Issuer undertakes to provide only the financial information, operating data, financial statements, and notices which it has expressly agreed to provide pursuant to this Section and does not hereby undertake to provide any other information that may be relevant or material to a complete 24 presentation ofthe Issuer's financial results, condition, or prospects orl hereby undertake to update -.wwaN this Sectiono or otherwise, except as expressly provided herein. The Issuer does not make any representation or warranty concerning such information or itsusefulness to a decision to invest in or sell Bonds at any future date. (C) UNDER NO CIRCUMSTANCES SHALL THE ISSUER BE LIABLE TO THE REGISTERED OWNER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON,INCONTRACTORTORT, FOR DAMAGESRESULTINGINWHOLE ORINPART FROMANYBREACHBYTHE: ISSUER, WHETHERNEGLIGENTOR WITHOUTFAULTON ITSPART, OF ANY COVENANT SPECIFIED INTHIS SECTION, BUTI EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ONACCOUNTOF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. (D) No default by the Issuer in observing or performing its obligations under this Section shall comprise al breach ofor default under the Ordinance forj purposes ofany other provision ofthis Ordinance. Nothing in this Section isi intended or shall act to disclaim, waive, or otherwisel limit the duties of the Issuer under federal and state securities laws. (E) Thej provisions ofthis Section may be amended by the Issuer: from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or a change in thei identity, nature, status, ortype ofoperations ofthe Issuer, but only if(1)the provisions of this Section, as sO amended, would have permitted an underwriter toj purchase or sell Bonds in thej primary offering ofthel Bonds in compliance with thel Rule, takingi into account any amendments or interpretations of the Rule since such offering as well as such changed circumstances and (2) either (a) the registered owners ofa majority in aggregate principal amount (or any greater amount required by any other provision of this Ordinance that authorizes such an amendment) of the outstanding Bonds consent to such amendment or (b) a person that is unaffiliated with the Issuer (such as nationally recognized bond counsel) determined that such amendment will not materially impair the interest of the registered owners and beneficial owners oft the Bonds. Ifthe Issuer SO amends the provisions oft this Section, it shall include with any amended financial information or operating data next provided in accordance with subsection (b) of this Section an explanation, in narrative form, of the reason for the amendment and of the impact of any change in the type of financial information or operating data SO provided. The Issuer may also amend or repeal the provisions of this continuing disclosure agreement if the SEC amends or repeals the applicable provision ofthel Rule orac courtoffinal) jurisdiction entersj judgment that such provisions ofthe Rule are invalid, but only ifa and to the extent that the provisions oft this sentence would not prevent an underwriter from lawfully purchasing or selling Bonds in the primary offering oft the Bonds. (b) Ifthel Bonds are sold by private placement or are not subject to the Rule, thel Pricing Officer may agree toj provide fora an undertaking in accordance with thel Ruleorn may agree to provide other public information toi thej purchaser as may be necessary for the sale ofthe Bonds on the most favorable terms to the Issuer, or neither. 25 Section 15. METHOD OF AMENDMENT. Thel Issuer hereby reserves the right to amend (a) The Issuer may from time to time, without the consent of any Registered Owner, excepta as otherwiser required by paragraph()below,; amendors supplement this Ordinancet to(i)cure any ambiguity, defect or omission in this Ordinance that does not materially adversely affect the interests of the Registered Owners, (ii) grant additional rights or security for the benefit of the Registered Owners, (ii)addevents ofdefault ass shall not be inconsistent with the provisions ofthis Ordinance and that shall not materially adversely affect the interests oft the Registered Owners, (v) qualify this Ordinance under the Trust Indenture Act of 1939, as amended, or corresponding provisions oft federal laws from time to time in effect, or (iv) make such other provisions in regard to matters or questions arising under this Ordinance as shall not be materially inconsistent with the ovsionsormsOnimanee andt thats shallnot, int lhropimiomofnuiomaly-roogpiadbomdcoumel, this Ordinance subject to the following terms and conditions, to-wit: materially adversely affect the interests oft the Registered Owners. (b) Except as provided inj paragraph (a) above, a majority oft the Registered Owners of Bonds then outstanding measured by original principal amount that are the subject of a proposed amendment shall have the right from time to time to approve any amendment hereto that may be deemed: necessary or desirable by the Issuer; provided, however, that without the consent of100% of the Registered Owners in aggregate principal amount of the then outstanding Bonds, nothing herein contained shall permit or be construed toj permit amendment of the terms and conditions of this Ordinance or in any oft the Bonds SO as to: (1) Make any change in the maturity of any of the outstanding Bonds; (2) Reduce the rate ofi interest borne by any oft the outstanding Bonds; (3) Reduce the amount of the principal of, or redemption premium, if any, (4) Modify the terms of payment of principal or of interest or redemption premium on outstanding Bonds or any ofthem or impose any condition with (5) Change the minimum percentage of the principal amount of the Bonds (c) Ifat any time the Issuer shall desire to amend this Ordinance under this Section, the Issuers shall send by U.S.mail to each registered owner ofthe affected Bondsac copy ofthe proposed payable on any outstanding Bonds; respect to such payment; or necessary for consent to such amendment. amendment. (d) Whenever at any time within one year from the date ofr mailing of such notice the Issuer shall receive an instrument or instruments executed by the Registered Owners of at least a majority ina aggregate principal amount ofallofthe Bonds then outstanding that are required for the 26 amendment (or 100% if such amendment is made in accordance with paragraph (b)), which instrument or instruments shall refer to the proposed amendment and which shall specifically consent to and approve such amendment, the Issuer may adopt the amendment in substantially the same form. (e) Upon the adoption of any amendatory Ordinance pursuant to the provisions ofthis Section, this Ordinance shall be deemed to be modified and amended in accordance with such amendatory Ordinance, and the respective rights, duties, and obligations of the Issuer and all Registered Owners ofsuch affected Bonds: shall thereafter be determined, exercised, and enforced, subject in all respects to such amendment. (f) Any consent given by thel Registered Owner ofal Bond pursuant to thej provisions of this Section shall bei irrevocable for aj period ofs six months from the date of such consent and shall be conclusive and binding upon all future Registered Owners ofthe same Bond during such period. Such consent may be revoked at any time after six months from the date of said consent by the Registered Owner who gave such consent, or by a successor in title, by filing notice withi the Issuer, but such revocation shall not be effective if the Registered Owners the required amount of the affected Bonds thend outstanding, have, priortot thea atemptedrevocation, consemtedioandapproved the amendment. (g) For the purposes of establishing ownership ofthel Bonds, the Issuer shall rely solely upon the registration oft the ownership ofs such Bonds on the Registration Books kept by the Paying Agent/Registrar. Section 16. REDEMPTION OF REFUNDED OBLIGATIONS. (a) Subject to execution and delivery oft the Purchase Agreement with the Purchaser, the Issuerh hereby directs that the Refunded Obligations be called for redemption ont the dates and att the prices set forth in the Pricing Certificate. (b) The paying agent/registrar for the Refunded Obligations is hereby directed to provide thea appropriate motieofredempionas: required by thel Refunded Obligations andi is hereby directed to make appropriate arrangements SO that the Refunded Obligations may be redeemed on the appropriate redemption date. (c) Ift the redemption of the Refunded Obligations results in the partial refunding ofa any maturity oft the Refunded Obligations, the Pricing Officer shall direct thej paying agent/registrar for thel Refunded Obligations to designate at random and byl lot which ofthe Refunded Obligations will bej payable from and secured solely from ad valorem taxes oft the Issuer pursuant to the order ofthe Issuer authorizing the issuance of such Refunded Obligations (the "Refunded Bond Ordinance"). For purposes of such determination and designation, all Refunded Obligations registered in denominations greater than $5,000 shall be considered to be registered in separate $5,000 denominations. The paying agent/registrar shall notify by first-class mail all registered owners of all affected bonds ofsuch maturities that: (i) a portion ofs such bonds have been refunded and are 27 secured until final maturity solelyv with casha and investments maintained by thel Escrow. Agenti int the Escrow Fund, (ii) the principal amount of all affected bonds of such maturities registered in the name of such registered owner that have been refunded and are payable solely from cash and investments in the Escrow Fund and the remaining principal amount ofall affected bonds ofs such maturities registered in the name ofs such registered owner, ifany, have not been refunded and are payabieandsegurcdisoley, fromad valorem taxesofthel Issuerc describedi int thel RefundedObligation Ordinance, (ii) the registered owner is required to submit his or her Refunded Obligations to the paying agent/registrar, for the purposes of re-registering such registered owner's bonds and assigning new CUSIP numbers in order to distinguish the source of payment for the principal and interest on such bonds, and (iv) payment of principal ofa and interest on such bonds may, in some circumstances, be delayed until such bonds have been re-registered and new CUSIP numbers have been assigned as required by (iri) above. (d) The source of funds for payment of the principal of and interest on the Refunded Obligations ont their respective maturity or redemption dates shall be from the funds deposited with the Escrow Agent, pursuant to the Escrow Agreement approved in Section 3 ofthis Ordinance, or from amounts deposited with thej payingagentregistrar: fortheF RefundedObligations fromp proceeds oft the Bonds, ifthere is no Escrow Agreement. Section 17. GOVERNING LAW. This Ordinance shall be construed and enforced in Section 18. SEVERABILITY. Ifany provision ofthis Ordinance or the application thereof to any circumstance shall be held to be invalid, the remainder ofthis Ordinance and the application thereoftoc other circumstances shall nevertheless be valid, and this governing body hereby declares accordance with the laws of the State ofTexas and the United States of America. that this Ordinance would have been enacted without such invalid provision. Section 19. EVENTS OF DEFAULT. Each oft the following occurrences or events for the purpose oft this Ordinance is hereby declared to be an event of default (an "Event ofl Default"): (i) the failure to make payment oft the principal of or interest on any ofthe Current Interest Bondsorthel Maturity Value ofthe Capital Appreciation! Bonds when the same becomes due (ii) default in thej Prbmaneeraheramedtin, other covenant, agreement orc obligation of the Issuer, the failure to perform which materially, adversely affects the rights of the Registered Owners, including, but not limited to, their prospect or ability to be repaid in accordance with this Ordinance, and the continuation thereof for a period of 60 days after Section 20. REMEDIESFORD DEFAULT. (a) Upont thel happeningofany. EventofDefault, then and ine every case, any Owner ora ana authorized representativethereof, including, but not limited to, a trustee or trustees therefor, may proceed against the Issuer for the purpose of protecting and enforcing the rights of the Owners under this Ordinance, by mandamus or other suit, action or special proceedingi ine equity or atl law,i ydfumpeetain forany reliefpermitted and payable; or notice of such default is given by any Registered Owner to the Issuer. 28 by law, including the specific performance of any covenant or agreement contained herein, or thereby to enjoin any act or thing that may be unlawful or in violation ofany right ofthe Owners hereunder or any combination ofs such remedies. equal benefit ofa all Owners of Bonds then outstanding. (b) Itis provided that all such proceedings shall be instituted and maintained for the Section 21. REMEDIES NOTI EXCLUSIVE. (a) No remedy herein conferred or reserved is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative. and shall bei ina addition to every othert remedy given hereundero or under the Bonds or now or hereafter existing at law ori in equity; provided, however, that notwithstanding any other provision ofthis Ordinance, the right to accelerate the debt evidenced by the Bonds shall not be available as a remedy under this Ordinance. (b) The exercise of any remedy herein conferred or reserved shall not be deemed a waiver (c) Byaccepting the delivery ofal Bondauthorized under this Ordinance, such Owneragrees that the certifications required to effectuate any covenants or representations contained in this Ordinance do not and shall never constitute or giver riset to aj personal orp pecuniary liability orcharge against the officers, employees or trustees of the Issuer or the City Commission. ofany other available remedy. Section 22. EFFECTIVE DATE. In accordance with the provisions of V.T.C.A., Government Code, Section 1201.028, this Ordinance shall be effective immediately upon its adoption by the City Commission. 29 ORDINANCE NO. 2021-04-12-C ofthe CITY OF RANGER, TEXAS AUTHORIZING THE ISSUANCE OF CITY OF RANGER, TEXAS TAXABLE SERIES 2021 GENERAL OBLIGATION REFUNDING BONDS Table of Contents Section 1. Recitals, Amount, Purpose and Designation oft the Bonds. Section 2. Definitions 2 Z Section 3. Delegation to Pricing Officer Section 4. Characteristics oft the Bonds. Section 5. Form of Bonds. Section 6. Tax Levy. 15 15 16 17 18 18 21 21 21 25 26 27 27 27 28 28 28 S-1 A-1 Section 7. Perfection of Security Interest Section 8. Defeasance of Bonds. Section 9. Damaged, Mutilated, Lost, Stolen, or Destroyed Bonds Section 10. Custody, Approval, and Registration of Bonds; Bond Counsel's Opinion, CUSIP Numbers and Contingent Insurance Provision, if Obtained. Section 11. Covenants Regarding Tax Exemption of Interest on the Bonds. Section 12. Sale of] Bonds; Official Statement Section 13. Further Procedures; Appropriation. Section 14. Compliance with Rule 15c2-12 Section 15. Method of Amendment. Section 16. Redemption of Refunded Obligations Section 17. Governing Law. Section 18. Severability. Section 19. Events of Default Section 20. Remedies for Default Section 21. Remedies Not Exclusive. Section 22. Effective Date. Schedulel Schedule of Eligible Refunded Obligations. Exhibit A Written Procedures for Federal Tax Compliance Obligations. ORDINANCENO.2V2-PAI2CAUTHORIZINGTHEISSUANCEOFCITYOFRANGER, TEXAS GENERAL OBLIGATION REFUNDING BONDS; APPOINTING A PRICING OFFICER AND DELEGATING TO THE PRICING OFFICER THE AUTHORITY TO APPROVE ON BEHALF OF THE CITY THE SELECTION OF BONDS TO BE REFUNDED, THE SALE OF THE BONDS, THE TERMS OF THE BONDS AND THE OFFERING DOCUMENTS FOR THE BONDS; ESTABLISHING CERTAIN PARAMETERS FOR THE APPROVAL OF SUCH MATTERS BY THE PRICING OFFICER; APPROVING THE USE OF AN ESCROW AGREEMENT AND A PAYING AGENTREGISTRAR AGREEMENT; ENGAGING BOND COUNSEL; LEVYING AN ANNUALADVALOREMTAXFORTHEPAYMENTOFTHE: BONDS,ANDENACTING OTHER PROVISIONS RELATING TOTHE SUBJECT THE STATE OF TEXAS EASTLAND COUNTY CITY OF RANGER $ $ $ WHEREAS, City of Ranger, Texas (the "Issuer") has previously issued, and there are presently outstanding, the obligations ofthe Issuer styled' "City ofRanger, Texas Waterworksa and Sewer System Revenue Bonds, Series 2005," which are currently outstanding in the principal amount ofs $645,000 (the "Eligible Refunded Obligations"); WHEREAS, the Issuernowo desirestorefundallory partofthel Eligible RefundedObligations, and thosel Eligiblel Refunded Obligations designated by thel Pricing Officerint thel Pricing Certificate, each as defined below, to be refunded are herein referred to as the Refunded Obligations"; WHEREAS, Chapter 1207,Texas GovemmemCae-FChaper: 1207"), authorizes thel Issuer toi issue refunding bonds and to deposit the proceeds from the sale thereof, and any other available funds or resources, directly with a place of payment (paying agent) for the Refunded Obligations, and such deposit, ifr made before such payment dates, shall constitute the making of firm banking and financial arrangements for the discharge and final payment of the Refunded Obligations; and WHEREAS, the City Commissionc ofthe Issuerhereby: findsa and determinest thatitisapublic purpose andi int the best interests ofthel Issuer tor refund thel Refunded Obligationsi in ordert to achieve ap present value debt service savings, with such savings, among other information and terms to be included in a pricing certificate (the "Pricing Certificate") to be executed by the Pricing Officer (hereinafter designated), all in accordance with the provisions of Section 1207.007, Texas Government Code; WHEREAS, all the Refunded Obligations mature or are subject to redemption prior to WHEREAS, the bonds hereafter: authorized are being issued and delivered pursuant to said WHEREAS, it is officially found, determined and declared that the meeting at which this Ordinance has been adopted was open to the public, and public notice oft the date, hour, place and maturity within 20 years oft the date of the bonds hereinafter authorized; Chapter 1207; and subject of said meeting, including this Ordinance, was given, all as required by the applicable provisions ofTex. Gov'tCode Ann. ch.551; NOW, THEREFORE BE IT ORDAINED BY THE CITY OF RANGER: Section 1. RECITALS, AMOUNT, PURPOSE AND DESIGNATION OF THE BONDS. (a) The recitals set forth in the preamble hereofare incorporated herein and shall have the (b) Theb bonds ofthel Issuerare! hereby authorizedt to bei issued and deliveredi ini the maximum aggregate principal amount hereinafter set forth fort the public purpose of providing funds to refund thel RefandedObligamionsandi top pay the costsi incurredi in connection with thei issuance ofthe Bonds. (c) Each bond issued pursuant to this Ordinance shall be designated (unless otherwise provided in the Pricing Certificate): "CITY OF RANGER, TEXAS GENERAL OBLIGATION REFUNDING BOND, TAXABLE SERIES 2021," and initially there shall be issued, sold, and delivered hereunder fully registered Bonds, without interest coupons, payable to the respective registered owners thereof (with the initial bonds being made payable to the initial purchaser as described in Section 12 hereof), or to the registered assignee or assignees of said bonds or any portion or portions thereof (in each case, the "Registered Owner"). The Bonds shall be in the respective denominations and principal amounts, shall be numbered, shall mature and be payable on the date or dates in each oft the years and in the principal amounts or amounts due at maturity, as applicable, and shall bear interest to their respective dates of maturity or redemption, if applicable, prior to maturity at the rates per annum, as set forth in the Pricing Certificate. Section 2. DEFINITIONS. Unless otherwise expressly provided or unless the context clearly requires otherwise in this Ordinance, the following term shall have the meaningss specified same force and effect as ifs set forth in this Section. below: "Bonds" means and includes the Bonds initially issued and delivered pursuant to this Ordinance and all substitute Bonds exchanged therefor, as well as all other substitute bonds and replacement bonds issued pursuant hereto, and the term "Bond" shall mean any oft the Bonds. Section 3. DELEGATION TO PRICING OFFICER. (a) As authorized by Section 1207.007, Texas Government Code, as amended, the Mayor or the City Manager are each individually hereby authorized to act on behalfofthe Issueri in selling and delivering the Bonds (of which officers, the officer executing the Pricing Certificate shall be hereinafter referred to as, and shall for all purposes be, the "Pricing Officer") in one or more series, determining which of the Eligible Refunded Obligations shall be refunded and carrying out the other procedures specified in this Ordinance, including, determining the date ofthel Bonds, any additional or different designation ort title by which the Bonds shall bel known, the price at which the Bonds will be sold, the years in which the Bonds will mature, the principal amount to mature in each of such years, the rate of interest to be borne by each such maturity, the interest payment and record dates, the price and 2 terms, ifany, upon and at which the Bonds shall be subject to redemption prior to maturity at the option of the Issuer, as well as any mandatory sinking fund redemption provisions, whether the Bonds shall be issued on a tax-exempt basis or on a taxable basis, whether the Bonds shall be designated as "qualified tax-exempt obligations" as defined in section 265(b)(3) of the Internal Revenue Cadeofivs6asmemadue "Code"), limitingt thetypesofsecurities: and obligations that may be used asl Defeasance Securities, modifying thel Issuersundertakingi pursuant tol Rule 15c2-12 as: set forthi in Section 141 hereof, and establishing all other matters relating to thei issuance, sale, and delivery ofthe Bonds and the refunding ofthel Refunded Obligations, including without limitation establishing the redemption date for and effecting the redemption of the Refunded Obligations and obtaining bond insurance if bond insurance is deemed beneficial to the Issuer to achieve the objectives oft the refunding, all ofwhich shall bes pecinedinacertificate ofthel Pricing Officer (the "Pricing Certificate"); provided that: (i) the aggregate original principal amount of the Bonds issued hereunder shall not exceed $1,000,000; (ii) no Bond shall mature after February 15, 2045; (iii) the true interest cost for the Bonds shall not exceed 4.50%; and (iv) the refunding achieved by the Bonds sold in accordance with this Ordinance must produce debt service savings of at least 2.0% measured on a present value basis as a percentage oft the principal amount of the Refunded Obligations refunded with the Bonds, with such savings to be net of any Issuer contribution to the refunding and net oft the costs (b) In establishing the aggregate principal amount of the Bonds, the Pricing Officer shall establish an amount not exceeding the amount authorized in Subsection (a) above, which shall be sufficient ina amounti toj provide fort thej purposes forwhicht the Bonds are authorized: landi toj pay costs ofi issuing the Bonds. The delegation made hereby shall expire if not exercised by the Pricing Officer on or prior to the date that is six months after the adoption oft this Ordinance. The Bonds shall be sold at such price, with and subject to such terms as set forth int the Pricing Certificate. (c) The Bonds may bei issued as Current Interest Bonds or Capital Appreciation Bonds, or a combination thereof, as set forth in the Pricing Certificate. The Bonds may be sold by public offering (either through a negotiated or competitiveoffering) or by private placement. Ifthe Bonds are sold by private placement, the Pricing Certificate shall sO state, and the Pricing Certificate may make changes to this Ordinance to effect such private plaçement, including the provisions hereof that pertain to the book-entry-only procedures (including eliminating the book-entry-only system ofregistrations, payment and transfers) and to the provisions of Section 14 hereof relating to the Rule 15c2-12undertaking: (including eliminating or replacing such undertaking with an agreement toj provide alternative disclosure information). In addition, ift the Bonds are sold in more than one series, and one of such series is an issue with respect to which the interest on the Bonds of such series is not exempt from federal income taxation, the Pricing Certificate shall SO state and may ofissuance. 3 make changes to this Ordinance to effect such taxable issuance, including, specifically providing that the covenants of Section 11 hereof shall not be applicable to such series. (d) In the event any of the Bonds are issued as Capital Appreciation Bonds, the Pricing Certificate shall have attached thereto a schedule which sets forth the rounded original principal amounts at the issuance date for the Capital Appreciation Bonds and the Compounded Amounts thereof(per $5,000 payment at maturity), including the initial premium, ifany, asofeach date and commencing on the date set forth in such schedule. (e) Itis hereby found and determined that the refunding of the Refunded Obligations is advisable and necessary in order to restructure the debt service requirements ofthe Issuer, and that the debt service requirements on the Bonds will be less than those on the Refunded Obligations, resulting in ai reduction in the amount of principal and interest which otherwise would bej payable. The Refunded Obligations are subject to redemption, at the option of the Issuer, and the Pricing Officeri is hereby authorized to cause all ofthe Refunded Obligations to be called forr redemptionon the respective date or dates consistent with the savings analysis set forth in Section 3(a)(iv) hereof, and the proper notices ofsuchi redemptioni tol be given, and in each case at ar redemption price ofpar, plus accruedi interest toi the date fixedi forredemption. Ini furtherance ofauthority granted by Section 1207.007(b), Texas Government Code, the Pricing Officer is further authorized to enter into and execute on behalf of the Issuer with the escrow agent named therein, an escrow agreement, in substantially thei form presented tot the City Commission at the meeting at which this Ordinance was adopted and as shall be approved by the Pricing Officer, which escrow agreement will provide for thej payment inf full ofthe Refunded Obligations (the "Escrow Agreement"). Ina addition, thel Pricing Officer is authorized to purchase such securities with proceeds of the Bonds, including, without limitation, to execute such subscriptions for the purchase ofthe United States Treasury Securities State and Local Government Series or other United States Treasury or United States Agency securities that may be purchased in the open market, and to transfer and deposit such cash from available funds, as may be necessary or appropriate for the escrow fund described in the Escrow Agreement. (f) In satisfaction of Section 1201.022()3)B), Texas Government Code, the City Commission hereby determines that the delegation ofthe authority tot thel Pricing Officer to approve the final terms of the Bonds set forth in this Ordinance is, and the decisions made by the Pricing Officer pursuant to such delegated authority and incorporated into the Pricing Certificate will be, int the Issuer's best interests, and thel Pricing Officeri is hereby authorized to make and include int the Pricing Certificate a finding to that effect. Section4. CHARACTERISTICSOFTHE! BONDS. (a). Registration. Transfer.Conversion and] Exchange. The Issuer shall keep or causei to bel kept at thej principal corporate trust office ofthe bank named in the Pricing Certificate as the paying agent/registrar for the Bonds (the "Paying Agent/Registrar"), books or records for the registration oft the transfer, conversion and exchange of the Bonds (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 registrations of transfers, conversions and exchanges under such reasonable regulations as the Issuer and Paying 4 Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations, ramsfers.conversonsand exchanges asl hereinp provided withint threec daysofpresentation! inc duea and proper form. The Paying Agent/Registrar shall obtain and record in the Registration Books the address ofthe registered owner ofeach Bond to which payments with respect toi the Bonds shall be mailed, as herein provided; but it shall be the duty of each registered owner to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. The Issuer shall have the right to inspect the Registration Books during regular business hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the Registration Books confidential and, unless otherwise required! by law, shall not permit theiri inspection by any other entity. The Issuers shall pay the Paying Agent/Registrar's standard or customary fees and charges for making such registration, transfer, conversion, exchange and delivery of a substitute Bond or Bonds. Registration of assignments, transfers, conversions and exchanges of Bonds shall be made int the manner provided and with the effect statedi in thel FORM OF BOND set forthi ini this Ordinance. Each substitute Bond shall bear a letter and/or number to distinguish it from each other Bond. (b) Authentication. Except as provided in Section 4(e)hereof, an authorized representative ofthe Paying Agent/Registrar shall, before the delivery ofa any such Bond, date and manually sign said Bond, and no such Bond shalll be deemed tol bei issued or outstanding unless such Bond is soex- ecuted. The Paying Agent/Registrar promptly shall cancel all paid Bonds and Bonds surrendered for conversion and exchange. No additional ordinances, orders or resolutions need be passed or adopted by the governing body of the Issuer or any other body or person sO as to accomplish the foregoing conversion: and exchange ofany Bond or portion thereof, and thel Paying Agent/Registrar shall provide for the printing, execution and delivery of the substitute Bonds in the manner prescribed herein. Pursuant to Subchapter D, Chapter 1201, Texas Government Code, the duty of conversion: andexchange ofbomhusaforesaidlsherb, imposed upon thel Paying gAgent/Registrar, and, upon the execution of said Bond, the converted and exchanged Bond shall be valid, incontestable, and enforceable in the same manner and with the same effect as the Bonds which initially were issued and delivered pursuant to this Ordinance, approved by the Attorney General, and registered by the Comptroller ofl Public Accounts. (c) Payment of Bonds and Interest. The Issuer hereby further appoints the Paying Agent/Registrar to act as the paying agent for paying the principal of and interest on the Bonds, all as provided in this Ordinance. The Paying Agent/Registrar shall keep proper records of all payments made by the Issuer and the Paying Agent/Registrar with respect to the Bonds, and ofall conversions and exchangesc ofBonds, and all replacementso ofBonds, as providedi in this Ordinance. However, in the event ofar nonpayment ofinterest on as scheduled payment date, and for thirty (30) days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar, ifand when funds for the payment ofsuch interest have beenreceived fromi thel Issuer. Notice oft the Special Record Date and ofthe scheduled payment date ofthe past due interest (which shall be 15 days after the Special Record Date) shall be sent at least five (5) business days prior to the Special Record Date by United States mail, first-class postage prepaid, to the address of each registered owner appearing on the Registration Books at the close ofbusiness on the last business day next preceding the date ofn mailing of such notice. 5 (d) Substitute PayingA Agent/Registrar The Issuer covenants with the registered owners of the Bonds that at all times while the Bonds are outstanding the Issuer willj provide a competent and legally qualified bank, trust company, financiali institution or otheragencyt to act as and perform the services of Paying Agent/Registrar for the Bonds under this Ordinance, and that the Paying Agent/Registrar willl be one entity. The Issuer reserves the right to, and may, at its option, change thel Paying Agent/Registrar upon not less than 50 days written notice tot the Paying Agent/Registrar, to be effective not later than 45 days prior to the next principal or interest payment date after such notice. In the event that the entity at any time acting as Paying Agent/Registrar (ori its successor by merger, acquisition, or other method) should resign or otherwise cease to act as such, the Issuer covenants that promptly it will appoint a competent and legally qualified bank, trust company, financial institution, or other agency to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar, the previous Paying Agent/Registrar promptly shall transfer and deliver the Registration Books (ora a copy thereof), along with all other pertinent books and records relating to the Bonds, to the new. Paying Agent/Registrar designated and appointed by the Issuer. Upon any change in thel Paying Agent/Registrar, the Issuer promptly will cause a written notice thereofto! bes sent by the newl Paying Agent/Registrar to each registered owner ofthel Bonds, by United Statesmail, first-class postage prepaid, whichnoticea alsoshall give the addressofthenew, Paying Agent/Registrar. By accepting the position and performing as such, each Paying Agent/Registrar shall be deemed tol have agreed to thej provisions ofthis Ordinance, and a certified copy oft this Ordinance shall be delivered to each Paying Agent/Registrar. (e) General Characteristics ofthe Bonds. The Bonds (i) shall bei issued in fully registered form, without interest coupons, with the principal ofand interest on such Bonds to be payable only to the Registered Owners thereof, (ii) may be redeemed prior to their scheduled maturities (notice ofwhich shall be given toi the Paying Agent/Registrar by the Issuer at least 35 days priort to any such redemption date), (iii) may be transferred and assigned, (iv) may be converted and exchanged for other Bonds, (v) shall have the characteristics, (vi) shall be signed, sealed, executed and authenticated, (vii) the principal of and interest on the Bonds shall be payable, and (viii) shall be administered and the Paying Agent/Registrar and the Issuer shall have certain duties and responsibilities with respect to the Bonds, all as provided, and in the manner and to the effect as required or indicated, in the FORM OF BOND set forth in this Ordinance. The Bonds initially issued and delivered pursuant to this Ordinance is noti required to be, and shall not be, authenticated by the Paying Agent/Registrar, but on each substitute Bond issued in conversion ofa and exchange for any Bond or Bonds issued under this Ordinance the Paying Agent/Registrar shall execute the Paying Agent/registrar's Authentication Certificate, in the FORM OF BOND set forth in this Ordinance. (f) Book-Entry Only System. The Bonds issued in exchange for the Bonds initially issued to the purchaser specified herein shall be initially issued in the form of a separate single fully registered Bondi fore each ofthe maturities thereof. Uponinitialissuance, theowmerahipofechsuch Bond shall be registered int the name ofCede & Co., as nominee ofThe Depository Trust Company ofNew York ("DTC"),ande except as providedi ins subsection (g)hereof, allo lofthe outstanding Bonds shall be registered in the name of Cede & Co., as nominee ofDTC. 6 With respect tol Bonds registered in the name of Cede & Co., as nominee ofDTC, thel Issuer and thel Paying Agent/Registrar shall have no responsibility or obligation to any securities brokers and dealers, banks, trust companies, clearing corporations: and certain othero organizations on whose behalf DTC was created ("DTC Participant") to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants or to any person on behalfofwhom sucha al DTCI Participant holds an interest int thel Bonds. Without limiting the immediately preceding sentence, the Issuer and the Paying Agent/Registrar shall have no responsibility or obligation with respect to (i) the accuracy ofthe records ofDTC, Cede & Co. or any DTC Participant with respect toany ownershipi interest in thel Bonds, (ii)t the delivery to any DTCI Participant or any other person, other than a registered owner of Bonds, as shown on the Registration Books, of any notice with respect to the Bonds, or (iii) the payment to any DTC Participant or any other person, other than a registered owner of Bonds, as shown in the Registration Books of any amount with respect to principal of orinterest ont the Bonds. Notwithstanding any other provision ofthis Ordinance to the contrary, the Issuer and thel Paying Agent/Registrar: shall be entitled tot treat and consider the person in whose name each Bond is registered in the Registration Books as the absolute owner of such Bond fort thej purpose ofpayment ofp principal and interest withr respect to such Bond, fort the purpose of registering transfers with respect to such Bond, and for all other purposes whatsoever. The Paying Agent/Registrar shall pay all principal ofandi interest on thel Bonds only to or upont the order ofthe registered owners, as shown in thel Registration Books as provided int this Ordinance, ort their respective attorneys duly authorized in writing, and all such payments shall be valid and effective toi fully satisfy and discharge the Issuer's obligations with respect to payment of principal of and interest on the Bonds to the extent of the sum or sums sO paid. No person other than a registered owner, as showni int thel Registration: Books, shallreceiveal Bondcertificate evidencing the obligation ofthe Issuer to make payments ofp principal and interest pursuant to this Ordinance. Upon delivery by DTC to the Paying Agent/Registrar of written notice to the effect that DTC has determined to substitute a new nominee inj place of Cede & Co., and subject to the provisions ini this Ordinance with respect to interest checks being mailed to the registered owner at the close ofbusiness on the Record date, the words "Cede & Co." in this Ordinance shall refer to such new nominee of DTC. (g) Successor Securities Depository: Transfers Outside Book-Entry Only System. In the event that the Issuer determines that DTC is incapable of discharging its responsibilities described herein and in the representation letter of the Issuer to DTC or that it is in the best interest oft the beneficial owners of the Bonds that they be able to obtain certificated Bonds, the Issuer shall (i) appointasuccessor: securities deposionyqualifidioact: as such under Section 17Aofthe! Securities and Exchange Act of 1934, as amended, notify DTC and DTC Participants oft the appointment of such successor securities depository and transfer one or more separate Bonds to such successor securities depository or (ii) notify DTC and DTC Participants of the availability through DTC of Bonds and transfer one or more separate Bonds to DTC Participants having Bonds credited to their DTC accounts. In such event, the Bonds shall no longer be restricted to being registered in the Registration Books in the name of Cede & Co., as nominee ofl DTC, but may be registered in the nameofthe: successor securities epositoporismominee, orinwhatevername or namesr registered owners transferring or exchanging Bonds shall designate, in accordance with the provisions ofthis Ordinance. 