Resolution 2009-012 - Laserfiche WebLink

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Bonds maturing in the years 2019 and 2021 shall be subject to mandatory redemption, at a redemption price equal to their principal amount plus interest accrued thereon to the redemption date, without premium, on December 1 in each of the years shown below, in an amount equal to the following principal amounts: Term Bonds Maturing; in 2019 Term Bonds Maturing? in 2021 Sinking Fund Aggregate Sinking Fund Aggregate Payment Date Principal Amount Payment Date Principal Amount 2017 $45,000 2020 $50,000 2018 45,000 2021 * 50,000 2019* 50,000 *maturity Notice of redemption shall be given as provided in the preceding paragraph. Bonds in the principal amount of $525,000 have been deemed designated as "qualified tax - exempt obligations" pursuant to Section 265(b )(3) of the Internal Revenue Code of 1986. The remaining $525,000 in principal amount of bonds have been designated by the Issuer as "qualified tax- exempt obligations." As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the Issuer at the office of the Bond Registrar, by the registered owner hereof in person or by the owner's attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or the owner's attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the Issuer will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. Notwithstanding any other provision of this Bond, so long as this Bond is registered in the name of Cede & Co., as nominee of The Depository Trust Company, or in the name of any other nominee of The Depository Trust Company or other securities depository, the Registrar shall pay all principal of and interest on this Bond, and shall give all notices with respect to this Bond, only to Cede & Co. or such other nominee in accordance with the operational arrangements of The Depository Trust Company or other securities depository as agreed to by the Issuer. The Issuer and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the Issuer nor the Bond Registrar shall be affected by any notice to the contrary. II