06-24-13 Council Packet - Laserfiche WebLink

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426203v1 SJB LN140 -110 3 Year Amount Year Amount 2015 $ 2020 $ 2016 2021 2017 2022 2018 2023 2019 2024 1.0 5 . Optional Redemption . The Bonds are not subject to optional redemption prior to maturity. [1.0 6 . Term Bonds; Mandatory Redemption . To be completed if Term Bonds are requested by the Purchaser.] Section 2. Registration and Payment . 2.01. Registered 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; 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 (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authenti cation is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing February 1, 2014 , to the registered owners of record as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration . The City will appoint a bond registrar, transfer agent, authenticating agent and paying agent (the “Registrar”). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Register . The Registrar must keep at its principal corporate trust office a bond register in which the Regist rar 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 regi stered 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 authentic ate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate 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 that interest payment date. (c) Exchange of Bonds . When Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or m ore new Bonds of a like aggregate