Res85 9885 - Laserfiche WebLink

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bond at said office of the Agent. Interest (except the final installment) is payable by check or draft mailed to the address as it appears in the registry books maintained by the Agent, or to such address as may have been filed with the Agent for that purpose, as of the close of business of the 15th day next preceding an interest payment date. This bond is one of several annual series of bonds of like date, tenor and effect, but differing in maturities, and may differ in interest rates and amounts, issued by the City under said law and the Resolution providing for issuance of bonds (the "Resolution") for the purpose of providing means for paying for the acquisitions, work and improvements described in said proceedings, and is secured by the monies in said redemption fund and by the unpaid assessments made for the payment of said acquisitions, work and improvements, and, including principal and interest, is payable exclusively out of said fund. This bond will continue to bear interest after maturity at the rate above stated, provided it is presented at maturity and payment thereof is refused upon the sole ground that there is not sufficient money in said redemption fund with which to pay same; if it is not 'presented at maturity, interest thereon will run until maturity. This bond may be redeemed and paid in advance of maturity in whole or in part, subject to the provisions of the Resolution, upon the second day of January or July in any year by giving at least 60 days notice by registered mail to the registered holder thereof at the address of such holder as the same appear on the registry books maintained by the Agent, or at such address as may have been filed with the Agent for that purpose, and by paying the principal amount to be redeemed and accrued interest together with a premium equal to 5 percentum of such principal, unless sooner surrendered, in which event interest will be paid to the date of payment. This bond is transferable, as provided in the Resolution, only upon the registry books maintained by the Agent, upon surrender of this bond duly endorsed or accompanied by a written instrument of transfer satisfactory to the Agent executed by the registered holder thereof or by attorney duly authorized in writing, including the payment of certain charges, if any, and thereupon one or more new fully registered bonds of like Series and maturity and of authorized denominations, aggregating the principal amount of this bond, will be issued to the transferee in exchange therefor. No such transfer and exchange shall be made after the City has notified the Agent of the selection of this bond for redemption, nor shall any transfer and exchange be required to be made between the 15th day next preceding an interest payment date EXHIBIT "e" (ii)