Laserfiche WebLink
Term Obligations Maturing December 1. 2011 <br />Year <br />Principal Amount <br />2009 <br />$41,000 <br />2010 <br />43,000 <br />The remaining $44,000 stated principal amount of such Obligations shall be paid at maturity on <br />December 1, 2011. <br />Term Obligations Maturing December 1. 2015 <br />Year <br />Principal Amount <br />2012 <br />$46,000 <br />2013 <br />48,000 <br />2014 <br />50,000 <br />The remaining $52,000 stated principal amount of such Obligations shall be paid at maturity on <br />December 1, 2015. <br />Notice of redemption shall be given as provided in the preceding paragraph. <br />2.05. Appointment of Initial Registrar. The City hereby appoints the City <br />Finance Director as the initial bond registrar, transfer agent and paying agent (the Registrar) for <br />the Obligations. The City reserves the right to remove the Registrar, effective upon thirty days' <br />notice and upon the appointment of and acceptance by a successor Registrar, in which event the <br />predecessor Registrar shall deliver all. cash and Obligations in its possession to the successor <br />Registrar and shall deliver the bond register to the successor Registrar. <br />2.06. Registration. The effect of registration and the rights and duties of the City <br />and the Registrar with respect thereto shall be as follows: <br />(a) Register. The Registrar shall keep at its principal office a bond register in <br />which the Registrar shall provide for the registration of ownership of Obligations and the <br />registration of transfers and exchanges of Obligations entitled to be registered, transferred <br />or exchanged. <br />(b) Transfer of Obligations. Upon surrender for transfer of any Obligation duly <br />endorsed by the registered owner thereof or accompanied by a written instrument of <br />transfer, in form satisfactory to the Registrar, duly executed by the registered owner <br />thereof or by an attorney duly authorized by the registered owner in writing, the Registrar <br />shall authenticate and deliver, in the name of the designated transferee or transferees, one <br />or more new Obligations of a like aggregate principal amount and maturity, as requested <br />by the transferor. The Registrar may, however, close the books for registration of any <br />transfer after the fifteenth day of the month preceding each interest payment date and <br />until such interest payment date. <br />in <br />