|
information services; provided, however, that the failure to send, mail or receive such notice, or
<br /> any defect therein or in the sending or mailing thereof, shall not affect the validity or
<br /> effectiveness of the proceedings for the redemption of the Certificates. By the date fixed for any
<br /> such redemption due provision shall be made with the Paying Agent/Registrar for the payment of
<br /> the required redemption price for the Certificates. If due provision for such payment is made, all
<br /> as provided above, the Certificates thereby automatically shall be treated as redeemed prior to its
<br /> scheduled maturity, and it shall not bear interest after the date fixed for redemption, and it shall
<br /> not be regarded as being outstanding except for the right of the Registered Owner to receive the
<br /> redemption price from the Paying Agent/Registrar out of the funds provided for such payment.
<br /> ALL CERTIFICATES OF THIS SERIES are issuable solely as fully registered
<br /> certificates, without interest coupons, in the denomination of$5,000 and any integral multiple of
<br /> $5,000 in excess thereof. As provided in the Ordinance, this Certificate may, at the request of
<br /> the Registered Owner or the assignee or assignees hereof, be assigned, transferred, converted
<br /> into and exchanged for a like aggregate principal amount of fully registered certificate, without
<br /> interest coupons, payable to the appropriate Registered Owner, assignee or assignees, as the case
<br /> may be, having the same denomination or denominations of$5,000 and in any integral multiple
<br /> of $5,000 in excess thereof as requested in writing by the appropriate Registered Owner,
<br /> assignee or assignees, as the case may be, upon surrender of this Certificate to the Paying
<br /> Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the
<br /> Ordinance. Among other requirements for such assignment and transfer,this Certificate must be
<br /> presented and surrendered to the Paying Agent/Registrar, together with proper instruments of
<br /> assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar,
<br /> evidencing assignment of this Certificate or any portion or portions hereof in any denomination
<br /> of$5,000 and any integral multiple of $5,000 in excess thereof to the assignee or assignees in
<br /> whose name or names this Certificate or any such portion or portions hereof is or are to be
<br /> registered. The form of Assignment printed or endorsed on this Certificate may be executed by
<br /> the Registered Owner to evidence the assignment hereof, but such method is not exclusive, and
<br /> other instruments of assignment satisfactory to the Paying Agent/Registrar may be used to
<br /> evidence the assignment of this Certificate or any portion or portions hereof from time to time by
<br /> the Registered Owner. The Paying Agent/Registrar's reasonable standard or customary fees and
<br /> charges for assigning, transferring, converting and exchanging any Certificate or portion thereof
<br /> will be paid by the City. In any circumstance, any taxes or governmental charges required to be
<br /> paid with respect thereto shall be paid by the one requesting such assignment, transfer,
<br /> conversion or exchange, as a condition precedent to the exercise of such privilege. The Paying
<br /> Agent/Registrar shall not be required to make any such transfer, conversion, or exchange (i)
<br /> during the period commencing with the close of business on any Record Date and ending with
<br /> the opening of business on the next following principal or interest payment date, or (ii) with
<br /> respect to any Certificate or any portion thereof called for redemption prior to maturity, within
<br /> 45 days prior to its redemption date; provided, however, such limitation of transfer shall not be
<br /> applicable to an exchange by the Registered Owner of the unredeemed balance of the
<br /> Certificates.
<br /> WHENEVER the beneficial ownership of this Certificate is determined by a book entry
<br /> at a securities depository for the Certificate, the foregoing requirements of holding, delivering or
<br /> transferring this Certificate shall be modified to require the appropriate person or entity to meet
<br /> the requirements of the securities depository as to registering or transferring the book entry to
<br /> produce the same effect.
<br /> SAN n4ARCOS\2024 Ordinance
<br />
|