Resolution No. 4561 - Laserfiche WebLink

Home Browse Search

Resolution. Interest on any Bond or Bonds so called for redemption shall cease on the redemption date designated in the notice. The Registrar will notify The Depositol)' Trust Company promptly of any Bonds called for redemption. Notice of redemption shall be published as provided by law. If the book-entry-only system is discontinued, notice of redemption shall be given by fIrst-class mail, postage prepaid, not less tllan thirty days nor more than sixty days prior to the date fIxed for redemption to the Registered Owner of each Bond to be redeemed at the address shown on the Bond register; however, any failure to give notice shall not invalidate the redemption of the Bonds. Any transfer of this Bond must be registered, as provided in the Resolution, upon the Bond register kept for that purpose by the Registrar. This Bond may be registered only by surrendering it, together with a written instrument of transfer which is satisfactol)' to the Registrar and which is executed by the registered owner or duly authorized attorney. Upon registration, a new registered Bond or Bonds, of the same series and maturity and in the same aggregate principal amount, shall be issued to the transferee as provided in the Resolution. The City and the Registrar may treat the person in whose name this Bond is registered on the Bond register as its absolute owner for all purposes, as provided in the Resolution. Unless this Bond is presented by an authorized representative of The Depository Trust Company to the City or the Registrar for registration of transfer, exchange or payment, and any Bond issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the Registered Owner hereof, Cede & Co., has an interest herein. IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all conditions, acts, and things required to exist, to happen, and to be perfonned precedent to and in the issuance of this Bond have existed, have happened, and have been performed in due time, form, and manner as required by the Constitution and Statutes of the State of Oregon and the Charter of the City~ that the issue of which this Bond is a part, and all other obligations of such City, are within eveI)' debt limitation and other limits prescribed by such Constitution, Statutes and Charter; and that the City Council has covenanted to levy annually a direct ad valorem tax upon all taxable property within the City in an amount sufficient, with other available funds, to pay the interest on and the principal of the Bonds of such issue as they become due and payable: to the extent permitted by Section II, Article XI of the Oregon Constitution. IN WITNESS WHEREOF, the City Manager of the City of Eugene, in Lane County, Oregon has caused this Bond to be executed by the facsimile signature of its Finance Officer as of the date indicated above. City of Eugcne, Or'cgon Warren G. Wong, Finance Officer THIS BOND SHALL NOT BE VALID UNLESS PROPERL Y AUTHENTICATED BY THE PA YING AGENT IN THE SPACE INDICATED BELOW. CERTIFICATE OF AUTHENTICATION This is one of the $ aggregate principal amount of City of Eugene, Oregon Limited Tax Improvement Bonds, Series 1998-R, issued pursuant to the Resolution described herein. Dated: , 1998. as Paying Agent Authorized Officer Page 2 - Exhibit A (Form of Bond)