04-14-2021 Council Packet - Laserfiche WebLink

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13068670v2 11 originally issued, and not in exchange for Predecessor Bonds, shall be dated the date of delivery. Series 2021D Bonds issued in exchange for Predecessor Bonds shall be dated the date to which interest has been paid on the Series 2021D 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 2021D Bond shall represent principal payable or maturing in different years. The Series 2021D Bonds shall bear interest payable semiannually on June 1 and December 1 each year, commencing ____________ 1, 20_____, from the date of delivery 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 2021D Bonds shall be payable to the registered owner upon presentation at the office of the Trustee 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 2021D Bonds shall be paid by check or draft mailed to the registered owner at his registered address; provided, however, presentation shall not be required in connection with sinking fund payments. The Regular Record Date for the payment of interest on the Series 2021D 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 2021D Bonds shall be in the aggregate principal amount of $7,550,000, and shall mature on June 1 of the years and bear interest at the rates per annum, according to years of maturity, as follows: Year Amount Rate 2024 $ % 2025 2026 2027 2028 2029 2030 2031 2036 2041 2046 The Bonds shall be subject to mandatory redemption through operation of the Sinking Fund as provided in Section 3.08. Section 2.02 Execution of Bonds. The Bonds shall be signed in the name of the Issuer by the manual or facsimile signatures of the Mayor and City Administrator, or signed and attested by other officers of the Issuer, and said signatures shall be authenticated by the Trustee, which is hereby designated as authenticating agent. The official seal of the Issuer may be omitted from the Bonds as permitted by law. In the event that any of the officers whose signatures appear on any Bonds shall cease to be officers of the Issuer before such Bonds shall have been authenticated or delivered by the Trustee, such Bonds may, nevertheless, be authenticated, delivered, and issued,