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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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The Bonds shall bear an original date which shall be the <br />first day of the month in which the Bonds are to be delivered (the <br />"Original Date ") and each Bond shall also bear the date of its <br />authentication. Bonds authenticated on or before January 15, 1991, <br />shall be paid interest from the Original Date. Bonds authenticated <br />after January 15, 1991, shall pay interest from the interest <br />payment date immediately preceding the date of authentication of <br />such Bonds unless the Bonds are authenticated between the fifteenth <br />day of the month preceding an interest payment date and the <br />interest payment date, in which case interest thereon shall be paid <br />from such interest payment date. <br />Each Bond shall be transferable or exchangeable only upon <br />the Bond Register by the registered owner thereof in person, or by <br />his attorney duly authorized in writing, upon surrender of such <br />Bond together with a written instrument of transfer or exchange <br />satisfactory to the Registrar duly executed by the registered owner <br />or his attorney duly authorized in writing, and thereupon a new <br />fully registered Bond or Bonds in the same aggregate principal <br />amount and of the same maturity shall be executed and delivered in <br />the name of the transferee or transferees or the registered owner, <br />as the case may be, in exchange therefor. Bonds may be transferred <br />or exchanged without cost to the registered owner, except for any <br />tax or governmental charge required to be paid with respect to the <br />exchange. The Registrar shall not be required to transfer or <br />exchange any Bond called for redemption or during the period from <br />the fifteenth day of any calendar month immediately preceding an <br />interest payment date to such interest payment date. The City, the <br />Commission, the Registrar and the Paying Agent may treat and <br />consider the person in whose name such Bonds are registered as the <br />absolute owner thereof for all purposes including for the purpose <br />of receiving payment of, or on account of, the principal thereof <br />and interest due thereon. <br />In the event any Bond is mutilated, lost, stolen or <br />destroyed, the City may execute and the Registrar may authenticate <br />a new Bond of like date, maturity and denomination as that <br />mutilated, lost, stolen or destroyed, which new Bond shall be <br />marked in a manner to distinguish it from the Bond for which it was <br />issued, provided that, in the case of any mutilated Bond, such <br />mutilated Bond shall first be surrendered to the Registrar, and in <br />the case of any lost, stolen or destroyed Bond there shall be first <br />furnished to the City and the Registrar evidence of such loss, <br />theft or destruction satisfactory to the City and the Registrar, <br />together with indemnity satisfactory to them. In the event any <br />such lost, stolen or destroyed Bond shall have matured, instead of <br />issuing a duplicate Bond, the City and the Registrar may, upon <br />receiving indemnity satisfactory to them, pay the same without <br />surrender thereof. The City and the Registrar may charge the owner <br />of such Bond with their reasonable fees and expenses in connection <br />with the above. Every substitute Bond issued by reason of any Bond <br />-6- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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