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Ordinance 1818-91
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Ordinance 1818-91
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Ordinances
Ordinance Number
1818-91
Date
10/2/1991
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accordance with said notice, such Certificates shall be paid by the <br /> Trustee at the prepayment price. Installments of interest due on <br /> or prior to the prepayment date shall be payable as herein provided <br /> for payment of interest. All Certificates which have been prepaid <br /> shall be canceled and destroyed by the Trustee and shall not be <br /> reissued. <br /> In addition to the foregoing notice, further notice may be <br /> given by the City as set forth below, but no defect in said further <br /> notice nor any failure to give all or any portion of such further <br /> notice shall in any manner defeat the effectiveness of a call for <br /> prepayment if notice thereof is given as above prescribed. <br /> Each further notice of prepayment given hereunder shall <br /> contain the information required above for an official notice of <br /> prepayment plus (i) the CUSIP numbers, if any, of all Certificates <br /> being prepaid; (ii) the date of issue of the Certificates as <br /> originally issued; (iii) the rate of interest borne on the <br /> principal component of the Lease Payments evidenced by each <br /> Certificate being prepaid; (iv) the maturity date of the principal <br /> component of the Lease Payments evidenced by each Certificate being <br /> prepaid; and (v) any other descriptive information needed to <br /> identify accurately the Certificates being prepaid. <br /> Section 3 . 04 . Form of Certificates. The Certificates shall <br /> be in substantially the form set forth in Section 10. 01. <br /> Section 3 . 05. Execution of Certificates. The Certificates <br /> shall be signed by the manual signature of an authorized officer <br /> of the Trustee. Only such Certificates as shall have been executed <br /> manually by the Trustee shall be valid or obligatory for any <br /> purpose. <br /> Section 3 . 06. Registrar. The Trustee shall keep, or cause <br /> to be kept, at its principal corporate trust office, sufficient <br /> books for the registration and transfer of the rights to receive <br /> the Lease Payments evidenced by the Certificates which shall at <br /> all times be open to inspection by the City. The Trustee is <br /> authorized, on behalf of the Underwriter to execute and deliver the <br /> Certificates transferred or exchanged in accordance with the <br /> provisions of such Certificates and this Agreement and to carry out <br /> all of the Trustee's powers and duties under this Agreement. The <br /> Certificate Owner shall be required to pay any tax or other <br /> governmental charge required to be paid for any exchange or <br /> registration of transfer and the Certificate Owner shall be <br /> required to pay the reasonable fees and expenses of the City and <br /> Trustee in connection with the replacement of any mutilated, lost <br /> or stolen certificates. <br /> -11- D0T437 91/09/24 <br />
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