O-1985-1470 - Laserfiche WebLink

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e e their stated maturities or upon acceleration of maturity as provided in the Bond Ordinance, to the registered owner thereof upon surrender of the Bond to the Bank at the Bank Office. As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the City, pay on behalf of the City the interest on the Bonds when due, by computing the amount of interest to be paid each registered owner thereof, preparing the checks and mailing them as specified in the Bond Ordinance, to such owners, addressed to their addresses appearing on the Bond Register. Section 3.02. Pavment Dates. - The City hereby instructs the Bank to pay the principal of and interest on the Bonds at the dates specified in the Bond Ordinance. ARTICLE FOUR REGISTRAR Section 4.01. Authentication, Transfer and Exchange. The City shall keep at the Bank Office a register (herein and in the Bond Ordinance called the "Bond Register") in which, subject to such reasonable written regulations as the City may prescribe (which regulations shall be furnished the Bank herewith or subsequent hereto by City Order), the City shall provide for the registration of Bonds and of transfers of Bonds. The Bank agrees to maintain the Bond Register while it is Registrar. At any time and from time to time after the execu- tion and delivery of this Agreement, any registered owner may deliver to the Bank, for transfer or exchange, any Bonds accompanied by instructions from such registered owner designating the persons and authorized maturities and principal amounts to and in which such Bonds are to be transferred or exchanged, and the Bank shall thereupon, within not more than three (3) business days, authenticate and deliver such Bonds, as provided herein, in the Bond Ordinance and in such instructions. Such Bonds shall be executed on behalf of the City and shall be authenticated in the manner provided in the Bond Ordinance. With respect to any Bond authenticated and delivered by the Bank hereunder, the Bank shall place the date of authentication of such Bonds in the place pro- vided for such date in the form of Bond. All Bonds issued upon any transfer or exchange of Bonds shall be the valid obligations of the City, evidencing the same debt, and entitled to the same benefits hereunder and under the Bond Ordinance, as the Bonds surrendered upon such exchange. No service charge shall be made by the Bank to the registered owner of a Bond or any transferee for any registra- tion, transfer or exchange of Bonds, but the Bank shall require payment by such registered owner thereof or transferee(s) of a sum sufficient to cover any tax or other governmental charge that may be imposed upon or be collectible by the City or the Bank in connection with any such transfer or exchange of Bonds. Every Bond surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, the signature on which has 008RGDA/180BOl -3-