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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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Last modified
12/3/2009 11:51:05 AM
Creation date
8/20/2009 12:22:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/10/2009
Ord-Res Number
9951-09
Bill Number
56-09
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Registrar and Paying Agent. The Controller is hereby authorized to act on behalf of the City <br />with regard to any of the aforementioned actions of the City relating to the resignation or <br />removal of the Registrar and Paying Agent and appointment of a successor Registrar and Paying <br />Agent. <br />Principal of and any redemption premium on the Bonds, and principal of and <br />interest on the BANS, shall be payable at the principal corporate trust office of the Paying Agent. <br />Interest on the Bonds shall be paid by check or draft mailed or delivered by the Paying Agent to <br />the registered owner thereof at the address as it appears on the registration books kept by the <br />Registrar as of the fifteenth (15th) day of the month immediately preceding the Interest Payment <br />Date or at such other address as may be provided to the Paying Agent in writing by such <br />registered owner. Norivithstanding the foregoing, principal of and interest on the Bonds or <br />BANS, if registered in the name of the Authority or the Bond Bank, shall be paid by wire transfer <br />to a financial institution if and as directed by the Authority or Bond Bank, as the case may be, on <br />the due date of such payment or, if such date is a day when financial institutions are not open for <br />business, on the business day immediately preceding such due date. So long as the Authority or <br />the Bond Bank is the registered owner of the Bonds or BANS, the Bonds or BANS shall be <br />presented for payment as directed by the Authority or the Bond Bank, as applicable. All <br />payments on the Bonds shall be made in any coin or currency of the United States of America <br />which, on the dates of such payments, shall be legal tender for the payment of public or private <br />debt. <br />Each Bond shall be transferable or exchangeable only on the books of the City <br />maintained for such purpose at the principal corporate trust office of the Registrar, by the <br />registered owner thereof in person, or by his or her attorney duly authorized in writing, upon <br />-11- <br />BDDBO l 5738468v1 <br />
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