Agenda 11/14/2000 - Laserfiche WebLink

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the City shall execute and the Registrar shall authenticate and deliver, in exchange of the Bond, a new registered Bond registered in the name of the transferee of the same series, maturity and interest rate as the Bond so exchanged in any denomination or denominations authorized by this Ordinance. The Registrar shall not be required to make any such registration or registration of transfer during the fifteen (15) days immediately preceding any Interest Payment Date or a redemption date. Prior to due presentment for registration of transfer for the Bond, the Registrar shall treat the registered holder as the person exclusively entitled to payment of principal of; premium, if any, and interest on, the Bond and the exercise of all other rights and powers of the Holder. If the Bond has been mutilated, lost or destroyed, the City shall execute and the Registrar shall authenticate and deliver a new Bond of like date and tenor in exchange or substitution for, and upon cancellation of; such mutilated Bond or in lien of and in substitution for such lost or destroyed Bond; provided, however, that the City and the Registrar shall execute, authenticate and deliver such Bond only if the Holder has paid the reasonable expenses and charges of the City and the Registrar in connection therewith and, in the case of a lost or destroyed Bond, has furnished to the City and the Registrar (a) evidence satisfactory to them that such Bond was lost or destroyed and the Holder was the Owner thereof and (b) indemnity satisfactory to them. If the Bond has matured, instead otissuing a new Bond, the Registrar may pay the same without surrender thereof upon receipt of the aforesaid evidence and indemnity. If the Bond has been paid (whether at maturity, by acceleration or otherwise) or delivered to the Paying Agent for cancellation, the Bond shall not be reissued and the Registrar shall, unless othenvise directed by the City, cremate, shred or otherwise dispose of the Bond. The Registrar shall deliver to the City a certificate of any such cremation, shredding or other disposition of the Bond. The Bond, the Certificate of Authentication and the provision for the assignment to be inserted in the Bond shall be substantially in the following form, with such appropriate variations, omissions or insertions as may be approved by the Mayor, whose approval thereof shall be conclusively evidenced by the execution, delivery, or acceptance of such Bond by the Mayor with such variations, omissions or insertions, and may have endorsed thereon such legend or text as may be necessary or appropriate to conform to any applicable roles and regulations of any governmental authority or any usage or requirement of law with respect thereto.