Resolution No. 4483 - Laserfiche WebLink

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7.1.1. No Series S Note shall be entitled to any right or benefit under this resolution (the "Resolution") unless it shall have been authenticated by an authorized Officer of the City's paying agent and registrar (the "Paying Agent"). The Paying Agent shall authenticate all Series S Notes to be delivered at closing of this series of Note, and shall additionally authenticate all Series S Notes properly surrendered for exchange or transfer pursuant to this Resolution. 7.1.2. All Series S Notes shall be in registered form. The City Official will appoint a bank doing business in Oregon to serve as Paying Agent for the Series S Notes. A successor Paying Agent may be appointed for the Series S Notes by order of the City Official. The Paying Agent shall provide notice to the Series S Noteowners of any change in the Paying Agent not later than the Series S Note payment date following the change in Paying Agent. 7.1.3. The ownership of all Series S Notes shall be entered in the Series S Note register maintained by the Paying Agent, and the City and the Paying Agent may treat the person listed as owner in the Series S Note register as the owner of the Series S Note for all purposes. 7. 1.4. The Paying Agent shall mail each interest payment on the interest payment date (or the next business day if the interest payment date is not a business day) to the name and address of the Series S Noteowner as they appear on the Series S Note register as of the fifteenth day of the month preceding an interest payment date (the "Record Date"). If payment is so mailed, neither the City nor the Paying Agent shall have any further liability to any party for such payment. 7.1.5. Series S Notes may be exchanged for an equal principal amount of Series S Notes of the same maturity which are in different denominations, and Series S Notes may be transferred to other owners if the Series S N oteowner submits the following to the Paying Agent: (i) written instructions for exchange or transfer satisfactory to the Paying Agent, signed by the Series S Noteowner or their attorney in fact and guaranteed or witnessed in a manner satisfactory to the Paying Agent; and (ii) the Series S Notes to be exchanged or transferred. 7.1.6. The Paying Agent shall not be required to exchange or transfer any Series S Notes submitted to it during any period beginning with a Record Date and ending on the next following payment date; however, such Series S Notes shall be exchanged or transferred promptly following that payment date. 7. 1.7. The Paying Agent shall note the date of authentication on each Series S Note. The date of authentication shall be the date on which the Series S Noteowner's name is listed on the Series S Note register. Page 5 - Resolution No. _ J :\HWR \CITIES\EUGENE\BAN96\BAN96RES.DOC4/11/96