1999-061 Council Resolution - Laserfiche WebLink

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Name and Address: (Include information for all joint owners if this Bond is held by joint account) Please insert social security or other identifying number of assignee: PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Date of Registration Registered Owner Officer of Registrar Cede & Co. Federal ID #13-2555119 Section 4. Payment; Security; Pledges and Covenants. 4.01. (a) Interest on the Bonds to and including February 1, 2001 is payable from the Escrow Account established pursuant to the Escrow Agreement described herein. Thereafter, the Bonds are payable from the General Obligation Improvement Refunding Bonds, Series 1999A Debt Service Fund (the "Debt Service Fund") hereby created, and the proceeds of special assessments (the "Assessments") levied for the improvements described in the resolution authorizing the issuance of the Refunded Bonds are hereby pledged to the Debt Service Fund. (b) The debt service fund (but not the construction fund), if any, heretofore established for the Refunded Bonds is terminated, and all monies therein are hereby transferred to the Debt Service Fund herein created; provided, however, that the City Clerk -Treasurer is hereby authorized and directed to transfer from said Debt Service Fund those amounts determined by actuarial calculation at the time of delivery of the Bonds to be necessary to properly fund the Escrow Account established by Section 5 of this resolution. If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, BMB-167650 LN 140-68