RES 94045A - Laserfiche WebLink

ARTICLE V TERMS AND PROVISIONS OF THE BONDS Section SOI. Preparation of Bonda. The Authority hereby authorizes the Bonds in the aggregate principal amount of $ which Bonds shall be secured solely by the Revenues, which Revenues consist of the aggregate Lease Payments and other amounts payable by the City under the Lease Agreement. The Bonds shall be designated "Pleasanton Joint Powers Financing Refunding Lease Revenue Bonds, 1994 Series B." Section 502. Denominations, Medium, Method and Place of Payment and Dating of Bonds. The Bonds shall be prepared in the form of fully registered Bonds in denominations of five thousand dollars ($5,000) or any integral multiple thereof. The interest, principal and prepayment premiums, if any, on the Bonds shall be payable in lawful money of the United States of America. Subject to the provisions of Section 511 hereof, interest on the Bonds shall be payable on their Payment Dates by check mailed via first class mail on the Payment Date by the'frustee to the respective Owners thereof as of the Record Dale at their addresses as they appeaz in the books required to be kept by the Trustee pursuant to the provisions of Section 507 hereof or, upon the written request from any Owner of any Bond in a denomination of, or Bonds aggregating, at least $1,000,000 in principal amount, received on or prior to the fifteenth day of the month preceding an applicable Payment Date, by wire in Federal Reserve funds on the Payment Date, with regard to which such payment is made. The principal of the Bonds shall be payable on May 1 in each of the yeazs and in the principal amounts as follows, or on redemption prior thereto, upon surrender thereof at the principal corporate trust office of the Trustee in San Francisco, California: Year Principal Interest Ma 1 mount Rate 19 44069aIM.LA1