RES 94045A - Laserfiche WebLink

Payment of interest on this Bond due on or before the maturity or prior redemption, thereof shall be made to the person in whose name such Bond is registered, as of the Record Date preceding the applicable Interest Payment Date, on the registration books kept by the Trustee at its corporate trust office, in San Francisco, California, such interest to be paid by check mailed by first class mail on such interest payment date to the registered owner at his address as it appears on such books, or, upon the written request from any Owner of any Bond in a denomination of, or Bonds aggregating, at least $1,000,000, received on or prior to the applicable Record Date, by.wire transfer. Interest on this Bond shall be payable in lawful money of the United States of America and shall be calculated on the basis of a 360- dayyear consisting of twelve 30-day months. This Bond is one of a duly authorized issue of bonds of the Authority designed as its "Pleasanton joint Powers Financing Authority Refunding Lease Revenue Bonds, 1994 Series B" (the "Bonds"), in the aggregate principal amount of dollars ($~, all of like tenor and date (except for such variations, if any, as may be required to designate varying numbers, maturities and interest rates), and is issued under and pursuant to the provisions of a trust agreement, dated as of May 1, .994 (the "Trust Agreement"), between the Authority and the Trustee (copies of which are on file at the office of the Secretary of the Authority and at the corporate trust office of the Trustee). The Bonds are issued to provide funds to refinance the cost of certain public capital improvements in the City of Pleasanton (the "City"). The Bonds are limited obligations of the Authority and are payable, as to interest thereon and principal solely from the revenues (the "Revenues") derived from lease payments (the "Lease Payments") paid by the City pursuant to a lease agreement, dated as of May 1, 1994 (the "Lease Agreement"), between the Authority and the City. All the Bonds are equally and ratably secured in accordance with the terms and conditions of the Trust Agreement by a pledge of the Revenues, which Revenues shall be held in trust for the security and payment of the interest oq principal of and redemption premiums, if any, on the Bonds as provided in the Trust Agreement. The Bonds shall be limited obligations of the Authority and shall be payable solely from the Revenues and amounts on deposit in the funds and accounts established under the Trust Agreement (other than amounts on deposit in the Rebate Fund). The City is authorized to enter into the Lease Agreement by the laws of the State of California. The City is entering into the Lease Agreement in order to lease from the Authority certain properly necessary or convenient for the governmental operations of the City (the "Project"). The obligations of the City to make Lease Payments under the Lease Agreement are obligations payable from the City's general fund or any other source of funds legally available to the City for the payment of Lease Payments. The obligation of the City to pay Lease Payments does not constitute an obligation of the City for which it is obligated to 9M16901M.LA1 A-2