Resolution - #93-10-242 - 10/12/1993

Home

I I I I I ! I I1 I I I I I I I I i interest and amo~ Ye 19~7 199~8 19~9 20d0 200~1 any day~ Redemptiq redempti01 part of tb specific Bi will be [ s a~ove set forth, and which mature serially on February I in the years its ~as follows: Amount Year Amount 165,000 2002 200,000 170,000 2003 210,000 175,000 2004 220,000 185,000 2005 215,000 195,000 2006 235,000 2007 255,000 Optional Redemption. The City may elect on February 1, 2003 and on :hereafter to prepay Bonds maturing on or after February 1, 2004. may be in whole or in part of the Bonds subject to prepayment. If isiin part, it shall be in such order as the City shall determine. If only ~onds having a common maturity date are called for prepayment the )nd~ to be prepaid will be chosen by lot by the l%egistrar. Ail payments p~ice of par plus accrued interest. [ SeCl:ion~ 2. Registration and Payment. 2.0~. Registered Form. The Bonds shall be issued only in fully registered form° Th~in ~,~rest thereon and, upon surrender of each Bond, the principal amount thereof, if payable by check or draft issued by the Registrar described herein. 2.0:. I)ates) Interest Payment Dates. Each Bond will be dated as of the last interest ~ yzr~9~, nt date preceding the date of authentication to which interest on the Bond haS be~n paid or made available for payment, unless (i) the date of authentiem ~io~ is an interest payment date to which interest has been paid or made available'it ~r ~ayment, in which case such Bond shall be dated as of the date of authentica.~ior~, or (ii) the date of authentication is prior to the first interest payment (l!~te ~ in which case such Bond ,Nil] be dated as of the date of original issue. The interest On the Bonds is payable on February 1 and August' 1 of each year, commeneiI!$ F?ebruary 1, 1994, to the owner of record thereof as of the close of business .oa ~.~e fifteenth day of the immediately preceding month, whether or not such day i~ a 'business day. 2.03~ ~egistration. The City will appoint, and shall maintain, a bond registrar} :ra~sfer agent, authenticating agent and paying agent (Registrar). The effecZ of r, igi~tration and the rights and duties of the City and the Registrar with respect th, ,re~,o are as follows: (~) Register. The Registrar must keep at its principal corporate truS: office a bond register in which the Registrar provides for the regi irruption of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (~) Transfer of Bonds. Upon surrender for transfer of a Bond duly end~orsekl by the registered owner thereof or accompanied by a written inst! ~mSnt of transfer, in form satisfactory to the Registrar, duly executed by t] ~e ~,egistered owner thereof or by an attorney duly authorized by the regi~{te~d owner in writing, the Registrar will authenticate and deliver, in the am$of the designated transferee or transferees, one or more new Bonds SN0595¢0 RA125-35