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258 <br /> <br />November 25 1997 <br /> <br /> (e) The Bonds of each series shall be issued in fully registered <br />form and shall be in the denomination of $5,000 Or any integral multiple thereof. <br />The <br /> <br />Bonds of each series shall be numbered from R-1 upwards in order of issuance <br />and shall bear such series designation as shall be determined by the City <br />Manager or the Deputy City Manager for Finance; shall mature annually, <br />commencing in such year and on such date in eachyear and in such amount in <br />each year as shall be determined by the City Manager or the Deputy City Manager <br />for Finance; and shall bear interest at such rate or rates per annum as shall be <br />determined by the City Manager or the Deputy City Manager for~Finance pursuant <br />to Section 9, such interest being payable commencing on a date not more than <br />one (1) year from the date of the Bonds and semiannually thereafter. The City <br />Manager or the Deputy City Manager for Finance is authorized to determine, in <br />accordance with and subject tothe provisions of this resolution: the date or <br />dates of the BOnds; the interest payment dates thereof; (he maturity dates <br />thereof, provided that the final maturity of the Bonds of any series shall be not <br />later than forty (40) years from the date the first Bonds of such series are issued <br />under this resolution; the amount of principal maturing on each maturity date; <br />the place or places of payment thereof and the paying agent or paying agents <br />therefor; the place or places of registration, exchange or transfer thereof and the <br />registrar therefor; and whether or not the Bonds shall be subject to redemption <br />prior to their stated maturity or maturities and if subject to such redemption, the <br />premiums, if any, payable upon such redemption and the respective periods in <br />which such premiums are payable. Interest on the Bonds shall be. calculated on <br />the basis of athree'hundred and sixty (360) day year comprised-of twelve (12) <br />thirty (30) day months. <br /> <br /> (f) In the event the Bonds shall be dated as of a date other than <br /> the first day of a calendar month or the dates on which interest is payable are <br /> other than the first days of calendar months, the provisions of Section 15 with <br /> regard to the form of such Bonds shall be modified as the City Manager or the <br /> Deputy City Manager shall determine to be necessary or appropriate. <br /> <br /> (g) If the Bonds of a given series are subject to redemption and if <br /> any Bonds of such series (or portions thereof in installments of $5,000 or any <br /> integral multiple thereof) are to be redeemed, notice of such redemption <br /> specifying the date, numbers and maturity or maturities of the Bond or Bonds to <br /> be redeemed, the dateand place or places fixed for their redemption and the <br /> premium, if any, payable upon such redemption, and if less than the entire <br /> principal amount of a Bond called for redemption is to be redeemed,, that such <br /> Bond must be surrendered in exchange for payment of the principal <br /> <br />or reviewing records maintained by DTC, its participants or persons acting <br />through such participants or for transmitting payments to, communicating with, <br />notifying, or otherwise dealing with any beneficial owner of the Bonds. So long <br />as the Bonds are in book-entry only form, the Deputy City Manager for Finance <br />will serve as Registrar and Paying Agent for the Bonds. The City reserves the <br />right to designate a successor Registrar and Paying Agent for the Bonds if the <br />Bonds at anytime cease to be in book-entry only form. <br /> <br /> (i) So long as the Bonds are in book-entry-only form, any notice <br />of redemption will be given amount thereof to be redeemed and the issuance of a <br />new Bond or :Bonds equaling in principal amount that portion of the principal <br />amount of the Bond to be surrendered not to be redeemed, shall be mailed not <br />less than thirty (30) days prior to the date fixed for redemption, by first class mail, <br />postage prepaid, to the registered owner of such Bond at his address as it <br />appears on the books of registry kept by the registrar as of the close of business <br />on the forty-fifth (45th) day next preceding the date fixed for redemption. If any <br />Bonds shall have been called for redemption and notice thereof shall have been <br />given as hereinabove set forth, and payment of the principal amount of such <br />Bonds (or the principal amount thereof to be redeemed) and of the accrued <br /> <br /> <br />