Laserfiche WebLink
<br />. <br /> <br />as of December 1, 1989. Interest on the Bonds shall be payable <br />on February 1 and August 1 in each year, commencing August 1, <br />1990, to the owner of record thereof as of the close of <br />business on the fifteenth day of the immediately preceding <br />month, whether or not such day is a business day (the Record <br />Date). Interest shall be paid on each interest paYment date by <br />check or draft mailed to the person in whose name the Bond is <br />registered on the registration books of the City maintained by <br />the Registrar, hereinafter defined, and at the address <br />appearing thereon on the Record Date. Principal of any Bond, <br />at maturity or earlier redemption, is payable on presentation <br />and surrender of the Bond at the principal office of the paying <br />agent. <br /> <br />2.03. Reqistration. The Bonds shall be issued in fully <br />registered form. The Issuer shall appoint, and shall maintain, <br />a bond registrar, transfer agent, and paying agent (the <br />Registrar). The effect of registration and the rights and <br />duties of the Issuer and the Registrar with respect thereto <br />shall be as follows: <br /> <br />. <br /> <br />(a) Reqister. The Registrar shall keep at its <br />principal corporate trust office a bond register <br />in which the Registrar shall provide for the <br />registration of ownership of the Bonds and the <br />registration of transfers and exchanges of <br />Bonds. <br /> <br />(b) Transfer of Bonds. Upon surrender for transfer <br />of any Bond duly endorsed by the registered <br />owner thereof, or accompanied by a written <br />instrument of transfer, in form satisfactory to <br />the Registrar, duly executed by the registered <br />owner thereof or by an attorney duly authorized <br />by the registered owner in writing, the <br />Registrar shall authenticate and deliver, in the <br />name of the designated transferee or <br />transferees, one or more new Bonds of a like <br />aggregate principal amount and maturity, as <br />requested by the transferor. The Registrar may, <br />however, close the books for registration of any <br />transfer after the fifteenth day of the month <br />preceding each interest payment date and until <br />such interest paYment date. <br /> <br />. <br /> <br />(c) Exchange of Bonds. Whenever any Bonds are <br />surrendered by the registered owner for <br />exchange, the Registrar shall authenticate and <br />deliver one or more new Bonds of a like <br />aggregate principal amount and maturity, as <br />requested by the registered owner or the owner's <br />attorney, so designated in writing. <br /> <br />4 . <br />