RES 02047 - Laserfiche WebLink

(b) The Trustee shall deem and treat the person in whose name any Outstanding Bond shall be registered upon the Bond Register as the absolute owner of such Bond. whether such Bond shall be overdue or not, for the pUrpose of recei\'ing pa~ment of. or on account of. the principal of and interest on such Bond and for all other purposes. and all such pa~ments so made to any such Owner or upon his or her order shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. and neither the City nor the Trustee shall be affected by any notice to the contrary, The City agrees to indemnify and save the Trustee harmless from and against any and all loss. cost. charge. expense. judgment or liability incurred by it. acting in good faith and without negligence or willful misconduct under the Indenture. in so treating such Owner. In all cases in which the privilege of exchanging or transferring Bonds is exercised. the Trustee shall execute and deliver Bonds in accordance with the pro\'isions of this Article, All Bonds surrendered in any such exchanges or transfers shall forthwith be canceled by the Trustee. For every such exchange or transfer of Bonds. whether temporary or definiti\'e. the City and the Trustee may make a charge sufficient to reimburse any of them for any tax. fee or other governmental charge. other than one imposed by the City. required to be paid with respect to such exchange or transfer. which sum or sums shall be paid by the person requesting such exchange or transfer as a condition precedent to the exercise of the privilege of making such exchange or transfer. Notwithstanding any other pro\'ision hereof. the cost of preparing each new Bond and any other expenses of the City or the Trustee incurred in connection therewith (except any applicable tax. fee or other go\'ernmentaI charge other than one imposed by the City) shall be paid by the City. The Trustee shall not be obliged to effect any exchange or transfer of any Bond during the period after the mailing of notice calling such Bond or a portion thereof for redemption. nor during the fifteen (15) days preceding the giving of such notice of redemption, Section 1.07. Bond Registration Books, The Trustee shall keep or cause to be kept at its Principal Office a Bond Register. which shall. during normal business hours upon reasonable prior written notice be open to inspection by the City: and. upon presentation for such purpose. the Trustee shall. under such reasonable regulations consistent herewith as it may prescribe. register or transfer or cause to be registered or transferred. on the Bond Register. Bonds as herein before provided. Section 1.08. Ternporarv Bonds. Pending preparation of the definitive Bonds. any Bonds delivered under the Indenture may be initially delivered in temporary form exchangeable for definitive Bonds when ready for deli\'ery. The temporary Bonds may be printed. lithographed or typewritten. shall be of such denorninations as may be determined by the City. shall be without coupons and may contain such reference to any of the provisions hereof as may be appropriate, Every temporary Bond shall be authenticated by the Trustee and be delivered by the Trustee upon the same conditions and in substantially the same manner as definitive Bonds. If the Trustee delivers temporary Bonds. it shall authenticate and furnish definitive Bonds without delay and. thereupon. the temporary Bonds shall be surrendered for cancellation at the Principal Office of the Trustee and the Trustee shall deliver in exchange for such ternporary Bonds an equal aggregate principal amount of definiti\'e Bonds of authorized denominations of the same interest. -13- Pleasanton Cross Town Indenture (2).DOC