Minutes 11/25/1997 - Laserfiche WebLink

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November 25 1997 imprinted on the Bonds and attested by the manual or facsimile signature of the City Clerk. (b) The Deputy City Manager for Finance, as the Registrar for the Bonds, shall authenticate such Bonds and no such Bond shall be valid or obligatory for any purpose unless and until the certificate of authentication endorsed on such Bond shall have been manually executed by or on behalf of the Registrar. Upon the authentication of any Bonds the Registrar shall insert in the certificate of authentication the date as of which such Bonds are authenticated as follows: (i) if the Bond is authenticated prior to the first interest payment date, the certificate shall be dated as of the date the Bonds are delivered to and paid for by the initial purchasers thereof; (ii) if the Bond is authenticated upon an interest payment date, the certificate shall be dated as of such interest payment date; (iii) if the Bond is authenticated after the fifteenth (15th) day of the calendar month next preceding an interest payment date and prior.to such interest payment date, the certificate shall be dated as of such interest payment date; and (iv} in all other instances the cert ficate shall be dated, as of the interest payment date next preCeding the date upon which the Bond is authenticated. (c) The execution of the Bonds in the manner above set forth is adopted as a due and suffiCient authentication of the Bonds. SECTION 5. Payment of Bonds: Books of Registry_: Exchanges and Transfers of Bonds. (a) The principal of and premium, if any, and interest on the Bonds shall be payable in such coin or currency of the United Stat~s of America as at the respective dates of payment is legal tender for public and private debts. The principal of and premium, if any, on the Bonds shall be payable at the office of the Registrar. The interest on the Bonds shall be paid by check mailed by the Registrar to the registered owners of record of the Bonds (i) as of the fifteenth (15th) day Of the calendar month next preceding each interest payment date if such interest payment date is the first (1st) day of a calendar month; or (ii) as of the last day of the calendar month next preceding each interest payment date if such interestpayment dats isthe fifteenth (15th) day of a calendar month. (b) At all times during which any Bond remains outstanding and unpaid, the Registrar shall; keep, or cause to be kept, at its office books of registry for the registration, exchange and transfer of the Bonds. Upon presentation at its office for such purpose, the Registrar, under such reasonable regulations as it may prescribe, shall register, exchange or transfer, or cause to be registered, exchanged or transferred, on the books of registry the~Bonds as herein set forth. (c) The books of registry shall at all times be open for inspection by the City orany duly authorized officer thereof. (d) Any Bond may be exchanged at the office of the Registrar for a like aggregate principal amount of such Bonds in other authorized principal amounts of the same interest rate and maturity. (e) Any Bond may, in accordance with its terms, be transferred upon the books of registry by the person in whose name it is registered, in person or by his duly authorized agent, upon surrender of such Bond to the Registrar for cancellation, accompanied by a written instrument of transfer duly. executed by the registered owner in person or his duly authorized agent, in form satisfactory to the Registrar. (f) All transfers or exchanges of Bonds shall be made without expense to the registered owners of such Bonds, except as otherwise herein provided, and except that the Registrar shall require the payment by the registered owner of a Bond requesting such transfer or e_xchange of any tax or other governmental charges required to be paid with respect to such transfer or exchange. All Bonds surrendered for transfer or exchange shall be canceled.