Res 1985-031 - Laserfiche WebLink

Home Browse Search

Section 3.02. Payment Oates. The Issuer hereby instructs the Ban k to pay the princ~pal of and interest on the Securities at the dates specified in the Bond Resolution. ARTICLE FOUR REGISTRAR Section 4.01. Transfer and Exchange. The Issuer shall keep at the Bank Office a register (herein sometimes referred to as the "Security Register") in which, subject to such reasonable written regulations as the Issuer may prescribe (which regulations shall be furnished the Bank herewith or subsequent hereto by Issuer Order), the Issuer shall provide for the registration of Securities and of transfer of Securit i es. The Bank i s hereby aopoi nted IIRegi strar" for the purpose of registering Securities and transfer of Securities as herein provided. The Bank agrees to maintain the Security Register while it is Registrar. Every Security surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument or transfer, the sig- nature on which has been guaranteed by an officer of a federal or state bank or a member of the National Association of Securities Dealers, in form sat i sfactory to the Bank, duly executed by the Holder thereof or his attorney duly authorized in writing. Registrar may request any supporting documentation it feels necessary to effect are-registration. Section 4.02. Cert ifi cates. The Issuer sha 11 provide an adequate inventory of Securities cer- tificates to facilitate transfers. The Bank covenants that it will maintain Securities certificates in safekeeping and will use reasonable care in maintaining such Securities 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 Security Register The Bank as Registrar wi 11 maintain the records of the Security Register in accordance with the Bank's general practices and procedures in effect from time to time. The Bank shall not be obìigated to maintain such Register in any form other than those which the Bank has currently available and currently utilizes at the time. The Securities Register may be maintained in written form or in any other form capable of being converted into written form within a reasonable time. 01073210/0004.0.0