HomeMy WebLinkAbout2140 times (not later than forty (40) years from their date), shall be
subject to redemption at such times and prices, and the term bonds
shall have such l~mortization Requirements, all as shall be determined
by the Board by resolution adopted prior to the issuance of the bonds.
The Series A Bonds are issuable as coupon bonds, registrable
as to principal alone, in the denomination of $5,000 each and as
registered bonds without coupons in denominations of $5,000 or any
multiple thereof. At the principal office of the Trustee, in the
manner and subiect to the limitations, conditions and changes
provided in the Indenture, registered bonds without counons may
be exchanged for an equal aggregate principal amount of coupon
bonds of the same maturity, bearing interest at the same rate and
having attached thereto coupons representing all unpaid interest
due or to become due thereon, or registered bonds without coupons
of the same maturity, of authorized denaminations and bearing
interest at the same rate; and coupon bonds with all coupons apper-
taining thereto representing all unpaid interest due or to become
- due thereon May in likP manner be exchanged for an equal aggregate
~ principal amount of registered bonds without coupons of the same
~ maturity, of authorized denominations and bearing interest at the
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~ sar.te rate. ~
€ Both the principal of and the iriterest on the bonds shall
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~ be payable in any coin or currency of the United States of America ;
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~ which on the respective dates of payment thereof is legal tender for
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~ the payrtent of public and private debts. The principal of coupon -
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bonds (unless registered) and the interest on all coupon bonds shall
K be payable at the principal office of the bank or banks or trust
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~ com~any or trust companies designated in the resolution of the ,
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~ County awarding the bonds. The principal of all registered bonds
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a ~aithout coupons and of all coupon bonds registered as to principal
~ alone shall be payable at the principal ~ffice of the Trustee, and -
=:3 payment of the interest on each registered hond without coupons
shall be made by the Trustee on each interest payment date to the
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