Res 1986-118 - Laserfiche WebLink

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Section 3.02. Payment Dates. The Issuer hereby instructs the Bank to pay the principal of and interest on the Bonds at the dates specified in the Bond Resolution. ARTICLE FOUR REGISTRAR Section 4.01. Transfer. (a) The Issuer shaH keep the Register at the Bank Office and, subject to such reasonable written regulations as the Issuer may prescribe (which regulations shaH be furnished the Bank herewith or subsequent hereto by Issuer Order), the Issuer shall provide for the registration and transfer of the Bonds. The Bank is hereby appointed "Registrar" for the purpose of registering and transferring the Bonds as herein provided. The Bank agrees to maintain the Register while it is Registrar. (b) The Registrar hereby agrees that at any time while any Bond is outstanding a Owner may deliver such Bond to the Registrar for transfer, accompanied by instructions from the Owner, or the duly authorized designee of the Owner, designating the person or entity, to whichsuch Bond is to be transferred and the addresses of such persons, and the Registrar shall thereupon, within not more than three (3) business days, enter such transfer upon the Registration Ledger appearing on the Bond and register and deliver such Bond or Bonds as provided in such instructions. The provisions of the Bond Resolution shaH control the procedures for transfer or exchange set forth herein to the extent such procedures are in conflict with the provisions of the Bond Resolution. (c) Every Bond surrendered for transfer or exchange shall be endorsed or be accompanied by a written instrument of transfer, the signature on which has been guaranteed by an officer of a federal or state bank or a member of the National Association of S~curities Dealers, in form satisfactory to the Bank, duly executed by the Owner thereof or his attorney duly authorized in writing. (d) Registrar may request any supporting documentation it feels necessary to effect are-registration. Section 4.02. Bonds. The Issuer shall provide an adequate inventory of unregistered Bonds to facilitate transfers as provided in the Bond Resolution. The Bank covenants that it wi11 maintain the unregistered Bonds in safekeeping and will use reasonable care in maintaining such unregistered Bonds in safekeeping, which shall be not less than the care it maintains for debt securities of other governments or corporations for which it serves as registrar, or which it maintains for its own securities. Section 4.03. Form of Register. (a) The Bank as Registrar will maintain the records of the Register in accordance with the Bank's general practices and procedures in effect from time to time. The Bank shall not be obligated to maintain such Register in any form other than a form which the Bank has currently available and currently utilizes at the time. -4-