Resolution 4902 - Laserfiche WebLink

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. (f) The Council desires that the Bonds be issued in Book Entry Only Form, as hereinafter described. 2. Acceotance of Offer. The offer of American Bank National Association (the "Purchaser"), to purchase the City's $ 815,000 General Obligation Tax Increment Refunding Bonds, Series 1996B, dated March 1, 1996 (the "Bonds", or individually a "Bond"), at the rates of interest and upon the other terms set forth in this Resolution, and to pay therefor the sum of $810,599.00 plus interest accrued to settlement, is hereby accepted. 3. Title: Oriqinal Issue Date: Denominations: Maturities. (a) The Bonds shall be titled "General Obligation Tax Increment Refunding Bonds, Series 1996B," shall be dated March 1, 1996, as the date of original issue and shall be issued forthwith on or after such date as fully registered bonds. The Bonds shall be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity. The Bonds shall mature on February 1 in the years and amounts as follows: Year Amounts . 1997 $ 80,000 1998 80,000 1999 85,000 2000 85,000 2001 90,000 2002 95,000 2003 95,000 2004 100,000 2005 105,000 (b) Book Entry Only SYstem. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York, or any of its successors to its functions hereunder (the "Depository"), will act as securities depository for the Bonds, and to this end: . (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Periodll), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and authorized denominations for each maturity of Bonds shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that maturity. While in such book entry form, the Bonds are sometimes hereinafter referred to as being in "Book Entry Only Form." 311 080. 1 3