RES 94045A - Laserfiche WebLink

Bonds whose consent is required for [he execution of any amendment of or supplement to the Trust Agreement, or (iii) modify any rights or obligationsof the Trustee without its prior written consent thereto. The Bonds aze authorized to be executed and delivered in the foml of fillly registered Bonds in denominations of five thousand dotlazs ($5,000) or any integral multiple thereof. This Bond is transferable or exchangeable by the Owner hereof in person or by the Owner's attorney duly authorized in writing, at [he principal corporate trust office of the Trustee in San Francisco, California, but only in the manner, subject [o the limitations and upon payment of the charges provided in the Trust Agreement, and upon surrender of this Bond for cancellation accompanied by delivery of a duly executed written instrument of transfer or exchange in a form approved by the Trustee. Upon such transfer or exchange, a new Bond or Bonds of authorized denominations of the same Maturity Date and interest rate and in the same aggregate principal amount hereof will be executed and delivered by the Authority and authenticated 6y the Trustee to the Owner thereof in exchange therefor. The Trustee shall require the payment by the Owner requesting such transfer or exchange of any tax or other governmental charge required to be paid with respect to such transfer or exchange. The Trustee may treat the Owner hereof as the absolute owner hereof for all purposes, whether or not this Bond shall be overdue, and the Trustee shall not be affected by any knowledge or notice to the contrary; and payment of the interest and principal and redemption premium, if any, evidenced by this Bond shall be made only tc such Owner, which payments shall be valid and effectual to satisfy and discharge liability evidenced by this Bond to the extent of the sum or sums so paid. The Trustee shall not be obligated to make any such registration of transfer or exchange of Bonds during the fifteen (15) day period prior to the date on which notice of redemption must be mailed pursuant to the Trust Agreement, or with respect to any Bond which has been selected for redemption pursuant to the Trust Agreement (except any unredeemed portion thereof). The Bonds are subject to redemption prior to the Maturity Date, upon notice as hereinafter described, as a whole on any date or in part on any Interest Payment Date (but not in a total redemption amount of less than $20,000 in principal at any one time) in an integral multiple of $5,000 by lo[, from prepared Installment Payments made by the City from funds received by the City due to a casualty loss or governmental taking of the Project or portions thereof by eminent domain proceedings, under the circumstances and upon the conditions and terms prescribed in the Trust Agreement and in the Installment Purchase Contracts, in inverse order of maturity and by lot within a maturity, at a redemption price equal to the sum of the principal amount to be redeemed plus interest acerued to the date fixed For redemption, without premium. Bonds maturing on or after May 1, are subject to redemption prior to their respective maturity dates as a whole, or in part (but no[ in a total redemption amount of less than $20,000), in inverse order of maturities and by lot within a maturity, from prepayments of the Installment Payments made at the option of the City pursuant to the TnstallmentContracts, on the Interest Payment Date with respect to which such prepayments shall have been made, at a A-3 9/06'lOIL.LAI