1992-04-30 Resolution 52 - Laserfiche WebLink

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x`• i described in clause (i) above based upon the market value of such obligations on the day such agreement becomes effective, in which the Trustee has a perfected security interest. (o) "Redemption price," with respect to the Bonds outstanding under this Agreement, means the price at which the Bonds are redeemable as set forth in Article IV of this Agreement. (p) "Sinking Fund" means the Sinking Fund created and established by Section 3.01. (q) "Trustee" means and includes not only the Trustee but also its successor or successors in trust. (r) Unless the context shall clearly otherwise indicate, words importing the singular number shall include the plural number in each case, and vice versa, and words importing persons shall include firms and corporations, and terms employed in the disjunctive form shall be deemed to be employed also in the conjunctive form and vice versa. ARTICLE II. Maturities, Form, Issuance, Deliverer and Registration of Bonds Sec. 2.01. The principal amount of all Bonds which may be issued and outstanding under this Agreement shall be Four Million Five Hundred Ninety-Five Thousand Dollars ($4,595,000) face value. The Bonds shall be originally dated as of the first day of the month in which they are to be originally delivered, shall be issued in the denomination of Five Thousand Dollars ($5,000) each, or any integral multiple thereof and shall be numbered consecutively. The Bonds shall mature serially on February 1 and August 1 on the dates and in the amounts and bear interest at the rates as follows: interest Interest Date Amount Rate Date Amount Rate The interest on all of the Bonds is payable semiannually on February 1 and August 1 of each year, beginning August 1, 1992. •