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RES 86-041 RESOLUTION RELATING TO $125,000 GENERAL OBLIGATION CERTIFICATES OF INDEBTEDNESS; FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR
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RES 86-041 RESOLUTION RELATING TO $125,000 GENERAL OBLIGATION CERTIFICATES OF INDEBTEDNESS; FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR
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RES 1986
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RES 86-041 RESOLUTION RELATING TO $125,000 GENERAL OBLIGATION CERTIFICATES OF INDEBTEDNESS; FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUTION AND DELIVERY THEREOF AND SECURITY THEREFOR
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ASSIGNMENT <br /> FOR VALUE RECEIVED the undersigned hereby sells , <br /> assigns and transfers unto <br /> the within Certificate and all rights thereunder, and hereby <br /> irrevocably constitutes and appoints <br /> attorney to transfer the within Certificate on the books kept <br /> for registration thereof, with full power of substitution in <br /> the premises. <br /> Dated: <br /> PLEASE INSERT SOCIAL SECURITY <br /> OR OTHER IDENTIFYING NUMBER NOTICE : The signature to this <br /> OF ASSIGNEE: assignment must correspond with <br /> the name as it appears on the <br /> face of the within Certificate <br /> in every particular, without <br /> alteration or any change <br /> whatsoever . <br /> Signature(s) must be guaranteed by a commercial bank <br /> or trust company or by a brokerage firm having a membership in <br /> one of the major stock exchanges . <br /> • Section 3 . Terms, Execution and Delivery. <br /> 3 . 01 . Maturities, Interest Rates , Denominations , <br /> Payment . The City shall forthwith issue and deliver the <br /> Certificates, which shall be denominated "Certificates of <br /> Indebtedness" and shall be payable primarily from the Sinking <br /> Fund created in Section 4 . 01 hereof . The Certificates shall be <br /> issuable in the denomination of $5, 000 each or any integral <br /> multiple thereof, shall mature, without option of prior <br /> payment, on the dates and in amounts set forth below opposite <br /> such dates, and Certificates maturing on such dates and amounts <br /> shall bear interest from date of issue until paid or duly <br /> called for redemption at the rates per annum shown opposite <br /> such dates and amounts as follows: <br /> Maturity <br /> Date Amount Rate <br /> August 1 , 1987 $ 35, 000 4 . 25% <br /> February 1 , 1988 25, 000 4 . 50 <br /> August 1 , 1988 20, 000 4 . 50 <br /> February 1 , 1989 20, 000 5 . 00 <br /> August 1 , 1989 25, 000 5 . 00 <br /> -6- <br />
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