1990 Rec./Disb./Resolutions & Minutes

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Jear 1992 1993 .1994 1995 1996 Amount $45,000 50,000 50,000 55,000 80,000 2.03. ODtionallledemption. The City may elect on July 1, 1993, and on any Interest payment date thereafter to prepay the Bonds maturinl in 1994 and thereafter in whole or in part at a price of par plus accrued interest to date of redemption. If redemption is in part those installments hevlnl the latest maturity date will be prepaid first. Section 3. Relistration. 3.01. Relistered Form. The Bonds shall be issued as one or more typewritten bonds, numbered R-1 upward as requested by the Purchaser, only in fuUyreptered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, shall be payable by check or draft issued by the Relistrar described herein. 3.02. Dates; Interest Pa~ment Dates. The Bond shall be dated as of the last Interest payment date precedinl 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 the first interest payment date, in which case such Bond shall be dated as of the date of orilinal issue. The interest on the Bonds shall be payable on January 1 and July 1 of each year, commencinl July 1, 1991, 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. 3.03. Ke<<istration. The City appoints the City Clerk-Administrator as Bond Relfstrar. The effect of relfstration and the rights and duties of the City and the Kelfstrar with respect thereto shall be as follows: (a) Relrister. The Registrar shall keep a bond register In which the Relfstrar shall provide for the relfstration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be. registered, transferred or exchanged. (b) Transfer of Bonds. Upon II1lI'render for transfer of the Bonds duly endorsed by the r8IIstered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner. in writing, the Reststrar shall authenticate and deliver, In the name of the designated transferee or transferees, one or more new Bonds of a like &grepte principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date.