7 (h) Payments to Cede & Co. Notwithstanding any other provision oft this Ordinance to the contrary, SO long as any Bond is registered in the name of Cede & Co., as nominee ofI DTC, all payments with respect toj principal ofand interest on suchl Bond and all notices with respect to such Bond shall be made and given, respectively, in the manner provided in the representation letter of the Issuer to DTC. (i) Cancellation of Initial Bonds. On the closing date, one initial Bond representing the entire principal amount of the Current Interest Bonds and one initial Bond representing the entire maturity amount ofthe Capital Appreciation Bonds, payable in stated installments to the order of the initial purchaser oft the Bonds or its designee, executed by manual or facsimile signature oft the Mayorand City ecretary,approved by the Attorney Generalo ofTexas, andi registered and manually signed by the Comptroller of Public Accounts of the State of Texas, will be delivered to such purchaser or its designee. Upon payment for the initial Bonds, the Paying Agent/Registrar shall cancel thei initial Bond or Bonds and deliver to The Depository Trust Company ("DTC") on behalf ofs such purchaser one registered definitive Bond for each year of maturity of the Bonds, in the aggregate principal amount ofallo oft the Bonds fors such maturity, registered in the name ofCede & Co., as nominee ofDTC. Tot the extent that the Paying Agent/Registrarise eligible to participate in DTC's FAST System, pursuant to an agreement between thel Paying Agent/Registrar and DTC, the Paying Agent/Registrar shall hold the definitive Bonds in safekeeping for DTC. () Conditional Notice of Redemption. With respect to any optional redemption of the Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met and moneys sufficient to pay the principal of and premium, ifany, and interest on the Bonds to be redeemed shall have been received by thel Paying Agent/Registrar prior to the giving ofs such notice of redemption, such notice shall state that said redemption may, at the option of the Issuer, be conditional upon the satisfaction ofs such prerequisites and receipt of such moneys by the Paying Agent/Registrar on or prior tot the date fixed fors such redemption, or upon any prerequisite set forth in such notice ofredemption. Ifa conditional notice ofr redemption is given and such prerequisites tot thei redemption: and sufficient moneys are notr received, suchi notice: shalll be ofnoi force ande effect, the Issuer shall not redeem such Bonds and the Paying Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, to the effect that the Bonds have not been redeemed. Section 5. FORM OF BONDS. The form of the Bonds, including the form of Paying Agent/Registrar's Authentication Certificate, the form of Assignment and the form ofl Registration Certificate ofthe Comptroller ofF Public. Accounts ofthe State ofTexas to be attached to thel Bonds initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, withs sucha appropriate variations, omissionsorinsertions as are] permittedo or required by this Ordinance, and with thel Bondsi tol be completed with information seti forthi in thel Pricing Certificate. Thel Form ofl Bond shall be completed with information set forthi int thel Pricing Certificate and shall be attached to the Pricing Certificate as an exhibit thereto. (a) [Form of Bond] 8 NO.R- UNITED STATES OF AMERICA STATE OF TEXAS CITY OF RANGER, TEXAS GENERAL OBLIGATION REFUNDING BOND TAXABLE SERIES 2021 PRINCIPAL AMOUNT $_ DATE OF INITIAL DELIVERY OF BONDS INTEREST RATE % MATURITY DATE CUSIP NO. 2021 REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE specified above, the City of Ranger, in Eastland County, Texas (the "Issuer"), being aj political subdivision and municipal corporation oft the State ofTexas, hereby promises to pay tot the Registered Owner specified above, or registered assigns (hereinafter called the "Registered Owner"), on the Maturity Date specified above, the Principal Amount specified above. The Issuer promises to pay interest on the unpaid principal amount hereof (calculated on the basis of a 360-day year oft twelve 30-day months) from Interest Rate per annum specified above. Interest is payable on at the and semiannually on each and thereafter to the Maturity Date specified above, or the date of redemption prior to maturity; except, ifthis Bond is required to be authenticated and the date ofits authentication is later than the first Record Date (hereinafter defined), such principal amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date ofauthentication is after any Record Datel but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds, ifany, for which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such interest has been paid in full. THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money ofthe United States of America, without exchange or collection charges. The principal ofthis Bond: shall be paid to the registered owner hereofupon presentation and surrender ofthis Bond at maturity, or upon the date fixed for its redemption prior to maturity, at the principal corporate trust office of Bond. The payment ofi interest on this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof on each interest payment date by check or draft, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and payable solely from, funds ofthe Issuer required by the ordinance authorizing the issuance oft this Bond (the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided; and such check in which is the PayingAgentRegistar for this 9 or draft shall be sent by the Paying Agent/Registrar by United States mail, first-class postage prepaid, on each such interest payment date, to the registered owner hereof, at its address as it appeared on the fifteenth day ofthe month preceding each such date (the "Record Date") on the Registration Books kept by the Paying Agent/Registrar, as hereinafter described. In addition, interest may be paid by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. In the event ofa a non-payment ofi interest on ascheduled payment date, and for 30 days thereafter, a new record date for such interest payment (a"Special Record Date") will be established by thel Paying Agent/Registrar, ifand when funds for thej payment ofsuch interest havel been received from the Issuer. Notice ofthe Special Record Date and oftl the scheduled payment date ofthe past duei interest (which shall be 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first-class postage prepaid, to the address of each owner ofal Bond appearing on the Registration Books at the close of business on the last business day next preceding the date of mailing of such notice. ANY ACCRUED INTEREST due at maturity or upon the redemption ofthis Bond prior to maturity as provided herein shall be paid to the registered owner upon presentation and surrender of this Bond for payment or redemption at the designated corporate trust office of the Paying Agent/Registrar. The Issuer covenants with thei registered ownerofthis Bond that ond orbefore each principal payment date and interest payment date for this Bond it will make available to thel Paying Agent/Registrar, from the' "Interest and Sinking Fund" created by thel Bond Ordinance, the amounts required toj provide for the payment, ini immediately available funds, ofa all principal ofa and interest on the Bonds, when due. IF THE DATE for any payment of the principal of or interest on this Bond 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 Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shalll bet the next succeeding day that is not sucha a Saturday, Sunday, legalholiday or day on which bankingi institutions are: authorizedt too close; and payment on such date shall have the same force and effect as if made on the original date payment was due. THIS BOND is one ofas series ofl Bonds dated authorized in accordance with the Constitution and laws oft the State ofTexasi int the principal amount of$ purpose of providing funds to refund aj portion of the Issuer's outstanding obligations. fort the ON or on any date thereafter, the Bonds ofthis series that mature on or after may be redeemed priort to theirscheduledi maturities, at the option ofthel Issuer, with funds derived from any available and lawful source, as a whole, ori inj part, and, ifinj part, the particular Bonds, or portions thereof, to be redeemed shall be selected and designated by the Issuer (provided that aj portion ofal Bond may be redeemed only in an integral multiple of $5,000), at a redemption price equal tot thej principalamount tol beredeemed; plusaccruedi interest tothe date fixed for redemption. 10 ATLEAST: 30 days prior tot the date fixed for any redemption ofl Bonds or portions thereof priort to maturity a written notice ofsuch redemption shall bes sent by the Paying Agent/Registrar! by United States mail, first-class postage prepaid, at least 30 days prior to the date fixed for any such redemption, to the registered owner of each Bond tol ber redeemed ati its address as it appeared ont the 45th day prior to such redemption date; provided, however, that the failure oft the registered owner to receive such notice, or any defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness oft the proceedings for the redemption ofa any Bond. By the date fixed for any such redemption due provision shall be made with the Paying Agent/Registrar: fort the payment oft the required redemption price for the Bonds or portions thereof that are to be sO redeemed. If such written notice of redemption is sent and if due provision for such payment is made, all as provided above, the Bonds or portionsth thereofthataret to bes SO redeemedi thereby automatically shall bet treated as redeemed prior to their scheduled maturities, and they shall not bear interest after the date fixed for redemption, and they shall not be regarded as being outstanding except for the right ofthe registered owner to receive the redemption price from the Paying Agent/Registrar out ofthe funds provided: for such payment. Ifaj portion ofany Bond shall be redeemed, a substitute Bond or Bonds having the same maturity date, bearing interest at the same rate, in any denomination or denominations ina anyi integraln multiple of$5,000, at the written request ofthe registered owner, and in aggregate principal amount equal to the unredeemed 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 Bond Ordinance. ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without interest coupons, in the denomination ofanyi integral multiple of$5,000. As provided in the Bond Ordinance, this Bondi may, at ther request ofther registered owner ort the assignee or assigneesl hereof, bea assigned,transfered, converted: into and exchanged foral like: aggregatep principal amountoffully registered Bonds, without interest coupons, payable to the appropriate registered owner, assignee or assignees, as the case may be, having the same denomination or denominations in any integral multiple of $5,000 as requested in writing by the appropriate registered owner, assignee or assignees, as the case may be, upon surrender of this Bond to the Paying Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance. Among other requirements for such assignment and transfer, this Bond must be presented and surrenderedi tot thel Paying Agent/Registrar, together with properinstruments. ofassignment, ini form and with guarantee ofsignatures satisfactory tot the Paying Agem/Aegstra,evidemeing assignment ofthis Bond or any portion or portions hereofin any integral multiple of $5,000 to the assignee or assignees in whose name or names this Bond or any such portion or portions hereofi is or are to be registered. The form of Assignment printed or endorsed on this Bond may be executed by the registered owner to evidence the assignment hereof, but such method is not exclusive, and other instruments ofa assignment satisfactory to the Paying Agent/Registrar. may be used to evidence the assignment ofthis Bond or any portion or portions hereoffrom time tot time by ther registered owner. The Paying Agent/Registrar's reasonable standard or customary fees and charges for assigning, transferring, converting and exchanging any Bond or portion thereofwill be paid by the Issuer. In any circumstance, any taxes or governmental charges required to be paid with respect thereto shall be paid by the one requesting such assignment, transfer, conversion or exchange, as a condition precedent to the exercise of such privilege. The Paying Agent/Registrar shall not be required to 11 make any such transfer, conversion, or exchange (i) during the period commencing with the close of business on any Record Date and ending with the opening of business on the next following principal ori interest payment date, or (ii) with respect to any Bond or any portion thereofcalled for redemption prior to maturity, within 45 days prior toi its redemption date. INTHEEVENT anyl Paying Agent/Registrar for the Bondsi is changed by thel Issuer, resigns, orc otherwise ceases to act as such, the Issuerl has covenanted int thel Bond Ordinance thati itp promptly will appoint a competent and legally qualified substitute therefor, and cause written notice thereof to be mailed to the registered owners oft the Bonds. ITI IS HEREBY certified, recited and covenanted that this Bond has been duly and validly authorized, issued and delivered; that all acts, conditions and things required or proper to be performed, exist and be done precedent to ori inthea authorization, issuance and delivery ofthis Bond have been performed, existed and been done in accordance with law; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this Bond, as such. interest comes due and such principal matures, havel been levied and ordered to be levied against all taxable property ins said Issuer, and havel been pledged for such payment, within the limit prescribed by law, all as provided in the Bond Ordinance. THE ISSUER HAS RESERVED THE RIGHT to amend the Bond Ordinance as provided therein, and under some (but not all) circumstances amendments thereto must be approved by the registered owners ofar majority in aggregate principal amount oft the outstanding Bonds. BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the terms and provisions ofthe Bond Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Bond Ordinance is duly recorded and available for inspection in the official minutes and records oft the governing body of the Issuer, and agrees that the terms and provisions of this Bond and the Bond Ordinance constitute a contract between each registered owner hereof and the Issuer. IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or facsimile signature of the Mayor oft the Issuer (ori in the absence oft the Mayor, by the Mayor Pro- tem) and countersigned with the manual or facsimile signature oft the City Secretary oft the Issuer, and has caused the official seal ofthe Issuer to be duly impressed, or placed in facsimile, on this Bond. (signature) City Secretary (signature) Mayor (SEAL) 12 (b) [Form ofl Paying Agent/Registrar's Authentication Certificate] PAYING AGENTREGISTRARS AUTHENTICATION CERTIFICATE (To be executed ift this Bond is not accompanied by an executed Registration Certificate oft the Comptroller of Public Accounts oft the State ofTexas) Itis hereby certified that this Bond has been issued under the provisions of the Bond Ordinance described in the text oft this Bond; and that this Bond has been issued in conversion or replacement of, ori in exchange for, a Bond, Bonds, or aj portion ofal Bond or Bonds ofas series that originally was approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts oft the State ofTexas. Dated: Paying Agent/Registrar Authorized Representative By: (c) [Form of Assignment ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto Please insert Social Security or Taxpayer Identification Number ofTransferee: Please print or typewrite name and address, including zip code of Transferee: the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, tor register thet transfer of the within Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: Signature Guaranteed: 13 NOTICE: Signature(s) must be guaranteed by NOTICE:Thes signature abovemust correspond ane eligible guarantori institution participating in with the name of the registered owner as it a securities transfer association recognized appears upon the front of this Bond in every signature guarantee program. particular, without alteration or enlargement or any change whatsoever. (d) [Form of Registration Certificate oft the Comptroller of Public Accounts] COMPTROLLERS REGISTRATION CERTIFICATE: REGISTER NO. Ihereby certify that this Bond has been examined, certified as to validity and approved by the Attorney General of the State of Texas, and that this Bond has been registered by the Comptroller of Public Accounts oft the State of Texas. Witness my signature and seal this ComptrollerofPublic. Accounts ofthe State ofTexas (COMPTROLLERS SEAL) (e) [Initial Bond Insertions] (i) The initial Bond shall be in the form set forth is paragraph (a) oft this Section, except that: A. immediately under the name of the Bond, the headings "Interest Rate" and "Maturity Date" shall both be completed with the words "As shown B. the first paragraph shall be deleted and the following will be inserted: below" and "CUSIPI No. " shall be deleted. "THE CITY OF RANGER, TEXAS, in Eastland County, Texas (the "Issuer"), being a political subdivision and municipal corporation ofthe State ofTexas, hereby promises toj pay tot the RegisteredOwners specifiedabove, orregistered: assigns( (hereinaftercalledthe" RegisteredOwner), on in each ofthe years, int the principal installments and bearing interest att the per annum rates set forth in the following schedule: Principal Amounts Interest Rates Principal Amounts Interest Rates Years Years 14 The Issuer promises toj pay interest on the unpaid principal amount hereof (calculated on the basis ofa3 360-day year oftwelve 30-day months) from annum specified above. Interest is payable on at the respective Interest Rate per and semiannually on each and thereafter to the date of payment of the principal installment specified above, or the date ofredemption prior to maturity; except, that ifthis Bond is required to be authenticated and the date ofi its authentication is later than the first Record Date (hereinafter defined), such Principal Amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date of authentication is after any Record Date but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such interest has been paid in full." C. The Initial Bond shall be numbered "T-1." Section 6. TAXLEVY. A special "Interest and Sinking Fund" is hereby created and shall be established and maintained by the Issuer at an official depository bank of said Issuer. Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts ofsaid Issuer, and shall be used only for paying the interest on and principal of said Bonds. All amounts received: fromt the sale ofthel Bonds as accrued interest shall be deposited upon receipt to1 the Interest and Sinking Fund, and all ad valorem taxes levied and collected for and on account ofs said Bonds shall be deposited, as collected, to the credit ofs said Interest and Sinking Fund. During each year while any ofsaid Bonds are outstanding andi unpaid, the governing bodyofsaidl Issuershall.compute and ascertain a rate and amount of ad valorem tax that will be sufficient to raise and produce the money required to pay the interest on said Bonds as such interest comes due, and to provide and maintain a sinking fund adequate toj pay the principal of said Bonds as such principal matures (but never less than 2% oft the original amount ofs said Bonds as a sinking fund each year); and said tax shalll bel based ont the latest approved tax rolls ofs said Issuer, with full allowances being made fortax delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax is hereby levied, and is hereby ordered to be levied, against all taxable property in said Issuer, for each year while any of said Bonds are outstanding and unpaid, and said tax shall be assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment of thei interest on and principal ofs said Bonds, as suchi interest comes due and: such principal matures, are hereby pledged fors such. payment, within the limit prescribed by law. Iflawfully available moneys ofthel Issuer are actually on deposit int the Interest and Sinking Fund in advance ofthe time when ad valorem taxes are scheduled to be levied forany year, then the amount oftaxest that otherwise would have been required tol be levied pursuant 15 tot this Section may be reduced tot the extent and by the amount ofthe lawfully available funds then on deposit in the Interest and Sinking Fund. Section 7. PERFECTION OF SECURITY INTEREST. Chapter 1208, Texas Government Code, applies to the issuance of the Bonds and the pledge ofthe taxes granted by the Issuer under this Section, and ist therefore valid, effective, andj perfected. Should Texas law be amended at any time whilet thel Bondsared outstandingandi unpaid, ther resultofsuchamendment beingt that thej pledge oft the taxes granted by the Issuer under this Section is to be subject to the filing requirements of Chapter 9, Business & Commerce Code, in order to preserve to the registered owners ofthe Bonds as security interest in said pledge, the Issuer agrees to take such measures as it determines are reasonable and necessary under Texas law to comply with the applicable provisions of Chapter 9, Business & Commerce Code and enable a filing ofa a security interest in said pledge to occur. Section 8. DEFEASANCE OF BONDS. (a) Any Bond and the interest thereon shall be deemed to be paid, retired, and no longer outstanding (a "Defeased Bond") within the meaning of this Ordinance, except tot the extent provided in subsection (d)ofthis Section, when payment ofthe principal ofsuch Bond, plus interest thereon to the due date (whether such due date be by reason of maturity or otherwise) either (i) shall have been made or caused to be made in accordance with the terms thereof, or (ii) shall have been provided for on or before such due date by irrevocably depositing with or making available to the Paying Agent/Registrar in accordance with an escrow agreementorotherinstrument. (the "Future Escrow. Agrememt)orsuchpaymmtDlwialmony, oft the United States of America sufficient to make such payment or (2) Defeasance Securities that mature as to principal and interest in such amounts and at such times as will insure the availability, without reinvestment, of sufficient money to provide for such payment, and when proper arrangements have been made by the Issuer with the Paying