Ord 2007-035 - Laserfiche WebLink

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Year Principal Amount Interest Rate Year Principal Amount Interest Rate 2008 $620,000 4.250% 2018 $640,000 4.375% 2009 435,000 4.250% 2019 665,000 4.400% 2010 460,000 4.250% 2020 695,000 4.500% 2011 480,000 4.250% 2021 730,000 4.600% 2012 500,000 4.250% 2022 765,000 4.625% 2013 520,000 4.250% 2023 800,000 4.650% 2014 540,000 4,250% 2024 835,000 4.700% 2015 565,000 4,250% 2025 870,000 4.750% 2016 590,000 4.250% 2026 915,000 4.750% 17 2 0 00 610 0 0 25 /o Section 3.03. Medium Method and Place of Payment. (a) The principal of, prerruum, if any, and interest on the Certificates shall be paid in lawful money of the United States of America as provided in this Section. (b) Interest on the Certificates shall be payable to the Owners whose names appear in the Register at the close of business on the Record Date; provided, however, that in the event of nonpayment of interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date") will be established by the Paying Agent/Registrar 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 at least 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of each Owner of a Certificate appearing on the books of the Paying AgentlRegistrar at the close of business on the last business day next preceding the date of mailrng of such notice, (c) Interest on the Certificates shall be paid by check (dated as of the Interest Payment Date) and sent by the Paying Agent/Registrar to the person entitled to such payment by United States mail, first class postage prepaid, to the address of such personas it appears in the Register or by such other customary banking arrangements acceptable to the Paying Agent/Registrarand the person to whom interest is to be paid; provided, however, that such person shall bear all risk and expenses of such other customary banking arrangements. (d) The principal of each Certificate shall be paid to the person m whose name such Certificate is registered on the due date thereof (whether at the maturity date or the date of prior redemption thereof) upon presentation and surrender of such Certificate at the Designated Payment/Transfer Office. San Marcos C"rRCO 20078' Ordinance