Ordinance 1433-88 - Laserfiche WebLink

July 1 in such years and amounts as are set forth in the Purchase Contract. The fiscal agencies of the State of Washington in the cities of Seattle, Washington, and New York, New York, shall act as registrar for the 1988 Bonds (collectively, the "Bond Registrar" ) . The Bond Registrar shall maintain the Bond Register. Both princi- pal of and interest on the 1988 Bonds shall be payable in lawful money of the United States of America. Interest on the 1988 Bonds shall be paid by check or draft mailed on the date such interest is due to the registered owners or nominees of such owners at the addresses appearing on the Bond Register as of the 15th day of the month preceding the interest payment date. The principal of the 1988 Bonds shall be payable upon presentation and surrender of the 1988 Bonds by the registered owners or nominees of such owners at the principal offices of either of the fiscal agencies of the State of Washington in the cities of Seattle, Washington, or New York, New York, at the option of such owners . Upon the surrender thereof to the Bond Registrar, the 1988 Bonds are interchangeable for other 1988 Bonds of any authorized denomination in an equal aggregate principal amount and of the same interest rate and maturity date. 1988 Bonds may be trans- ferred only if endorsed in the manner provided thereon and surren- dered to the Bond Registrar. Such exchange or transfer shall be without cost to the owner or transferee . The Bond Registrar shall not be required to register, transfer or exchange any 1988 Bonds which have been called for redemption within a period of twenty (20) days next preceding the date fixed for redemption. The 1988 Bonds shall be obligations only of the Revenue Bond Fund and shall be payable and secured as provided herein. The 1988 Bonds shall not be general obligations of the City. Section 6. Bond Registration. The City hereby specifies and adopts the system of registration for the 1988 Bonds approved by -18- KR180 88/01/11