05-13-2020 Council Packet - Laserfiche WebLink

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12316306v3 -13- ARTICLE II FORM, EXECUTION AND REGISTRATION OF BONDS Section 2.01 Form, Maturities and Numeration of Series 2020 Bonds. (a)The Series 2020 Bonds to be issued and secured under this Indenture shall each be designated "Senior Housing and Health Care Facilities Revenue Bonds (Langton Shores Project), Series 2020." The Series 2020 Bonds and Trustee's Certificate of Authentication shall be substantially in the form set forth in Exhibit A hereto. The Series 2020 Bonds shall be issued in fully registered form in the denomination of $5,000 each, or any integral multiple thereof not exceeding the principal amount maturing in any year, initially numbered from R-1 upwards in order of maturity, and the Series 2020 Bonds originally issued, and not in exchange for Predecessor Bonds, shall be dated the date of delivery thereof to the Original Purchaser. Series 2020 Bonds issued in exchange for Predecessor Bonds shall be dated the date to which interest has been paid on the Series 2020 Bonds being surrendered for exchange, or dated the date of delivery if issued prior to the first interest payment date, and shall be numbered in order of issuance commencing with the next number after the highest number assigned to the initial Bonds. No single Series 2020 Bond shall represent principal payable or maturing in different years. The Series 2020 Bonds shall bear interest payable semiannually on May 1 and November 1 each year, commencing November 1, 2020, from the date of delivery thereof or the most recent interest payment date to which interest has been paid or duly provided for. Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30-day months. The principal and redemption price of the Series 2020 Bonds shall be payable to the registered owner upon presentation at the Principal Trust Office in such coin or currency of the United States of America as may be, on the respective dates of payment thereof, legal tender for the payment of public and private debts, and interest on Series 2020 Bonds shall be paid by check or draft mailed to the registered owner at his/her registered address. The Regular Record Date for the payment of interest on the Series 2020 Bonds payable, and punctually paid or duly provided for, on any interest payment date shall be the 15th day (whether or not a business day) of the calendar month next preceding such interest payment date. The Series 2020 Bonds shall be in the aggregate principal amount of $46,340,000, and shall mature on May 1 of the years and bear interest at the rates per annum, according to years of maturity, as follows: Year (May 1) Principal Amount Interest Rate Year (May 1) Principal Amount Interest Rate 2023 2030 2024 2035 2025 2040 2026 2045 2027 2050 2028 2057 2029 Section 2.02 Execution of Bonds. The Bonds shall be signed in the name of the Issuer by the manual or facsimile signature of any officer or officers of the Issuer, and said signature or