8D Consent 2011 0919 - Laserfiche WebLink

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appears on the registration books of the Trustee as of the preceding Record Date; provided that at the written request -of the owner of at least $1,000,000 aggregate principal amount of Bonds which written request is on file with the Trustee prior to the Record Date immediately preceding any Interest Payment Date, interest on such Bonds shall be paid on such Interest Payment Date by wire transfer to such account within the United States of America as shall be specified in such written request. This Bond is one of a duly authorized issue of bonds of the City designated as the "City of San Leandro 2012 Taxable Pension Obligation Bonds" (the "Bonds ") of an aggregate principal amount of $ , all of like tenor and date (except for such variation, if any, as may be required to designate varying numbers, maturities or interest rates) and all issued under the provisions of Articles 10 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code, commencing with Section 53570 of said Code (the "Bond Law ") and under an Indenture of Trust, dated as of 1, 2012, between the City and the Trustee (the "Indenture "). The Bonds have been authorized to be issued by the City under resolutions adopted by the City Council of the City on September 6, 2011 and _, 201_. Reference is hereby made to the Indenture (copies of which are on file at the office of the City) and all supplements thereto and to the Bond Law for a description of the terms on which the Bonds are issued, and the rights thereunder of the owners of the Bonds and the rights, duties and immunities of the Trustee and the rights and obligations of the City thereunder, to all of the provisions of which the Registered Owner of this Bond, by acceptance hereof, assents and agrees. The Bonds have been issued by the City to refinance obligations of the City owing to the Public Employees Retirement System of the State of California. This Bond and the interest hereon and all other parity obligations and the interest thereon (to the extent set forth in the Indenture) are payable from any source of legally available funds of the City. The rights and obligations of the City and the owners of the Bonds may be modified or amended at any time in the manner, to the extent and upon the terms provided in the Indenture, but no such modification or amendment shall permit a change in the terms of maturity of the principal of any outstanding Bond or of any installment of interest thereon or a reduction in the rate of interest thereon without the consent of the owner of such Bond, or shall reduce the percentages of the owners required to effect any such modification or amendment. The Bonds are subject to redemption prior to their stated maturity, at the option of the City, in whole or in part (and if in part, to be selected as described in subsection (d) below), on any Business Day, at the respective Make -Whole Redemption Price (as defined below) for such maturity. The "Make -Whole Redemption Price" for a particular maturity means the greater of (i) 100% of the initial public offering price of such maturity, but in no case less than principal amount of the Bonds of such maturity to be redeemed, or (ii) the sum of the present value of the remaining scheduled payments of principal of and interest on the Bonds of such maturity to be redeemed, not including any portion of those payments of interest accrued and unpaid as of the date on which L