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Principal Interest Principal Interest <br /> Year Amounts Rate Year Amounts Rate <br /> 2018 2028 <br /> 2019 2029 <br /> 2020 2030 <br /> 2021 2031 <br /> 2022 2032 <br /> 2023 2033 <br /> 2024 2034 <br /> 2025 2035 <br /> 2026 2036 <br /> 2027 2037 <br /> Section 3.03. Medium, Method and Place of Payment. <br /> (a) The principal of, premium, if any, and interest on the Certificates shall be paid in <br /> lawful money of the United States of America as provided in this Section. <br /> (b) Interest on the Certificates shall be payable to the Owners whose names appear in the <br /> Register at the close of business on the Record Date; provided, however, that in the event of <br /> nonpayment of interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new <br /> record date for such interest payment (a "Special Record Date") will be established by the Paying <br /> Agent/Registrar if and when funds for the payment of such interest have been received from the City. <br /> Notice of the Special Record Date and of the scheduled payment date of the past due interest (the <br /> "Special Payment Date",which shall be at least 15 days after the Special Record Date)shall be sent <br /> at least five business days prior to the Special Record Date by United States mail,first-class postage <br /> prepaid, to the address of each Owner of a Certificate appearing on the books of the Paying <br /> Agent/Registrar at the close of business on the last business day next preceding the date of mailing <br /> of such notice. <br /> (c) Interest on the Certificates shall be paid by check(dated as of the Interest Payment <br /> Date)and sent by the Paying Agent/Registrar to the person entitled to such payment by United States <br /> mail,first class postage prepaid,to the address of such person as it appears in the Register or by such <br /> other customary banking arrangements acceptable to the Paying Agent/Registrar and the person to <br /> whom interest is to be paid;provided,however,that such person shall bear all risk and expenses of <br /> such other customary banking arrangements. <br /> San Marcos CTRCO 2017:Ordinance 7 <br />