Agent/Registrar for the payment ofits services until alll Defeased Bonds shall have become due and payable. At such time as a Bond shall be deemed to be al Defeased Bond hereunder, as aforesaid, suchl Bond and thei interest thereon shall no longer be secured by, payable from, or entitled to the benefits of, the ad valorem taxes herein levied and pledged as provided in this Ordinance, and such principal and interest shall be payable solely from such money or Defeasance Securities, and thereafter the Issuer will have no further responsibility with respect to amounts available to the Paying Agent/Registrar (or other financial institution permitted by applicable law) for the payment of such Defeased Bonds, including any insufficiency therein caused by the failure of the Paying Agent/Registrar (or other financial institution permitted by applicable law)t to receive payment when due ont thel Defeasance Securities. Notwithstanding: any other provisionofthis0 Ordinance tot the contrary, itish hereby providedt thatany determination not to redeem Defeased Bonds that is made in conjunction with the payment arrangements specified in subsection 8(a)(i) or (ii) shall not bei irrevocable, provided that: (1)in the proceedings providing fors such! payment arrangements, the Issuer expressly reservest the rightt to call the Defeased Bonds for redemption; (2). gives notice oft the reservation of that right to the owners of the Defeased Bonds immediately following the making of the payment arrangements; and (3) directs that notice of the reservation be included in any redemption notices that it authorizes. (b) Any moneys SO deposited with the Paying Agent/Registrar may at the written direction ofthel Issueralsol be investedi inl Defeasance Securities, maturing ini the amounts and times as herein- 16 before set forth, and all income from such Defeasance Securities received by the Paying Agent/Registrar that ist not required for the payment oft thel Bonds andi interest thereon, with respect to which such money has been SO deposited, shall be turned over to the Issuer, or deposited as directed in writing by the Issuer. Any Future Escrow Agreement pursuant to which the money and/or Defeasance Securities arel held for the payment ofDefeased Bonds may contain provisions permitting the investment or reinvestment of such moneys in Defeasance Securities or the substitution of other Defeasance Securities upon the satisfaction ofthe requirements specified in subsection 8(a)(i) or (ir). All income from such Defeasance Securities received by the Paying Agent/Registrar whichisnotr required fort thej payment ofthel Defeased Bonds, with respect to which such money has been SO deposited, shall be remitted tot the Issuer or deposited as directed in writing by the Issuer. (c) Thet term Defeasance Securities" means any securities and obligations now or hereafter authorized by State law that are eligible to refund, retire or otherwise discharge obligations such as the Bonds. (d) Until all Defeased Bonds shall have become due and payable, the Paying Agent/Registrar shall perform the services ofPaying Agent/Registrar for such Defeased Bonds the same asi ifthey hadi not been defeased, and thel Issuershall: make properarrangements to provide and pay for such services as required by this Ordinance. (e) Int the event that thel Issuerelectst to defease less than all ofthe principal amount ofBonds ofamaturity, thel PayingAgent/Registrar: shall select, or cause tol bes selected, such amount ofBonds by such random method as it deems fair and appropriate. Section 9. DAMAGED.MUTILATED,LOSI,STOLEN, OR DESTROYED BONDS. (a) Replacement Bonds. In the event any outstanding Bond is damaged, mutilated, lost, stolen, or destroyed, thel Paying Agent/Registrars shall causet tol bep printed, executed, and delivered, ar newbond ofthe same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or destroyed Bond, in replacement for such Bond in the manner hereinafter provided. (b) Application for Replacement Bonds. Application for replacement of damaged, mutilated, lost, stolen, or destroyed Bonds shall be made by the registered owner thereof to the Paying Agent/Registrar. In every case ofloss, theft, or destruction ofal Bond, the registered owner applying fora a replacement bond shall furnish to the Issuer and to the Paying Agent/Registrar such security or indemnity as may be required by them to save each oft them harmless from any loss or damage with respect thereto. Also, in every case of loss, theft, or destruction of a Bond, the registered owner shall furnish to the Issuer and to the Paying Agent/Registrar evidence to their satisfaction of the loss, theft, or destruction of such Bond. In every case of damage or mutilation ofa Bond, the registered owner shall surrender to the Paying Agent/Registrar for cancellation the Bond SO damaged or mutilated. (c) No Default Occurred. Notwithstanding the foregoing provisions oft this Section, int the event any such Bond shall have matured, and no default has occurred which is then continuing in 17 thej payment ofthe principal of ori interest ont the Bond, the Issuer may authorize the payment ofthe same (without surrender thereof except in the case of a damaged or mutilated Bond) instead of issuing a replacement Bond, provided security or indemnity is furnished as above provided in this Section. (d) Charge for Issuing Replacement Bonds. Prior to the issuance ofany replacement bond, the Paying Agent/Registrar shall charge the registered owner ofsuch Bond with all legal, printing, and other expenses in connection therewith. Every replacement bond issued pursuant to the provisions of this Section by virtue of the fact that any Bond is lost, stolen, or destroyed shall constitute a contractual obligation of the Issuer whether or not the lost, stolen, or destroyed Bond 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 Bonds duly issued under this Ordinance. (e) Authority for] Issuing Replacement Bonds. In accordance with Subchapter B, Chapter 1206, Texas Government Code, this Section shall constitute authority for the issuance ofany such replacement bond without necessity of further action by the governing body of the Issuer or any other body or person, and the duty of the replacement of such bonds is hereby authorized and imposed upon the Paying Agent/Registrar, and the Paying Agent/Registrar shall authenticate and deliver such Bonds in the form and manner and with the effect, as provided in Section 4(b) ofthis Ordinance for Bonds issued in conversion and exchange for other Bonds. Section 10. CUSTODY, APPROVAL, AND REGISTRATION OF BONDS; BOND COUNSEL'S OPINION, CUSIP NUMBERS AND CONTINGENT INSURANCE PROVISION, IFOBTAINED. The Mayor ofthel Issueri is hereby authorized tol have control ofthel Bonds initially issued and delivered hereunder and all necessary records and proceedings pertaining to the Bonds pending their delivery and their investigation, examination, and approval by the Attorney General oft the State ofTexas, and their registration by the Comptroller of Public Accounts oft the State of Texas. Upon registration ofthel Bonds said ComptrollerofPublic Accounts (orac deputy designated inv writing toa act for said Comptroller): shall manually sign the Comptroller's Registration Certificate attached tos such Bonds, and the seal ofs said Comptroller: shall bei impressed, or placed ini facsimile, on such Certificate. The approving legal opinion of the Issuer's Bond Counsel and the assigned CUSIP numbers may, at the option ofthe Issuer, bej printed ont thel Bonds issued and delivered under this Ordinance, but neither shall have any legal effect, and shall be solely for the convenience and information of the registered owners of the Bonds. Ifbond insurance is obtained, the Bonds may bear an appropriate legend as provided by the insurer. Section 11. COVENANTS REGARDING TAX EXEMPTION OF INTEREST ON THE BONDS. Subject to the determination oft thel Pricing Officer, as set forth in thel Pricing Certificate astot thet treatmentofthel Bonds as taxable ort tax-exempt obligations pursuant tot the Code, the Issuer makes the following covenants with respect to the Bonds, in the event that the Bonds are issued as obligations the interest on which is exempt from federal income taxation. 18 (a) Covenants. The Issuer covenants to take any action necessary to assure, or refrain from any action which would adversely affect, the treatment of the Bonds as obligations described in section 103 ofthe Code, the interest on which is not includable in the "gross income"o ofthe holder forj purposes of federal income taxation. In furtherance thereof, the Issuer covenants as follows: (1) to take any action to assure that no more than 10j percent oft the proceeds ofthe Bonds or the projects financed therewith (less amounts deposited to a reserve fund, ifany) are used for any "private business use," as defined in section 141(b)(6) of the Code or, if more than 10 percent oft the proceeds or the projects financed therewith are SO used, such amounts, whether or not received by the Issuer, with respect to such private business use, do not, under the terms ofthis Ordinance or any underlying arrangement, directly ori indirectly, secure or provide for the payment ofmore than 10j percent ofthe debt service on the Bonds, in contravention of section 141(b)(2) of the Code; 2) to take any action to assure that in the event that the "private business use" described in subsection (1) hereof exceeds 5 percent of the proceeds of the Bonds or the projects financed therewith (less amounts deposited into a reserve fund, if any) then the amount in excess of5 percent is used fora' "private business use" which is "related" and not dspoporionie'witinthemeaningofaetion 141(b)(3)ofthe Code, tot the governmental use; (3) to take any action to assure that no amount which is greater than the lesser of $5,000,000, or 5 percent ofthej proceeds ofthe Bonds (less amounts deposited into ar reserve fund, ifany)is directly ori indirectly usedt toi finance loans toj persons, othert thans state or local governmental units, in contravention ofs section 141(c) ofti the Code; (4) to refrain from taking any action which would otherwise result in the Bonds being treated as "private activity bonds" within the meaning ofs section 141(b)ofthe Code; (5) to refrain from taking any action that would resulti int thel Bonds being "federally (6) tor refrain from using any portion of the proceeds of the Bonds, directly or indirectly, to acquire or to replace funds which were used, directly or indirectly, to acquire investment property (as defined in section 148(b)(2) of the Code) which produces a materially higher yield overt the term ofthe Bonds, other than investment property acquired guaranteed" within the meaning of section 149(b) oft the Code; with = (A) proceeds oft the Bonds invested for a reasonable temporary period of3 years orl less or, in the case ofar refunding bond, for a period of 90 days or less until such proceeds are: needed for the purpose for which the bonds are issued, (B) amounts invested in al bona fide debt service fund, within the meaning ofsection 1.148-1(b) oft the Treasury Regulations, and 19 (C) amounts deposited in any reasonably required reserve or replacement fund to the extent such amounts do not exceed 10 percent of the proceeds of the (7) to otherwise restrict the use oft the proceeds oft the Bonds or amounts treated as proceeds ofthe Bonds, as may be necessary, so that the Bonds do not otherwise contravene Bonds; the requirements of section 148 oft the Code (relating to arbitrage); (8) to refrain from using the proceeds oft the Bonds or proceeds of any prior bonds top pay debt service on another issue more than 90 days after the date ofi issue oft the Bonds inc contravention of the requirements of section 149(d) of the Code (relating to advance refundings); and (9) toj pay to thel United States of America at least once during eachi five-year period (beginning ont the date ofdelivery ofthel Bonds) an amount thati is at least equal to 90j percent ofthe "Excess Earnings,"withint the meaning ofs section 148(f) oft the Code and to payt toi the United States of America, not later than 60 days after the Bonds have been paid ini full, 100 percent oft the amount then required to be paid as a result of Excess Earnings under section (b). Rebate Fund. In order to facilitate compliance with the above covenant (8), a' "Rebate Fund" is hereby established by the Issuer for the sole benefit oft the United States of America, and such fund shall not be subject to the claim of any other person, including without limitation the bondholders. The Rebate Fund ise established for the additional purpose ofcompliance with section 148(f) oft the Code. 148 of the Code. (c) Proceeds. The Issuer understands that the term "proceeds" includes "disposition proceeds" as defined in the Treasury Regulations and, in the case of refunding bonds, transferred proceeds (ifany) and proceeds oft the Refunded Obligations expended prior to the date ofis issuance ofthe Bonds. Iti is the understanding oft 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 ofthe Code, as applicable to thel Bonds, the Issuer will not be required to comply with any covenant contained herein to the extent that such failure to comply, in the opinion of nationally recognized bond counsel, will not adversely affect the exemption from: federal income taxation ofinterest oni thel Bonds under section 103 ofthe Code. In thee event hairguhatomsormulingart hereatterpromulgated whichi impose additionali requirements which are applicable to the Bonds, the Issuer: agrees to comply with the additional requirements to the extent necessary, in the opinion of nationally recognized bond counsel, to preserve the exemption from federal income taxation ofinterest on the Bonds under section 103 of the Code. In furtherance of such intention, the Issuer hereby authorizes and directs the Mayor or the City Manager to execute any documents, certificates or reports required by the Code and to make such elections, on behalf ofthe Issuer, which may be permitted by the Code as are consistent with the purpose for the issuance oft the Bonds. 20 (d) DispositionofProiect The Issuer covenants that thej projects funded with the proceeds ofthe Refunded Obligations will not be sold or otherwise disposed ofin at transaction resulting in the receipt by the Issuer of cash or other compensation, unless any action taken in connection with such disposition will not adversely affect the tax-exempt status oft the Bonds. For purpose of the foregoing, the Issuer may rely on an opiniono ofnationaly-recognized bond counsel that the action taken in connection with such sale or other disposition will not adversely affect the tax-exempt status ofthe Bonds. Forj purposes ofthe foregoing, the portion ofthe property comprising personal property and disposed in the ordinary course shall not be treated as a transaction resulting in the receipt of cash or other compensation. For purposes hereof, the Issuer shall not be obligated to comply with this covenant ifit obtains an opinion that such failure to comply will not adversely affect the excludability for federal income tax purposes from gross income oft the interest. (e) Designation as QualifiedTax-Exempt Obligations. Subjectt to the determination ofthe Pricing Officer in the Pricing Certificate that the Bonds are issued as obligations the interest on which is exempt from federal income taxation, then, in such event (but subject to any contrary statement that may be contained ini the Pricing Certificate) the Issuer hereby designates the Bonds as' qualifiedtax-exempt obligations", as defined in section 265(b)(3)ofthe Code, conditioned upon thel Purchasercertifying: that the: aggregatei initialofferingpriced ofthel Bonds tot thej public( (excluding any accrued interest)isr no greater than $10million (ors such other amount permitted bys suchs section 265 ofthe Code). Assuming such condition is met, ini furtherance ofs such designation, the Issuer represents, covenants and warrants the following: (a) that during the calendar year in which the Bonds are issued, the Issuer (including any subordinate entities) has not designated nor will designate obligations, which when aggregated with thel Bonds, will resulti ini more than $10,000,000 (or such other amount permitted by such section 265 of the Code) of "qualified tax-exempt obligations" being issued; (b) that the Issuer reasonably anticipates that the amount oftax-exempt obligations issued during the calendar year in which the Bonds are issued, by the Issuer (or any subordinate entities) will not exceed $10,000,000 (or such other amount permitted by such section 265 of the Code); and, (c) that the Issuer will take such action or refrain from such action as necessary, and as more particularly set forth in this Section, in order that the Bonds will not be considered "private activity bonds" within the meaning ofs section 141 oft the Code. Section 12. SALE OF BONDS; OFFICIAL STATEMENT. (a) The Bonds shall be sold and delivered subject to thej provisions ofSection 1 and Section 3andj pursuant tot thet terms andj provisions ofab bond purchase agreement, notice ofsale and bidding instructions or private placement agreement (collectively, the "Purchase Agreement") which the Pricing Officeri isl hereby authorized to execute and deliverandi iny which the purchaser rorp purchasers (collectively, the "Purchaser") of the Bonds shall be designated. The Bonds shall initially be registered in the name of the purchaser thereof as set forth in the Pricing Certificate. (b) The Pricing Officer is hereby authorized, in the name and on behalf of the Issuer, to approve, distribute, anddeliverapreliminay official statement: andaf final lofficial statementrelating to the Bonds to be used by the Purchaser in the marketing oft the Bonds. 21 Section 13. FURTHER PROCEDURES; ENGAGEMENT OF BOND COUNSEL; APPROPRIATION. (a) Thel Mayororl Mayor Pro-tem and City Secretary ofthel Issuerandt the City Manager ofthel Issuer and all other officers, employees and agents oft the Issuer, and each oft them, shall be and they are hereby expressly authorized, empowered and directed from time to time and at any time to do and perform all such acts and things and to execute, acknowledge and deliver in the name and under the corporate seal and on behalf of the Issuer a Paying Agent/Registrar Agreement with the Paying Agent/Registrar in substantially the form presented to the City Commission: at the meeting at which this Ordinance was ipdimdaloerininmen, whether or not herein mentioned, as may be necessary or desirable in order to carry out the terms and provisions ofthis Ordinance, HelaterofReptsemaio: the Bonds, the sale ofthe Bonds and the Official Statement. Notwithstanding: anything to the contrary contained! herein, while the Bonds are subject to DTC's Book-Entry Only System and to the extent permitted by law, the Letter of Representations is hereby incorporated herein and its provisions shall prevail over any other provisions of this Ordinance in the event of conflict. In case any officer whose signature shall appear on any Bond shall cease to be such officer before the delivery of such Bond, such signature shall nevertheless be valid and sufficient for all purposes the same as ifs such officer had remained in office until such delivery. (b) The obligation of the initial purchasers to accept delivery oft the Bonds is subject to the initial purchasers being furnished with the final, approving opinion ofMcCall, Parkhurst & Horton L.L.P., bond counsel to the Issuer, which opinion shall be dated as ofa and delivered on the date of initial delivery ofthel Bonds tot thei initial purchasers. The engagement ofsuch firma as bond counsel to the Issuer in connection with issuance, sale and delivery of the Bonds is hereby approved and confirmed. The execution and delivery of an engagement letter between the Issuer and such firm, withre respecttosuch: services as bond counsel,ishereby. authorized in such form as may! be approved by the Mayor, Mayor Pro-tem or the City Manager are hereby authorized to execute such engagement letter. (c) Toj pay the debt service coming due on the Bonds, ifany (as determined by the Pricing Certificate) priort to receipt ofthet taxes levied to pay such debt service, there is hereby appropriated from current funds on hand, which arel hereby certified to be onl hand and: available: for suchy purpose, an amount sufficient toj pay such debt service, and such amount shall be used for no other purpose. Section 14. COMPLIANCE WITH RULE 15c2-12. (a) Ifthe Bonds are sold by public offering, and are subject to the Rule (as defined (i) Definitions. As usedi in this Section, the following terms have the meanings ascribed to "Financial Obligation" means a (i) debt obligation; (ii) derivative instrument entered intoi in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (ii) guarantee of a debt obligation or any such derivative instrument; provided that "financial obligation"shall noti include municipal securities ast to whichaf final below), the following provisions shall apply: such terms below: 22 official statement (as defined int the Rule) has been provided to the MSRB consistent with the Rule. "MSRB" means the Municipal Securities Rulemaking City Commission. "Rule" means SEC Rule 15c2-12, as amended from time to time. "SEC" means the United States Securities and Exchange Commission. (ii) Annual Reports. (A) The Issuer shall provide annually to thel MSRB, int the electronic format prescribed byt the MSRB, financiali information and operating data with respect to the Issuer consisting ofthei information described ini thel Pricing Certificate (the "Annual Operating Report"). The Issuer will additionally provide financial statements ofthel Issuer (the "Financial Statements"), that will be (i) prepared in accordance with the accounting principles described in the Pricing Certificate or such other accounting principles as the Issuer may be required to employ from time tot time pursuant to State law or regulation: and: shall bei in substantially the form included int the final Official Statement and (ii) audited, ifthe Issuer commissions an audit ofsuch Financial Statements and the audit is completed within the period during which they must be provided. The Issuer will update and provide the. Annual Operating Report within six months after the end ofeach fiscal year andi the Financial Statements within 12 months ofthe end ofeach: fiscal year, ine each case beginning with the fiscal year ending in and after 2021. The Issuer may provide the Financial Statements earlier, including at the time it provides its Annual Operating Report, but if the audit of such Financial Statementsi isnoto complete within 121 months aftera any suchi fiscal year end, thent the Issuer shall file unaudited Financial Statements within such 12-month period and audited Financial Statements for the: applicable fiscal year, when and ift the audit report on such] Financial Statements becomes available. (B) Ifthe Issuer changes its fiscal year, it will notify the MSRB oft the change (and ofthe date of the new fiscal year end) prior to the next date by which the Issuer otherwise would be required toj provide financial information and operating data pursuant to this Section. Thei financial information and operating data to be provided pursuant to this Section may bes set forth ini fullino one or more documents or may be included by specific reference to any documents available to the public on the MSRB's internet website or filed with the SEC. (ii) Event Notices. The Issuer shall notify the MSRB, in a timely manner not in excess of ten Business Days after the occurrence oft the event, ofany oft the following events with respect to the Bonds: 1. 