7.5. SR 03-15-2010 - Laserfiche WebLink

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Pricing Committee, and maturing on February ~ in the years and amounts as determined by the Pricing Committee, 1,07 ~ tional Redem tion, The City may elect on February 1, 2020, and on any day thereafter, to prepay Bonds due on ar after February 1, 2021, Redemption may be in whale or in part and if in part, at the option of the City and in such manner as the City will determine, if less than all Bonds of a maturity are called for redemption, the City will notify DTC has defined in Section 8 hereof} of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed, Prepayments will be at a price of par plus accrued interest. 1.08, Term Bonds, if Term Bonds are requested by the Purchaser, the following provisions apply; Mandatory__R_ed_em~~ion, The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and in the principal amounts specif ed by the Purchaser and approved by the Pricing Committee in accordance with Section 1.04, The specific Term Bonds to be redeemed will be selected by lot by the Registrar, All prepayments will be at a price of par plus accrued interest. Section 2, Registration and Payment, 2.01, Re istered Form, The Bonds will be issued only in fully registered form, The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2,02. DatesLInterest Payment Dates, Each Bond will 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 the Bond will be dated as of the date of authentication, or iii} the date of authentication is prior to the first interest payment date, in which case the Bond will 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, commencing August 1, 2010, to the registered owners of record as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2,03. Registration, The City will appoint a bond registrar, transfer agent, authenticating agent and paying agent the "Registrar"}, The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows; 365125v1 JSB EL1~5~1 I 5