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1981-040 CRA
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1981-040 CRA
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1/3/2012 12:22:40 PM
Creation date
5/5/2005 11:19:15 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1981-40
Date
5/26/1981
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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />ARTICLE XV <br />FORMS AND EXECUTION OF BONDS AND COUPONS <br /> <br />1501. Forms of Bonds and Coup.ons of Bonds. Bonds in coupon f.orm and <br />the coupons to be attached thereto, and Bonds in registered form, shall be of <br />substantially the following forms and tenor with such additions thereto <br />including but not limited to, redemption schedules and prices, interest rates <br />and place or places of payment, all as otherwise provided for in this <br />Resolution. <br /> <br />(FORM OF BEARER BOND) <br />C.ommunity Redevelopment Agency of the City of Santa Ana <br />Orange County, State of Calif.ornia <br /> <br />No. <br /> <br />$5,000 <br /> <br />Residential Mortgage Revenue Bond <br />Issue of 1981, Series A <br />(Participation Purchase and Loan to Lender Program) <br /> <br />KNOW ALL MEN BY THESE PRESENTS that Cc)(!Ißunity Redevelopment Agency .of <br />the City of Santa Ana (hereinafter s()ßlE!times called the "Agency"), a public <br />body, corporate and politic, organized and existing under, and by virtue of, <br />the laws of the State of California, for value received, hereby promises to <br />pay, from the sources of funds hereinafter described, to the bearer upon <br />presentation and surrender .of this Bond, the principal sum of <br /> <br />FIVE THOUSAND DOLLARS ($5,OOO) <br /> <br />on the first day of May, ,unless redeemed prior thereto as hereinafter <br />provided, and to pay interest thereon from the date hereof at the rate of - <br />percent ( %) per annum conmencing on May 1, 1981 and semiannually thereafter <br />on the first day of each May and November .of each year, upon presentation and <br />surrender of the attached coupons evidencing such interest as the same <br />respectively become due. Principal of and interest and redemption premium, if <br />any, on this Bond are payable in lawful money of the United States of America, <br />which, at the time of payment is legal tender for the payment of public and <br />private debts, at the corporate trust office of Security Pacific National <br />Bank, in the City of Los Angeles, State of California, or its successor, as <br />trustee (herein called the "Trustee"), except that principal and redemption <br />price of fully registered Bonds are payable at the corporate trust office of <br />the Trustee and interest on fully regi stered Bonds is payable by check of the <br />Trustee, under Resolution No. 81-40, "A Resolution of the Cornnunity <br />Redevelopment Agency of the City .of Santa Ana Auth.orizing the Issuance of <br />Res ident i a 1 Mortgage Revenue Bonds, Issue of 1981, Series A (Participation <br />Purchase and Loan t.o Lender pr.ogram)" (herein called the "Resolution") adopted <br />by the Agency on May 26, 1981. <br /> <br />64 <br />
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