3. 4. 5. Principal and interest payment delinquencies; 2. Non-payment related defaults, ifr material; Unscheduled draws on debt service reserves reflecting financial difficulties; Unscheduled draws on credit enhancements reflecting financial difficulties; Substitution of credit or liquidity providers, or their failure to perform; 23 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations oftaxability, Notices ofl Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status oft the Bonds; Modifications to rights of holders oft the Bonds, if material; Bond calls, if material, and tender offers; 7. 8. 9. Defeasances; material; 11. Rating changes; 10. Release, substitution, or sale of property securing repayment of the Bonds, if 12. Bankruptcy, insolvency, receivership or similar event oft the Issuer; 13. Thec consummation ofar merger, consolidation, or acquisition involving the Issueror the sale ofall or substantially all ofthe assets ofthel Issuer, otherthani int the ordinary course ofbusiness, the entry into a definitive agreement to undertake such an action or the termination ofa definitive agreement relating to any such actions, other than 14. Appointment ofa successor Paying Agent/Registrar or change in the name of the 15. Incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms ofa Financial Obligation oft the Issuer, any ofwhich affect security holders, ifr material; 16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms ofa Financial Obligation oft the Issuer, any ofwhich pursuant to its terms, ifmaterial; Paying Agent/Registrar, ifmaterial; and reflect financial difficulties. The Issuer shall notify the MSRB, in a timely manner, of any failure by the Issuer to provide financial information or operating data ina accordance withs subsection(i)ofthis: Section by thetime required by subsection (ii). As used in clause (iii)12 above, the phrase "bankruptcy, insolvency, receivership or similar event" means the appointment ofar receiver, fiscal agent or similar officer fort thel Issuerinaprocedingi undertheU.S. Bankruptcy Caer- orf federal lawi inv aodpeay daew.-a, all of the assets or business oft the Issuer, or ifjurisdiction has been assumed by leaving the City Commission and officials or officers ofthe Issuer inj possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement orl liquidation! by a court or governmental authority having supervision orjurisdiction over substantially all oft the assets or business of the Issuer. (iv) Limitations. Disclaimers, and Amendments. (A) The Issuer shall be obligated to observe and perform the covenants specified in this Section for SO long as, but only for SO long as, thel Issuer remains an "obligated person" with respect to the Bonds within the meaning oft the Rule, except that the Issuer in any event will give notice of any deposit made in accordance with this Ordinance or applicable law that causes the Bonds no longer to be outstanding. (B) The provisions of this Section are for the sole benefit of the registered owners and beneficial owners of the Bonds, and nothing in this Section, express or implied, shall give any 24 benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The Issuer undertakes to provide only the financial information, operating data, financial statements, and notices which it has expressly agreed to provide pursuant to this Section and does not hereby undertake to provide any other information that may be relevant or material to a complete presentation oft the Issuer's financial results, condition, or prospects or hereby undertake to update anyi information; Poldadinasendacwiais Sectionorotherwise, except as expressly provided herein. The Issuer does not make any representation or warranty concerning such information or its usefulness to a decision to invest in or sell Bonds at any future date. (C) UNDER NO CIRCUMSTANCES SHALL THE ISSUER BE LIABLE TO THE REGISTERED OWNER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON, INCONTRACTORTORT,FORDAMAGES) RESULTINGINI WHOLEORINPART FROM ANYBREACHBYTHESSUE: WHETHERNEGLIGENTOR WITHOUTFAULTON ITS PART, OF ANY COVENANT SPECIFIED INTHIS SECTION, BUTI EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNTOF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. (D) No default by the Issuer in observing or performing its obligations under this Section shall comprise al breach ofo or default undert the Ordinance for purposes ofany other provision ofthis Ordinance. Nothing int this Section is intended ors shall actt to disclaim, waive, or otherwise limit the duties of the Issuer under federal and state securities laws. (E) The provisions ofthis Section may be amended by thel Issuer from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or a change in thei identity, nature, status, ortypeoroperations ofthe Issuer, but onlyif(I)the provisions oft this Section, as sO amended, would have permitted an underwriter to purchase or sell Bonds in the primary offering ofthel Bondsi inc compliance with thel Rule, takingi into account any amendments or interpretations of the Rule since such offering as well as such changed circumstances and (2) either (a) the registered owners ofar majority in aggregate principal amount (orany greater amount required by any other provision of this Ordinance that authorizes such an amendment) of the outstanding Bonds consent to such amendment or (b) a person that is unaffiliated with the Issuer (such as nationally recognized bond counsel) determined that such amendment will not materially impair the interest oft the registered owners and beneficial owners of the Bonds. Ifthe Issuer SO amends the provisions of this Section, it shall include with any amended financial information or operating data next provided in accordance with subsection (b) of this Section an explanation, in narrative form, of the reason for the amendment and of the impact of any change in the type of financial information or operating data SO provided. The Issuer may also amend or repeal the provisions of this continuing disclosure agreement ift the SEC amends or repeals the applicable provision ofthel Rulec orac court offinal jurisdiction entersjudgment that such provisions ofthel Rule are invalid, but only ifand to the extent that the provisions of this sentence would not prevent an underwriter from lawfully purchasing or selling Bonds in the primary offering of the Bonds. 25 (b) Ifthel Bonds are: sold by private placement or are not subject to the Rule, the Pricing Officermay: agree top provide fora an undertaking in accordance with thel Rule ormay agree toj provide other public information to the purchaser as may be necessary fort the sale oft the Bonds on the most favorable terms to the Issuer, or neither. Section 15. METHOD OF AMENDMENT. The Issuerh hereby reserves the right to amend (a) The Issuer may from time to time, without the consent of any Registered Owner, except as otherwise: required! by paragraph(b)below,; amemdorsapplememthisOnimameio@peure any ambiguity, defect or omission in this Ordinance that does not materially adversely affect the interests of the Registered Owners, (ii) grant additional rights or security for the benefit of the Registered Owners, (ini) add events ofdefault as shall not bei inconsistent with thej provisions ofthis Ordinance and that shall not materially adversely affect the interests oft the Registered Owners, (v) qualify this Ordinance under the Trust Indenture Act of 1939, as amended, or corresponding provisions of federal laws from time to time in effect, or (iv) make such other provisions in regard to matters or questions arising under this Ordinance ass shall not be materially inconsistent with the provisionsofthis Ordinance: andt thats shallnot, int lherpimiomofwuioaly-reopitadbondcoumel, this Ordinance subject to the following terms and conditions, to-wit: materially adversely affect the interests of the Registered Owners. (b) Except as provided in paragraph (a) above, a majority of the Registered Owners of Bonds then outstanding measured by original principal amount that are the subject ofa proposed amendment shall have the right from time to time to approve any amendment hereto that may be deemed necessary or desirable by the Issuer; provided, however, that without the consent of100% oft the Registered Owners in aggregate principal amount of the then outstanding Bonds, nothing herein contained shall permit or be construed to permit amendment oft the terms and conditions of this Ordinance or in any of the Bonds SO as to: (1) Make any change in the maturity ofany oft the outstanding Bonds; (2) Reduce the rate ofi interest borne by any of the outstanding Bonds; (3) Reduce the amount of the principal of, or redemption premium, if any, (4) Modify the terms of payment of principal or of interest or redemption premium on outstanding Bonds or any ofthem ori impose any condition with (5) Change the minimum percentage of the principal amount of the Bonds payable on any outstanding Bonds; respect to such payment; or necessary for consent to such amendment. 26 (c) Ifat any time the Issuer shall desire to amend this Ordinance under this Section, the Issuer shall send by U.S. mail to each registered owner ofthe affected Bonds acopy ofthe proposed amendment. (d) Whenever at any time within one year from the date oft mailing of such notice the Issuer shall receive an instrument or instruments executed by the Registered Owners of at least a majority ina aggregate principal amounto ofallofthe Bonds then outstanding that are required fort the amendment (or 100% if such amendment is made in accordance with paragraph (b)), which instrument or instruments shall refer to the proposed amendment and which shall specifically consent to and approve such amendment, the Issuer may adopt the amendment in substantially the same form. (e) Upon the adoption of any amendatory Ordinance pursuant to the provisions ofthis Section, this Ordinance shall be deemed to be modified and amended in accordance with such amendatory Ordinance, and the respective rights, duties, and obligations of the Issuer and all Registered Owners of such affected Bonds shall thereafter be determined, exercised, and enforced, subject in all respects to such amendment. (f) Any consent given by thel Registered Owner ofal Bond pursuant to the provisions of this Section shall bei irrevocable for aj period ofsix months from the date of such consent and shall be conclusive and binding upon all future Registered Ownersoft the same Bond during such period. Such consent may be revoked at any time after six months from the date of said consent by the Registered Owner who gaves such consent, or by a successorint title, by filing notice with thel Issuer, but such revocation shall not be effective if the Registered Owners the required amount of the affected Bonds then outstanding, have,priortotheattemtedrevocation, consentedi to and approved the amendment. (g) Fort the purposes ofe establishing ownership ofthel Bonds, the Issuer shall rely solely upon the registration ofthe ownership ofs such Bonds on the Registration Books kept by the Paying Agent/Registrar. Section 16. REDEMPTION OF REFUNDED OBLIGATIONS. (a) Subject to execution and delivery of the Purchase Agreement with the Purchaser, the Issuerhereby directs that the Refunded Obligations be called for redemption on the dates and at the prices set forth in the Pricing Certificate. (b) The paying agent/registrar for the Refunded Obligations is hereby directed to provide the appropriate noticeofredemption: as required by thel RefundedObligations: andi isl hereby directed to make appropriate arrangements SO that the Refunded Obligations may be redeemed on the appropriate redemption date. (c) Ifthe redemption oft the Refunded Obligations results in the partial refunding of any maturity ofthel Refunded Obligations, the Pricing Officer shall direct the paying agent/registrar for 27 the Refunded Obligations to designate at random and by lot whichofthel Refunded Obligations will be payable from and secured solely from ad valorem taxes ofthe Issuer pursuant to the order ofthe Issuer authorizing the issuance ofs such Refunded Obligations (the "Refunded Bond Ordinance"). For purposes of such determination and designation, all Refunded Obligations registered in denominations greater than $5,000 shall be considered to be registered in separate $5,000 denominations. The paying agent/registrar shall notify by first-class mail all registered owners of all affected bonds of such maturities that: (i) aj portion of such bonds have been refunded and are secured until final maturity solely with cash andi investments maintained by thel Escrow. Agenti int the Escrow Fund, (ii) the principal amount of all affected bonds of such maturities registered in the name of such registered owner that have been refunded and are payable solely from cash and investments in the Escrow Fund and the remaining principal amount ofall affected bonds ofs such maturities registered in the name of such registered owner, ifa any, have not been refunded and are payable: and secured solely from ad valoremtaxes ofthe Issuer described int the Refunded Obligation Ordinance, (iii) the registered owner is required to submit his or her Refunded Obligations to the paying agent/registrar, for the purposes of re-registering such registered owner's bonds and assigning new CUSIP numbers in order to distinguish the source of payment for the principal and interest on such bonds, and (iv) payment of principal ofa and interest on such bonds may, in some circumstances, be delayed until such bonds have been re-registered and new CUSIP numbers have been assigned as required by (iii) above. (d) The source of funds for payment of the principal of and interest on the Refunded Obligations on their respective maturity or redemption dates shall bei from the funds deposited with the Escrow Agent, pursuant to the Escrow Agreement approved in Section 3 oft this Ordinance, or from amounts deposited witht thej payingagentregistrar: forthel Refunded Obligations fromp proceeds oft the Bonds, ifthere is no Escrow Agreement. Section 17. GOVERNING LAW. This Ordinance shall be construed and enforced in Section 18. SEVERABILITY. Ifany provision ofthis Ordinance or the application thereof toany circumstance shall bel heldi to bei invalid, the remainder ofthis Ordinance and the application thereofto other circumstances shall nevertheless be valid, and this governing body hereby declares accordance with the laws oft the State ofTexas and the United States of America. that this Ordinance would have been enacted without such invalid provision. Section 19. EVENTS OF DEFAULT. Each oft the following occurrences or events for the purpose of this Ordinance is hereby declared to be an event of default (an "Event of Default"): (i) the failure to make payment oft the principal of or interest on any oft the Current Interest Bonds or the Maturity Valuec ofthe Capital Appreciation Bonds when thes same becomes due (ii) defaulti in the performance or observance ofany other covenant, agreement or obligation of the Issuer, the failure to perform which materially, adversely affects the rights of the Registered Owners, including, but not limited to, their prospect or ability to be repaid in and payable; or 28 accordance with this Ordinance, and the continuation thereof for aj period of6 60 days after Section 20. REMEDIESI FORI DEFAULT. (a) Upon thel happeningofanyl EventofDefault, thena and ine every case, any OAmwmmdwiadrpsale thereof, including, butr not limited to, a trustee or trustees therefor, may proceed against the Issuer for the purpose of protecting and enforcing the rights of the Owners under this Ordinance, by mandamus or other suit, action or special proceedinginequitys or at law, inany autofrcompetemyuraizdo. foranyreliefperited by law, including the specific performance of any covenant or agreement contained herein, or thereby to enjoin any act or thing that may be unlawful or in violation ofany right ofthe Owners notice of such default is given by any Registered Owner to the Issuer. hereunder or any combination of such remedies. equal benefit ofa all Owners of Bonds then outstanding. (b) It is provided that all such proceedings shall be instituted and maintained for the Section 21. REMEDIES NOT EXCLUSIVE. (a) No remedy herein conferred or reserved is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall bei ina addition to every otherremedy given hereunder or under the Bonds or now or hereafter existing at law ori in equity; provided, however, that notwithstanding any otherp provision oft this Ordinance, the right to accelerate the debt evidenced by thel Bonds shall not be available as a remedy under this Ordinance. (b) The exercise ofany remedy herein conferred or reserved shall not be deemed a waiver (c) Byaccepting the delivery ofal Bond authorized underthis Ordinance, such Owner agrees that the certifications required to effectuate any covenants or representations contained in this Ordinance dor not and shall never constitute or giver rise to aj personal or pecuniary liability or charge against the officers, employees or trustees of the Issuer or the City Commission. ofany other available remedy. Section 22. EFFECTIVE DATE. In accordance with the provisions of V.T.C.A., Government Code, Section 1201.028, this Ordinance shall be effective immediately upon its adoption by the City Commission. 