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• evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen or <br /> destroyed Bond has already matured or been called for redemption in accordance with its <br /> terms, it shall not be necessary to issue a new Bond prior to payment. <br /> (i) AuthenticatingAgent. The Registrar is hereby designated authenticating agent for <br /> the Bonds, within the meaning of Minnesota Statutes, Section 475.55, Subdivision 1. <br /> 3.04. Appointment of Initial Re isg tray. The City hereby appoints Firstar Bank,N.A. in <br /> St. Paul, Minnesota, as the initial Registrar. The Mayor and City Manager are authorized to execute <br /> and deliver, on behalf of the City, a contract with Firstar Bank,N.A., as Registrar. Upon merger or <br /> consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust <br /> company authorized by law to conduct such business, such corporation shall be authorized to act as <br /> successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for <br /> the services performed. The City reserves the right to remove any Registrar upon thirty (30) days' <br /> notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar <br /> shall deliver all cash and Bonds in its possession to the successor Registrar. On or before each <br /> principal or interest due date, without further order of this Council, the Finance Director shall transmit to <br /> the Registrar from the 2000 Storm Sewer Utility Bond Fund described in Section 4 hereof, moneys <br /> sufficient for the payment of all principal and interest then due. <br /> 3.05. Redemption. (a) Bonds maturing in the years 2002 through 2009 are payable <br /> on their respective stated maturity dates without option of prior payment, but Bonds maturing in 2010 <br /> and later years are each subject to redemption, at the option of the City and in whole or in part, and if <br /> in part, in the maturities selected by the City and, within any maturity, in $5,000 principal amounts <br /> selected by the Registrar by lot, on February 1, 2009 and on any date thereafter, at a redemption price <br /> equal to the principal amount thereof to be redeemed plus accrued interest to the date of redemption. <br /> (b) Bonds maturing in the year N/A shall be subject to mandatory sinking fund <br /> redemption by lot at a redemption price equal to the principal amount of the Bonds to be so redeemed <br /> plus interest accrued thereon to the date fixed for redemption, on February 1, in the years and principal <br /> amounts set forth below: <br /> Year Amount <br /> N/A N/A <br /> *Final Maturity <br /> • -10- <br />