Ord 1984-033 - Laserfiche WebLink

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the later of the Initial Date, or the most recent interest payment date to which interest has been paid or duly provided for, at the following rates per annum: Certificates maturing 1986 through , ¡ Certificates maturing through ---' ¡ Certificates maturing through , ¡ Certificates maturing through --' ¡ Certificates maturing through , ¡ Certificates maturing through , ¡ Certificates maturing through --' ¡ Certificates maturing through , ¡ Certificates maturing through ~ , ¡ Certificates maturing through --' ¡ Certificates maturing through --' ¡ Certificates maturing through --' ¡ Certificates maturing through , %¡ Certificates maturing through '-- %¡ Certificates maturing through, %¡ Certificates maturing through, % ¡ Certificates maturing ------ through, ------ %¡ Certificates maturing through ------' %¡ Certificates maturing through --' % ¡ with said interest to be payable on February 1,1985, and semiannually thereafter on each August 1 and February 1. Section 4. PAYMENT. Interest on any Certificate shall be paid to the person in whose name that Certificate (or one or more predecessor Certificates) is registered at the close of business on the 15th day of the month next preceding such interest payment date (the "Record Date") ¡ provided, however, that in the event of non- payment 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 (hereinafter defined and designated) 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 shall be 15 days after the Special Record Date) shall be sent at least 5 business days prior to the Special Record Date by Uni ted Stated mail, first class postage prepaid, to the address of each Holder of a Certificate appearing on the books of the Paying Agent/Registrar at the close of business on the last business day preceding the date of mailing of such notice. Principal on any Certificate shall be paid to the person in whose name such Certificate is registered at the maturity thereof, or upon redemption prior to maturity, as applicable, upon surrender of such Certificate to the Paying Agent/Registrar for cancellation. All payments of pr incipal of, premium, if any, and interest on the Certificates shall be in lawful money of the united States of America, and shall be paid by check mailed by the Paying Agent/Registrar on or prior to the appropriate date of payment to the person entitled to such payment, by United States mail, first class postage prepaid, at the address of such person as same appears in the Registration Books (as hereinafter defined) 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 shall bear all risk and expense of such customary banking arrangements. Section 5. PAYING AGENT /REGISTRAR¡ REGISTRATION BOOKS. (a) Paying Agent Registrar. The selection of The American National Bank of Austin, Austin, Texas, to serve as Paying Agent/Registrar for the Certificates is hereby approved and confirmed. -2-