92-071 RES - Laserfiche WebLink

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. . . Section 2. Bond Terms: Reqistration: Execution and Delive~. 2.01. Maturities: Interest Rates: Denominations. The Bonds shall be designated General Obligation Temporary Improvement Bonds, Series 1992C, shall be originally dated as of September 1, 1992, shall be in the denomination of $5,000 each, or any integral multiple thereof as requested by the Purchaser, shall mature on August 1 in the respective years and amounts stated below, and shall bear interest from date of issue until paid or duly called for redemption at the respective annual rates set forth opposite such years and amounts, as follows: ~ RgU Amount 1994 1995 3.25% 3.75 $275,000 $285,000 2.02. Dates: Interest Payment Dates: Interest and Principal Payment. Each Bond shall be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case such Bond shall be dated as of the date of authentication, or (ii) the date of authentication is prior to August 1, 1993, in which case such Bond shall be dated as of September 1, 1992. Interest on the Bonds shall be payable on February 1 and August 1 in each year, commencing August 1, 1993, to the owner of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not such day is a business day (the Record Date). The Issuer shall appoint, and shall maintain, a bond registrar, transfer agent, and paying agent (the Registrar). Interest shall be paid on each interest payment date by check or draft of-the Registrar mailed to the person in whose name tne Bond is registered on the registration books of the City maintained by the Registrar and at the address appearing thereon on the Record Date. Principal of any Bond, at maturity or earlier redemption, is payable on presentation and surrender of the Bond at the main corporate office of the Registrar, acting as paying agent. . 2.03. Reqistration. The Bonds shall be issued in fully registered form. The effect of registration and the rights and duties of the Issuer and the Registrar with respect thereto shall be as follows: (a) Reqister. The Registrar shall keep at its principal corporate trust office a bond register in which the Registrar shall provide for the registration of ownership of the Bonds and the registration of transfers and exchanges of Bonds. (b) Transfer of Bonds. Upon surrender for transfer of any Bond duly endorsed by the registered owner 3.