RES 02047 - Laserfiche WebLink

Year (September I) Principal Amount Interest Rate The Bonds shall be dated as of the Closing Date. and bear interest from the Interest Payment Date immediately preceding the date of authentication thereof by the Trustee. unless such date of authentication is on or after the fifteenth (15th) day of the calendar month prior to an Interest Payment Date. in which case they shall bear interest from such Interest Pa}ment Date. or unless such date of execution is on or before August 15. 2002. in which case they shaIl bear interest from the Closing Date. Section 2.03. Interest on the Bonds. Interest on the Bonds shall be paid on each Interest Payment Date at the rates per annum set forth in Section 2.02 hereof. calculated on the basis of a 360-day year consisting of twelve 30-day months. Section 2.04. Form of Bonds, The Bonds and the assignment to appear thereon shall be in substantially the form set forth in Appendix A hereto with appropriate or necessary insertions. omissions and variations as permitted or required hereby, Section 2.05. Execution of Bonds. The Bonds shall be executed by the manual or facsimile signature of the City Manager or Finance Officer of the City. and shall be attested to by the manual or facsimile signature of the City Clerk or Deputy City Clerk. The Bonds shall be authenticated by the manual signature of an authorized officer of the Trustee. Section 2,06. Transfer and Exchange of Bonds, Subject to the provisions of Section 2,1 1 hereof. (a) each Bond shall be transferable only upon a register of the names of each Owner (the "Bond Register"), which shall be kept for that purpose at the Trust Office. by the Owner thereof in person or by his or her attorney duly authorized in writing. upon surrender thereof together with a wTitten instrument of transfer satisfactory to the Trustee duly executed by the Owner or his or her duly authorized attorney, Upon the transfer of any such Bond. the Trustee shall provide in the name of the transferee. a new Bond or Bonds. of the same aggregate principal amount. interest rate and maturity as the surrendered Bonds (unless there has occurred a partial redemption of such Bond pursuant to Section 4,01 hereof. in which case the principal amount of the new Bond shall be equal to the unredeemed principal arnount of the Bond subrnitted for transfer), -12- Pleasanton Cross To\\'n Indenture (2).DOC