Ordinance 1986-887 - Laserfiche WebLink

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Outstanding Bonds: the City's General Obliga tion Wa ter Refunding and Improveme n t 80 nds , dated May 1 , 1985, in the presently outstanding amo un t of $2,950,000. Owner: the registered owner of any Bond, as shown by the registration books maintained by the Bond Registrar. Paying Aqen t: Cen tral Bank of De nver, a ba nki ng corporation, Denver, Colorado, or its s uc cessor, which shall perform the function of paying agent wi th res pe ct to the Bonds. P a y i ng Agent and Registrar Agreement: the ag reeme nt between the City and the Pay i ng Agent/Registrar, dated as of t1ay 1 , 1986, concerning r~gistration and payment of the Bonds. Record Da te : the fifteenth (15th) day of the calendar month next preceding any interest payment date. Un de rwri ter: Kirchner Moore & Company, of De n ve r , Colorado. Section 2. Authoriza tion. In accordance with Title 11, Article 56, C.R.S.; the Constitution of the State of Colorado; and all other laws of the State of Color ado thereunto enabling, the Ci ty shall issue its general obligation wa ter refundi ng bonds, each to be designated "General Obligation ~va t e r Ref undi ng Bond, Series 1986", in the total pr inc ipal amount of $3,310,000, for the purpose of ref undi ng the Outstanding Bo n d s . The Bonds shall constitute general obligations of the City, and the full faith and credit of the City shall be pledged for their payment. Section 3. Bond De tail s . The Bonds shall be issued only as fully registered Bonds wi thou t coupons in the denomination of $5,000 each or any integral multiple thereof. Unless the City shall otherwise direct, the registered Bonds shall be numbered separately from 1 upward, with the number of each Bond preceded by "R-" . The Bonds shall be dated as of May 1 , 1986, and shall bear interest payable semiannually on each June 1 and December 1 , commencing on December 1 , 1986, and shall ma ture on the 1st day of December each ye a r , as follows: - 11 -