Laserfiche WebLink
thereafter as settlement can be arranged with the Purchaser), shall be a single, fully <br />registered obligation without interest coupons, shall bear interest payable on August 1, 1998, <br />and semiannually thereafter on each February 1 and August 1, and shall mature and bear <br />interest as provided in the form of the Certificate set out in paragraph 5 of this Resolution. <br /> <br /> Each scheduled principal payment of the Certificate shall be subject to prepayment <br />in whole or in multiples of $500 at the option of the City at any time upon prior written <br />notice to the Registered Owner thereof, at par plus accrued interest to date of redemption. <br />If less than all of the outstanding principal of the Certificate is to be prepaid, the City may <br />select which principal maturities, or portions thereof, to be prepaid. Interest on the <br />Certificate shall be calculated on the basis of a 360-day year consisting of 12 months of 30 <br />days each. <br /> <br /> 4. Both principal of and interest on the Certificate shall be payable by the City <br />Finance Director, who shall also act as registrar and transfer agent (the "Certificate <br />Registrar") for the Certificate. <br /> <br />5. The Certificate shall be substantially the following form: <br /> <br />372500.1 2 <br /> <br /> <br />