No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA

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Series 1992 Bonds authenticated on or before July 15, 1993, shall be dated the Original Date of the Series 1992 Bonds. Series 1992 CW Bonds authenticated after July 15, 1993, shall be dated and pay interest from the interest payment date to which interest had been paid immediately preceding the date of authentication of such Series 1992 Bonds unless the Series 1992 Bonds are authenticated between the fifteenth (15th) day of the month preceding an interest payment date and the interest payment date, in which case such Series 1992 Bond shall be dated and interest thereon shall be paid from the next succeeding interest payment date. Principal of the Series 1992 Bonds shall, subject to redemption pursuant to Section 2 hereof, fall due on such dates in such amounts as correspond to the amount and dates of maturities set forth in Section 1 hereof. Each Series 1992 Bond shall be transferable or exchangeable only upon the Series 1992 Bond Register by the registered owner thereof in person, or by his attorney duly authorized in writing, upon surrender of such Series 1992 Bond together with a written instrument of transfer or exchange satisfactory to the Registrar duly executed by the registered owner or his attorney duly authorized in writing, and thereupon a new fully registered Series 1992 Bond or Series 1992 Bonds in the same aggregate principal amount and of the same maturity shall be executed and delivered in the name of the transferee or transferees or the registered owner, as the case may be, in exchange therefor. Bonds shall not be sold or transferred in principal amounts of less than One Hundred Thousand and 00 /100 Dollars ($100,000.00) without j the opinion of counsel that the sale or transfer conforms to securities laws. Series 1992 Bonds may be transferred or exchanged without cost to the registered owner, except for any tax or governmental charge required to be paid with respect to the exchange. The Registrar shall not be required to transfer or exchange any Series 1992 Bond called for redemption or during the period from the fifteenth (15th) day of any calendar month immediately preceding an interest payment date to such interest payment date. The City, the Commission, the Registrar and the Paying Agent may treat and consider the person in whose name such Series 1992 Bonds are registered as the absolute owner thereof for all purposes including for the purpose of receiving payment of, or on account of, the principal thereof and interest due thereon. In the event any Series 1992 Bond is mutilated, lost, stolen or destroyed, the City may execute and the Registrar may authenticate a new Series 1992 Bond of like date, maturity and denomination as that mutilated, lost, stolen or destroyed, which new Series 1992 Bond shall be marked in a manner to distinguish it from the series 1992 Bond for which it was issued, provided that, in the case of any mutilated Series 1992 Bond, such mutilated Series 1992 Bond shall first be surrendered to the Registrar, and in the case of any lost, stolen or destroyed Series 1992 Bond there shall be first furnished to the City and the Registrar evidence of such loss, theft or destruction satisfactory to the City and the 19