Minutes 01/14/1992 - Laserfiche WebLink

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January 14, 1992 paying agent or paying agents therefor: the place or places or registration, exchange and ~ansfer thereof and the registrar therefor: and whether or not the Bonds shall be subject to redemption prior to their stated maturity or maturities and-if subject to such redemption, the premiums, if any, payable upon such redemption and the respective periods in which ·snch premiums are payable. cb) In the event the Bonds of any series shall be dated aa of a date other than the first day of a calandar month or the dates on which interest is payable on such series are other than the first days of calendar months, the provisions of paragraph 2 with regard to the form of such Bonds shall be modified as the City Managec shall determine to be necessary or appropriate. (e) If the Bonds are subject to rcdemptinn and if any Bonds (or any portio~ thereof in installments of $5,000 or any integral multiple thereof) are to be redeemed, notice of such redemption, specifying the date. numbers and maturity or maturities of the Bond or Bonds to be redeemed, the date and place or places fixed for their redemption, and the premium, if any, payable upon such redemption, and ff less than the entire principal amount of a Bond celled for redemption is to be redeemed, that such BonO must be surrendered in exchange for the principal amount thereof to be redeemed and the · issuance of a new Bond or Bonds equalling in pnncipal amount that portion of the principal amotm~ of the Bond to be surrendered not to be redeemed, shall be mailed not less than thi~rty (30) days prior to t~ dare_fixed for redemption by first class mail, postage prepaid, to the registered owner at'such Bond at his address as it appears on the books of registry keF by the registrar as of the close of business on the forty-fifth (45th) day next preceding the date fixed for redemption. If any Bonds shall have been rolled for redemption and notice thereof shall have been Dven as hereinabeve set forth, and payment of the principal mount af such Bonds (or of the principal amount thereof to be redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall have been duly made or provided fr~, interest on such Band.s (or o~n th~ portion of the principal amount lhereof to be redeemed) shall ~ease to accrue from and after the date s~ specified for their redemption. Z (a) The Bonds shall be executed, for and on behalf of the City, by the manual ar facsimile signatures of the Mayor and the Director of Finance of the City, and shall have an impression of the corporate seal of the City or a facsimile thereof affixed thereto or imprinted thereon, attested by the manual or facsimile signature of the City Clerk of the City. (b) The City Manager shall direct the registrar for the Bonds of a given series to authenticate such Bonds and no such Bond shall be valid or obligatory for any purpose unless and until the certificate of authentication endorsed on each 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 prk)r to the first interest payment date, the certificate shall be dated as of the date of the initial delivery of and payment for the series of Bonds of which this Bond is one; (ii) if the Bond is aarhenticated upon an interest payment date, the certificate sha~be dated as of such '/marest payment date; (tii~ if the Bond is authenticated after the fifte~enth (15th) day of the calendar month next preceding an interest paymem 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 certificate 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 for/u is adopted as a due and sufficient authentication of the Bonds. 3. (a) Both the principal of and interest on the Bonds shall be payable in such coin or currency of the United States of America us at the respm:~/ve dates of payment thereof is legal tender for public and private debts. Cb) Interest on the Bonds shah be payable by check or draft mailed by the registrar to the registered owners of such Bonds at their respective addresses as such addresses appear on the books of registry kept pursuant to the provisions of this paragraph. Principal of and premium, if any, on the Bonds shall be payable on p~uatation and surrender thereof at the ixrncipal office of the registrar. (c) At alii ~mes during which an~'Bond of any series remaius outstanding and unpaid, the registrar f~er'such series shall keel: or ~.ause to be kept at its principal office books of registry for the registration, exchange and transfer of the Bonds. Upon presentation at the principal office of the registrar for such purpose, the £egistrar, under such reasonable regulations as it may prescribe, shall register, exchange or *a~,msfec. or cause to be registered, exchanged or transferred, on the ~o6oks of registry the Bonds as herein set forth. (d) The books of registry shall at all times be open for inspection by the City or any duly authorized officer thereof. (c) Any Bond may be exchanged at thc principal office of the registrar for such series of Bonds for a like aggregate principal amount of such Bonds in other authorized principal amounts of the same series, interest rate and maturity. (f) Any Bond of a given series 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 cancell.atian, accompanied by a written instrument of transfer duly executed by the registered owner m person or his duty authorized agent, in form satisfactory to the registrar.