Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> and procedures set forth in the Certificate of Obligation Ordinance. If this Certificate of <br /> Obligation or any portion hereof is assigned and transferred or converted each certificate <br /> of obligation issued in exchange for any portion hereof shall have a single stated principal <br /> maturity date corresponding to the due date of the installment of principal of this Certificate <br /> of Obligation or portion hereof for which the substitute certificate of obligation is being <br /> exchanged, and shall bear interest at the rate applicable to and borne by such installment <br /> of principal or portion thereof. Such certificates of obligation, respectively, shall be subject <br /> to redemption prior to matwity on the same dates and for the same prices as the <br /> corresponding installment of principal of this Certificate of Obligation or portion hereof for <br /> which they are being exchanged. No such certificate of obligation shall be payable in <br /> installments, but shall have only one stated principal maturity date. AS PROVIDED IN <br /> THE CERTIFICATE OF OBLIGATION ORDINANCE, THIS CERTIFICATE OF <br /> OBLIGATION IN TTS PRESENT FORM MAY BE ASSIGNED AND TRANSFERRED <br /> OR CONVERTED ONCE ONLY, and to one or more assignees, but the certificates of <br /> obligation issued and delivered in exchange for this Certificate of Obligation or any portion <br /> hereof may be assigned and transferred, and converted, subsequently, as provided in the <br /> Certificate of Obligation Ordinance. The Issuer shall pay the Paying Agent/Registrar's <br /> standard or customary fees and charges for transferring, converting, and exchanging this <br /> Certificate of Obligation or any portion thereof, but the one requesting such transfer, <br /> conversion, and exchange shall pay any taxes or govemmental charges required to be paid <br /> with respect thereto. The Paying Agent/Registrar shall not be required to make any such <br /> assignment, conversion, or exchange (i) during the period commencing with the close of <br /> business on any Record Date and ending with the opening of business on the next following <br /> principal or interest payment date, or, (ii) with respect to any Certificate of Obligation or <br /> portion thereof called for prepayment or redemption prior to maturity, within 45 days prior <br /> to its prepayment or redemption date. <br /> <br /> IN THE EVENT any Paying Agent/Registrar for this Certificate of Obligation is <br /> changed by the Issuer, resigns, or otherwise ceases to act as such, the Issuer has covenanted <br /> in the Certificate of Obligation Ordinance that it promptly will appoint a competent and <br /> legally qualiSed substitute therefor, and promptly will cause written notice thereof to be <br /> mailed to the registered owner of this Certificate of Obligation. <br /> <br /> TT IS HEREBY certified, recited, and covenanted that this Certificate of Obligation <br /> has been duly and validly authorized, issued, and delivered; that all acts, conditions, and <br /> things required or proper to be performed, earist, and be done precedent to or in the <br /> authorization, issuance, and delivery of this Certificate of Obligation have been performed, <br /> eldsted, and been done in accordance with law; that this Certificate of Obligation is a general <br /> obligation of the Issuer, issued on the full faith and credit thereof; and that ad valorem taxes <br /> sufficient to provide for the payment of the interest on and principal of this Certificate of <br /> Obligation, as such interest comes due, and as such principal matures, have been levied and <br /> ordered to be levied against all taxable property in the Lssuer, and have been pledged for <br /> such payment, within the limit prescn'bed by law, and that this Certificate of Obligation is <br /> additionally secured from limited surplus revenues of the Issuer's Waterworks and Sewer <br /> <br /> 8 <br />