200510856 - Laserfiche WebLink

Browse

200510855 which Payments have been assigned to the Trustee under a Trust Indenture and Security Agreement, dated as of October 1, 2005 (the "Indenture "), under which this bond is issued, the provisions of which Indenture govern the rights of the holders of the bonds of this issue. The Payments are sufficient in amount to pay the principal of and interest on the bonds of this issue. The Agreement provides, among other things, that the Payments have been assigned to and shall be made directly to the Trustee, that the City shall maintain the Project or cause the Project to be maintained and that loss or damage thereto shall not reduce the Payments to be made by the City. The Corporation, however, reserves the right and option of paying bonds of this issue maturing on or after November 1, 2010, in whole or in part, on the fifth anniversary of the date of original issue or at any time thereafter, at a redemption price equal to the principal amount thereof plus accrued interest to the date fixed for redemption. Notice of redemption shall be given by mail, sent to the registered owner of any bond to be redeemed at said registered owner's address in the manner provided in the Indenture authorizing said bonds. Individual bonds may be redeemed in part but only in $5,000 amounts or integral multiples thereof. This bond is transferable by the registered owner or such owner's attorney duly authorized in writing at the designated corporate trust office of the Trustee (initially in Lincoln, Nebraska, but subject to change as permitted under the terms of the Indenture) upon surrender and cancellation of this bond, and thereupon a new bond or bonds of the same aggregate principal amount, interest rate and maturity will be issued to the transferee as provided in the Indenture, subject to the limitations therein prescribed. The Corporation, the Trustee and any other person may treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment due hereunder and for all purposes and shall not be affected by any notice to the contrary, whether this bond be overdue or not. If the day for payment of the principal of or interest on this bond shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in the city where the designated corporate trust office of the Trustee is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and payment on such day shall have the same force and effect as if made on the nominal date of payment. This bond shall not be valid for any purpose until the Certificate of Authentication hereon shall have been signed by the Trustee. AS PROVIDED IN THE INDENTURE REFERRED TO HEREIN, UNTIL THE TERMINATION OF THE SYSTEM OF BOOK - ENTRY -ONLY TRANSFERS THROUGH THE DEPOSITORY TRUST COMPANY, NEW YORK, NEW YORK (TOGETHER WITH ANY SUCCESSOR SECURITIES DEPOSITORY APPOINTED PURSUANT TO THE INDENTURE, "DTC "), AND NOTWITHSTANDING ANY OTHER PROVISIONS OF THE INDENTURE TO THE CONTRARY, A PORTION OF THE PRINCIPAL AMOUNT OF 10