1980-076 CRA - Laserfiche WebLink

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amount of $11,500,000, designated "Community Redevelopment Agency of the City of Santa Ana ,Res identi a 1 Mortgage Revenue Bonds, I ssue of 1980" (here in called the "Bonds"), issued under Resolution No, 80-75, "A Resolution of the Community Redevelopment Agency of the City of Santa Ana Authorizing the Issuance of Residential Mortgage Revenue Bonds for the Purpose of Purchasing Mortgage Loans to Provide Financing for a Residential Construction Project", adopted by the Agency on July 1, 1980, as supplemented (herein called the "Resolution") and pursuant to Chapter 8, commencing with Section 33750, of Part 1 of Division 24 of the Health and Safety Code of the State of California, as now or hereafter amended. Copies of the Resolution are on file at the office of the Agency and at the aforesaid corporate trust office of the Trustee, and reference to the Resolution and any and all supplements thereto and modifications and amendments thereof and to the Act is made for a description of the pledges and covenants securing the Bonds; the nature, extent and manner of enforcement of such pledges; the rights and remedies of the bearers or registered owners of the Bonds with respect thereto and the terms and conditions upon which the Bonds are issued and may be issued thereunder. To the extent and in the manner permitted by the terms of the Resolution, the provisions of the Resolution or any resolution amendatory thereof or supplemental thereto, may be modified or amended by the Agency, with the written consent of the holders of at least two-thirds in principal amount of the Bonds then outstanding. This 80nd is transferable by del ivery except when registered as to principal otherwise than to bearer. It may be registered as to principal in the name of the owner on the bond register kept for that purpose at the corporate trust office of the Trustee such registration to be noted hereon, after which no transfer hereof shall be valid unless made on said bond register by the registered owner in person, or by his attorney duly authorized in writing, and similarly noted hereon; but this Bond may be discharged from registration by being in like manner transferred to bearer, after which it shall again become transferable by delivery; and this Bond may again and from time to time be registered or discharged from registration in the same manner. Registration of this Bond shall not affect the negotiability of the coupons, which shall continue to be payable to bearer and transferable by delivery, The Bonds are issuable in the form of coupon Bonds, registrable as to principal only,'- in the denomination of $5,000, and in the form of fully registered Bonds without coupons in the denomination of $5,000 or any integral multiple thereof, not exceeding the aggregate principal amount of the 80nds maturing in the year of maturity of the Bond for which the denomination of the Bond is specified. Coupon Bonds, upon surrender thereof at the corporate trust office of the Trustee, with all unmatured coupons attached, may, at the option of the holder thereof, be exchanged for an equal aggregate principal amount of fully registered Bonds of the same maturity of any of the authorized denominations, in the manner, subject to the conditions, and upon the payment of the charges, if any, including after the first exchange, the cost of preparing a new Bond, provided in the Resolution. In like manner, subject to ii. . . . . . .