CUSIP 386138VJ7
- ISIN: US386138VJ77
- Entity Name: City of Grand Prairie, Texas
- Sector: Municipal
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: New Bond
- News: Interest on the $37,125,000 City of Grand Prairie, Texas General Obligation Refunding Bonds, Series 2016 (the Bonds, and together with the City of Grand Prairie, Texas Combination Tax and Revenue Certificates of Obligation, Series 2016 [the Certificates] being offered herein, collectively, the Obligations) will accrue from the Delivery Date, estimated to be November 29, 2016, will be payable August 15 and February 15 of each year commencing August 15, 2017 until maturity or prior redemption, and will be calculated on the basis of a 360-day year consisting of twelve 30-day months. The definitive Bonds will be initially registered and delivered only to Cede & Co., the nominee of The Depository Trust Company, New York, New York (DTC) pursuant to the BookEntry-Only System described herein. Beneficial ownership of the Bonds may be acquired in denominations of $5,000 or integral multiples thereof within a stated maturity. No physical delivery of the Bonds will be made to the beneficial owners thereof. Principal of, premium, if any, and interest on the Bonds will be payable by the Paying Agent/Registrar to Cede & Co., which will make distribution of the amounts so paid to the participating members of DTC for subsequent payment to the beneficial owners of the Bonds. See THE OBLIGATIONS - Book-Entry-Only System herein. The initial Paying Agent/Registrar is The Bank of New York Mellon Trust Company, N.A., Dallas, Texas (see THE OBLIGATIONS - Paying Agent/Registrar). AUTHORITY FOR ISSUANCE. . . The Bonds are issued pursuant to the Constitution and general laws of the State of Texas (the State), including particularly Texas Government Code, Chapter 1207, as amended, and are direct obligations of the City of Grand Prairie, Texas (the City), payable from a continuing ad valorem tax levied on all taxable property within the City, within the limits prescribed by law, as provided in the ordinance authorizing the Bonds (the Bond Ordinance) (see THE OBLIGATIONS - Authority for Issuance of the Bonds).
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US386138VJ77
