Laserfiche WebLink
- 4 - <br /> <br /> (b) The City Manager shall direct the registrar for <br /> a ' <br /> the Bonds of given series to authenticate such Bonds and no <br />such Bond shall be valid or obligatory for any purpose unless and <br />until the certificate of authentication endorsed on each Bond <br />shall have been manually executed by or on behalf of the <br />registrar. Upon the authentication of any Bonds the registrar <br />shall insert in the certificate of authentication the date as of <br />which such Bonds are authenticated as follows: (i) if the Bond is <br />authenticated prior to the first interest payment date, the <br />certificate shall be dated as of the date of the initial delivery <br />of and payment for the series of Bonds of which this Bond is one; <br />(ii) if the Bond is authenticated upon an interest payment date, <br />the certificate shall be dated as of such interest payment date; <br />(iii) if the Bond is authenticated after the fifteenth (15th) day <br />of the calendar month next preceding an interest payment date and <br />prior to such interest payment date, the certificate shall be <br />dated as of such interest payment date; and (iv) in all other <br />instances the certificate shall be dated as of the interest <br />payment date next preceding the date upon which the Bond is <br />authenticated. <br /> <br />forth <br />Bonds. <br /> <br /> (c) The execution of th~ Bonds in the manner above set <br />is adopted as .a due and sufficient authentication of the <br /> <br /> 3.(a) Both the principal of and interest on the Bonds <br />shall be payable in such coin or currency of the United States of <br />America as at the respective dates of payment thereof is legal <br />tender for public and private debts. <br /> <br /> (b) Interest on the Bonds shall be payable by check or <br />draft mailed by the registrar to the registered owners of such <br />Bonds at their respective addresses as such addresses appear on <br />the books of registry kept pursuant .to the provisions of this <br />paragraph. Principal of and premium, if any, on the Bonds shall <br />be payable on presentation and surrender thereof at the principal <br />office of the registrar. <br /> <br /> (c) At all times during which any Bond of any series <br />remains outstanding and unpaid, the reqistrar for such series <br />shall keep or cause to be kept at its ~rincipal office books of <br />registry for the registration, exchange and transfer of the <br />Bonds. Upon presentation at the principal office of the <br />registrar for such purpose, the registrar, under such reasonable <br />regulations as it may prescribe, shall register, exchange or <br />transfer, or cause to be registered, exchanged or transferred, on <br />the books of registry the Bonds as herein set forth. <br /> <br /> (d) The books of registry shall at all <br />for inspection by the City or any duly authorized <br />thereof. <br /> <br />times be open <br />officer <br /> <br /> <br />