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RES 87418
City of Pleasanton
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RES 87418
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10/26/2017 4:23:58 PM
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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SECTION 9.03. Endorsement or Replacement of <br />Certificates After Amendment or Supplement. After the <br />effective date of any action taken as hereinabove provided, <br />the Trustee may determine that the Certificates may bear a <br />notation by endorsement in form approved by the Trustee as to <br />such action, and in that case upon demand of the Owner of any <br />Outstanding Certificate and presentation of such Certificate <br />for such purpose at the principal corporate trust office of <br />the Trustee in San Francisco, California a suitable notation <br />as to such action shall be made on such Certificate. If the <br />Trustee shall so determine, new Certificates so modified as in <br />the opinion of the Trustee shall be necessary to conform to <br />such action shall be prepared, and in that case upon demand of <br />the Owner of any Outstanding Certificates such new <br />Certificates shall be exchanged at the principal corporate <br />trust office of the Trustee in San Francisco, California <br />without cost to each Owner for Certificates then Outstanding <br />upon surrender of such Outstanding Certificates. <br /> <br /> SECTION 9.04. Amendment by Mutual Consent. The <br />provisions of this Article shall not prevent any Owner from <br />accepting any amendment as to the particular Certificates <br />owned by him, provided that due notation thereof is made on <br />such Certificates. <br /> <br /> ARTICLE X <br /> DEFEASANCE <br /> <br /> SECTION 10.01. Discharge of Certificates and Trust <br />Agreement. (a) If the Trustee shall pay or cause to be paid <br />or there shall otherwise be paid to the Owners of all <br />Outstanding Certificates the interest and principal and <br />premium, if any, represented thereby at the times and in the <br />manner stipulated herein and therein, then such Owners shall <br />cease to be entitled to the pledge of and lien on the Base <br />Rental Payments as provided herein, and all agreements and <br />covenants of the Corporation, the City and the Trustee to such <br />Owners hereunder shall thereupon cease, terminate and become <br />void and shall be discharged and satisfied. <br /> <br /> (b) Any Outstanding Certificates shall be deemed to <br />have been paid within the meaning of and with the effect <br />expressed in subsection (a) of this Section if there shall be <br />on deposit with the Trustee, an escrow agent or other <br />fiduciary, in trust, moneys or securities of the category <br />specified in clauses (1) and (2) of the definition of the term <br />Permitted Investments contained in Section 1.01 in an amount <br />sufficient (together with the increment, earnings and interest <br />on such securities) to pay the interest and principal and <br />premium, if any, represented by such Certificates payable on <br /> <br /> 45 <br />1451S <br /> <br /> <br />
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