No. 0779 amending Res. No. 775 of the COSBRC

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the Registrar for its services out of available funds. The Commission reserves the right to remove the Registrar upon thirty (30) days notice and upon appointment of a successor Registrar in which event the predecessor Registrar shall deliver all Series 1986 Bonds in its possession and the Series 1986 Bond Register to the successor Registrar. The principal of and premium, if any, on the Series 1986 Bonds shall be payable at the principal office of American Fletcher National Bank and Trust Company which is hereby appointed as the paying agent (American Fletcher National Bank and Trust Company and any subsequent Paying Agent appointed pursuant to this Series 1986 Bond Resolution shall hereinafter be referred to as the "Paying Agent ") for the Series 1986 Bonds. Interest on the Series 1986 Bonds shall be paid by check or draft mailed or delivered to the registered owners of the Series 1986 Bonds at the address as it appears on the Series 1986 Bond Register as of the fifteenth day of the month immediately preceding the interest payment date or at such other address as provided to the Paying Agent in writing by such registered owners. All payments on the Series 1986 Bonds shall be made in lawful money of the United States of America. The Controller is hereby authorized and directed, on behalf of the Commission, to enter into such agreements or understandings with the Paying Agent as will enable it to perform the services required of a paying agent, and is directed to pay the Paying Agent for its services out of available funds. The Commission reserves the right to remove the Paying Agent upon thirty (30) days' notice and upon the appointment of a successor Paying Agent in which event the predecessor Paying Agent shall deliver all the cash in its possession to the successor Paying Agent. The Commission shall notify each registered owner of Series 1986 Bonds then outstanding by first -class mail of the removal of the Registrar or Paying Agent. Notices to registered owners of Series 1986 Bonds shall be deemed to be given when mailed by first -class mail to the addresses of such registered owners as they appear on the Series 1986 Bond Register. The Series 1986 Bonds shall be executed in the name of the City, acting for and on behalf of the Redevelopment District, by the manual or facsimile signature of the Mayor of the City, and attested by the manual or facsimile signature of the Controller, who shall cause the official seal of the City to be impressed or a facsimile thereof to be printed on each of the Series 1986 Bonds. Subject to the provisions for registration, the Series 1986 Bonds shall be negotiable under the laws of the State of Indiana. The Series 1986 Bonds shall be authenticated with the manual signature of an authorized representative of the Registrar, and no Bond shall be valid or obligatory for any purpose until the -4-