02 GO Refunding Bond Ordinance - Laserfiche WebLink

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and the Paying AgenffRegistrar shall make such transfers and registrations as hereto provided. The Paying AgenffRegistrar shall obtain and record in the Registration Books the address of the registered oxvner of each Bond to xvhich payments xvith respect to the Bonds shall be mailed, as hereto provided; but it shall be the duty of each registered oxvner to notify the Paying Agent/Registrar in xvriting of the address to xvhich payments shall be mailed, and such interest payments shall not be mailed unless such notice has been given. The Issuer shall have the right to inspect the Registration Books during regular business hours of the Paying Agent/Registrar, bm otherxvise the Paying AgenffRegistrar shall keep the Registration Books confidential and, unless otherxvise required by lmv, 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 AgenffRegistrar for transfer of registration and cancellation, together xvith proper xvritten instruments of assigmnent, in form and xvith guarantee of signatures satisfactory to the Paying Agent/Registrar, (i) evidencing the assigmnent 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. Upon the assignment and transfer of any Bond or any portion thereof, a nexv substitute Bond or Bonds shall be issued in conversion and exchange therefor in the manner herein provided. The Imtial Bond, to the extent of the unpaid or unredeemed principal balance thereof, may be assigned and transferred by the initial registered oxvner thereof once only, and to one or more assignees designated in xvriting by the imtial registered oxvner thereof. All Bonds issued and delivered in conversion of and exchange for the Imtial Bond shall be in any denomination or denominations of any integral multiple of $5,000 (subject to the requirement hereinafter stated that each substitute Bond shall have a single stated principal maturity date), shall be in the form prescribed in the FORM OF SUBSTITUTE BOND set forth in this Ordinance, and shall have the characteristics, and may be assigned, transferred, and convened as hereinafter provided. If the Imtial Bond or any portion thereof is assigned and transferred or convened the Imtial Bond must be surrendered to the Paying AgenffRegistrar for cancellation, and each Bond issued in exchange for any portion of the Imtial Bond shall have a single stated principal maturity date, and shall not be payable in installments; and each such Bond shall have a principal maturity date corresponding to the due date of the installment of principal or portion thereof for xvhich the substitute Bond is being exchanged; and each such Bond shall bear interest at the single rate applicable to and bome by such installment of principal or portion thereof for xvhich it is being exchanged. If only a portion of the Imtial Bond is assigned and transferred, there shall be delivered to and registered in the name of the imtial registered oxvner substitute Bonds in exchange for the unassigned balance of the Imtial Bond in the same manner as if the imtial registered oxvner xvere the assignee thereof. If any Bond or portion thereof other than the Initial Bond is assigned and transferred or convened each Bond issued in exchange shall have the same principal maturity date and bear interest at the same rate as the Bond for xvhich it is exchanged. A form of assigmnent shall be printed or endorsed on each Bond, excepting the Initial Bond, xvhich shall be executed by the registered oxvner or its duly authorized attomey or representative to evidence an assignment thereof. Upon surrender of any Bonds or any portion or portions thereof for transfer of registration, an authorized representative of the Paying Agent/Registrar shall make such transfer in the Registration Books, and shall deliver a nexv fully registered substitute Bond or Bonds, having the characteristics herein described, payable to such assignee or assignees (xvhich then xvill be the registered oxvner or oxvners of such nexv Bond or Bonds), or to the previous registered oxvner in case only a portion of a Bond is being assigned and transferred, all in conversion of and exchange for said assigned Bond or Bonds or any portion or portions thereof, in the same form and manner, and xvith the same effect, as provided in Section 6(d), beloxv, for the conversion and exchange of Bonds by any registered oxvner of a Bond. The Issuer shall pay the Paying Agent/Registrar's standard or customary fees and charges for making such transfer and delivery of a substitute Bond or Bonds, bm the one requesting such transfer shall pay any taxes or other govemmental charges required to be paid