HomeMy WebLinkAbout0114_0006issued in exchange for any portion hereof shall have a single
stated principal maturity date corresponding to the due date
of the installment of principal of this Certificate of
Obligation or portion hereof for which the substitute
certificate of obligation is being exchanged, and shall bear
interest at the rate applicable to and borne by such
installment of - principal or portion thereof. Such
certificates of obligation, respectively, shall be subject to
redemption prior to maturity on the same dates and for the
same prices as the corresponding installment of principal of
this Certificate of Obligation or portion hereof for which
they are being exchanged. No such certificate of obligation
shall be payable in installments, but shall have only one
stated principal maturity date. AS PROVIDED IN THE
CERTIFICATE OF OBLIGATION ORDINANCE, THIS CERTIFICATE OF
OBLIGATION IN ITS PRESENT FORM MAY BE ASSIGNED AND TRANSFERRED
OR CONVERTED ONCE ONLY, and to one or more assignees, but the
certificates of obligation issued and delivered in exchange
for this Certificate of Obligation or any portion hereof may
be assigned, transferred and converted, subsequently, as
provided in the Certificate of Obligation Ordinance. The
Issuer shall pay the Paying Agent/Registrar's standard or
customary fees and charges for transferring, converting, and
exchanging this Certificate of Obligation or any portion
thereof, but the one requesting such transfer, conversion, and
exchange shall pay any taxes or governmental charges required
to be paid with respect thereto. The Paying Agent/Registrar
shall not be required to make any such assignment, conversion,
or exchange (i) during the period commencing with the close of
business on any Record Date and ending with the opening of
business on the next following principal or interest payment
date, or, (ii) with respect to any Certificate of Obligation
or portion thereof called for prepayment or redemption prior
to maturity, within 20 days prior to its prepayment or redemp-
tion date.
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IN THE EVENT any Paying Agent/Registrar for this Certif-
icate of Obligation is changed by the Issuer, resigns, or
otherwise ceases to act as such, the Issuer has covenanted in
the Certificate of Obligation Ordinance that it promptly will
appoint a competent and legally qualified substitute therefor,
and promptly will cause written notice thereof to be mailed to
the registered owner of this Certificate of Obligation.
IT IS HEREBY certified, recited, and covenanted that this
Certificate of Obligation has been duly and validly
authorized, issued, sold, and delivered; that all acts,
conditions, and things required or proper to be performed,
exist, and be done precedent to or in the authorization,
issuance, and delivery of this Certificate of Obligation have
been performed, existed, and been done in accordance with law;
that this Certificate of Obligation is a general obligation of
the Issuer, issued on the full faith and credit thereof; and
that ad valorem taxes sufficient to provide for the payment of
the interest on and principal of this Certificate of
Obligation, as such interest and principal come due, have been
levied and ordered to be levied against all taxable property
in the Issuer, and have been pledged for such payment, within
the limit prescribed by law.
BY BECOMING the registered owner of this Certificate of
Obligation, the registered owner thereby acknowledges all of
the terms and provisions of the Certificate of Obligation
Ordinance, agrees to be bound by such terms and provisions,
acknowledges that the Certificate of Obligation Ordinance is
duly recorded and available for inspection in the official
minutes and records of the governing body of the Issuer, and
agrees that the terms and provisions of this Certificate of
Obligation and the Certificate of Obligation Ordinance
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