Agenda - Council - 08/27/1985 - Laserfiche WebLink

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Page 2 July 16, 1985 4. Maintain Bondholder accounts and the principal balance outstanding along with the mailing of interest checks and payment of principal when due to the proper holder recorded as of the record date. 5. Compliance with required reporting to the IRS. 6. The issuer is.also sent a statement of any interest and principal which the issuer is required to pay not less than 30 days before the due date. 7. Maintenance of certificate inventory control. 8. Cancellation of certificates. I Sincerely yours, Jon M. Stevens Corporate Trust Department JIMS /mlb Enc. 9. We also provide destruction services in which we will cancel and destroy the certificates surrendered and delivered to the issuer a certificate regarding this. ' 10. If a Bondholder's certificate is mutilated, lost, stolen or destroyed, we will provide the proper replacement and maintain stop transfer protection. i We also feel effective communication is essential to maintaining good Bondholder, Issuer and Financial Consultant relationships and we provide the research and correspondence to answer questions or concerns by a knowledgeable and competent staff. We have also dedicated a new in -house computer system to handle department operations and to meet stringent efficiency standards ' required in handling bond issues. We believe First Trust Company of Saint Paul, Corporate Trust 1 Department provides the highest quality of service available today. Enclosed for your review is a copy of our fee schedule. Should you have any questions or we may be of assistance, please feel free to call Nancy Potempa at 291 -3815, Patricia Motl at ' 291 -6206 or myself at 291 -6204. I Sincerely yours, Jon M. Stevens Corporate Trust Department JIMS /mlb Enc.