200906254 - Laserfiche WebLink

Browse

200900254 Section 7. Each of the 2009A Bonds shall be executed on behalf of the Corporation with the manual nr facsimile signatures of the President and Secretary and shall have the Corporation's seal affixed thereto or imprinted thereon. Subject to the provisions of Section 11 of this Article II, a supply of bond certificates for issuance upon subsequent transfers ar in the event of partial redemption shall also be so executed and delivered to the Trustee. In the event that such supply of bonds shall be insufficient to meet the requirements of the Trustee for issuance of replacement 2009A Bonds upon transfer or partial redemption, the Corporation agrees to order printed an additional supply of bond certificates and to direct their execution by manual or facsimile signature of its then duly qualified and acting President and Secretary and by having affixed thereto or imprinted thereon the Corporation's seal. In case any officer whose signature or facsimile thereof shall appear on any 2009A Bond shall cease to be such officer before the delivery of such 2009A Bond (including any 2009A Bonds delivered to the Trustee for issuance upon transfer or partial redemption), such signature or such facsimile signature shall nevertheless be valid and sufficient for all purposes the same as if such officer or officers had remained in office until the delivery of such 2009A Bond. Upon execution, registration and authentication of the 2009A Bands, they shall be delivered by the Trustee to the Underwriter, as initial purchaser thereof, upon receipt of $4,24S,3S0.00 plus accrued interest thereon to date of payment for the 2009A Bonds. Such purchase price takes into consideration Underwriter's discount in the amount of $64,650.00. Said initial purchaser shall have the right to direct the registration of the 2009A Bonds and the denominations thereof within each maturity, subject to the restrictions of this Indenture. Section $. Only such 2009A Bonds as shall have endorsed thereon a Certificate of Authentication substantially in the form hereinabove set forth, duly executed by the Trustee, shall be entitled to any right or benefit under this Indenture. No 2009A Bond shall be valid or obligatory for any purpose unless and until such Certificate of Authentication shall have been duly executed by the Trustee and such executed Certificate shall be conclusive evidence that such 2009A Bond has been authenticated under this Indenture. Section 9. In case any Bond issued hereunder shall become mutilated or destroyed or lost, the Corporation shall, if not then prohibited by law, cause to be executed, and the Trustee may authenticate and deliver a new bond certificate of like series, date, number, maturity and tenor in exchange and substitution for and upon cancellation of such mutilated band certificate, or in lieu of and in substitution for such lost bond certificate, upon the holder paying the reasonable expenses and charges of the Corporation and the Trustee in connection therewith, and, in case of a bond certificate destroyed or lost, such owner's filing with the Trustee evidence satisfactory to it that such band certificate was destroyed or lost, and of such owner's ownership thereof and furnishing the Corporation and the Trustee with indemnity satisfactory to them. Section 10. Additional series of Bonds, including Bonds issued for refunding purposes, having status and rank equal to any of the 2009A Bonds which are to remain outstanding after the issuance of such additional series of Bonds, which may be issued only if the lease rentals payable under the Lease- Purchase Agreement, as then amended, are and will be sufficient to meet the payments of principal and interest on all Bonds to be outstanding under the Indenture, from and after the issuance of such additional series of bonds, as the same fall due. Completion Bonds of up to $7,890,000 may be issued at any time and from time to time hereafter provided the supplemental indenture authorizing the issuance of such Completion Bonds shall require an amendment (which may be in the form of an addendum) to the Lease-Purchase Agreement to provide for an increase in the rental payments to the Trustee for the Bond Fund sufficient to cover the principal and interest on the Completion Bonds as the same fall due. Section 11. A.s initially issued the 2009A Bands shall be issued as "book-entry-only bonds" using the services of the Depository Trust Company (the "Depository"), with one typewritten bond per maturity being issued to the Depository. In such connection, the Corporation and the Trustee agree to l3