1981-040 CRA - Laserfiche WebLink

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ARTICLE III GENERAL TERMS AND PROVISIONS OF BONDS 301. Medium.of Payment; Form and Date. (A) The Bonds shall be payable, with respect to interest, principal and Redemption Price, in lawful money of the United States of America which at the time of payment is legal tender for the payment of public and private debts. (B) The B.onds shall be issued in the form of Bearer Bonds registrable as to principal .only .or in the form of Fully Registered Bonds without coupons, or in b.oth such forms as set forth in Article XV hereof. (C) Bearer B.onds shall be dated as of and shall bear interest fr.om the Issue Date, payable in accordance with, and upon surrender of, the appurtenant interest coupons as they severally mature. Fully Registered Bonds issued prior to the first Interest Payment Date shall be dated as .of the Issue Date. Fully Registered B.onds issued on or subsequent to the first Interest Payment Date shall be dated as of the last preceding Interest Payment Date unless such date of issuance shall be an Interest Payment Date, in which case they shall be dated as of such date .of issuance; provided, however, that if, as shown by the rec.ords of the Trustee, interest on the Bonds shall be in default, a Fully Registered B.ond issued in lieu of a B.ond surrendered for transfer or exchange shall be dated as of the date to which interest has been paid in full .on the B.ond surrendered. Registered Bonds shall bear interest fr()(ß their date. 302. Legends. The Bonds may contain or have endorsed thereon such provisions, specifications and descriptive words not inconsistent with the provisions of this Resolution as may be necessary or desirable t.o comply with custom, or otherwise, as may be determined by the Agency prior to the delivery thereof. 303. Execution and Authenticati.on. (A) The Bonds shall be executed in the name of the Agency by the manual or facsimile signature of its Chairman or Vice Chairman and its corporate seal (or a facsimile thereof) shall be thereunto affixed, imprinted, engraved .or otherwise reproduced, and attested by the manual or facsimile signature of the Executive Director or Assistant Executive Director. In case anyone .or more of the officers who shall have signed .or sealed any of the Bonds shall cease to be such officer before the Bonds s.o signed and sealed shall have been actually delivered, such Bonds may, nevertheless, be delivered as herein provided, and may be issued as if the persons wh.o signed or sealed such Bonds had not ceased to h.old such offices. Any Bond may be signed and sealed on behalf of the Agency by such persons as at the actual time of the execution of such Bond shall be duly authorized or hold the proper office in the Agency, although at the Issue Date of the Bonds such pers.ons may not have been s.o authorized .or have held such office. 19 . . . . .