Ord 1995-047 - Laserfiche WebLink

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5'3[, Principal Interest Principal Interest Year Amount Rate Year Amount Rate 1996 $540,000 3.80% 2003 $ 675,000 4.90% 1997 545,000 4.10% 2004 890,000 5.00% 1998 565,000 4.25% 2005 1,455,000 5.10% 1999 565,000 4.40% 2006 420,000 5.25% 2000 605,000 4.55% 2007 300,000 5.35% 2001 620,000 4.75% 2008 305,000 5.45% 2002 645,000 4.80% 2009 220,000 5.55% Section 3.03. Medium. Method and Place of Payment. (a) The principal of, premium, if any, and interest on the Bonds shall be paid in lawful money of the United States of America as provided in this Section. (b) Interest on the Bonds 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 es~blished 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 AgentIRegistrar 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 to the person entitled to such payment by United States mail, first class postage prepaid, to the address of such person as it appears in the Register or by such other customary banking arrangements acceptable to the Paying AgentlRegistrar 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 in whose name s).lch 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. ll:l.SA.....'MAR.\W..vssRU~DOCS''ORDN'CE.OI7.41: F 7