Ordinance 1739-90 - Laserfiche WebLink

necessary for purposes of identification and control ; shall bear interest from their date, until the Bonds have been paid or their payment duly provided for, payable on June 1, 1991, and semiannually thereafter on the first day of each June and December; and shall mature on December 1 of each year as follows: Maturity Principal Maturity Principal Year Amount Year Amount 1991 $164, 000 2000 $290, 000 1992 175, 000 2001 310, 000 1993 185, 000 2002 330, 000 1994 200, 000 2003 355, 000 1995 210, 000 2004 380, 000 1996 225, 000 2005 405, 000 1997 240, 000 2006 430, 000 1998 255, 000 2007 465, 000 1999 270, 000 2008 495, 000 The Bonds shall bear interest at such rate or rates as are established by subsequent resolution of the Council adopted upon the sale of the Bonds as provided herein. SECTION 4 . Registration of Bonds. The City hereby speci- fies and adopts the system of registration for the Bonds approved by the State Finance Committee, and the fiscal agencies of the State of Washington in the cities of Seattle, Washington, and New York, New York, shall act as authenticating trustee, transfer agent, paying agent and registrar for the Bonds (collectively, the "Bond Registrar") . The Bond Registrar shall keep, or cause to be kept, at its principal corporate trust office, sufficient records for the registration and transfer of the Bonds which shall at all times be open to inspection by the City. The Bond Registrar is author- ized, on behalf of the City, to authenticate and deliver Bonds transferred or exchanged in accordance with the provisions of such Bonds and this ordinance and to carry out all of the Bond Registrar's powers and duties under this registration. The Bond Registrar shall be responsible for its representa- tions contained in the Certificate of Authentication on the -8- KR112 90/09/17