29 RESOLUTION NO. 2021-04-12-1 A RESOLUTION OF THE CITY COMMISSION OF RANGER, TEXAS, AUTHORIZING THE SUBMISSION OF A TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM APPLICATIONTOTHETEXASDEPARTMENT OF AGRICULTURE: FORTHE] DOWNTOWN REVITALIZATION PROGRAM FUND; AND AUTHORIZING, THE MAYOR AND THE CITY MANAGER TO ACT AS THE CITY'S EXECUTIVE OFFICERS AND AUTHORIZED REPRESENTATIVESINALLI MATTERS PEKTAININGTOTHE CITY'SPARTICIPATIONIN WHEREAS, the City Commission of Ranger desires to develop a viable community, including decent housing and a suitable living environment and expanding economic opportunities, principally for persons WHEREAS, certain conditions exist which represent athreat to the public health and safety; and WHEREAS, iti is necessary and in the besti interests of the City of Ranger to apply for funding under the NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF RANGER, 1. That a' Texas Community Development Block Grant Program application for the Downtown Revitalization Program Fund is hereby'authorized to be filed on behalf oft the City with the 2. That the City's application be placed in competition for funding under the Downtown 3. That the application be for $350,000 of grant funds for sidewalk, accessibility, street THE TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM. of low-to- moderate income; and Texas Community Development Block Grant Program; TEXAS: Texas Department of Agriculture. Revitalization Program Fund. improvementsi in the Downtown District oft the City. 4. That the City Commission directs and designates the following to act in all matters in connection with this application and the City's participation in the' Texas Community Development Block The Mayor and City Manager shall serve as the City's Chief Executive Officers and Authorized Representatives to execute this application and any subsequent contractual The Mayorand City Manager are authorized to execute environmental review documents Ifthis application is funded, the Mayor, Mayor Pro-Tem, City Manager, and City Secretary are authorized to execute the Request for Payment Form documents and/or other forms required for requesting funds to reimburse project costs. Grant Program: documents; between the Texas Department of Agriculture and the City; and 5. That all funds will be used in accordance with all applicable federal, state, local and programmatic requirements including but not limited to procurement, environmental review, labor standards, real property acquisition, and civil rights requirements. . Thati it further be stated that the City of Ranger is committing $52,5001 from its General Fund as acash contribution toward this project. Passed and approved this 12th day of April, 2021. Joe Pilgrim, Mayor City of Ranger, Texas Savannah Fortenberry, City Secretary City of Ranger, Texas RESOLUTION NO. 2021-04-12-J AF RESOLUTIONOF THE CITY COMMISSIONOF THE CITY OF RANGER, DETERMINING THAT AN AREA OF THE CITY CONTAINS CONDITIONS WHICH ARE DETRIMENTAL TO THE PUBLIC HEALTH, SAFETY, AND WELFARE OF THE COMMUNITY AND WHEREAS, the City Commission of the City of Ranger has reviewed and evaluated conditions in the WHEREAS, The City Commission has found conditions which are detrimental to the public health, Vacant and deteriorated buildings, unsafe and noncompliant pedestrian access, deteriorated streets, vandalism, graffiti, inadequate lighting, and inadequate and deteriorated infrastructure. WHEREAS, the City Commission oft the City ofl Rangerhasa authorized an application forfunding under CONSTITUTES A SLUM AND BLIGHTED AREA. Downtown District oft the municipality; and safety, and welfare oft the community within the Downtown District,as follows: These features present a threat to public health ands safety., the Downtown Revitalization Program, as follows: Install sidewalks, integrated curbing, ADA access improyements; street chabliaow/rconsmcton, and associated appurtenances within the Downtown District. WHEREAS, these project activities will aid in the elimination of slum'and blight in the community by: Reconstructing and installing new sidewalks and ADA access and improving the streets in the Downtown District. This will increase public use and reduce theexisting threat to public health NOW, THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF RANGER, TEXAS THAT THE AREA IDENTIFIED BY THE FOLLOWING BOUNDARIES AND OUTLINED: ON THE MAP ATTACHED HERETO AS THE DOWNTOWN DISTRICT and safety in the area. HASI BEEN DETERMINEDTOBEASLUM ANDBLIGHTED, AREA. Boundaries North: Cherry Street South: Elm Street East: Commerce Street West'northwest of Marston Street Passed and approved this 12"day of April, 2021. CITY OF RANGER, TEXAS ATTEST: Joe Pilgrim, Mayor Savannah Fortenberry, City Secretary RESOLUTION NO. 2021-04-12-K Al RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANGER, TEXAS, AUTHORIZING THE SUBMISSION OF A TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM. APPLICATION TOTHE TEXAS DEPARTMENT OF AGRICULTURE FOR' THE: 2021-2022 COMMUNITY DEVELOPMENT FUND; AND AUTHORIZINGTHE MAYOR OR CITY MANAGER TO. ACT AS THE CITY'S EXECUTIVE OFFICERS AND AUTHORIZED REPRESENTATIVES IN ALL MATTERS PERTAINING TOTHE CITY'S PARTICIPATION IN THE TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT WHEREAS, the City Council oft the City ofl Ranger desires to develop a viable community, including decent housing and a suitable living environment and expanding comomic-opportumities, principally for WHEREAS, it is necessary and int the best interests oft the City of] Ranger to apply for funding under the NOW, THEREFORE, BE ITI RESOLVED BY THECITY COUNCIL OF THE CITYOF Thatal Texas Community Development Block Grant Program appliçation for the 2021-2022 Community Development Fund is hereby authorized to be filed on behalf of the Gity of Ranger with the Texas That the City's application be placed in compettomforfunding under the 2021-2022 Community That the application be for $350,000.00 of grant fundstoprovide water system improvements. That the City Council directs and designates the following to acti in all matters in connection with this application and the Ciu'sparticipationl int the Texas Community Development Block Grant Program: The Mayor or City Manager shalls serve as the City's ChiefExecutive Officers and Authorized Represemativesyeseue this application andanyspbsequent contractual documents; The Mayofor City Managerare authorized to execute environmental review documents between the Ifthis appliçation is funded, theMayor and'City Administrator are authorized to execute the Request for Payment Formo doçuments and/orother forms required for requesting funds to reimburse project costs. That all funds willbeused in accordance with all applicable federal, state, local and programmatic requirements including but notlimited toj procurement, environmental review, labor standards, real Thati iti further be stated' that the City of Ranger is committing $_35.000 from its Utility Fund as a cash contribution toward the construction activities oft this water system improvements project. PROGRAM. persons ofl low-to- moderate income; and Texas Community Development Block Grant Program; RANGER, TEXAS: Department of Agriculture. Development Fund. Texas Department of Agriculture and the City'and propertya acquisition, andcivil rights requirements. Passed and approved this 12th day of April, 2021. CITY OF RANGER, TEXAS ATTEST: Joel Pilgrim, Mayor Savannah Fortenberry, City Secretary A1013 THE CITY OF RANGER CITIZEN PARTICIPATION PLAN TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM Note to Grant Recipients regarding Limited English Proficiency (LEP) requirements: In accordance with federal law, if there is a significant number of the population who are non- English speaking residents and are affected by the TxCDBG project, such citizens should have meaningful access' to all aspects of the TxCDBG project. To provide 'meaningful access', Grant Recipients may need to provide interpreter services at public hearings or provide non-English written materials that are routinely provided in English. Examples of such vital documents may include Citizen Participation notices (e.g., complaint procedures, hearings notices), civil rights notices, and any other published notice that may allow an eligible person with limited English proficiency to participate in discussing proposed CDBG activities. For more information, see LEP.gov COMPLAINT PROCEDURES These complaint procedures comply with the requirements of the Texas Department of Agriculture's Texas Community Development Block Grant (TxCDBG) Program and Local Government Requirements found in 24 CFR $570.486 (Code of Federal Regulations). Citizens can obtain a copy of these procedures at the City of Ranger, 400 W. Main St., Ranger, TX 76470, 254-647-3522, during regular business hours. Below are the formal complaint and grievance procedures regarding the services provided under the TxCDBG 1. A person who has a complaint or grievance about any services or activities with respect to the TxCDBG project, whether iti is aj proposed, ongoing, or completed TxCDBG project, may during regular business hours submit such complaint or grievance, in writing to the City Manager, at 400 W. Main St., Ranger, 2. A copy of the complaint or grievance shall be transmitted by the City Manager to the entity that is the subject of the complaint or grievance and to the City Attorney within five (5) working days after the date 3. The City Manager shall complete an investigation oft the complaint or grievance, if practicable, and provide a timely written answer to person who made the complaint or grievance within ten (10) days. 4. Ifthe investigation cannot be completed within ten (10) working days per 3 above, the person who made the grievance or complaint shall be notified, in writing, within fifteen (15) days where practicable after receipt of the original complaint or grievance and shall detail when the investigation should be project. TX 76470, or may call 254-647-3522. of the complaint or grievance was received. completed. 5. Ifnecessary, the grievance and a written copy of the subsequent investigation shall be forwarded to the TxCDBG for their further review and comment. 09/01/2020 6. Ifappropriate, provide copies of grievance procedures and responses to grievances in both English and Spanish, or other appropriate language. TECHNICAL ASSISTANCE When requested, the City shall provide technical assistance to groups that are representative of persons of low- and moderate-income in developing proposals for the use ofTXCDBG funds. The City, based upon the specific needs of the community's residents at the time of the request, shall determine the level and type of assistance. PUBLIC HEARING PROVISIONS For each public hearing scheduled and conducted by the City, the following public hearing provisions shall be 1. Public notice of all hearings must be published at least seventy-two (72) hours priort to the scheduled hearing. The public notice must be published in al localnewspaper. Each public notice must include the date, time, location, and topics to be considered at the public hearing. Aj published newspaper article can also be used to meet this requirement SO long as it meets all content and timing requirements. Notices should also be prominently posted in public buildings and distributed tolocal Public Housing observed: Authorities and other interested community groups. 2. When a significant number of non-English speaking residents are aj part of the potential service area of the TxCDBG project, vital documents suchasn notices should be published in the predominant language 3. Each public hearing shall be held at a time and location convenient to potential or actual beneficiaries and will include accommodation for persons with disabilities. Persons with disabilities must be able to attend the hearings and the City must make arrangements for individuals who require auxiliary aids or 4. Aj public hearing held prior to the submission of a' TxCDBG application must be held after 5:001 PM on a 5. When a significant number of non-English speaking residents can be reasonably expected toj participate in ap public hearing, an interpreter should'b be present to accommodate the needs of the non-English of these non-English speaking citizens. services if contacted at] least twodays prior to the hearing. wekdyoraracomveniemt time on a Saturday or Sunday. speaking residents. The City shall comply with the following citizen participation requirements for the preparation and submission 1. Atar minimum, the City shall hold at least one (1) public hearing toj prior to submitting the application to 2. The City shall retain documentation of the hearing notice(s), a listing of persons attending the hearing(s), minutes of the! hearing(s), and any other records concerning the proposed use of funds for three (3) years from closeout of the grant to the state. Such records shall be made available to the public of an application foraTXCDBG project: the Texas Departmentof. Agriculture. in accordance with Chapter 552, Texas Government Code. 09/01/2020 3. The public hearing shall include a discussion with citizens as outlined in the applicable TxCDBG application manual to include, but is not limited to, the development of housing and community development needs, the amount of funding available, all eligible activities under the TxCDBG program, and the use of past TxCDBG contract funds, if applicable. Citizens, with particular emphasis on persons of] low- and moderate-income who are residents of slum and blight areas, shall be encouraged to submit their views and proposals regarding community development and housing needs. Citizens shall be made aware of the location where they may submit their views and proposals should they be unable to attend 4. When a significant number of non-English speaking residents can be reasonably expected toj participate in aj public hearing, an interpreter should be present to accommodate the needs of the non-English the public hearing. speaking residents. The City must comply with the following citizen participation requirements in the event that the City receives 1. The City shall also hold aj public hearing concerning any substantial change, as determined by TxCDBG, proposed tol be made in the use ofTXCDBG funds from one eligible activity to another again using the 2. Upon completion of the TxCDBG project, the City shall hold aj public hearing and review its program 3. When a significant number of non-English speaking residents can be reasonably expected toj participate in aj public hearing, for either aj public hearing.conceming: substantial change to the TxCDBG project or for the closeout of the TxCDBG project, publish notice in both English and Spanish, or other appropriate language and provide an interpreter at the hearing to accommodate the needs of the non-English 4. The City shall retain documentation of the TxCDBG project, including hearing notice(s), al listing of persons attending the hearing(s), minutes of the hearing(s), and any other records concerning the actual use of funds for a period ofthree (3) years from closeout of the grant to the state. Such records shall be madeavailable to the public in accordance with Chapter 552, Texas Government Code. funds from the TxCDBG program: preceding notice requirements. performance including the actual use of the TxCDBG funds. speaking residents. Joe Pilgrim, Mayor Date 09/01/2020 LA CIUDAD DE RANGER PLANDEI PARTICIPACION CIUDADANA PROGRAMA DE TEXAS COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM Nota a los receptores de. subvencion en relacion a requisitos de Dominio Limitado del Inglés: De acuerdo con lal ley federal hay un numero significativo de poblaciôn que son residentes y que no hablan inglés y son afectados por el proyecto TxCDBG, estos ciudadanos deben tener "acceso significativo" at todos los aspectos del proyecto TxCDBG. Para proporcionar "acceso significativo", receptores de la subvenciôn pueden ser utilizados para proporcionar servicios dei intérpretacion en las audiencias publicas 0 proporcionar materiales no escritos en inglés que se proporcionan de manera rutinaria en Inglés. Para obtener mâs informaciôn, consulte LEP.gov. PROCEDMIENTOS DE QUEJA Estos procedimientos de queja cumplen con los requisitos del Departamênto de Programa de Agricultura de Texas Community Development Block Grant (TxCDBG) y los requisitos del gobierno local de Texas se encuentran en 24 CFR $570.486 (Cédigo de Regulaciones Federales). Los ciudadanos pueden obtener una copia de estos procedimientos en la Ciudad de Ranger, 400 W. Main St., Ranger, TX 76470, 254-647-3522 en horario Ac continuacion se presentan los procedimientos formales de quejas y quejasrelatiyas a los servicios prestados de oficina. en el marco del proyecto TxCDBG. 1. Una persona que tiene una queja 0 reclamacion sobre cualquiera de los servicios 0 actividades en relaciôn con el proyecto TxCDBG, o si se trata de una propuesta, en curso O determinado proyecto TxCDBG, pueden durante las horas regulares presentar dicha queja 0 reclamo, por escrito a la Ciudad de Ranger, 400 W. MainSt., Ranger, TX 76470, 0j puede llamar a 254-647- 2. Unarcopia de la queja or reclamacion se transmitira por el Administrador de la ciudad a la entidad que es encargada de la queja 01 reclamaciôn y al Abogado de la Ciudad dentro de los cinco (5) dias hâbiles siguientes a la fecha de la queja 0 dia que la reclamacion fue recibida. 3. El Administrador de la ciudad deberà complir una investigacion de la queja o reclamacion, si es posible, y dara una respuesta oportuna por escrito a la persona que hizo la denuncia 0 queja 4. Sil lai investigacion noj puede ser completada dentro de los diez (10) dias habiles anteriormente, la persona que hizo la queja 0 denuncia sera notificada, por escrito, dentro del los quince (15) dias cuando sea posible después de la entrega del la queja original 0 quejas y detallarà cuando se 5. Si es necesario, la queja y una copia escrita de la investigaciôn posterior se: remitiran a la 6. Sej proporcionara copias de los procedimientos de queja y las respuestas a las quejas, tanto en 3522. dentro de los diez (10) dias. debera completar lai investigacion. TxCDBG para su posterior revisiôn y comentarios. Inglés y Espanol, u otro lenguaje apropiado. 09/01/2020 ASISTENCIA TÉCNICA Cuando lo solicite, la Ciudad proporcionarà asistencia técnica al los grupos que son representantes de las personas de bajos y moderados ingresos en el desarrollo de propuestas para el uso del los fondos TxCDBG. La Ciudad, en base a las necesidades especificas de los residentes de la comunidad en el momento de la solicitud, debera determinar el nivel y tipo de asistencia. DISPOSICIONES AUDIENCIA PUBLICA siguientes de audiencias publicas: Para cada audiencia publica programada y llevada a cabo por la Ciudad, se observarân las disposiciones 1. Aviso publico de todas las audiencias deberà publicarsé al menos setenta y dos (72) horas antes de la audiencia programada. El aviso publico debera publicarse en un periodico local. Cada aviso publico debe incluir la fecha, hora, lugar y temas a considerar en la audiencia publica. Un articulo periodistico publicado también puede utilizarse para cumplir con este requisito, siempre ycuando cumpla con todos los requisitos dé contenido y temporizacion. Los avisostambién deben ser un lugar prominente en los edificios publicos y se distribuyen a las autoridades locales 2. Cuando se tenga un numero significativo de residentes que no hablan inglés seran una parte de la zona de servicio potencial del proyecto-TxCDBG, documentos vitales Ranger las comunicaciones: deben ser publicados en el idioma predominante de estos ciudadanos que no 3. Cada audiencia publica se llevarà a caboenun momento ylugar conveniente para los beneficiarios potenciales o reales ei incluira alojamiento,para personas con discapacidad. Las personas con discapacidad deben poder asistir al las audiencias y la Ciudad debe hacer los arreglos para las personas que requieren ayudas O servicios auxiliares en caso de necesitarlo por 4. Una audiencia publiça celebrada antes de la presentacion de una solicitud TxCDBG debe hacerse después de las5:00 pm en un dia de semana o en un momento conveniente en sâbado 0 domingo. 5. Cuando un ndmerosignificatvode residentes que no hablan inglés se registra para participar en una audiencia publica, un intérprete debe estar presente para dar cabida al las necesidades de los de vivienda publica y otros grupos interesados de la comunidad. hablan ingles. loi menos dos dias antes de la audencia serà publica. residentes que no hablan inglés. La Ciudad deberà cumplir con los siguientes requisitos de participacion ciudadana para la elaboraciôny presentacion de una solicitud para un proyecto TxCDBG: 1. Ranger minimo, la Ciudad deberà tener por lo menos un (1) audiencia publica antes de presentar 2. La Ciudad conservarà la documentacion de la convocatoria(s) audiencia, un listado de las personas que asistieron a la audiencia(s), acta de la vista(s), y cualquier otra documentaciôn relativa al la propuesta de utilizar los fondos para tres (3) anos a partir de lal liquidaciôn de la subvenciôn para el Estado. Dichos registros se pondrân a disposicion del publico, de las solicitud al Departamento de Agricultura de Texas. conformidad con el Capitulo 552, C6digo de Gobierno de' Texas. 