AgdaPkt 2003-07-28 - Laserfiche WebLink

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B. A- 2 �3 composed of twelve 30 -day months. Interest on any 2003 Bond will be payable from the Interest Payment Date next preceding the date of authentication of that 2003 Bond, unless (i) such date of authentication is an Interest Payment Date in which event interest shall be payable from such date of authentication, (il) the date of authentication is after a Record Dzte (a " Record Date" being the 15th day of the month preceding an Interest Payment Date, regardless of whether such day is a Business Day) but prior to the immediately succeeding Interest Payment Date, in which event interest shall be payable from the Interest Payment Date immediately succeeding the date of authentication, or (iii) the date of authentication is prior to the close of business on the first Record Date occurring after the issuance of such 2003 Bond, in which event interest shall be payable from the dated date of such 2003 Bond; provided, however, that if at the time of authentication of such 2003 Bond interest is in default, interest on that 2003 Bond shall be payable from the last Interest Payment Date to which the interest has been paid or made available for payment or, if no interest has been paid or made available for payment on that 2003 Bond, interest on that 2003 Bond shall be payable from its dated date. interest on any 2003 Bond will be paid to the person whose name appears in the 2003 Bond Register as the Owner of such 2003 Bond as of the close of business on the Record Date. Such interest shall be paid by check of the Fiscal Agent mailed by first class mail, postage prepaid, to such 2003 Bondowner at his or her address as it appears on the 2003 Bond Register. In addition, upon a request in writing received by the Fiscal Agent on or before the applicable Record Date from an Owner of $1,000,000 or more in principal amount of the 2003 Bonds, payment will be made on the Interest Payment Date by wire transfer in immediately available funds to an account within the United States designated by such Owner. The principal of the 2003 Bonds and any premium on the 2003 Bonds are payable by check in lawful money of the United States of America upon surrender of the 2003 Bonds at the Principal Office of the Fiscal Agent in San Francisco, California EMT IM-50 The 2003 Bonds are Issued pursuant to the Act and the Fiscal Agent Agreement. In addition, as required by the Act, the City Council of the City has taken the following actions with respect to establishing the District and authorizing issuance of the 2003 Bonds: On March 22, 1999, the City Council adopted Resolution No. 13590 stating its intention to establish the District and to authorize the levy of a special tax therein for the purpose of financing certain facilities and incidental expenses. See "THE PROJECT" herein After a noticed public hearing, on April 26, 1999, the City Council adopted Resolution Nos. 13610 and 13611, which established the District, authorized the levy of a special tax within the District and called for an election within the District for July 30, 1999 on the proposition of levying a special tax, authorizing the issuance of bonds in a principal amount not to exceed $13,535,000 and establishing an appropriations limit On August 9, 1999, the City Council, acting as legislative body of the District, adopted Resolution No. 13693 certifying the results of the July 30, 1999 election conducted by the City Clerk, which results showed that more than two- thirds of the votes cast were in favor of the proposition. On August 23, 1999, the City Council, acting as the legislative body of the District, adopted Ordinance No. 2180 authorizing the levy of a special tax within the District -6-