Ord 1988-018 - Laserfiche WebLink

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DOLLARS and to pay interest on such principal amount from the latter of the Original Issue Date specified above or the most recent interest payment date to which interest has been paid or provided for until payment of such principal amount has been paid or provided for, at the per annum rate of interest specified above, computed on the basis of a 360-day year of twelve 30-day months, such interest to be paid semiannually on January 1 and July 1 of each year, commencing January 1, 1989. The principal of this Bond shan be payable without exchange or conection charges in lawful money of the United States of America upon presentation and surrender of this Bond at the principal corporate trust office of the Paying Agent/ Registrar executing the registration certificate appearing hereon. Interest on this Bond is payable by check dated as of the interest payment date, mailed by the Paying Agent/Registrar to the registered owner at the address shown on the registration books kept by the Paying Agent/Registrar or by such other customary banking arrangements acceptable to the Paying Agent/Registrar and the person to whom interest is to be paid; provided, however, that such person shan bear an risk and expenses of such customary banking arrangements. For the purpose of the payment of interest on this Bond, the registered owner shan be the person in whose name this Bond is registered at the close of business on the "Record Date," which shan be the 15th calendar day of the month next preceding such interest payment date; provided, however, that in the event of nonpayment of interest on a scheduled interest payment date, and for 30 days thereafter, a new record date for such interest payment (the "Special Record Date") will be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the "Special Payment Date", which shan be 15 days after the Special Record Date) shall be sent at least 5 business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of each Holder of a Bond appearing on the books of the Paying Agent/Registrar at the close of business on the last business day preceding the date of mailing such notice. Reference is hereby made to the further provisions of this Bond set forth on the reverse side hereof, and such further provisions shan for an purposes have the same effect as if set forth on the face hereof. * If a date for the payment of the principal of or interest on the Bonds is a Saturday, Sunday, legal holiday, or a day on which banking institutions in the City in which the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shan be the next succeeding day which is not a Saturday, Sunday, legal holiday, or day on which such banking institutions are authorized to close; and payment on such date shan have the same force and effect as if made on the original date payment was due. * This Bond is one of a series of funy registered bonds specified in the title hereof issued in the aggregate principal amount of $1,320,000 (herein referred to as 2387f -15-