201103788 - Laserfiche WebLink

Browse

2011037�5 Maturing on November 1 of Year 2011 2012 2013 2014 2015 Principal Amount $710,000 760,000 765,000 775,000 785,000 Interest Rate Per Annum 0.450% 0.800 1.100 1.400 1.850 Interest on the Refunding Bonds, at the respective rates for each maturity, shall be payable on May 1 and November 1 of each year commencing November 1, ZO11 (each of said dates an "Interest Payment Date") and the Refunding Bonds shall bear such interest from the date of original issue or the most recent Interest Payment Date, whichever is later. The interest due on each Interest Payment Date shall be payable to the registered owners of record as of the fifteenth day of the month immediately preceding the month in which the Interest Payment Date occurs (the "Record Date"), subject to the provisions of Section 2.04 of this Article II. The Refunding Bonds sha.11 be numbered from R-1 upwards in the order of their issuance. No Refunding Bonds sha11 be issued originally or upon transfer or partial redemption having more than one principal maturity. The initial bond numbering and principal amounts for each of the Refunding Bonds issued sha11 be designated by the Trustee as directed by the initial purchaser thereof. Payments of interest due on the Refunding Bonds shall be ma.de by the Trustee by mailing a check or draft in the amount due for such interest on each Interest Payment Date to the registered owner of each Refunding Bond, as of the Record Date for such Interest Payment Date, to such owner's registered address as shown on the books of registration as required to be maintained in Section 2.03 of this Article II. Payments of principal due at ma.turity or at any date fixed for redemption prior to ma.turity shall be made by the Trustee to the registered owners upon presentation and surrender of the Refunding Bonds to the Trustee at the Designated Offce. The Corporation and the Trustee may treat the registered owner of any Refunding Bond as the absolute owner of such Refunding Bond for the purpose of making payments thereon and for a11 other purposes and neither the Corporation nor the Trustee shall be affecte� by any notice or knowledge to the contrary, whether such Refunding Bond or any installment of interest due thereon shall be overdue or not. All payments on account of interest or principal made to the registered owner of any Refunding Bond in accordance with the terins of this Indenture shall be valid and effectual and sha.11 be a discharge of the Corporation and the Trustee, in respect of the liability upon the Refunding Bonds or claims for interest to the extent of the sum or sums so paid. Section 2.03. The Trustee shall keep and maintain for the Corporation books for the registration and transfer of the Refunding Bonds at the Designated Office. The names and registered addresses ofthe registered owner or owners ofthe Refunding Bonds sha11 at all times be recorded in such books. Any Refunding Bond may be transferred pursuant to its provisions at the Designated Office of the Trustee by surrender of such Refunding Bond for cancellation, accompanied by a written instrument of transfer, in form satisfa.ctory to the Trustee, duly executed by the registered owner in person or by such owner's duly authorized agent, and thereupon the Trustee on behalf of the Corporation will deliver at the Designated Office (or send by registered mail to the transferee owner or owners at such transfaree owner's or owners' risk and expense), registered in the name of such transferee owner or owners, a new Refunding Bond or Refunding 7