My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Bill No. 49-23 Revenue Bonds Authorizing the Acquisition & Construction of the Municipal Waterworks
sbend
>
Public
>
Common Council
>
Legislation
>
Upcoming Bills
>
2023
>
08-28-2023
>
Bill No. 49-23 Revenue Bonds Authorizing the Acquisition & Construction of the Municipal Waterworks
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/24/2023 3:30:14 PM
Creation date
8/23/2023 4:16:42 PM
Metadata
Fields
Template:
City Council - City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
70
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
f) Interest on all other Bonds shall be payable from the interest payment date <br />to which interest has been paid next preceding the authentication date of the Bonds unless the <br />Bonds are authenticated after the Record Date and on or before such interest payment date, in <br />which case they shall bear interest from such interest payment date, or unless the Bonds are <br />authenticated on or before the Record Date preceding the first interest payment date, in which case <br />they shall bear interest from the original date, until the principal shall be fully paid. <br />g) The Bonds may be issued in book-entry-only form as one (1) fully <br />registered Bond per maturity registered in the name of Cede&Co.,as nominee for The Depository <br />Trust Company, New York, New York ("Depository Trust Company") and have transfers of the <br />Bonds effected by book-entry on the books of the central depository system ("Book Entry <br />System"). The Bonds may be initially issued in the form of a separate single authenticated fully <br />registered Bond for the aggregate principal amount of each separate maturity of the Bonds. In <br />such case, upon initial issuance, the ownership of such Bonds shall be registered in the register <br />kept by the Registrar in the name of CEDE&CO., as nominee of the Depository Trust Company. <br />With respect to the Bonds registered in the register kept by the Registrar in the name of <br />CEDE&CO., as nominee of the Depository Trust Company, the City and the Paying Agent shall <br />have no responsibility or obligation to any other holders or owners(including any beneficial owner <br />Beneficial Owner"))of the Bonds with respect to(i)the accuracy of the records of the Depository <br />Trust Company, CEDE & CO., or any Beneficial Owner with respect to ownership questions, (ii) <br />the delivery to any bondholder(including any Beneficial Owner) or any other person, other than <br />the Depository Trust Company, of any notice with respect to the Bonds including any notice of <br />redemption, or(iii)the payment to any bondholder(including any Beneficial Owner) or any other <br />person, other than the Depository Trust Company, of any amount with respect to the principal of, <br />or premium, if any, or interest on the Bonds, except as otherwise provided herein. <br />With respect to Bonds registered in the name of CEDE & CO., the following provisions <br />shall also apply. No person other than the Depository Trust Company shall receive an <br />authenticated Bond evidencing an obligation of the City to make payments of the principal of and <br />premium, if any,and interest on the Bonds pursuant to this Ordinance. The City and the Registrar <br />and Paying Agent may treat as and deem the Depository Trust Company or CEDE & CO. to be <br />the absolute bondholder of each of the Bonds for the purpose of(i)payment of the principal of and <br />premium, if any, and interest on such Bonds; (ii) giving notices of redemption and other notices <br />permitted to be given to bondholders with respect to such Bonds; (iii) registering transfers with <br />respect to such Bonds; (iv) obtaining any consent or other action required or permitted to be taken <br />by or with respect to bondholders; (v) voting; and (vi) for all other purposes whatsoever. The <br />Paying Agent shall pay all principal of and premium, if any, and interest on the Bonds only to or <br />upon the order of the Depository Trust Company,and all such payments shall be valid and effective <br />fully to satisfy and discharge the City's and the Paying Agent's obligations with respect to <br />principal of and premium, if any, and interest on the Bonds to the extent of the sum or sums so <br />paid. Upon delivery by the Depository Trust Company to the City of written notice to the effect <br />that the Depository Trust Company has determined to substitute a new nominee in place of CEDE <br />CO.,and subject to the provisions herein with respect to consents,the words"CEDE&CO."in <br />this Ordinance shall refer to such new nominee of the Depository Trust <br />Company. Notwithstanding any other provision hereof to the contrary, so long as any Bond is <br />registered in the name of CEDE & CO., as nominee of the Depository Trust Company, all <br />payments with respect to the principal of and premium, if any, and interest on such Bonds and all <br />8 -
The URL can be used to link to this page
Your browser does not support the video tag.