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<br />ARTICLE XII <br />LAPSE OF PAYMENT <br /> <br />Section 12.01. Lapse of Payment. <br /> <br />(a) Unclaimed Payments shall be segregated in a special escrow account <br />and held in trust, uninvested, for the account of the Owner of the Certificates to <br />which the Unclaimed Payments pertain. <br /> <br />(b) Subject to any escheat, abandoned property or similar law, Unclaimed <br />Payments remaining unclaimed by the Owners entitled thereto for four years after <br />the applicable payment or redemption date shall be applied to the next payment or <br />payments on the Certificates thereafter coming due and, to the extent any such <br />money remains after the retirement of all outstanding Certificates, shall be paid to <br />the City to be used for any lawful purpose. Thereafter, neither the City, the Paying <br />Agent/Registrar nor any other person shall be liable or responsible to any Holders of <br />such Certificates for any further payment of such unclaimed moneys or on account <br />of any such Certificates, subject to any applicable escheat law or similar law. <br /> <br />ARTICLE XIII <br /> <br />AWARDING SALE OF THE CERTIFICATES OF OBLIGATION AND <br />APPROVAL OF OFFICIAL STATEMENT <br /> <br />Section 13.01. Awarding Sale of the Certificates. <br /> <br />¿ ,The Certificat s re h~r~by officially sold and awarded to fl-tttlen/¡¿¡1 IJacJe.. <br />,Jf:!t¡¡f¡fJe5 ::z:; c. till, '£ot:/ate5, at a price of 4tl/' , plus accrued <br />interest from t e date of the Certificates to the Clósing Date, and a premium of <br />$ -0- . <br /> <br />Section 13.02. Approval of Official Statement. <br /> <br />The form and substance of the Official Statement for the Certificates and <br />any addenda, supplement or amendment thereto (the "Official Statement"), are <br />hereby in all respects approved and adopted by the City Council. Said Official <br />Statement as thus approved, executed and delivered, with such appropriate <br />variations as thus approved may be used by said purchasers in the public offering and <br />sale of the Certificates. <br /> <br />ARTICLE XIV <br />PUBLIC MEETING AND EMERGENCY DECLARATION <br /> <br />Section 14.01. Public Meeting. <br /> <br />It is officially found, determined, and declared that the meeting at which this <br />Ordinance has been adopted was open to the public and public notice of the time, <br /> <br />2389f <br /> <br />-27- <br /> <br />..-. . <br />