1983-10 CRA - Laserfiche WebLink

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.' . . . '. Dollars ($16,500,000) and shall be designated "CITY OF SANTA ANA REDEVELOPMENT AGENCY, CITY OF SANTA ANA REDEVELOPMENT PROJECT, 1983 TAX ALLOCATION REFUNDING BONDS." Tne Bonds may be initially issued in the form of Bearer Bonds in denominations of $5,000 or in the form of Fully Registered Bonds in denominations of $5,000 each or any whole multiple thereof. The Bearer Bonds shall be dated June 1, 1983, in the years and in the amounts as follows: Due Principal Due Principal December Amount December Amount 1985 $220,000 1993 1986 235,000 1994 380,000 1987 245,000 1995 410,000 1988 265,000 1996 450,000 1989 280,000 1997 490,000 1990 300,000 1998 535,000 1991 325,000 1999 580,000 1992 350,000 635,000 $10,800,000 Term Bonds due December 1, 2009 Section 5. Interest. The Bonds shall bear interest at a rate or rates to be hereafter fixed by resolution, but not to exceed twelve percent (12%) per annum payable semiannually commencing on December 1, 1983, and on each June 1 and December 1 thereafter, Each Bond shall bear interest until its principal sum has been paid; provided, however, that if funds are available for the payment thereof in full accordance with the terms of this Resolution, such Bond shall then cease to bear interest. Interest coupons attached to the Bearer Bonds shall be numbered in consecutive numerical order from one (1) upwards in the order of their respective maturities. Each coupon shall represent six (6) months' interest. The Fully Registered Bonds shall be numbered by the Fiscal Agent as the Fiscal Agent shall determine and shall be dated as of the date of their authentication, except that Fully Registered Bonds issued upon exchanges and transfers of Fully Registered Bonds shall be dated so that no gain or loss of interest shall result from the exchange or transfer. Each Fully Registered Bond shall bear interest from the interest payment date next preceding the date thereof unless (i) it is dated as of an interest payment date, in which event it shall bear interest from that interest payment date, or (ii) it is dated prior to the first interest payment date, in which event it shall bear interest from the date of the Bearer Bonds. Interest on Fully Registered Bonds shall be paid by the Fiscal Agent (out of the appropriate funds) by check or draft mailed on the interest payment date to the registered owner as his/her name and address appear on the register kept by the Fiscal Agent at the close of business on the fifteenth (15th) day preceding the interest payment date. 03-30-83 4439P/2306/00 -7- SA