HomeMy WebLinkAbout0140_1399
maturities, and they shall not bear interest after the date
fixed for redemption, and they shall not be regarded as being
outstanding except for the right of the registered owner to
receive the redemption price plus accrued interest from the
Paying Agent/Registrar out of the funds provided for such
payment.
THIS CERTIFICATE OF OBLIGATION, to the extent of the
unpaid or unredeemed principal balance hereof, or any unpaid
and unredeemed portion hereof in any integral multiple of
$5,000, may be assigned by the initial registered owner hereof
and shall be transferred only in the Registration Books of the
Issuer kept by the Paying Agent/Registrar acting in the
capacity of registrar for this Certificate of Obligation, upon
the terms and conditionsset forth in the Certificate of
Obligation Ordinance.. Among other requirements for such
transfer, this Certificate of Obligation must be presented and
surrendered to the Paying Agent/Registrar for cancellation,
together with proper instruments of assignment, in form and
with guarantee of signatures satisfactory to the Paying
Agent/Registrar, evidencing assignment by the initial regis-
tered owner of this Certificate .of Obligation, or any portion
or portions hereof. in any integral multiple of $5,000, to the
assignee or assignees in whose name or names this Certificate
of Obligation or any such portion or portions hereof is or are
to be transferred and registered. Any instrument or instru-
ments of assignment satisfactory to the Paying Agent/Registrar
may be used to evidence the assignment of this Certificate of
Obligation or any such portion or portions hereof by the
initial registered owner hereof. A new certificate of obliga-
tion or certificates of obligation payable to such assignee or
assignees (which then will be the new registered owner or
owners of such new certificate of obligation or certificates
of obligation) or to the initial registered owner as to any
portion of this Certificate of Obligation which is not being
assigned and transferred by the initial registered owner,
shall be delivered by the Paying Agent/Registrar in conversion
of and exchange for this Certificate of Obligation or any
portion or portions hereof, but solely in the form and manner
as provided in the next paragraph hereof for the conversion
and exchange of this Certificate of Obligation or any portion
hereof. The registered owner of this Certificate of Obliga-
tion shall be deemed and treated by .the Issuer and the Paying
Agent/Registrar as the absolute owner hereof for all purposes,
including payment and discharge of liability upon this Certif-
icate of Obligation to the extent of such payment, and the
Issuer and the Paying Agent/Registrar shall not be affected by
any notice to the contrary.
AS PROVIDED above and in the Certificate of Obligation
Ordinance, this Certificate of Obligation, to the extent of
the unpaid or unredeemed principal balance hereof, may be con-
verted into and exchanged for a like aggregate principal
amount of fully registered certificates of obligation, without
interest coupons, payable to the assignee or assignees duly
designated in writing by the initial registered owner hereof,
or to the initial registered owner as ,to any portion of this
Certificate of Obligation which is not being assigned and
transferred by the initial registered owner, in any denomina-
tion or denominations in any integral multiple of $5,000
(subject to the requirement hereinafter stated that each
substitute certificate of. obligation issued in exchange for
any portion of this Certificate of Obligation shall have a
single stated principal maturity date), upon surrender of this
Certificate of Obligation to the Paying Agent/Registrar for
cancellation, all in accordance with the form and procedures
set fcrth in the Certificate of Obligation Ordinance. If this
Certificate of Obligation or any portion hereof is assigned
and transferred or converted each certificate of obligation
5