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Resolution 12-22
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Resolution 12-22
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the redemption date. Mailed notice of redemption shall be given to the paying agent and to each <br /> affected registered holder of the Bonds at least thirty days prior to the date fixed for redemption. <br /> To effect a partial redemption of Bonds having a common maturity date,the Bond <br /> Registrar prior to giving notice of redemption shall assign to each Bond having a common <br /> maturity date a distinctive number for each$5,000 of the principal amount of such Bond. The <br /> Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in <br /> its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for <br /> each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be <br /> redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, <br /> that only so much of the principal amount of each such Bond of a denomination of more than <br /> $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If <br /> a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar(with, if the <br /> City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the <br /> City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly <br /> authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall <br /> authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds <br /> having the same stated maturity and interest rate and of any Authorized Denomination or <br /> Denominations, as requested by the Holder, in aggregate principal amount equal to and in <br /> exchange for the unredeemed portion of the principal of the Bond so surrendered. <br /> 6. Bond Registrar. U.S. Bank National Association, in St. Paul, Minnesota, is <br /> appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond <br /> Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all <br /> pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. <br /> The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is <br /> duly appointed. Principal and interest on the Bonds shall be paid to the registered holders(or <br /> record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12. <br /> 7. Form of Bond. The Bonds,together with the Bond Registrar's Certificate of <br /> Authentication,the form of Assignment and the registration information thereon, shall be in <br /> substantially the following form: <br /> 6 <br /> 4767714v1 <br />
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