Ordinance 2557-01 - Laserfiche WebLink

wire transfer of immediately available funds. If the Bonds are no longer held by a Securities Depository, all payments of interest on the Bonds accruing interest during the Weekly Mode shall be paid to the Registered Owners entitled thereto in immediately available funds by wire transfer to a bank within the continental United States or deposited to a designated account if such account is maintained with the Registrar as directed by the Registered Owner in writing or as otherwise directed in writing by the Registered Owner five Business Days prior to the Interest Payment Date with respect to Bonds during the Weekly Mode. (4) In the case of Bank Bonds, interest shall accrue and be payable in accordance with Section 2.11 hereof and the Reimbursement Agreement, and principal and interest shall be paid by wire transfer of immediately available funds to an account in the United States specified in the Reimbursement Agreement or as otherwise specified by the Bank in a written notice delivered to the Registrar. Any account specified pursuant to paragraphs (3) and (4) hereof shall remain in effect until revoked or revised by the Registered Owner or the Bank, as applicable, by an instrument in writing delivered to the Registrar. Section 2.08. Acts of Registered Owners; Evidence of Ownership. Any action to be taken by Registered Owners may be evidenced by one or more concurrent written instruments of similar tenor signed or executed by such Registered Owners in person or by an agent appointed in writing. The fact and date of the execution by any Person of any such instrument may be proved by acknowledgment before a notary public or other officer empowered to take acknowledgments or by an affidavit of a witness to such execution or by any other method satisfactory to the Registrar. Any action by the Registered Owner of any Bond shall bind all future Registered Owners of the same Bond or of any Bond issued upon the exchange or -23- P\CMW\CMW4ZL 11/20/01