O-1990-1728 - Laserfiche WebLink

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e e AgentlRegistrar to the registered owner hereof as shown by the Registration Books kept by the Paying AgentlRegistrar at the close of business on the Record Date by check drawn by the Paying AgentlRegistrar on, and payable solely from, funds of the City required to be on deposit with the Paying AgentlRegistrar for such purpose as hereinafter provided; and such check shall be sent by the Paying AgentlRegistrar by United States mail, postage prepaid, on each such interest payment date, to the registered owner hereof at its address as it appears on the Registration Books kept by the Paying Agent/Registrar, as hereinafter described. The record date ("Record Date") for the interest payable on any interest payment date means the first calendar day of the month of a scheduled interest payment. In the event of a non-payment of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying AgentlRegistrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the "Special Payment Date", which shall be 15 calendar days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class, postage prepaid, to the address of each registered owner of a Bond appearing Gn the books of the Paying AgentlRegistrar at the close of business on the last business day next preceding the date of mailing of such notice. The City covenants with the registered owner of this Bond that no later than each principal payment date and interest payment date for this Bond it will make available to the Paying AgentlRegistrar the amounts required to provide for the payment, in immediately available funds, of all principal of and interest on the Bonds, when due, in the manner set forth in the ordinance authorizing the issuance of the bonds adopted by the City Council of the City on September 27, 1990 (the "Ordinance"). *IF TIlE DATE for the payment of the principal of or interest on this Bond shall be a Saturday, a Sunday, a legal holiday, or a day on which banking institutions in the city where the Paying AgentlRegistrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. *TIllS BOND is one of a Series of bonds of like tenor and effect except as to denomination, number, maturity, interest rate and right of prior redemption, issued in the aggregate principal amount of $2,100,000 for the purpose of extending and improving the City's existing sanitary sewer system. *TIIE BONDS of this series scheduled to mature on and after March 15, 2002 may be redeemed prior to their scheduled maturities, in whole, or in part in principal amounts of $5,000 or any integral multiple thereof, at the option of the City, on March 15, 2001, or on any interest payment date thereafter, for the principal amount thereof plus accrued interest to the date fixed for redemption. * AT LEAST 30 days prior to the date fIXed for any such redemption, a notice of such redemption shall be published one time in a financial journal or publication of general circulation in the United States of America carrying as a regular feature notices of municipal bonds called for redemption. Such notice also shall be sent by the Paying AgentlRegistrar by United States mail, first-class postage prepaid, at least 30 days prior to the date fIXed for any such redemption, to the registered owner of each Bond or portion thereof to be redeemed at its address as it appeared on 7