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2004-02-11 CC Meeting
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2004-02-11 CC Meeting
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<br />BOOK ENTRY SYSTEM: <br /> <br />DATE OF ORIGINAL <br />ISSUE OF BONDS: <br /> <br />PURPOSE: <br /> <br />INTEREST PAYMENTS: <br /> <br />MATURITIES: <br /> <br />SJB-24J4Jlvl <br />CE155-22 <br /> <br />The bonds will be issued by means of a book entry system <br />with no physical distribution of bond certificates made to <br />the public. The bonds will be issued in fully registered <br />form and one bond certificate, representing the aggregate <br />principal amount of the bonds maturing in each year, will <br />be registered in the name of Cede & Co. as nominee of <br />Depository Trust Company ("OTC"), New York, New <br />York, which will act as securities depository of the bonds. <br />Individual purchases of the bonds may be made in the <br />principal amount of $5,000 or any multiple thereof of a <br />single maturity through book entries made on the books <br />and records of OTC and its participants. Principal and <br />interest are payable by the Issuer through U.S. Bank <br />National Association, in St. Paul, Minnesota (the <br />"Registrar") to OTC or its nominee as registered owner of <br />the bonds. Transfer of principal and interest payments to <br />participants of OTC will be the responsibility of DTC; <br />transfer of principal and interest payments to beneficial <br />owners by participants will be the responsibility of such <br />participants and other nominees of beneficial owners. The <br />successful proposal maker, as a condition of delivery of the <br />bonds, will be required to deposit the bond certificates with <br />OTC. The Issuer will pay reasonable and customary <br />charges for the services of the Registrar. <br /> <br />April I, 2004 <br /> <br />For the purpose of providing money to fmance public <br />infrastructure improvements related to the City's 2004 <br />Street and Utility Improvement Project. <br /> <br />October I, 2004, and semiannually thereafter on April I <br />and October I to registered owners of the bonds appearing <br />of record in the bond register as of the close of business on <br />the fifteenth day (whether or not a business day) of the <br />immediately preceding month. <br /> <br />April I in each ofthe years and amounts as follows: <br /> <br />Year Amount <br />2007 $780,000 <br />
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