RES 02047 - Laserfiche WebLink

and has not at some subsequent date been established. at a rate which is not subject to fluctuation or subsequent adjustment. Section 1.02, Equal Securitv, In consideration of the acceptance of the Bonds by the Owners. this Indenture shall be deemed to be and shall constitute a contract by and among the Trustee. the City and the Ovmers to secure the full and final pa)ment of the interest and principal and redemption premiums. if any. to be made by the City on the Bonds. subject to the agreements. conditions. covenants and terms contained herein: and all agreernents. conditions. covenants and terms contained herein required to be observed or performed by or on behalf of the Trustee shall be for the equal and proportionate benefit. protection and security of all Ovmers without distinction. preference or priority as to benefit. protection or security of any Bonds over any other Bonds by reason of the number or date thereof or the time of execution or deliverv thereof or otherwise for any cause whatsoever. except as expressly provided herein or therein. ARTICLE II TERMS AND CONDITIONS OF BONDS Section 2,01. Preparation of Bonds. The City hereby authorizes the issuance of the Bonds in the aggregate principal amount of $ , The Bonds shall be designated "City of Pleasanton Sewer Revenue Refunding Bonds. Series 2002..' Section 2.02, Denominations. Medium. Method and Place of Pavment and Dating of Bonds. The Bonds shall be issued in the form of fully registered Bonds in denominations of five thousand dollars ($5.000) or any integral multiple thereof. Subject to the provisions of Section 2.11 hereto. the interest. principal and redernption prerniums. if any. on the Bonds shall be payable by check in lawful money of the United States of America. Subject to the provisions of Section 2.1 I hereof. interest on the Bonds shall be payable on their Interest Payment Dates by check mailed via first class mail on the Interest Payment Date by the Trustee to the respective Owners thereof as of the Record Date at their addresses as they appear in the books required to be kept by the Trustee pursuant to the provisions of Section 2,07 hereof or. upon the \\Titten request from any Owner of Bonds aggregating at least $1.000.000 in principal amount. received on or prior to the fifteenth day of the month preceding an applicable Interest Payrnent Date. by wire in Federal ReseJ'\'e funds to an account within the United States on the Interest Payment Date. with regard to which such payment is rnade. The principal of the Bonds shall be payable on September 1 in each of the years and in the principal arnounts as follows. or on redemption prior thereto. upon surrender thereof at the Trust Office of the Trustee. -11- Pleasanton Cross Town Indenture (2l.DOC