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RES 87418
City of Pleasanton
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RES 87418
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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their Payment Dates or on any dates of prepayment prior <br />thereto, except that the Owners thereof shall be entitled to <br />the principal, premium and interest represented by such <br />Certificates, and the City shall remain liable for such Base <br />Rental Payments, but only out of such moneys or securities <br />deposited with such fiduciary as aforesaid for such payment. <br /> <br /> (c) After the payment of all the interest and <br />principal represented by all Outstanding Certificates as <br />provided in this Section, the Trustee shall execute and <br />deliver to the Corporation and the City all such instruments <br />as may be necessary or desirable to evidence the discharge and <br />satisfaction of the Trust Agreement, and the Trustee shall pay <br />over or deliver to the City all moneys or securities held by <br />it pursuant hereto which are not required for the payment of <br />the interest and principal and premium, if any, evidenced and <br />represented by such Certificates. <br /> <br /> SECTION 10.02. Unclaimed Moneys. Anything <br />contained herein to the contrary notwithstanding, any moneys <br />held by the Trustee in trust for the payment and discharge of <br />the interest, premium, if any, or principal represented by any <br />of the Certificates which remain unclaimed for six (6) years <br />after the date when the payments represented by such <br />Certificates have become payable, if such moneys were held by <br />the Trustee at such date, or for six (6) years after the date <br />of deposit of such moneys if deposited with the Trustee after <br />the date when the interest, premium, if any, and principal <br />represented by such Certificates have become payable, shall at <br />the Written Request of the City be repaid by the Trustee to <br />the City as its absolute property free from trust, and the <br />Trustee shall thereupon be released and discharged with <br />respect thereto and the Owners shall look only to the City for <br />the payment of the interest and principal represented by such <br />Certificates; provided, however, that before being required to <br />make any such payment to the City, the Trustee may, at the <br />expense of the City, cause to be published once a week for two <br />(2) successive weeks in a Financial Newspaper a notice that <br />such moneys remain unclaimed and that after a date named in <br />such notice, which date shall not be less than thirty (30) <br />days after the date of the first publication of such notice, <br />the balance of such moneys then unclaimed will be returned to <br />the City. <br /> <br /> 46 <br />1451S <br /> <br /> <br />
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