HomeMy WebLinkAbout0123_0015Obligation Ordinance. Among other requirements for such
assignment and transfer, this Certificate of Obligation must
be presented and surrendered to the Paying Agent/Registrar,
together with proper instruments of assignment, in form and
with guarantee of signatures satisfactory to the Paying
Agent/Registrar, evidencing assignment 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.
The form of Assignment printed or endorsed on this Certificate
of Obligation shall be executed by the registered owner or its
duly authorized attorney or representative,to evidence the
assignment hereof. A new Certificate of Obligation or Certif-
icates 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 previous registered owner in the case of the assign-
ment and transfer of only a portion of this Certificate of
Obligation, may be delivered by the Paying Agent/Registrar in
conversion of and exchange for this Certificate of Obligation,
all in the form and manner as provided in the next paragraph
hereof for the conversion and exchange of other Certificates
of Obligation. The Issuer shall pay the Paying Agent/Regis-
trar's standard or customary fees and charges for making such
transfer, but the one requesting such transfer shall pay any
taxes or other governmental charges required to be paid with
respect thereto. The Paying Agent/Registrar shall not be
required to make transfers of registration of this Certificate
of Obligation or any portion hereof (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 any portion thereof called
for redemption prior to maturity, within 20 days prior to its
redemption date. The registered owner of this Certificate of
Obligation 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 Certificate 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.
ALL CERTIFICATES OF OBLIGATION OF THIS SERIES are issu-
able solely as fully registered certificates of obligation,
without interest coupons, in the denomination of any integral
multiple of $5,000. As provided in the Certificate of Obliga-
tion Ordinance, this Certificate of Obligation, or any unre-
deemed portion hereof, may, at the request of the registered
owner or the assignee or assignees hereof, be converted into
and exchanged for a like aggregate principal amount of fully
registered Certificates of Obligation, without interest
coupons, payable to the appropriate registered owner, as-
signee, or assignees, as the case may be, having the same
maturity date, and bearing interest at the same rate, in any
denomination or denominations in any integral multiple of
$5,000 as requested in writing by the appropriate registered
owner, assignee, or assignees, as the case may be, upon sur-
render of this Certificate of Obligation to the Paying Agent/
Registrar for cancellation, all in accordance with the form
and procedures set forth 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 any 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 as a con-
dition precedent to the exercise of such privilege of conver-
sion and exchange. The Paying Agent/Registrar shall not be
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