Resolution No. 4760 - Laserfiche WebLink

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EXHIBIT A (Form of Refunding Bond) No. I $ United States of America State of Oregon County of Lane City of Eugene General Obligation Refunding Bonds Series 2003 Dated Date: Interest Rate Per Annum: <<CouponRate>>% Maturity Date: _, <<MaturityYean> CUSIP Number: <<CUSIPNumbm Registered Owner: -----Cede & Co.----- Principal Amount: -----<<PrincipalAmtSpelled>> Dollars----- The City of Eugene, Oregon (the "City"), for value received, acknowledges itself indebted and hereby promises to pay to the Registered Owner hereof, or registered assigns, the Principal Amount indicated above on the Maturity Date indicated above together with interest thereon from the date hereof at the Interest Rate Per Annum indicated above, computed on the basis ofa 360-day year of twelve 30-day months. Interest is payable semiannually on the first day of _ and the first day of _ in each year until maturity or prior redemption, commencing _' Payment of each installment of interest shall be made on the payment date to the Registered Owner hereof whose name appears on the registration books of the City maintained by the City's paying agent and registrar, which is currently _ (the "Registrar"), as the Registered Owners appear on the registration books as of the close of business on the fifteenth (15th) day of the calendar month immediately preceding the applicable interest payment date. For so long as this Bond is subject to a book-entry-only system, principal and interest payments shall be paid on each payment date to the nominee of the securities depository for the Bonds. On the date of issuance of this Bond, the securities depository for the Bonds is The Depository Trust Company, New York, New York, and Cede & Co. is the nominee of The Depository Trust Company. Such payments shall be made payable to the order of "Cede & Co." This bond is one of a duly authorized series of bonds aggregating $ in principal amount designated as General Obligation Refunding Bonds, Series 2003 (the "Bonds"). The Bonds are issued to refund the outstanding principal amount of the City's and . The Bonds are issued under and pursuant to Resolution No. of the City adopted on _ and a Bond Declaration executed pursuant to that resolution (the "Declaration"). The Bonds are issued in full and strict accordance and compliance with all of the provisions of the Constitution and Statutes of the State of Oregon and the Charter of the City. The Bonds constitute valid and legally binding obligations of the City. The full faith and credit of the City are pledged for the punctual payment of the principal of and interest on the Bonds. The City has pledged and is obligated by law to provide for the levy and collection annually of ad valorem taxes without limitation as to rate or amount on all taxable property within the boundaries of the City to pay the principal of and interest on the Bonds. The Bonds do not constitute a debt or indebtedness of Lane County, the State of Oregon, or any political subdivision thereof other than the City. The Bonds are initially issued as a book-entry-only security issue with no certificates provided to the beneficial owners. Records of ownership of beneficial interests in the Bonds will be maintained by The Depository Trust Company and its participants. Should the book-entry only security system be discontinued, the Bonds shall be issued in the form of registered Bonds without coupons in denominations of $5,000 or any integral multiple thereof. Such Bonds may be Page 1 (Exhibit A to Resolution)