Laserfiche WebLink
(b) Interest shall accrue and be paid on each Bond from the later of the Bond Date or <br />the most recent Interest Payment Date to which interest has been paid or provided for, at the rate <br />per annum set forth below until the principal thereof has been paid on the maturity date specified <br />below or otherwise provided for. Such interest shall be payable semiannually on <br />and of each year, commencing , 20_, computed on the basis of a <br />360 -day year of twelve 30 -day months. <br />(c) The Bonds shall mature on <br />amounts <br />and shall bear interest at the rates set forth below: <br />Principal <br />Year Amount <br />in the years and in the principal <br />Interest <br />Rate <br />(d) The Bonds shall be subject to mandatory sinking fund redemption, optional <br />redemption, and extraordinary optional redemption prior to maturity as provided in Article IV, <br />and shall otherwise have the terms, tenor, denominations, details, and specifications as set forth <br />in the form of Bond set forth in Section 5.2. <br />Section 3.3. Conditions Precedent to Delivery of Bonds. <br />The Bonds shall be executed by the City and delivered to the Trustee, whereupon the <br />Trustee shall authenticate the Bonds and, upon payment of the purchase price of the Bonds, shall <br />deliver the Bonds upon the order of the City, but only upon delivery to the Trustee of: <br />(a) a certified copy of each Assessment Ordinance; <br />(b) a certified copy of the Bond Ordinance; <br />(c) a copy of the executed Financing Agreement and all amendments; <br />(d) a copy of the executed Reimbursement Agreement and all amendments; <br />(e) a copy of the Redemption Waiver Agreement; <br />(f) a copy of a Continuing Disclosure Agreement between the City and the <br />dissemination agent and a Continuing Disclosure Agreement between the Developer, the <br />Administrator and the dissemination agent thereunder; <br />(g) a copy of this Indenture executed by the Trustee and the City; <br />18 <br />