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JOINT POWERS FINANCING AUTHORITY AGENDA PACKET 9-15-26
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JOINT POWERS FINANCING AUTHORITY AGENDA PACKET 9-15-26
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9/9/2026 12:16:09 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
9/15/2026
DESTRUCT DATE
15Y
DOCUMENT NAME
JOIN T POWERS FINANCING AUTHORITY AGENDA PACKET
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<br />-17- <br />Depository and others in appropriate amounts; and whenever the Depository requests, the <br />Trustee and the Authority shall cooperate with the Depository in taking appropriate action (y) to <br />make available one or more separate certificates evidencing the Bonds to any Depository <br />System Participant having Bonds credited to its account with the Depository, or (z) to arrange <br />for another Securities Depository to maintain custody of a single certificate evidencing such <br />Bonds, all at the Authority’s expense. <br /> <br />(d) Payments to the Nominee. Notwithstanding any other provision of this Indenture <br />to the contrary, so long as any Bond is registered in the name of the Nominee, all payments with <br />respect to principal of and interest and premium, if any, on such Bond and all notices with <br />respect to such Bond shall be made and given, respectively, as provided in the letter described <br />in subsection (b) of this Section or as otherwise instructed by the Depository. <br /> <br />SECTION 2.06. Bond Registration Books. The Trustee will keep or cause to be kept, <br />at the Principal Corporate Trust Office of the Trustee, sufficient records for the registration and <br />transfer of ownership of the Bonds, which shall upon reasonable notice as agreed to by the <br />Trustee, be open to inspection during regular business hours by the Authority; and, upon <br />presentation for such purpose, the Trustee shall, under such reasonable regulations as it may <br />prescribe, register or transfer or cause to be registered or transferred, on such records, the <br />ownership of the Bonds as hereinbefore provided. <br /> <br />SECTION 2.07. Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond is mutilated, <br />the Authority, at the expense of the Owner of such Bond, shall execute, and the Trustee shall <br />thereupon authenticate and deliver, a new Bond of like tenor in exchange and substitution for <br />the Bond so mutilated, but only upon surrender to the Trustee of the Bond so mutilated. The <br />Trustee shall cancel every mutilated Bond surrendered to it and deliver such mutilated Bond to, <br />or upon the order of, the Authority. If any Bond is lost, destroyed or stolen, evidence of such <br />loss, destruction or theft may be submitted to the Trustee and, if such evidence is satisfactory <br />and if indemnity satisfactory to the Trustee is given, the Authority, at the expense of the Owner, <br />shall execute, and the Trustee shall thereupon authenticate and deliver, a new Bond of like <br />tenor in lieu of and in substitution for the Bond so lost, destroyed or stolen. The Trustee may <br />require payment of a sum not exceeding the actual cost of preparing each new Bond issued <br />under this Section and of the expenses which may be incurred by the Trustee in connection <br />therewith. Any Bond issued under the provisions of this Section in lieu of any Bond alleged to <br />be lost, destroyed or stolen will constitute an original additional contractual obligation on the part <br />of the Authority whether or not the Bond so alleged to be lost, destroyed or stolen be at any time <br />enforceable by anyone, and shall be equally and proportionately entitled to the benefits of this <br />Indenture with all other Bonds issued under this Indenture. <br /> <br />Notwithstanding any other provision of this Section, in lieu of delivering a new Bond for <br />which principal has become due for a Bond which has been mutilated, lost, destroyed or stolen, <br />the Trustee may make payment of such Bond in accordance with its terms upon receipt of <br />indemnity satisfactory to the Trustee. <br /> <br />Page 33 of 205
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