Resolution No. 4484 - Laserfiche WebLink

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Section 13. Authentication, Registration and Transfer. (No Depository). Registration and transfer of the 1996 Series N Bonds while they are in book-entry form shall be in accordance with the City's Blanket Letter of Representations to The Depository Trust Company. The provisions of this Section 13 apply only if the 1996 Series N Bonds cease to be book-entry-only. 13. 1. No 1996 Series N Bond shall be entitled to any right or benefit under this 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 1996 Series N Bonds to be delivered at the closing of the Series N Bonds, and shall additionally authenticate all 1996 Series N Bonds properly surrendered for exchange or transfer pursuant to this Resolution. 13.2. All 1996 Series N Bonds shall be in registered form. The City Official will appoint a bank doing business in Oregon to serve as Paying Agent for the 1996 Series N Bonds. The Paying Agent shall provide notice to the 1996 Series N Bondowners of any change in the Paying Agent not later than the 1996 Series N Bond payment date following the change in Paying Agent. 13.3. The ownership of all 1996 Series N Bonds shall be entered in the 1996 Series N Bond register maintained by the Paying Agent, and the City and the Paying Agent may treat the person listed as owner in the 1996 Series N Bond register as the owner of the 1996 Series N Bond for all purposes. 13.4. 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 1996 Series N Bondowner as they appear on the 1996 Series N Bond 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. 13.5. 1996 Series N Bonds may be exchanged for an equal principal amount of 1996 Series N Bonds of the same maturity which are in different denominations, and 1996 Series N Bonds may be transferred to other owners if the 1996 Series N Bondowner submits the following to the Paying Agent: 13.5. 1. written instructions for exchange or transfer satisfactory to the Paying Agent, signed by the 1996 Series N Bondowner or the bondowner's attorney in fact and guaranteed or witnessed in a manner satisfactory to the Paying Agent; and 13.5.2. the 1996 Series N Bonds to be exchanged or transferred. 13.6. The Paying Agent shall not be required to exchange or transfer any 1996 Series N Bonds submitted to it during any period beginning with a Record Date and ending on the next following payment date; however, such 1996 Series N Bonds shall be exchanged or transferred promptly following that payment date. Page 8 - Resolution J :\HWR \CITIES\EUGENE\SAB96\SAB96RES.DOC