res_9038 - Laserfiche WebLink

Home

Year Amount Year Amount 1995 $145,000 2002 $185,000 1996 145,000 2003 195,000 1997 155,000 2004 205,000 1998 160,000 2005 215,000 1999 165, on,) 2006 225,000 2000 170,OùO 2007 240,000 2001 180,000 2008 250,000 2009 265,000 1.04. Optional RedE'[J;ption. The City may elect on March 1, 2000 and on any day thereafter to prepay Bonds due on or after March 1, 2000. If less than all Bonds of a maturity are called for redemption, the City will notify MSTC (as hereinafter defined) of the particular amount of the maturity to be prepaid. MSTC will determine by lot the amount of each participant's interest in the maturity to be redeemed and each participant will then select by lot the beneficial ownership interest in the maturity to be redeemed. All payments will be at a price of par plus accrued interest. Section 2. Re¡ristration and Payment. 2.01. Re¡ristered 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. Dates j Interest 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 (1) 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 will be dated as of the date of authentication, or (ü) the date of authentication is prior to the first interest payment date, in which case such Bond will be dated as of the date of original issue. . The interest on the Bonds is payable on March 1 and September 1 of each year, commencing September 1, 1994, 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. 2.03. Registration. The City will appoint, and will maintain, a bond registrar, transfer agent, authenticating agent and paying agent (Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Re£ister. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration 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 surrender for transfer of a Bond duly endorsed by the registered 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 Registrar will authenticate and deliver, in the name of the designated transferee or transferees one or more new Bonds Da1376& 11200-13 3