10A Action Items 2018 1105 - Laserfiche WebLink

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10 THE 2018 BONDS Authority for Issuance The 2018 Bonds are being issued under the Bond Law, the Authority Resolution (which was adopted by the Board of the Authority on [November 5, 2018]), the City Resolution (which was adopted by the City Council on [November 5, 2018]), and the Indenture. General Provisions Bond Terms. The 2018 Bonds will be dated their date of delivery and issued in fully registered form without coupons in denominations of $5,000 or any integral multiple of $5,000. The 2018 Bonds will mature in the amounts and on the dates, and bear interest at the annual rates, set forth on the inside cover page of this Official Statement. Payments of Principal and Interest. Interest on the 2018 Bonds will be payable on May 1 and November 1 in each year, beginning May 1, 2019 (each an “Interest Payment Date”). Principal on the 2018 Bonds will be payable on November 1 in the amounts and in the years set forth on the inside front cover of this Official Statement. Interest is payable on each Interest Payment Date to the persons in whose names the ownership of the 2018 Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest on any 2018 Bond which is not punctually paid or duly provided for on any Interest Payment Date is payable to the person in whose name the ownership of such 2018 Bond is registered on the Registration Books at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Trustee, notice of which is given to such Owner by first-class mail not less than 10 days prior to such special record date. The Trustee will pay interest on the 2018 Bonds by check of the Trustee mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of the 2018 Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date. At the written request of the Owner of 2018 Bonds in an aggregate principal amount of at least $1,000,000, which written request is on file with the Trustee as of any Record Date, the Trustee will pay interest on such 2018 Bonds on each succeeding Interest Payment Date by wire transfer in immediately available funds to such account of a financial institution within the United States of America as specified in such written request, which written request will remain in effect until rescinded in writing by the Owner. The Trustee will pay principal of the Bonds in lawful money of the United States of America by check of the Trustee upon presentation and surrender thereof at the Office of the Trustee. While the 2018 Bonds are subject to the book–entry system, the principal, interest and any prepayment premium with respect to the 2018 Bonds will be paid by the Trustee to DTC for subsequent disbursement to beneficial owners of the 2018 Bonds. See “APPENDIX E – DTC AND THE BOOK–ENTRY ONLY SYSTEM.” Calculation of Interest. Interest on the 2018 Bonds is payable from the Interest Payment Date next preceding the date of authentication thereof unless: (i) a 2018 Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding 15th calendar day of the month preceding such Interest Payment Date, whether or not such day is a Business Day (the “Record Date”), in which event it will bear interest from