Ord 1994-058 - Laserfiche WebLink

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.. :;r¡AJ "Resolution" means the resolution, order or ordinance of the governing body of the Issuer pursuant to which the Obligations are issued, certified by the City Secretary of the Issuer or any other officer of the Issuer and delivered to the Bank. "Responsible Officer" when used with respect to the Bank means the Chairman or Vice Chairman of the Board of Directors, the Chairman or Vice Chairman of the Executive Committee of the Board of Directors, the President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant Cashier, any Trust Officer or Assistant Trust Officer, or any other officer of the Bank custOmarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other oftìcer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. "Stated Maturity" means the date specified in the Resolution as the fixed date on which the principal of the Obligation is due and payable or the date fixed in accordance with the terms of the Resolution for redemption of the Obligations, or any portion thereof, prior to the fixed maturity date. ARTICLE THREE PAYING AGENT Section 3.01. Duties of Paving Agent. (a) The Bank, as Paying Agent and on behalf of the Issuer, shall pay to the Owner, at the Stated Maturity and upon the surrender of the Obligation or Obligations so maturing at the Bank Office, the principal amount of the Obligation or Obligations then maturing, provided that the Bank shall have been provided by or on behalf of the Issuer adequate funds to make such payment. (b) The Bank, as Paying Agent and on behalf of the Issuer, shall pay interest when due on the Obligations to each Owner of the Obligations (or their Predecessor Obligations) as shown in the Registrar at the close of business on the Record Date, provided that the Bank. shall have been provided by or on behalf of the Issuer adequate funds to make such payments; such payments shall be made by computing the amount of interest to be paid each Owner, preparing the checks, and mailing the checks on each interest payment date addressed to each Owner's address as it appears on the Register. Section 3.02. Pavment Dates. The Issuer hereby instructs the Bank. to pay the principal of and interest on the Obligations at the dates specified in the Resolution. ARTICLE FOUR REGISTRAR Section 4.01. Transfer and Exchange, (a) The Issuer shall keep the Register at the Bank Office, and subject to such reasonable written regulations as the Issuer may prescribe, which regulations shall be furnished the Bank herewith or subsequent heretO by Issuer Order. the Issuer shall provide for the registration and transfer of the Obligations. The Bank is hereby appointed "Registrar" for the purpose of registering and transferring the Obligations as herein provided. The Bank. agrees to maintain the Register while it is Registrar. SA.""MARIGQ9o<'tk)CS"P.>J!O17".m l41.HBBP 3