1978-10 CRA - Laserfiche WebLink

Home Browse Search

'\ 2/28/78 payment or redemption thereof in full accordance with the terms of this resolution, said Bond shall then cease to bear interest. Section 6. Place of Payment. The Bonds and the interest thereon (except for interest on fully registered Bonds, which shall be payable as set forth in Section 4 hereof) shall be payable in lawful money of the United States of America at the principal office of the Fiscal Agent in Los Angeles, California, or, at the option of the holder, at the office of any Paying Agent of the Agency in New York, New York, or Chicagn, Iliinois. ~ Section 7. Execntlon of Boods. The Bonds shall be signed on behalf of the Agency by its Chairman by his facsimile signature and by its Secretary by his manual signature, and the seal of the Agency shall be impressed, imprinted or reproduced thereon. The interest coupons on said Bonds shall be signed by said Secretary by her facsimile signature. The foregoing officen are hereby authorized and directed to sign said Bonds and coupons in accordance with this section. . Section 8. Types of Bonds, Registration, DIscharge and Exchange. To facilitate registration of the Bonds, two forms thereof have been provided: (1) Those which shall be initially issued and which are in negotiable form, payable to bearer, with negotiable coupons (herein sometimes referred to as "bearer Bonds"); and (2) Those which are issued to facilitate registration and so are issued as non-negotiable fully registered bonds, registered ouly as to both principal and interest, payable to the registered owner (herein sometimes referred to as "fully registered Bonds"). The bearer Bonds are not registrable by endorsement, but may be exchange.d for fully registered Bonds as provided herein. A bearer Bond or Bonds may be registered by exchanging the same for a fully registered Bond or Bonds, as the case may be. A bearer Bond or Bonds and a fully registered 'Bond or Bonds may be exchanged for a fully registered Bond or Bonds. A fully registered Bond may be exchanged in whole for bearer Bonds or in part for such bearer Bonds and the balance for registered Bonds. Transfer of ownenhip of a fully registered Bond or Bonds shall be made by exchanging the same for a new fully registered Bond or Bonds. All of such exchanges shall be made in such manner and upon such reasonable terms and conditions as may from time to time be determined and prescribed by the Agency; provided, however, no such exchange shall be made between the fifteenth day preceding any interest payment date and such interest payment date. Such exchanges sball be free of any costs or charges to the person, firm or corporation requesting such exchange, except for any tax or govern- mental charge that may be imposed in connection with such an exchange. Each b¡:arer Bond issued pursuant to this resolution shall be of the denominBtion of $5,000. Each fully registered Bond issued pursuant to this resolution shall be of a denomination which is $5,000 or a multiple thereof. Such fully registered Bond or Bonds shall be of the same series and within such series of the same interest rate and maturity. Section 9. Bond Register. The Fiscal Agent will keep or cause to be kept at its office sofficient books for the registration and transfer of the Bonds, which shall at all times be open to inspection by the Agency; and, upon presentation for such purpose, the Fiscal Agent shall, under such reasonable regulations as it may prescribe, register or transfer or cause to be registered or transferred, on said register, Bonds as hereinabove provided. Section 10. Redemption of Bonds. Bonds maturing on or before April 1, 1989 are not subject to redemption prior to maturity. Bonds maturing on and after April 1, 1990 may be called before maturity and redeemed at the option of the Agency, from any source of funds, on April 1, 1989 or on 4 .