Laserfiche WebLink
the best interests of the City or the Beneficial Owners of the Bonds that the Beneficial Owners be <br /> able to obtain certificates for the Bonds, the Bonds sha11 no longer be registered as being <br /> - registered in the bond register in the name of the Nominee, but may be registered in whatever <br /> name or names the Holder of the Bonds shall designate at that time, in accordance with Section 6 <br /> hereof. To the extent that the Beneficial Owners are designated as the transferee by the Holders, <br /> in accordance with Section 6 hereof, the Bonds will be delivered to the Beneficial Owners. <br /> (c) Nothing in this Section 3 shall limit or restrict the provisions of Section 6 hereof. <br /> The Clerk is authorized and directed to execute in the name of the City the Letter of <br /> Representations in substantially the form on file in the oi�ice of the City. In the event of the <br /> disability or the resignation or other absence of the Clerk of the City, such other officer of the <br /> City who may act in his or her behalf shall without further act or authorization of the City do all <br /> things and execute a11 instruments and documents required to be done or to be executed by such <br /> absent or disabled officia1. The provisions in the Letter of Representations are incorporated <br /> herein by reference and made a part of this Resolution, and if and to the extent any such <br /> provisions aze inconsistent with the other provisions of this Resolution, the provisions in the <br /> Letter of Representations shall control. <br /> I <br /> Section 4. Redemption. i <br /> 4.01. At the option of the City, Bonds maturing on or after July 1, 2017, shall each be <br /> subject to ca11 and prior payment on July 1, 2016, or on any date thereafter at a price equal to the <br /> principal amount thereof to be redeemed plus interest accrued to the date of redemption. I <br /> Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in � <br /> part, the selection of the Bonds remaining unpaid to be prepaid sha11 be at the discretion of the <br /> City. If only part of the Bonds having a common maturity date are called for prepayment the <br /> City will notify the Depository of the particular amount of such maturity to be prepaid. The <br /> Depository will determine by lot the amount of participant's interest in such maturity to be <br /> redeemed and each participant will then select by lot the beneficial ownership interest in such I <br /> maturity to be redeem�l. , <br /> Section 5. Registration and Payment. <br /> 5.01. The Bonds shall be issued only in fully registered form. The interest thereon and, <br /> upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued <br /> by the Registrar described herein. <br /> 5.02. Each Bond shall be dated as of the last interest payment date preceding the date of <br /> authentication to which interest on the Bond has been paid or made available for payment, unless <br /> (i) the date of authentication is an interest payment date to which interest has be�n paid or made <br /> available for payment, in which case such Bond sha11 be dated as of the date of authentication, or <br /> (ii) the da.te of authentication is prior to the first Interest Payment Date, in which case such bond <br /> shall be dated as of the date of original issu�. The interest on the Bonds shall be payable to the <br /> owner of record thereof as of the close of business on the fifteenth day of the month preceding <br /> - - the �nterest paymc�t date, whether or not such day is a business day. <br /> 6 <br />