RES 94045A - Laserfiche WebLink

registered Bond or Bonds, of the same aggregate principal amount, interest rate and maturity as the surtendered Bond. The Bonds are delivered in the form of fully registered Bonds in denominations of $5,000 each or any integral multiple thereof. Subsequent to a redemption affecting all or a portion of the Bonds, the Owner of any Bond which has been redeemed in part may be issued one or more Bonds not evenly divisible by $5,000. Bonds, upon surcender thereof at the Principal Office of the Trustee with a written request of exchange satisfactory to the Trustee duly executed bytfie Owner or his attorney duly authorized in writing, may, at the option of the Owner thereof, be exchanged for an equal aggregate principal amount of Bonds of any other authorized denominations, of the same maturity. The Trustee has no obligations or liabilities to the Owners for the payment of Lease Payments by the City when due. The Trustee s sole obligations aze to administer, for the benefit of the City, the Authority, and the Bond Owners, the various funds and accounts established in the Trust Agreement. This Bond shall not be entitled to any benefit, protection or security under the Trust Agreement or become valid or obligatory for any purpose until certificate of authentication and registration hereon endorsed shall have been manually executed and dated by the Trustee. It is hereby certified that all acts and proceedings required by law necessary to make this Bond, when executed by the Authority, authenticated and delivered by the Trustee and duly issued, the valid, binding and legal limited obligation of the Authority have been done and taken, and have been in all respects duly authorized. A-5 94069f1IM.LA1