Laserfiche WebLink
Year <br />2032 <br />Principal Amount <br />200,000 <br />The remaining $205,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2033. <br />Notice of redemption shall be given as provided in the preceding paragraph. <br />2.05. Appointment of Regis trar. The City hereby appoints Bond Trust Services <br />Corporation, in Roseville, Minnesota, as the initial Bond registrar, transfer agent and paying <br />agent (the "Registrar "). The Mayor and City Manager are authorized to execute and deliver, on <br />behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar <br />with another corporation, if the resulting corporation is a bank or trust company organized under <br />the laws of the United States or one of the states of the United States and authorized by law to <br />conduct such business, such corporation shall be authorized to act as successor Registrar. The <br />City agrees to pay the reasonable and customary charges of the Registrar for the services <br />performed. The City reserves the right to remove the Registrar, effective upon not less than <br />thirty days' written notice and upon the appointment and acceptance of a successor Registrar, in <br />which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the <br />successor Registrar and shall deliver the Bond Register to the successor Registrar. <br />2.06. Registration. The effect of registration and the rights and duties of the City and the <br />Registrar with respect thereto shall be as follows: <br />(a) Register. The Registrar shall keep at its principal corporate trust office a <br />register (the "Bond Register ") in which the Registrar shall provide for the registration of <br />ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to <br />be registered, transferred or exchanged. The term Holder or Bondholder as used herein <br />shall mean the person (whether a natural person, corporation, association, partnership, <br />trust, governmental unit, or other legal entity) in whose name a Bond is registered in the <br />Bond Register. <br />(b) Transfer of Bonds. Upon surrender for transfer of any Bond duly endorsed by <br />the Holder thereof or accompanied by a written instrument of transfer, in form <br />satisfactory to the Registrar, duly executed by the Holder thereof or by an attorney duly <br />authorized by the Holder in writing, the Registrar shall authenticate and deliver, in the <br />name of the designated transferee or transferees, one or more new Bonds of a like <br />aggregate principal amount and maturity, as requested by the transferor. The Registrar <br />may, however, close the books for registration of any transfer after the first day of the <br />month in which the interest payment date occurs and until such interest payment date. <br />(c) Exchange of Bonds. At the option of the Holder of any Bond in a <br />denomination greater than $5,000, such Bond may be exchanged for other Bonds of <br />authorized denominations, of the same maturity and a like aggregate principal amount, <br />upon surrender of the Bond to be exchanged at the office of the Registrar. Whenever any <br />Bond is so surrendered for exchange the City shall execute and the Registrar shall <br />