09/01/2020 3. La audiencia publica debera incluir una discusiôn con los ciudadanos Ranger sei indica en el manual correspondiente de aplicacion TxCDBG, pero no se. limita a, el desarrollo de las necesidades de vivienda y desarrollo comunitario, la cantidad de fondos disponibles, todas las actividades elegibles bajo el programa TxCDBG y el uso de fondos ultimos contratos TxCDBG, en su caso. Los ciudadanos, con especial énfasis en las personas de bajos y moderados ingresos que son residentes de las zonas de tugurios y tizôn, se fomentara aj presentar sus opiniones y propuestas sobre el desarrollo de la comunidad y las necesidades de vivienda. Los ciudadanos deben ser conscientes de la ubicaciôn en la que podrân presentar sus puntos de vista y propuestas 4. Cuando un numero significativo de residentes que no hablan inglésse registra para participar en una audiencia publica, un intérprete debe estar presente para dar cabida a las necesidades de los en caso de que no pueda asistir a la audiencia publica. residentes que no hablan inglés. La Ciudad debe cumplir con los siguientes requisitos de participaciôn ciudadana en el caso de que la Ciudad recibe fondos del programa TxCDBG: 1. La Ciudad celebrarà una audiencia publica sobre cualquier cambio sustancial, segun lo determinado por TxCDBG, se propuso que se harà con el uso de fondos TxCDBG de una actividad elegible a otro utilizando de nuevo los requisitos de notificaciôn desempeno del programa incluyendoel uso real de los fondos TxCDBG. 2. Una vez finalizado el proyecto TxCDBG, la Ciudad celebrara una audiencia publicayrevisara el 3. Cuando un nimero.significativo de residentes que no hablan inglés se puede registra para participar en una audiencia publica, ya sea para una audiencia publica sobre el cambio sustancial del proyectoTXCDBGo para la liquidacion del proyecto TxCDBG, publicarà un aviso en Inglés y! Espanoluo otro idioma apropiado y se proporcionara un intérprete en la audiencia para dar 4. La Ciudad conservara la documentaciôn del proyecto TxCDBG, incluyendo aviso de audiencia(s), un listado de las personas que asistieron a la audiencia(s), acta de la vista(s),y cualquier otro registro concerniente al uso real de los fondos por un periodo de a tres (3) anos a Dichos registros se pondrân a disposicion del publico, de conformidad con el Capitulo 552, cabida a las neçesidades de los residentes. partir de la liquidacion del proyecto al estado. Codigo de Gobierno de Texas. Joe Pilgrim, Alcalde Fecha 09/01/2020 Recommendation to Adopt Adjustment to Cemetery Rates: Administrative Fee $25 - (Office actions related Cemetery, i.e., Plot Deed transfer, etc.) Locate Plot $30 Plot $255 used for Urns only. Urn $70 - Placement on a plot with a casket. Each Urn placement on a plot to be NOTE: These updated rates are effective immediately upon adoption. The rates will be included in the City of Ranger's Schedule of Fees. Recommendation to Adopt Adjustment to Cemetery Rates: Administrative Fee $25 - (Office actions related Cemetery, i.e., Plot Deed transfer, etc.) Locate Plot $30 Plot $255 used for Urns only. Urn $70 - Placement on a plot with a casket. Each Urn placement on a plot to be NOTE: These updated rates are effective immediately upon adoption. The rates will be included in the City of Ranger's Schedule of Fees. ORDINANCE NO. 2021-04-12-A AN ORDINANCE OF THE CITY OF RANGER, TEXAS, ADOPTING RULES AND RATES FOR THE EVERGREEN CEMETERY; PROVIDING A PENALTY CLAUSE; PROVIDING FOR SEVERABILITY; OPEN MEETING CLAUSES; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Ranger ("City") owns a municipal owned cemetery, which is WHEREAS, the City Commission ("City Commission'), as the governing body of the municipality may purchase, establish, regulate, enclose, and improve a cemetery owned WHEREAS, the City Commission has previously regulated the sale of lots and the WHEREAS, the City Commission finds it necessary to update its cemetery regulations and has determined that the regulations should be adopted as an ordinance to aid in NOW, THEREFORE, BEI IT ORDAINEDBYTHE CITY COMMISSION OF THE CITY OF Section 1. Findings of Fact. Thei findings'and recitationsset out herein above are found to be true and correctand are hereby adopted by the City Commission and made a part Section2. Adoption of Cemetery Ordinance. The Ordinance set forth below shall be adopted and known théreafteras-the "Evergreen Cemetery Ordinance" for the City: operated by the City as Evergreen Cemetery; by the municipality. appearance of the cemetery; and enforcement of the regulations; RANGER, TEXAS THAT: hereof for all purposes as-findings of fact. EVERGREEN CEMETERY Articlel,Care, Administration, and Provisions Section 1. Evergreen Cemetery Care (a) The Evergreen Cemetery is operated pursuant to Chapter 713 of the Texas Health (b) The care of the Evergreen Cemetery by the City does not include the purchase, erection, repair, or replacement of markers, headstones, monuments, or any other items and Safety Code. on a plot or grave. 1 Section 2. Definitions The following words and terms, when used in this Ordinance, shall have the following Cemetery means a place that is used or intended to be used for interment, and includes a graveyard, burial park, mausoleum, or any other area containing one or more graves. meanings, unless the context clearly indicates otherwise. In this Ordinance, it means the Evergreen Cemetery. City means the City of Ranger, Texas. Decedent means a human who has died. City Manager means the City Manager of the City of Ranger or his or her designee. Disinterment means to exhume, unbury, or takeouto ofthe grave. Flower arrangement means a decorative display of either naturalcut flowers or artificial Flower saddle means ai flower arrangement thatis attached to an uprightheadstone by a Funeral establishment means a place ofbusiness usedin the care and preparation for interment or transportation of human remains, or any place where one or more persons are engaged or representhemsehekle be engaged in the business of embalming or Grave means a space in the Cemetery thatis used for interment or inurnment of human flowers. wire frame. Also called "headstone saddle" and "cemetery saddle". funeral directing. remains in the ground. The term includes Grave site. Interment means the permanent disposition of remains by burial. Inumment means the permanent disposition of a cremation by burial. Memorial means a headstone, tombstone, gravestone, monument, or other marker Plot means a space in the Cemetery that is used or intended to be used for interment or Plot owner means a person in whose name a plot is listed in the City's offices as the owner of the exclusive right of interment or who holds a certificate of ownership or other instrument of conveyance of the exclusive right to interment in a particular plot in the Remains mean the body of a decedent or the cremated remains of a decedent. Shepherd's hook means a long metal pole which is curved over at the top for holding denoting a grave. inurnment of human remains in the ground. Evergreen Cemetery. hanging baskets. 2 Section 3. General Provisions (a) The Cemetery contains plots and grave sites in the ground. All plots or grave sites owned by the City are subject to purchase, which shall be memorialized by either a Cemetery Deed for a plot or grave site or a Certificate of Ownership. The City reserves the right to refuse to sell a plot or grave space to any particular person or entity. (b) All plots shall be used for the interment of human remains only. (c) The owner of plots and grave sites in the Cemetery shall have the right to use the cemetery pursuant to the rules and regulations containedin,this Ordinance. (d) The rules and regulations herein contained are designed fort the protection of the rights of all plot and grave site owners. The rules adopted have been determined to be (e) The rules and regulations contained in this Ordinance are intended to allow for diverse memorialization of the lives of loved onesv while also promoting safety of visitors and City (f) The City reserves the right from time to time, to enlarge, reduce, replat, or change boundaries or grading of the cemeteryonany sectionthereof, including the right to modify or change the location of, remove or regrade roads, drives and/or walks or any part thereof, and to lay, maintain, operate, alter, orchange pipelines, sprinkler systems, and drainage systems. ThéCityreserves theright to'useand to place trees, shrubs, features, monuments, and works of arton portions ofthe Cemetery not sold to individual plot or (g) The Cityreserves the rightto establish a volunteer group that will work in cooperation with and.anderthe guidance of the City The volunteer group would serve as an advocate to preserve, maintain, and improve the Cemetery and educate the City about its importance as a historicand culturakresource. This volunteer group may assist in general clean-up, public remembrances such as veterans' events, research, and projects reasonably necessary. staff and allowing for efficient maintenance by the City. grave owners. approved byt the City. Section 4. Administration and Supervision (a) All matters pertaining to the Cemetery are under the jurisdiction of the City Commission. All administrative matters pertaining to the daily operation of the Cemetery (b) No person shall have the right to transact any business pertaining to the Cemetery unless duly authorized, in writing, by the City Commission or City Manager. (c) The City's Public Works Department has the task of maintenance and care of the Cemetery on behalf of the City and its responsibilities as outlined in this Ordinance. are conducted under the direction of the City Manager. 3 (d) Records regarding all interments in the Cemetery shall be kept at City Hall. These records shall include the section, lot, and grave location, the name, age, and date of interment of each grave occupant. Section 5. Additional Relevant State Law State laws which may be enforced at the Cemetery include, but are not limited to: (a). Abuse of Corpse. Section 42.08 of the Texas Penal Code says that the vandalizing, damaging, or treating in an offensive manner the space in which remains have been interred or otherwise permanently laid to rest is a ClassA misdemeanor or State Jail (b) Criminal Mischief. Section 28.03 of the Texas Penal Code says that the damage or (c) Graffiti. Section 28.08 of the Texas Penal Code says that theintentional or knowing creation of markings on property of another which is located in aplace of human burial with paint, an indelible marker, or an etching orengravingdevice is astate jail felony. felony depending on the allegations. destruction of property involving human burial isa State Jaill Felony. Article II. Penaltiés Section 1. Violations and Penalties - (a) If any plot or grave site is foundtobe in-violation oft this Ordinance, the City may (b) Any person ore entitywho violates orfaiktogaimpywinany provision of this Ordinance shall be charged with a Class Cmisdemeanonand, if convicted, may be subject toi fine of up to Five Hundred Dollars ($500.00). Each day a violation exists or continues shall remove and discard the subject of the violation withoutliabilty) constitute a separate offense. Article III. Sale of Spaces Section 1. Cost The City Commission shall establish the price of all plots and/or supplementary services in an established Fee Schedule. The current fee schedule is available in the office of the City Secretary. Section 2. Sale Procedures (a) Payment. A person wishing to purchase a plot may pay the cost in full or may enter into a sales contract with the City to purchase a plot. Upon receipt of full payment, the City will issue a Cemetery Deed to the purchaser. The Cemetery Deed will be recorded at the City Hall of Ranger, Texas prior to being delivered to the purchaser. (b) Plots for Interments. Only one (1) full internment is permitted per plot. However, a full internment and one (1) inurnment (cremation) may be permitted per plot. If a 4 cremation (inurnment) and full interment are to be made in one plot, the full internment (c) Plots for Inurnments. Four inurnments can be made on a single plot without a casket. (e) The sale of a space is not valid until either a Cemetery Deed or a Certificate of must be done prior to the inurnment. (d) The purchaser must agree to abide by the City regulations. Ownership has been delivered to the purchaser. Section 3. Resale Procedures An original owner wishing to sell or transfer a plot to another person must file documents memorializing the sale or transfer with the City and paya.transfer fee, as established by the City Commission in the City Fee Schedule. The resale of plot's cannot be for more than the current purchase price that is established in the CityFee Schedule. The City shall then issue a new Cemetery Deed or Certificate of Ownership to the purchaser. Article IV. Useofthe Cemetery Section 1. Hours of Operation (a) The gates of the Cemetery will open at 8:00 a.m. ànd close at dusk, and no one will (b) All work performedinthe Cemetery, by anyone otherthan the City, may only be conducted betweep.:0am and 5:00) Am.gaMondaytroun Friday. Individuals may be allowed within the grounds before opening or after dlosing. perform work on aypmapernr closing. Section 2. Vehicles - (a) No person shalloperateor cause to operate àny vehicle within the Cemetery except on roads designated forthat purpose. No person shall operate or cause to operate any vehicle atas speed greaterthan ten(10) miles per hour while within the Cemetery. (b) Vehicles shall be driven only on driveways and not across plots or graves to gain access to a graveor plot. Vehicles may not turn around in the avenues. (c) Commercial vehicles arê prohibited, unless used for the delivery of materials for construction and devélopment within the grounds. Section 3. Rules of Conduct (a) Visitors must not intentionally trespass on any plot or grave. (b) All persons must remain quiet and respectful while internment services are being (c) No person shall possess or consume alcoholic beverages or illegal drugs within the conducted. Cemetery. 5 (d) Disorderly conduct is not permitted, and the individual will not be allowed to enter or remain within the Cemetery grounds. (e) Children should be accompanied by adults. and properly disposing of their animal's feces. (f) Dogs and other pets must be on a leash. The pet owner is responsible for collecting (g) No advertisement of any form shall be allowed or conducted within the Cemetery or (h) The City will not be responsible for acts of vandalismortheft of memorials or personal on the Cemetery gates. property. Section 4. Funerals Funeral establishments must schedule rules contained in this Ordinance. Section 5. Interment ensure that all attendees vacate the Cemetery prior to sundown. On entering and while within the Cemetery, funeral processions, participants, and guests shallçonduct themselves inaccordance with the (a) Order. A plot owner, or thel groeeom.et sign an order fori interment (b) Licensed Funeral Directors. It shall be the dutyand responsibility of the funeral directors to confirm.plot ownership with theCitypriort to interment. All graves must be dug and filled by licensed funeral directors conducting the burials and the City shall not be (c) Notice, The Funeral Establishment shall provide the City with notice regarding a planned interment. Said notice shall providé the details of the day and time of the proposedunterment. Said.notice shall be provided to the City at least one (1) business day before the planned interment. ACity representative will be present to mark the (d) Restricted. Allinterments in any plot shall be restricted to members oft the family and relatives of the ownertnereotunless written permission has been obtained from the City. (e) Burial Rules. Not more than one (1) casket and one (1) urn may be buried in one plot. This subsection does not affect multiple burials existing as of April 12, 2021. () Burial Rules for Inurnments Only. Not more than four (4) cremated remains may be (g) Fee. A fee shall be assessed for each interment or inurnment after the first interment in a plot. Said fee will be established by the City Commission in the Fee Schedule before the City will allow interment. responsible. for digging such graves, appropriate plotforinterment inurned in one (1) grave. Ordinance. 6 Section 6. Disinterment (a) Permit. Disinterment shall only be made after a disinterment permit has been issued by the State or upon written permission of the City if the remains are to be reinterred in (b) Order. A plot owner, or the legal heir(s) of the owner, must sign an order for (c) Notice. Written notice of any disinterment shall be provided at least one (1) business day before the planned disinterment and shall include thêstate permit, if required, the order described by subsection (b) above, and providethe details of the day and time of the proposed disinterment. ACity representative will be present to mark the appropriate the Cemetery or if the remains are located in the columbarium. disinterment before the City will allow disinterment. plot for disinterment. Article V. Appearançe of Cemetery Section 1. Responsibilities of City (a). All plots are marked and put in order by theCity. (b) The City reserves unto itself a perpetual right of ingress and egress over graves and plots for the purpose of maintenance orany and all Other lawful purposes. (c) The City is responsible for cleaning, mowing, and trimming all areas of the Cemetery. The City may allow the private care of agraves or plots.provided said care is at the same (d) The City shall have the right to remove objects that are deemed to be offensive or injurious to the appearanco/aurounang plotsor graves. The City shall have the right, and it shallbe their.duty, to'enter upon such plot or grave and remove the offensive or (e) Twicerayear, the Cityshall conduct a clean-up during which it will remove any items left at the Cemetery, includingindividug plots or graves for longer than thirty (30) days. (a) Boundary and Grade. All boundary markers set by the City must remain undisturbed. The grade of plots, once established, shall not be changed without the consent of the (b) The City shall have the full right to fill and level graves and plant grass thereon, when (c) Vegetation. Picking flowers, wild or cultivated, or injuring trees, plants, shrubs, or other property in the Cemetery is strictly prohibited. The planting of trees, shrubs, and bushes anywhere within the Cemetery will not be permitted without prior approval of the or superior level as provided bythe City. improper object, anditmay doso without notice to the owner. Section 2. Appearance of Plots or Graves City. desired or deemed necessary. City Manager. 