Ord 2007-036 - Laserfiche WebLink

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Year Principal Amount Interest Rate Year Principal Amount Interest Rate 2008 $145,000 4 250% 2018 $95,000 4 375% 2009 65,000 4.250% 2019 100,000 4 400% 2010 70,000 4 250% 2020 105,000 4 500% 2011 70,000 4.250% 2021 110,000 4 600% 2012 75,000 4 250% 2022 115,000 4 625% 2013 80,000 4.250% 2023 120,000 4 650% 2014 80,000 4 250% 2024 125,000 4 700% 2015 85,000 4.250% 2025 130,000 4 750% 2016 90,000 4 250% 2026 140,000 4 750% 2017 95,000 4 250% Section 3 03 Medium. Method and Place of Payment. (a) The principal of, premium, if any, and interest on the Bonds shall be paid m lawful money of the United States of America as provided m this Section. (b) Interest on the Bonds shall be payable to the Owners whose names appear m the Register at the close of business on the Record Date, provided, however, that m 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 Bond appearing on the books of the Paying Agent/Registrar at the close of business on the last business day next preceding the date of mailing of such notice (c) Interest on the Bonds shall be paid by check (dated as of the Interest Payment Date) and sent by the Paying Agent/Registrar tothe person entitled to such payment by United States mail, first class postage prepaid, to the address of such person as rt appears m the Register or by such other customary banking arrangements acceptable tothe PaymgAgent/Registrar and 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 Bond shall be paid to the person m whose name such Bond 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 Bond at the Designated Payment/Transfer Office San Marcos GO 2007 Ordinance 6