Laserfiche WebLink
<br /> . <br /> I L'1X <br /> The principal of this Bond shall be payable without exchange <br /> or collection charges in lawful money of the United States of <br /> America upon presentation and surrender of this Bond at the <br /> corporate trust office in Dallas, Texas (the "Designated <br /> Payment/Transfer Office"), of the Paying Agent/Registrar executing <br /> the registration certificate appearing hereon, or, with respect to a <br /> successor Paying Agent/Registrar, at the Designated Payment/Transfer <br /> Office of such successor. Interest on this Bond is payable by check <br /> dated as of the interest payment date, mailed by the Paying <br /> Agent/Registrar to the registered owner at the address shown on the <br /> registration books kept by the Paying Agent/Registrar or by such <br /> other customary banking arrangements acceptable to the Paying <br /> Agent/Registrar, requested by, and at the risk and expense of, the <br /> person to whom interest is to be paid. For the purpose of the <br /> payment of interest on this Bond, the registered owner shall be the <br /> person in whose name this Bond is registered at the close of <br /> business on the "Record Date, " which shall be the 15th day of the <br /> month next preceding such interest payment date; provided, howeve r , <br /> that in the event of nonpayment of interest on a scheduled interest <br /> payment date, and for 30 days thereafter, a new record date for such <br /> interest payment (a "Special Record Date") will be established by <br /> the Paying Agent/Registrar, if and when funds for the payment of <br /> such interest have been received from the City. Notice, of the <br /> Special Record Date and of the scheduled payment"date of the past <br /> due interest (the "Special Payment Date", which shall be 15 days <br /> after the Special Record Date) shall be sent at least five business <br /> days prior to the Special Record Date by United States mail, first <br /> class postage prepaid, to the address of each Owner of a Bond <br /> appearing on the books of the Paying Agent/Registrar at the close of <br /> business on the last business day preceding the date of mailing such <br /> notice. <br /> If a date for the payment of the principal of or interest on <br /> the Bonds is a Saturday, Sunday, legal holiday, or a day on which <br /> banking institutions in the city in which the Designated <br /> Payment/Transfer Office is located are authorized by law or <br /> executive order to close, then the date for such payment shall be <br /> the next succeeding day which is not a Saturday, Sunday, legal <br /> holiday, or day on which such banking institutions are authorized to <br /> close; and payment on such date shall have the same force and effect <br /> as if made on the original date payment was due. <br /> This Bond is one of a series of fully registered bonds <br /> specified in the title hereof issued in the aggregate principal <br /> amount of $3,415,000 (herein referred to as the "Bonds") pursuant to <br /> a certain Ordinance of the City Council of the City (the <br /> "Ordinance") for the purpose of refunding certain obligations of the <br /> City payable from ad valorem taxes. <br /> 4579f <br /> -20- <br />