7 (d) Perimeter Structures. No fencing, coping, or enclosure of any nature will be allowed without prior approval by the City, unless it was in place prior to April 12, 2021. (e) Flags may be placed on graves of Veterans and Gold Star Families by approved Veterans Groups as authorized by the City and family members. These flags may be placed in celebration of Memorial Day, Independence Day, and Veteran's Day. These ()T The City is authorized, as part of its role in maintaining the Cemetery, to remove debris, including dead flowers, deteriorated plastic ornaments, wreaths, baskets, floral pieces, decorations, and all other objects when they have become unsightly, withered, or an obstruction to maintenance. The City may remove any item deemed to endanger the flags must be picked up within two weeks following these holidays. public health, safety, comfort, or welfare. Section 3. Memorials (a) Notice Required. A dealer wishing toinstall a memorial mustprovide written notice tot the City at least one (1) business day prior to installation. Said notice shall include documentation from the plot owner authorizing the installation of the memorial and provide information regarding thesize, description.matera, and lettering ofthe memorial. Before a dealer may install a memorialitmust: havethe written authorization of the City. Once allowed, all work must be completed as fast as possible, under the supervision of the City, and all materials must be removed whens work is çompleted. (b) Monuments. Standingn monuments are aythorized. (c) Individual grave markers. Flat grave markers should be set flush with the ground. Grave markers that are not flushwith the ground may be damaged during mowing and maintenancet tothe Cemetery. Temporary markers must be removed once a permanent (d) Comerstones and Footstones Cornerstones or Footstones must be level with the ground, sO às to not interfere with-mowers. It is recommended that they be made of (e) Removal. Nomemorial shall be removed from any plot under claim that it is not paid markerneadstone,Or.monument has beenplaced on a grave space. unpolished granite or bronzeifu used. for, or other pretense, withoutthe written permission of the City. Section 4. Decoration ofPlots, Graves (a) Non-Flower Items. Toys, glassware, trinkets, rosaries, shells, or similar items may be placed on a plot. However, these items should be permanently attached to the base of an uprightr monument by the plot owner. Plot owners should be aware that if non-flower items are deemed to be a deterrent to maintenance or mowing, or if they become (b) Flowers. Flowers are authorized in the Cemetery. Plot owners are encouraged to use baskets hanging from a shepherd's hook, as part of a flower saddle placed on unsightly, they may be removed by the City. 8 monuments, or in a pot or vase that is staked (or anchored) in the ground. Displaying flowers in this manner allows for efficient maintenance and mowing in the Cemetery. (c) Existing Decorations. Any decorations existing on plots as of April 12, 2021 which are in violation oft this Ordinance shall be allowed to remain as long as the decorations do not pose a threat to the health and safety of visitors and do not interfere with the City's (d) Breakage: Every reasonable effort will be made to respect each decoration; however, the City shall not be responsible fori thel breakage of stands,vases, and other decorations. (a) City water is available at the Cemetery. Watefsprinklers will not be left on after the Cemetery closes for the day. Repeat offenses acorsderedaviolation of this Ordinance (b) Watering equipment is not provided by the City. If patrons leave sprinklers at the Cemetery, they may be tagged and removed by the City Staff. The City will attempt to make contact sO that the equipment may be returned tot theappropriate owners. The City (c) Filling of water containers, tanks,or watèr-trucks foruse outside of the Cemetery is a ability to maintain the Cemetery. Section 5. Watering Guidelines and is therefore subject to penalties. will not hold or store the equipmént for Jonger than30 days. violation and is subject to penalties. Section 6. Surroundingareas The space and walkaround single graves remain the property of the City. No markers, trees, or flowers shall be allowed between the single grave rows. Section 3. Repeal. All ordinances or parts of ordinances in conflict herewith shall be and Section 4. Severability. The provisions of this Ordinance are declared to be severable. Ifa any section, sentence, Çlause, or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional by a court of competent jurisdiction, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance, but they shall remain in effect notwithstanding the validity of any part. Section 5. Open Meetings Act. It is hereby officially found and determined that the meeting at which this ordinance is passed was open to the public as required and that the public notice of the time, place, and purpose of said meeting was given as required and that public notice, place, and purpose of said meeting was given as required by the open are hereby repealed to the extent of such conflict. meetings act, chapter 551, Texas Government Code. 9 Section 6. Effective Date. This Ordinance shall be in full force and take effect upon its passage and publication as provided by law, and it is sO ordained. FIRST READING PASSED AN APPROVED, this 12th day of April, 2021. SECOND READING PASSED AN ADOPTED, this 26th day of April, 2021. CITY OF RANGER, TEXAS Joé Pilgrim, Mayor ATTEST Savannah Fortenberry, City Secretary 10 CITY OF RANGER PROFIT AND LOSS REPORT MARCH 2021 INCOME March $36,898.78 $170.00 $2,700.00 $0.00 $4,851.50 $17,213.15 $367.40 $85,725.82 $66,097.24 $9.32 $151.39 $0.00 $0.00 $8.00 $0.00 $38,191.41 $0.00 $252,384.01 March $80.00 $287.39 $4,330.36 $1.50 $0.00 $0.00 $0.00 $0.00 $2,420.00 $0.00 $1,309.77 $0.00 $148.14 $0.00 $3,267.36 $690.00 $1,336.24 $0.00 $2,107.98 $614.51 $0.00 $0.00 $0.00 $232.40 $2,781.94 $57,192.08 YTD $307.00 $ $4,560.00 $ $150.00 $1,759.03 $ $135.42 $151.39 $61.50 $370.00 $17.00 $750.00 $0.00 YTD $182.00 $781.80 $9.00 $254.50 $16.20 $390.00 $1,806.68 $ $1,131.39 $ $6,000.00 $ Budget % AD-Valorem Tax (Property) Birth & Death Certificates Cemetery Lots & Location Fees Community Center Rental Court Collections -General EMS Subsidy & Fees - Income Federal Fuel Tax Refund Franchise Fees Grant Funds Interest Misc Income Office Supplies - Income Permits & License Fees Records Preservation Fee Sale operyvencerqupment Sales Tax Revenue:Sales Tax Unencumbered Fund Balance TOTAL INCOME $350,483.55 $ 425,000.00 82.47% 1,000.00 30.70% 3,500.00 130.29% 500.00 30.00% 4,000.00 43.98% 3,500.00 3.87% 1,500.00 10.09% 350.00 17.57% 650.00 56.92% 50.00 34.00% 750.00 100.00% $ $19,656.69 $ 100,000.00 19.66% $85,497.44 $ 150,000.00 57.00% $93,177.32 $ 115,000.00 81.02% $66,097.24 $ 25,000.00 264.39% $ $ $ $ $ $ $209,687.24 $ 420,000.00 49.93% $832,860.82 $1,750,800.00 47.57% $ 500,000.00 0.00% EXPENSE Budget $ $ $ $ $ $ % Advertising Legal Publications Animal Control General Appraisal District Fees Banking Account Fees Building Maintenance & improvements, Capital Improvements Civil Fees - Certificates Commissioner Stipend Contract Labor Copier Machine Lease Court Fees Expense Dispatch Fees Police/Fire/EMS Dues, Fees & Permits Elections Expense Electricity Utility EMS License & Operating Fees EMS Supplies & Equipment Equipment Rental Fuel - Petroleum Gas - Utility Grant Funds Jail Fees - County Misc. Expense Office Supplies Operating Supplies Payroll Expenses 800.00 22.75% 2,500.00 31.27% 200.00 4.50% 2,500.00 10.18% 100.00 16.20% 700.00 55.71% 2,500.00 72.27% 3,500.00 6,500.00 92.31% $8,531.72 $ 18,000.00 47.40% $81,932.70 $ 56,650.00 144.63% $21,923.71 $ 25,000.00 87.69% $12,251.32 $ 45,000.00 27.23% $35,919.80 $ 36,000.00 99.78% $20,185.87 $ 42,500.00 47.50% $7,359.44 $ 25,000.00 29.44% $5,233.97 $ 34,000.00 15.39% $12,404.15 $ 40,000.00 31.01% $38,042.43 $ 90,000.00 42.27% $0.00 $2,949.62 $ $0.00 $234.50 $30.00 $994.87 $ 750.00 0.00% 4,000.00 73.74% $ 25,000.00 0.00% 1,000.00 23.45% 1,000.00 3.00% 3,000.00 33.16% nsurance-Propery/metn_relabiy $8,745.76 $ $ $ $12,158.32 $ 25,000.00 48.63% $442,667.97 $ 780,000.00 56.75% CITY OF RANGER PROFIT AND LOSS REPORT MARCH 2021 EXPENSE January $0.00 $14,838.00 $0.00 $333.89 $694.95 $28,547.85 $1,067.83 $2,621.30 $897.89 $134,547.14 YTD $211.60 $0.00 Budget $ % Postage 1,000.00 21.16% $ 35,000.00 0.00% Professional & Technical Services Purchase operyvencerqupment Repair & Maintenance Equipment Repair & Maintenance Vehicles Sales Tax Allocation * Telephone/Cell Phones Taining/Tavel/Meals Uniforms/Clothing TOTAL EXPENSE $34,794.33 $ 45,000.00 77.32% $7,235.03 $ 25,000.00 28.94% $11,370.54 $ 15,000.00 75.80% $166,421.81 $ 335,000.00 49.68% $3,442.68 $ 10,000.00 34.43% $945,004.73 $1,750,800.00 53.98% $5,139.13 $ $2,997.65 $ 9,600.00 53.53% 4,000.00 74.94% P&L Difference $117,836.87 $112,143.91 CITY OF RANGER Collection Station Fees Interest Misc Income Sale roperyvencerqupment Sanitation Tax- Income Unencumbered Fund Balance Utility Revenue:Penalties Utility Revenue:Sanitation Revenue Utility Revenue:Service Charges Utility Revenue:Sewer Revenue Utility Revenue:Turn onloff Charges Utility Revenue.Unappled Payments Utility Revenue:Utility Tapl Fee Utility Revenue:Water Revenue TOTAL INCOME Advertising - Legal Publications Banking Account Fees Building Maintenance & Improvements Capital Improvements Chemicals Contract Labor Copier Machine Lease Dues, Fees & Permits Electricity Utility Equipment Rental Fuel- - Petroleum Lab Sample Fees Misc. Expense Office Supplies Operating Supplies Payroll Expenses Postage Utility MARCH 2021 PROFIT AND LOSS REPORT INCOME March $372.00 $19.50 $0.00 $0.00 $3,001.24 $0.00 $3,479.53 $46,068.85 $562.63 $50,570.03 $588.36 $741.42 $0.00 $136,916.41 $242,319.97 March $0.00 $201.50 $0.00 $0.00 $1,630.00 $4,353.00 $407.60 $225.00 $1,686.42 $0.00 $984.61 $530.00 $0.00 $1,138.47 $18,958.92 $38,903.95 $341.85 $9,287.58 $0.00 $411.66 $612.28 $2,666.45 $21,259.50 $204.46 $137.00 $180.00 $500.00 $70,956.44 $188,085.61 YTD $2,312.00 $ $130.08 $0.00 $0.00 $15,852.66 $ $0.00 $17,290.40 $ $246,899.85 $ $2,483.15 $ $270,618.76 $ $3,427.46 $ $2,283.12 $ $750.00 $1,224,281.18 YTD $0.00 $1,209.00 $ $0.00 $0.00 $5,522.50 $ $31,285.00 $ $1,004.85 $ $6,879.67 $ $13,487.31 $ $0.00 $6,742.15 $ $46,859.94 $ $4,426.62 $ $0.00 $2,022.12 $ $57,728.26 $ $242,150.52 $ $2,461.10 $13,559.98 $ $0.00 $5,414.17 $ $4,764.22 $ $13,020.77 $ $108,297.82 $ $2,850.97 $ $569.10 $1,023.54 $ $7,532.54 $ $402,273.84 $ $981,085.99 Budget $ $ $ $ % 5,000.00 46.24% 3,500.00 3.72% 1,500.00 0.00% 1,500.00 0.00% 30,000.00 52.84% 100,000.00 0.00% 35,000.00 49.40% 460,000.00 53.67% 5,500.00 45.15% 520,000.00 52.04% 12,000.00 28.56% 10,000.00 22.83% 1,750.00 42.86% $ $662,233.70 $ 1,200,000.00 55.19% $2,385,750.00 Budget $ $ $ 51.32% % EXPENSE 700.00 0.00% 2,500.00 48.36% 2,500.00 0.00% 263,800.00 0.00% 16,000.00 34.52% 65,000.00 48.13% 3,000.00 33.50% 10,000.00 68.80% 32,500.00 41.50% 750.00 0.00% 20,000.00 33.71% 130,000.00 36.05% 12,000.00 36.89% 1,000.00 0.00% 7,000.00 28.89% 125,000.00 46.18% 495,000.00 48.92% 6,000.00 41.02% 15,000.00 90.40% 65,000.00 0.00% 15,000.00 36.09% 10,000.00 47.64% 30,000.00 43.40% 245,000.00 44.20% 10,000.00 28.51% 5,000.00 11.38% 3,000.00 34.12% 35,000.00 21.52% 760,000.00 52.93% $2,385,750.00 $ $ $ $ nsurancerProperymeatnv.IelBbywg $12,508.92 Professional & Technical Services Purchase roperyvencerqupment Repair & Maintenance Equipment Repair & Maintenance Vehicles Sanitation Sales Tax- Expense Sanitation Service Contract Telephone/Cell Phones Training /Travel/ /Meals Uniforms/Clothing: Wastewater Services Water Supply Contract Purchase TOTAL EXPENSE $ 41.12% P&L Difference $54,234.36 $243,195.19 City of] Ranger General Expenses by Vendor Summary March 2021 Mar 21 Airgas USA, LLC AMERIGROUP REALSOLUTIONS Arco! Mobile Firel Ext Service AT&T Mobility Atmos Energy Benchmark Business Solutions Bound Tree Medical LLC Brodart Co. Bryan KE Butler Bryans Auto Supply Buster Robinson Cameron L. Gulley, CPA Darwin Archer Early Glass & Brownwood Door Eastland County Appraisal District Eastland County Newspapers Eastland Heaven Sent Floral Eastland Memorial Hospital Elizabeth Wristen Galls, LLC Gary's Automotive, Inc. H&RI Feed &F Fertilizer Jive Communications Inc. Jonathan D Simcik Joshua Nichols Kennedy Computer Solutions Inc. Larry Watson Jr Lonestar Fire Specialties McCreary, Veselka, Bragg & Allen PC Messer, Fort & McDonald, PLLC Midwest Radar & Equipment Mike's Tire Service MVBAL LLC NetLink Security Control Co. O'Reilly Auto Parts Oncor Cities Steering Committee Petunia Jane's Ranger City Bond Construction Fund Ranger Economic Development Corp Ranger Municipal Court Ranger PD Lease Account 926.93 Ranger Street Maintenance Fund 299.67 Ross/Gannaway, PLLC 297.00 Shoppin Baskit- Corp 488.32 Standard Insurance Company 614.51 Temi Nichols 407.60 Texas Department of State Health Services 884.71 The Gorman Progress 46.01 Tindall's Hardware 1,950.00 TML Health Benefits Pool 209.91 TML Intergovernmental Risk Pool 2,420.00 Tractor Supply Credit Plan 8,750.00 TransUnion Risk & Alternative 1,333.33 TWDBI Debt Service Fund 566.00 TXU Energy 4,330.36 Vortech Pharmaceuticals, LTD 80.00 Vulcan Construction Materials, LLC 108.00 W.E. Greenwood. Auto Parts 265.98 Weatherford College 1,456.25 Western' Trailer & Equip. 258.89 TOTAL 231.95 41.75 579.51 2,850.00 2,916.00 380.00 600.00 700.00 487.07 717.70 120.00 115.00 30.28 105.00 105.98 148.14 639.00 10,000.00 4,773.92 2,118.30 5,000.00 4,773.93 4,668.60 70.84 169.65 725.00 690.00 130.95 391.21 2,097.67 6,479.94 120.97 75.00 4,000.00 3,496.99 166.42 1,601.54 805.36 1,950.00 48.85 90,815.99 City of Ranger Utility Expenses by Vendor Summary March 2021 Mar21 Air & Hydraullic Equipment, Inc. APSCO SUPPLYI INC. Arcol Mobile Fire Ext Service AT&TN Mobility Badger Rotary Drilling, LLC Benchmark Business Solutions BenMark Supply Company Inc. Bryans Auto Supply Buster Robinson Cameron! L. Gulley, CPA Clifford Power Systems, Inc. DPC Industries, Inc. Early Glass & Brownwood Door Eastland County' Water Supply District ED' Violet First Financial Bank First Financial Bank Visa Flint Stone Services, LLC Freddy's Garage Gary's Automotive, Inc. Hydro Plus, LLC Interstate All Battery Center Ken Charman Kennedy Computer Solutions Inc. MVBAI LLC Pace Analytical Services, Inc. Petunia Jane's Ranger Septic Service Republic Services RVS Software Shoppin Baskit-C Corp Standard Insurance Company Texas Comptroller of Public Accounts 8.00 Texas Water Utilities Association 4,404.82 Tindall's Hardware 198.00 TML Health Benefits Pool 204.46 TML Intergovernmental Risk Pool 19.86 Tractor Supply Credit Plan 407.60 TXU Energy 6,260.29 UnderGround, Inc. 437.88 United States Postal Service 3,465.00 US Bank Voyager Fleet Systems 8,750.00 W.E. Greenwood. Autol Parts 2,120.18 White's Ace Hardware 20.00 850.00 TOTAL 70,956.44 88.00 329.96 612.11 800.00 14.00 272.10 1,610.00 19.28 1,800.00 457.50 30.28 530.00 180.00 500.00 20,257.07 1,072.01 1,569.59 219.60 2,666.45 225.00 335.09 5,076.24 7,214.58 234.98 1,686.42 224.01 333.90 984.61 823.59 40.29 148,309.19 8 3 $ € f 6 I 3 3 0 E Y 0o - E Date Transaction 3/18/2021 DEBIT 3/18/2021 DEBIT 3/18/2021 DEBIT 3/18/2021 DEBIT 3/17/2021 DEBIT 3/15/2021 DEBIT 3/9/2021 DEBIT 3/9/2021 DEBIT 3/8/2021 DEBIT 3/3/2021 DEBIT 3/3/2021 CREDIT 2/25/2021 DEBIT 2/25/2021 DEBIT 2/25/2021 DEBIT 2/25/2021 DEBIT 2/22/2021 DEBIT 2/19/2021 DEBIT 2/19/2021 DEBIT 03/2021 Name General Utility 73.41 97.99 79.99 323.67 89.43 47.18 WM: SUPERCENTER #561 EASTLAND QUILL CORPORATION 800-982-3 QUILL CORPORATION 800-982-3 TCEQ IND RENEWAL LIC EGOV.COM AMZN Mktp US*D56GF6BQ3 Amzn.com/ QUILL CORPORATION 800-982-3 Intuit *PayrollEE usag 833-830-9 MSFT' * E0300DRF1N 800-642-7 WALMART.COM. AU 800-966-6 LAI FINCA CISCO SP*SPRAYERDEPOT: 800228090 EASTLAND DONUTS EASTLAND USPS.COM CLICKNSHIP 800-344-7 USPS.COM CLICKNSHIP 800-344-7 eBay 0*04-06636-06684 San. Jose FILTRATION: SPECIALTIES 325-67961 AUTOZONE #3113 EASTLAND USPS.COM CLICKNSHIP 800-344-7 111 49.8 26.82 75.96 -61.82 26 7.95 49.76 173.48 105.98 7.95 $ 744.24 612.11 $ 1,356.35 63.85 7.95 Totals Grand Total LIBRARY REPORT March 2021 Beginning of Petty Cash CREDIT Copies Donations 89.54 : 29.50 5.10 1.00 6.75 Faxes (Our library only charges for "out oft town "faxes; no charge to 8001 numbers) Book Sales (from "Quarter Shelves") TOTAL CREDITS + 42.35 DEBIT Supplies (Dollar General) TOTALDEBITS TOTALPETTYCASH 30.79 30.79 $1 101.10 iamfpw,forpeuramgpent! Aanledllagl Diana McCullough 001000 001000 01000 00000 999 9 cowoco cototot cle o 6 9 9 2o oco 2 9e 4 191 0 Ngoo 11 a 0900 000190 00000 00000 0990 e Poe ONo0o Mop PE a 0 91o b Flee9 PFF 1 9 PFPSo 099e9 FP 80 8 2 N wic) 1 N Nc s oco co 3 09000 9 / jc/ye]o owe 8 o a Ranger Economic Development Corporation -4 A Cash Statement March 2021 Checking Account Checkbook Balance as of] February 26, 2021-- 58,412.22 Deposits 3/3/21 3/25/21 Woodbridge Church City of Ranger 600.00 2,386.96 Total Deposits + 2,986.96 Disbursements 3/3/21 3/23/21 3/25/21 3/29/21 2543 Flatworks Concrete Contractors 19,998.00 Parkingl Lot & Sidewalk Work at Walnut St. Clinic 2544 TXU Garner- - 306kWh @$0.119 2545 Diana McCullough Contract. Labor 2546 Cam Gulley, CPA 2020 Annual Audit 64.91 400.00 750.00 Total Disbursements 21,212.91 Checkbook Balance as ofMarch 31, 2021- 40,186.27 Ranger Economic Development Corporation - Type A Account Information - March 29,2021 *First Financial Certificate of] Deposit -44-- *First Financial Certificate ofDeposit -08- Checkbook Balance as of3/29/21-- TOTAL REDC BALANCES *Certificate of Deposit Balances as of October 1, 2020. Diana McCullough, REDC Executive Director -$59,069.99 $36,409.74 $40,186.27 $135,666.00 Sheet1 Type 4B Ranger Economic Development Corporation Date Check No. Income Expense Account # *******2341 01/08/19 01/15/19 02/11/19 03/12/19 04/16/19 04/30/19 05/14/19 05/20/19 06/11/19 06/19/19 07/07/19 08/12/19 09/17/19 10/16/19 11/15/19 12/18/19 01/08/20 01/16/20 02/14/20 02/18/20 03/26/20 04/28/20 05/13/20 06/15/20 06/16/20 07/01/20 07/03/20 07/13/20 07/29/20 08/18/20 09/16/20 10/20/20 11/17/20 11/27/20 12/18/20 01/08/21 01/27/21 02/24/21 03/09/21 03/25/21 04/07/21 To/From $25.00 FFNB City of Ranger City of Ranger City of Ranger $750.00 Cameron Gulley City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger $25.00 1st Financial City of Ranger City of Ranger $750.00 Cameron Gulley City of Ranger City of Ranger City of Ranger City ofF Ranger $31,850.00 Flatworks $4,337.70 Display Sales City of Ranger City of Ranger City of Ranger City of Ranger City of Ranger $4,473.93 Display Sales City of Ranger $45.00 1st Financial City of Ranger City of Ranger $19,998.00 Flatworks City of Ranger Description Balance $92,374.87 $94,240.33 $96,414.13 $98,712.65 $97,962.65 $99,605.82 $102,250.60 $102,169.41 $102,088.22 $104,023.08 $105,707.72 $107,722.42 $109,835.34 $111,734.36 $114,644.81 $116,824.75 $116,799.75 $118,611.68 $121,541.96 $120,791.96 $123,040.83 $124,668.54 $126,832.96 $125,877.56 $127,883.45 $96,033.45 $91,695.75 $93,857.03 $93,714.27 $96,159.94 $98,082.74 $99,930.58 $102,932.20 $98,458.27 $100,269.46 $100,224.16 $101,903.42 $104,282.00 $84,284.00 $86,670.96 $86,615.90 $86,615.90 Debit 1040 1041 1042 Safety Deposit Box Rental Sales Tax Sales Tax Sales Tax 2018 Audit Fee #19-016 Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Safety Deposit Box Rental Sales Tax Sales Tax Audit Fees Sales Tax Sales Tax Sales Tax Sales Tax Fire Dept Concrete REDCI Project Christmas Decorations 50% REDC Project Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Sales Tax Safety Deposit Box Rental Sales" Tax Sales Tax Walnut St. Clinic 1/2 Concrete Work Sales Tax $1,865.46 $2,173.80 $2,298.52 $1,643.17 $2,644.78 $1,962.42 $1,684.64 $2,014.70 $2,112.92 $1,899.02 $2,910.45 $2,179.94 $1,811.93 $2,930.28 $2,248.87 $1,627.71 $2,164.42 $2,005.89 $2,161.28 $2,445.67 $1,922.80 $1,847.84 $3,001.62 $1,811.19 $1,679.26 $2,378.58 $2,386.96 $81.19 Heaven Sent Floral Flowers for Larry Cunningham $81.19 Heaven Sent Floral Flowers for Winnie Pilgrim Debit 1043 1044 1045 1046 1047 $955.40 Knox Waste Dervice 225SRusk: St. Rolloffs REDC Project $142.76 Tindals Hardware Fire Dept Concrete REDCI Project misc paint, rollers 1048 Debit 1049 1050 Christmas Decorations 50% REDCI Project + Chg Add $55.06 Tindalls Hardware Walnut! St. Clinic Misc. paint and assoc. items TOTAL Page 1 Municipal Court Report March 2021 New Cases Filed 7 POLICE DEPT. OCODE ENFORCEMENT/ACO Total Cases Disposed 5 Dismissed after Driver Safety Course 5 Show Cause 0 Arrest Warrants Issued 2 Capiases Warrants Issued 0 Fines, Court Costs and Other Amounts Collected: a. Kept by City b. Remitted to State $2,218.80 $1,169.30 $3,388.10 c.Total MVBA (our collection firm) sent out warrant postcards. So a lotof people are calling the Court trying to take care oft their citations. RANGER FIRE & EMS Ranger Fire Department: 254-647-1505 Fax: 254-647-3398 Responses for 2021 EMS 208 Fire 75 Total =283 Average calls per Month: 94 RANGER POLICE DEPARTMENT 100 North Marston Street] I Ranger, TX 76470 IP:( (254)647-3232/ |F:(254)6 BlEp8-pepiaog Monthly Report March 2021 Police Officer Activity: 855 Security Check/ Extra Patrol: 182 Reports Generated: 117 Calls for Service: 141 Citations: 7 Warnings: 12 Page 1of1 March Animal/Code Enforcement Report Animal Control Officer Impound- 16 Impound by Police- 0 Adopted-1 Left in Shelter- 4 Return to Owner- 6 Citations- 0 Code Enforcement Letters- 3 Euthanized- 6 Deep cleaned the shelter multiple times. Answered calls and complaints regarding animals. PUBLIC WORKS DIRECTOR MONTHLY REPORT form March, 2021 TO RANGER CITY COUNCIL Note: This report contains pertinent information on' Water, Wastewater, Streets, Drainage and Solid' Waste events during the previous month of business: activity. WATER 14 7 24 0 17 185 WASTEWATER 0.159 mgd/4.932 mgm 10 0 2 1. Taps made, new accounts 2. Water leaks repaired 3. Deliver totes/dumpster 4. Main line footage replaced 5. Profiles 6. - Work orders completed 1. Gallons Treated 2. Blockages cleared 3. Taps made 4. Manholes repaired turn on, turn off Meters re-read non-payment turn off line locate turn off-vacation No Category 9 14 21 12 2 31 OFFICE ACTIVITIES 18 0 1. Finalized for non-payment 2. Termination of service 1. Lift station checks 2. Lines flushed MISCELLANEOUS We try to check all lift stations daily Several due to airi in water Work on Loop 254 has finally started. It is slow going due to the number of lines in the area. They are having to work around sewer lines, gas lines, telephone lines, and our owni taps for customers. Pine Street has had some rock laid down but is not finished yet. Joey still has to process it to really make it last. Then lay down the surface that will be chipped sealed later.