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10B Action 2014 0616
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10B Action 2014 0616
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Last modified
6/30/2014 10:00:25 AM
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6/11/2014 10:56:24 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/16/2014
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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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Path:
\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0616
SA Reso 2014-002
(Reference)
Path:
\City Clerk\City Council\Resolutions\2014
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-24- <br />the Bonds, and by surrendering the Bonds, registered in the name of the Nominee, to the <br />Trustee on or before the date such replacement Bonds areto be issued. The Depository, by <br />accepting delivery of the Bonds, agrees to be bound by the provisions of this subsection (c). If, <br />prior to the termination of the Depository acting as such, the Successor Agencyfails to identify <br />another Securities Depository to replace the Depository, then the Bonds shall no longer be <br />required to be registered in the Registration Books in the name of the Nominee, but shall be <br />registered in whatever name or names the Owners transferring or exchanging Bonds shall <br />designate, in accordance with the provisions of this Article II. Prior to its termination, the <br />Depository shall furnish the Trustee with the names and addresses of the Depository System <br />Participants and respective ownership interests thereof. <br />(d) Payments to theNominee. Notwithstanding any other provision of this Indenture to <br />the contrary, so long as any Bond is registered in the name of the Nominee, all payments with <br />respect to principal of and interest and premium (if any) on such Bond and all notices with <br />respect to such Bond shall be made and given, respectively, as provided in the letter described <br />in subsection (b) of this Section or as otherwise instructed by the Depository.
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