Laserfiche WebLink
Section 3. Bond Terms, Execution and Delivery. <br /> 3.01. Maturities, Interest Rates, Denominations, Payment, Dating of Bonds. The Bonds <br /> shall be designated General Obligation Water and Sewer Revenue Refunding Bonds, <br /> Series 2013A, shall be originally dated as of January 8, 2013, shall be in the denomination of <br /> $5,000 each, or any integral multiple thereof, shall mature on February 1 in the respective years <br /> and amounts stated below, and shall bear interest, computed on the basis of a 360-day year <br /> consisting of twelve 30-day months, from January 8, 2013 until paid or duly called for <br /> redemption at the respective annual rates set forth opposite such years and amounts, as follows: <br /> Year Amount Rate Year Amount Rate <br /> 2014 $110,000 2.00% 2020 $135,000 2.00% <br /> 2015 115,000 2.00% 2022 280,000 2.00% <br /> 2016 115,000 2.00% 2024 300,000 2.00% <br /> 2017 125,000 2.00% <br /> 2018 130,000 2.00% <br /> 2019 130,000 2.00% <br /> The Bonds shall be issuable only in fully registered form. The interest thereon and, upon <br /> surrender of each Bond, the principal amount thereof, shall be payable by check or draft issued <br /> by the Registrar for the Bonds appointed herein. <br /> 3.02. Interest Payment Dates. Interest on the Bonds shall be payable on February 1 and <br /> August 1 in each year, commencing August 1, 2013, to the owners thereof as such appear of <br /> record in the bond register as of the close of business on the fifteenth day of the immediately <br /> preceding month, whether or not such day is a business day. <br /> 3.03. Registration. The City shall appoint, and shall maintain, a bond registrar, transfer <br /> agent and paying agent (the "Registrar"). The effect of registration and the rights and duties of <br /> the City and the Registrar with respect thereto shall be as follows: <br /> (a) Re ig ster. The Registrar shall keep at its principal office a bond register in <br /> which the Registrar shall provide for the registration of ownership of Bonds and the <br /> registration of transfers and exchanges of Bonds entitled to be registered, transferred or <br /> exchanged. <br /> (b) Transfer of Bonds. Upon surrender to the Registrar for transfer of any <br /> Bond duly endorsed by the registered owner thereof or accompanied by a written <br /> instrument of transfer, in form satisfactory to the Registrar, duly executed by the <br /> registered owner thereof or by an attorney duly authorized by the registered owner in <br /> writing, the Registrar shall authenticate and deliver, in the name of the designated <br /> transferee or transferees, one or more new Bonds of a like aggregate principal amount <br /> and maturity, as requested by the transferor. The Registrar may, however, close the <br /> -8- <br />