2002 - 11-04-02 Regular Meeting - Laserfiche WebLink

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B00�, -49 PILE 70 shall bear the facsimile signatures of the Chairman of the governing body of the Issuer and the Clerk of the Issuer and a facsimile of the corporate seal of the Issuer and the Certificate of Approval of the Local Government Commission shall bear a facsimile signature of the Secretary of said Commission. If issued as a Single Bond, the Bond shall be signed by the Chairman of the governing body of the Issuer and the Clerk of the Issuer, the corporate seal of the Issuer shall be impressed thereon and the Certificate of Approval of the Local Government Commission shall be signed by a designated assistant of said Commission. (5) Within ninety days after the receipt by the Issuer of the written request of the registered owner of the Single Bond, the Issuer will, at its own expense, prepare and execute Multiple Bonds in the form hereinafter set forth, of type, composition and printed on paper of customary weight and strength, in an aggregate principal amount equal to the unpaid principal amount of the Single Bond, and having maturities corresponding to the principal installments of the Single Bond then unpaid; and the Issuer will cause the Multiple Bonds to be presented to the transfer agent to be designated by the Issuer (the "Transfer Agent ") for endorsement and for dating the authentication blank thereon and for delivery to the registered owner of the Single Bond upon surrender and cancellation of the Single Bond. (6) Except as in the next succeeding paragraph provided, interest on the Bonds shall be paid by check by the Issuer or a paying agent to be designated by the Issuer (the 'Paying Agent "), and mailed to the registered owner of record as of 15 days prior to the interest payment date at his address as it appears on the bond registry books of the Transfer Agent, and principal of the Bonds shall be paid by check by the Paying Agent upon presentation of the Bonds for payment. The Single Bond purchased by the United States of America shall be payable by the Issuer in installments of principal and interest without presentation. (7) So long as the Bonds are held or insured by the United States of America, whether as a Single Bond or as Multiple Bonds, the principal thereon may be prepaid without premium at any time in whole or in part in inverse order of maturity. (8) The Bonds not held or insured by the United States of America and maturing on and after June 1, 2013 shall be subject to redemption prior to their stated maturities at the option of the Issuer, in whole or in part (in multiples of $500 of principal amount) on any date not earlier than June 1, 2012 at a redemption price equal to the principal amount of each 3