Resolution 7243 - Laserfiche WebLink

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2042 590,000 2.000 2043 600,000 2.000 2044 615,000 2.000 2045 625,000 2.000 2046 635,000 2.000 2051 3,395,000 2.125 The Bonds shall be issuable only in fully registered form. Interest shall be computed on the basis of a 360 -day year composed of twelve 30 -day months. The interest thereon and, upon surrender of each Bond, the principal amount thereof, shall be paid by check or draft issued by Bond Trust Services Corporation (the "Paying Agent") described herein; provided, however, that so long as the Bonds are registered in the name of a securities depository, or a nominee thereof, in accordance with Section 2.08 hereof, the principal of and the interest on the Bonds shall be paid in accordance with the operational arrangements of the securities depository. 2.03. Dates and Interest Payments. Upon initial delivery of the Bonds pursuant to Section 2.07 hereof and upon any subsequent transfer or exchange pursuant to Section 2.06 hereof, the date of authentication shall be noted on each Bond so delivered, exchanged or transferred. The interest on the Bonds shall be payable on December 20 and June 20 (each, an "Interest Payment Date"), commencing December 20, 2022, to the owners of record thereof as of the close of business on the fifth day of that month, whether or not such day is a business day the ("Record Date"). If any payments of interest due on the Bonds on an Interest Payment Date are not timely made, such interest shall cease to be payable to the registered owners as of the Record Date for such Interest Payment Date and shall be payable to the registered owners of the Bonds as of a special date of record for payment of such defaulted interest as shall be designated by the Registrar whenever monies for the purpose of paying such defaulted interest becomes available. If the date for payment of the principal of or the interest on the Bonds shall be a Saturday, Sunday, legal holiday or day on which banking institutions in the city in which the principal corporate trust office of the Registrar is located are authorized by law or executive order to close, the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or day on which such banking institutions are authorized to close, and payment on such day shall have the same force and effect as if made on the nominal payment date. 2.04. Redemption. (a) The Bonds maturing on December 20, 2041 and 2051 (the "Term Bonds") are subject to mandatory sinking fund redemption and shall be redeemed in part as par plus accrued interest on the mandatory redemption dates and in the principal amounts as follows: 3 4854-7635-7637.2