Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> due date of the installment of principal of this Bond or <br /> portion hereof for which the substitute bond is being <br /> exchanged, and shall bear interest at the rate applicable to <br /> and borne by such installment of principal or portion <br /> thereof. Such bonds, respectively, shall be subject to <br /> redemption prior to maturity on the same dates and for the <br /> same prices as the corresponding installment of principal of <br /> this Bond or portion hereof for which they are being ex- <br /> changed. No such bond shall be payable in installments, but <br /> shall have only one stated principal maturity date. AS <br /> PROVIDED IN THE BOND ORDINANCE, THIS BOND IN ITS PRESENT <br /> FORM MAY BE ASSIGNED AND TRANSFERRED OR CONVERTED ONCE ONLY, <br /> and to one or more assignees, but the bonds issued and de- <br /> livered in exchange for this Bond or any portion hereof may <br /> be assigned and transferred, and converted, subsequently, as <br /> provided in the Bond Ordinance. The Issuer shall pay the <br /> Paying Agent/Registrar's standard or customary fees and <br /> charges for transferring, converting, and exchanging this <br /> Bond or any portion thereof, but the one requesting such <br /> transfer, conversion, and exchange shall pay any taxes or <br /> governmental charges required to be paid with respect <br /> thereto. The Paying Agent/Registrar shall not be required <br /> to make any such assignment, conversion, or exchange (i) <br /> during the period commencing with the close of business on <br /> any Record Date and ending with the opening of business on <br /> the next following principal or interest payment date, or, <br /> (ii) with respect to any Bond or portion thereof called for <br /> prepayment or redemption prior to maturity, within 45 days <br /> prior to its prepayment or redemption date. <br /> IN THE EVENT any Paying Aqent/Registrar for this Bond <br /> is changed by the Issuer, resigns, or otherwise ceases to <br /> act as such, the Issuer has covenanted in the Bond Ordinance <br /> that it promptly will appoint a competent and legally <br /> qualified substitute therefor, and promptly will cause <br /> written notice thereof to be mailed to the registered owner <br /> of this Bond. <br /> ZT IS HEREBY certified, recited, and covenanted that <br /> this Bond has been duly and validly authorized, issued, <br /> sold, and delivered; that all acts, conditions, and things <br /> required or proper to be performed, exist, and be done pre- <br /> cedent to or in the authorization, issuance, and delivery of <br /> this Bond have been performed, existed, and been done in <br /> accordance with law; that this Bond is a special obligation; <br /> and that the interest on and principal of this Bond, are <br /> payable from, and secured by a prior first lien on and <br /> pledge of the Pledged Revenues of the Issuer's combined <br /> Waterworks and Sewer System, being a pledge of the "Pledged <br /> Revenues", as defined in the Bond Ordinance, which Pledged <br /> Revenues, include initially the "Net Revenues" of the <br /> "System" as such terms are defined in the Bond Ordinance <br /> Ordinance with the "System" initially consisting of the <br /> 7 <br />