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55A - RESO - GAS TAX BONDS
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11/05/2019
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55A - RESO - GAS TAX BONDS
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Last modified
10/30/2019 12:55:49 PM
Creation date
10/30/2019 11:40:51 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
11/5/2019
Destruction Year
2024
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accounting records of the City or the Trustee, as the case may be, either as a fund or an account, <br />and may, for the purpose of such records, any audits thereof and any reports or statements with <br />respect thereto, be treated either as a fund or as an account. All such records with respect to all <br />such funds and accounts held by the City shall at all times be maintained in accordance with <br />generally accepted accounting principles and all such records with respect to all such Funds and <br />Accounts held by the Trustee shall be at all times maintained in accordance with corporate trust <br />industry practices; in each case with due regard for the protection of the security of the Series <br />2019 Bonds and the rights of every Owner thereof. <br />SECTION 9.10 Notices. Any notice, request, complaint, demand, communication or other <br />paper shall be sufficiently given and shall be deemed given when delivered or mailed by <br />registered or certified mail, postage prepaid, first class mail, overnight and hand delivery, fax and <br />email addressed as follows: <br />If to the City: City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Attention: Executive Director and Treasurer <br />If to the Trustee: U.S. Bank National Association <br />US Bank Tower Los Angeles <br />633 W. 5th St., 24th Floor <br />Los Angeles, CA 90071 <br />Attention: <br />If to the Insurer: As directed in Section 4.09 <br />The City and the Trustee may designate any further or different addresses to which <br />subsequent notices, certificates or other communications shall be sent. <br />SECTION 9.11 Unclaimed Moneys. Anything in this Indenture to the contrary <br />notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of any of <br />the Series 2019 Bonds which remain unclaimed for one (1) year after the date when such Series <br />2019 Bonds have become due and payable, either at their stated maturity dates if such moneys <br />were held by the Trustee at such date, or for one (1) year after the date of deposit of such moneys <br />if deposited with the Trustee after said date when such Series 2019 Bonds become due and <br />payable, shall, at the written request of the City, be repaid by the Trustee to the City, as its <br />absolute property and free from trust, and the Trustee shall thereupon be released and discharged <br />with respect thereto and the Bond Owners shall look only to the City for the payment of such <br />Series 2019 Bonds; provided, however, that before being required to make any such payment to <br />the City, the Trustee shall, at the expense and direction of the City, cause to be mailed to the <br />Owners of all such Series 2019 Bonds, at their respective addresses appearing on the Bond <br />Registration Books, a notice that said moneys remain unclaimed and that, after a date named in <br />said notice, which date shall not be less than thirty (30) days after the date of mailing of such <br />notice, the balance of such moneys then unclaimed will be returned to the City. <br />(Signature page follows) <br />55394.00055\32329348.3 554 59 <br />
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