Agenda 07/25/2000 - Laserfiche WebLink

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limited by the terms of the Note, at a redemption price equal to 100% of the principal amount of the Note to be redeemed, plus interest accrued to the redemption date. The Note is hereby authorized to be issued under the City Charter and the Act. The Note shall bear interest from the date on which it is authenticated. Interest on the Note shall be computed on the basis of 30-day months and a 360-day year. Principal of, and interest on, the Note shall be payable in lawful money of the United States of America. Principal of and interest on the Note shall be payable at the principal office of the Paying Agent upon presentation and surrender of the Note on the Maturity Date. The Note shall be printed, lithographed or typewritten and shall be substantially in.. the form herein below set forth, with such appropriate variations, omissions and insertions as are permitted or required by this Ordinance, including such variations, insertiSns and omissions as shall be necessary to issue the Note under a system of book-entry for recording the ownership and transfer of ownership of rights to receive payments of principal of and interest on the Note and may have endorsed thereon such legends or text as may be necessary or appropriate to conform to any applicable rules and regulations of any governmental authority or any usage or requirement of law with respect thereto. If any principal of, or interest on, the Note is not paid when due (whether at maturity, by acceleration or call for redemption, or otherwise), then, to the extent permitted by law, the overdue installments of principal shall bear interest until paid at the same rate as set forth in the Note. The Note shall be signed by the facsimile or manual signature of the Mayor. The facsimile of the City's seal shall be printed thereon or manually impressed thereon and attested by the facsimile or manual signature of the Clerk. In case any officer whose signature or facsimile of whose signature shall appear on the Note shall cease to be such officer before delivery of the Note, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he remained in office until such delii, ery. The Note may bear the facsimile signature of or may be signed by such persons as at the actual time of the execution thereof shall be the proper officers to sign the Note although on the date of delivery of the Note such persons may not have been such officers. The Note shall bear a certificate of authentication, in the form set forth below, duly executed by the Registrar. The Registrar shall authenticate the Note with the signature of an authorized officer of the Registrar. Only the authenticated Note shall be entitled to any right or benefit under this Ordinance, and such certificate on the Note issued hereunder shall be conclusive evidence that the Note has been duly issued and is secured by the provisions hereof. The Paying Agent shall act as Registrar and shall maintain Registration Books for the registration and the registration of transfer of the Note. The City Treasurer is hereby designated 4