Ordinance 1992-1084 - Laserfiche WebLink

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and premium, if any, on this bond are payable upon presentation and surrender hereof at the principal corporate trust office of the City's Paying Agent (the "Paying Agent"), presently the City Finance Director, in Louisville, Colorado. Interest payable to the Registered Owner of this bond will be paid on each interest payment date (or, if such interest payment date is not a business day, on the next succeeding business day), by check or draft mailed to the person in whose name this bond is registered (the "Registered Owner") in the registration records of the City maintained by the City's Registrar (the "Registrar"), presently the City Finance Director, in Louisville, Colorado, and at the address appearing thereon at the close of business on the fifteenth (15th) day of the calendar month next preceding such interest payment date (the "Record Date"). Any such interest not so timely paid or duly provided for shall cease to be payable to the person who is the Registered Owner hereof at the close of business on the Record Date and shall be payable to the person who is the registered owner hereof at the close of business on a Special Record Date (defmed in the Ordinance of the City Council adopted on September 29, 1992 authorizing this bond [the "Bond Ordinance"J), for the payment of any defaulted interest. Such Special Record Date and the date for the payment of such interest shall be fixed by the Paying Agent whenever moneys become available for payment of the defaulted interest, and notice of the Special Record Date and the date for the payment of such interest shall be given to the registered owners of the bonds of the series of which this is one (the "Bonds") not less than ten days prior thereto. All such payments shall be made in lawful money of the United States of America without deduction for the services of the Registrar or Paying Agent. The Bonds maturing November 1, 2004 and November 1, 2007 are subject to mandatory sinking fund redemption as specified in the Bond Ordinance. Bonds of the series of which this bond is one maturing on and after November 1, 2003 are subject to prior redemption at the option of the City, in whole, or in part in integral multiples of $5,000, from such maturities as are selected by the City, and if less than all of the bonds of a maturity are to be redeemed by lot within a maturity in such manner as the Bond Registrar may determine, on November 1, 2002 or on any date thereafter at the redemption prices set forth below (expressed as a percentage of the principal amount redeemed) plus interest thereon to the redemption date: -12-