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Finance Highlights 2011 0909
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Finance Highlights 2011 0909
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9/13/2011 5:38:30 PM
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9/13/2011 5:37:30 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
9/9/2011
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_CC Agenda 2011 0919
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\City Clerk\City Council\Agenda Packets\2011\Packet 2011 0919
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below, or at such address as the party may provide to the other party in writing from <br />time to time. Notice is effective either (a) upon transmission by facsimile transmission or <br />other form of telecommunication, (b) upon actual receipt after deposit in the United <br />States mail, postage prepaid, or (c) in any other case, upon actual receipt. The City or <br />the Trustee may, by written notice to the other parties, from time to time modify the <br />address or number to which communications are given hereunder. <br />If to the City: City of San Leandro <br />835 East 14th Street <br />San Leandro, California 94577 <br />Attention: Finance Director <br />Fax: (510) 577 -3312 <br />If to the Trustee: U.S. Bank National Association <br />One California Street, Suite 2550 <br />San Francisco, California 94111 <br />Attention: Corporate Trust Department <br />Fax: (415) 273 -4590 <br />Reference: City of San Leandro 2012 POB <br />SECTION 9.09. Partial Invalidity. If any Section, paragraph, sentence, clause or <br />phrase of this Indenture is for any reason held illegal, invalid or unenforceable, such <br />holding will not affect the validity of the remaining portions of this Indenture. The City <br />and the Trustee hereby declare that they would have entered into this Indenture and <br />each and every other Section, paragraph, sentence, clause or phrase hereof and <br />authorized the issue of the Bonds irrespective of the fact that any one or more Sections, <br />paragraphs, sentences, clauses, or phrases of this Indenture may be held illegal, invalid <br />or unenforceable. <br />SECTION 9.10. Unclaimed Moneys. Anything contained herein to the contrary <br />notwithstanding, any money held by the Trustee in trust for the payment and discharge <br />of the interest or premium (if any) on or principal of the Bonds which remains unclaimed <br />for two years after the date when the payments of such interest, premium and principal <br />have become payable, if such money was held by the Trustee at such date, or for two <br />years after the date of deposit of such money if deposited with the Trustee after the date <br />when the interest and premium (if any) on and principal of such Bonds have become <br />payable, shall be repaid by the Trustee to the City as its absolute property free from <br />trust, and the Trustee shall thereupon be released and discharged with respect thereto <br />and the Owners shall look only to the City for the payment of the principal of and interest <br />and redemption premium (if any) on such Bonds. <br />SECTION 9.11. Execution in Counterparts. This Indenture may be executed in <br />several counterparts, each of which shall be an original and all of which shall constitute <br />but one and the same instrument. <br />SECTION 9.12. Governing Law. This Indenture shall be construed and <br />governed in accordance with the laws of the State of California. <br />27 <br />
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