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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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3/21/2013 4:22:24 PM
Creation date
10/1/2012 2:09:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/13/1993
Ord-Res Number
8443-93
Bill Number
108-93
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Section 208. Mutilated, Lost, Stolen, or Destroyed Bonds. In the event any Bond is <br />mutilated, lost, stolen or destroyed, the Issuer may execute and the Trustee may authenticate <br />a new Bond of like date, maturity and denomination as that mutilated, lost, stolen or <br />destroyed; provided that, in the case of any mutilated Bond, such mutilated Bond shall first <br />be surrendered to the Issuer, and in the case of any lost, stolen or destroyed Bond, there <br />shall be first furnished to the Issuer and the Trustee evidence of such loss, theft or <br />destruction satisfactory to the Issuer and the Trustee, together with indemnity satisfactory to <br />them; if the owner of such Bond is an Institutional Holder, then an indemnity agreement of <br />such owner shall be sufficient and satisfactory indemnity for this purpose. In the event any <br />such Bond shall have matured, instead of issuing a duplicate Bond the Issuer may pay the <br />same without surrender thereof. The Issuer and the Trustee may charge the owner of such <br />Bond with their reasonable fees and expenses in this connection. <br />Section 209. Registration and Exchange of Bonds; Persons Treated as Owners. The <br />Issuer shall cause books for the registration and for the transfer of the Bonds as provided in <br />this Indenture to be kept by the Trustee which is hereby constituted and appointed the Bond <br />Registrar of the Issuer. Upon surrender for transfer of any Bond at the principal office of <br />the Trustee, duly endorsed by, or accompanied by a written instrument or instruments of <br />transfer in a form satisfactory to the Trustee and duly executed by the registered owner or <br />his attorney duly authorized in writing, and containing a notation of the principal and <br />interest which has been paid thereon, the Issuer shall execute and the Trustee shall <br />authenticate and deliver in the name of the transferee or transferees a new fully registered <br />Bond or Bonds of the same series and the same maturity for an aggregate principal amount <br />equal to the unpaid principal amount of the Note so surrendered. <br />Bonds may be exchanged at said office of the Trustee for a like aggregate principal <br />amount of fully registered Bonds of other authorized denominations of the same maturity. <br />The execution by the Issuer of any fully registered Bond of any denomination shall <br />constitute full and due authorization of such denomination and the Trustee shall thereby be <br />authorized to authenticate and deliver such registered Bond. <br />The Trustee shall not be required to transfer or exchange any Bond during the period <br />of five (5) days next preceding any interest payment date of such Bond, nor to transfer or <br />exchange any Bond after the publication of notice has been made calling such Bond for <br />prepayment, nor during a period of five (5) days next preceding publication of a notice of <br />prepayment of any Bonds. <br />The Person in whose name any fully registered Bond shall be registered shall be <br />deemed and regarded as the absolute owner thereof for all purposes, and payment of or on <br />account of either principal or interest on any such Bond shall be made only to or upon the <br />order of the registered owner thereof or his legal representative, but such registration may <br />be changed as hereinabove provided. All such payments shall be valid and effectual to <br />satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. <br />-17- <br />
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