1998-11-09-Minutes - Laserfiche WebLink

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392 maturity 1999, 7.75% maturity 2009, 6.25% maturity 2000, 7.75% maturity 2010, 6.30% maturity 2001, 7.75% maturity 2011, 6.35% maturity 2002, 7.75% maturity 2012, 6.40% maturity 2003, 7.75% maturity 2013, 6.50% maturity 2004, 7.75% maturity 2014, 6.50% maturity 2005, 7.75% maturity 2015, 6.50% maturity 2006, 7.75% maturity 2016, 6.50% maturity 2007, 7.75% maturity 2017, 6.625% maturity 2008, 7.75% maturity 2018, 6.625% Said interest shall be payable in the manner provided and on the dates stated in the FORM OF BOND set forth in this Resolution. Section 4. CHARACTERISTICS OF THE BONDS. (a) Registration and Transfer. The Issuer shall keep or cause to be kept at the principal corporate trust office of The Bank of New York, New York, New York (the "Paying Agent/Registrar"), books or records for the registration of the transfer and exchange of the Bonds (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make such registrations of transfers and exchanges under such reasonable regulations as the Issuer and Paying Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations, transfers and exchanges as herein provided. The Paying Agent/Registrar shall obtain and record in the Registration Books the address of the registered owner of each Bond to which payments with respect to the Bonds shall be mailed, as herein provided; but it shall be the duty of each registered owner to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. To the extent possible and under reasonable circumstances, all transfers of Bonds shall be made within three business days after request and presentation thereof. The Issuer shall have the right to inspect the Registration Books during regular business hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the Registration Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity. Registration of each Bond may be transferred in the Registration Books only upon presentation and surrender of such Bond to the Paying Agent/Registrar for exchange or transfer of registration and cancellation, together with proper written instruments of assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar, (i) evidencing the assignment of the Bond, or any portion thereof in any integral multiple of $5,000, to the assignee or assignees thereof, and (ii) the right of such assignee or assignees to have the Bond or any such portion thereof registered in the name of such assignee or assignees. A form of assignment shall be printed or endorsed on each Bond which shall be executed by the registered owner or its duly authorized attorney or representative to evidence an assignment thereof. Upon surrender of any Bonds or any portion or portions thereof for exchange or transfer of registration, an authorized representative of the Paying Agent/Registrar shall make such exchange or transfer in the Registration Books, and shall make notation of such exchange or transfer in the Assignment section appearing on each Bond to the assignee. The Issuer shall pay the Paying Agent/Registrars standard or customary fees and charges for making such transfer and delivery but the one requesting exchange or such transfer shall pay any taxes or other governmental 3