1994-05-17 Resolution 91 - Laserfiche WebLink

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• The Bonds shall mature semiannually on February 1 and August 1 on the dates and in the amounts and bear interest at the rates as follows: Maturity Amount Rate Maturity Amount Rate 02/01/96 02/01/02 08/01/96 08/01/02 02/01/97 02/01/03 08/01/97 08/01/03 02/01/98 02/01/04 08/01/98 08/01/04 02/01/99 02/01/05 08/01/99 08/01/05 02/01/00 02/01/06 08/01/00 08/01/06 02/01/01 02/01/07 08/01/01 08/01/07 08/01/14 The interest on all of the Bonds is payable semiannually on February 1 and August 1 of each year, beginning February 1, 1995. Interest shall be calculated on the basis of twelve 30 -day months for a 360 -day year. • The interest on the Bonds shall be payable by check or draft mailed one business day prior to the interest payment date to the person in whose name each Bond is registered on the fifteenth day of the month preceding such interest payment date. The principal of, and premium on, the Bonds shall be payable upon presentment and surrender thereof in lawful money of the United States of America, at the principal office of the Trustee in the City of South Bend, Indiana. All Bonds shall be cancelled upon their payment by the Trustee. The Trustee shall dispose of such Bonds as permitted by law and furnish to the Authority a certificate of their disposal, signed by an authorized officer of the Trustee. Sec. 2.02. The Bonds shall be executed in the name of the Authority by the facsimile signature of the President of its Board and attested by the facsimile signature of the Secretary- Treasurer of the Board. In case any official whose facsimile signature appears on the Bonds, shall cease to be such officer before the Bonds shall be duly issued and delivered, such Bonds shall, nevertheless, be the Bonds of the Authority and in all respects binding and obligatory upon it to the same extent as if signed by the officers of the Authority at the date of the actual issuance and delivery thereof. • -6-