1995-075 - Laserfiche WebLink

Home Browse Search

OF THE RESOLUTION TO BE GIVEN TO BONDHOLDERS; (D) THE SELECTION BY DTC OR ANY DTC PARTICIPANT OR INDIRECT PARTICIPANT OF ANY BENEFICIAL OWNER TO RECEIVE PAYMENT IN THE EVENT OF A PARTIAL REDEMPTION OF THE BONDS; OR (E) OTHER ACTION TAKEN BY DTC OR CEDE & CO., AS BONDHOLDER. Discontinuance of Securities Depository DTC may discontinue providing its services with respect to the Bonds at any time by giving notice to the County and discharging its responsibilities with respect thereto under applicable law, or the County may terminate its participation in the system of book -entry transfers through DTC at any time. In the event that the DTC book -entry only system is discontinued and it is not replaced with another book -entry system, the following provisions will apply: principal of the Bonds will be payable in lawful money of the United States of America at the principal office of the Registrar. Interest on the Bonds will be payable on each February 1 and August 1 by check or draft mailed to the respective addresses of the Registered Owners thereof as shown on the registration books of the County maintained by the Registrar as of the record date therefor as set forth in the Resolution[; provided, however, that the registered owner of any Bond in the principal amount of $1,000,000 or more may, upon written request made to the Registrar and at the expense of such registered owner, direct that payment of interest thereon be made by wire transfer or any other medium acceptable to the County and to such registered owner, all as more specifically provided in the Resolution). The transfer of the Bonds will be registrable and they may be exchanged at the principal office of the Registrar, upon the payment of any taxes, fees or other governmental charges required to be paid with respect to such transfer or exchange. The person in whose name any Bond is registered will be deemed and regarded as the absolute owner thereof for all purposes and payment of or on account of the principal or redemption price of any Bond, and the interest on any such Bonds, will be made only to or upon the order of the registered owner thereof or his or her legal representative. Optional Redemption Bonds or portions thereof maturing in the years to 2005, both inclusive, are not redeemable prior to their stated dates of maturity. Bonds or portions thereof maturing on August 1, 2006, and thereafter are redeemable prior to their stated dates of maturity, at the option of the County, as a whole or in part on August 1, 2005, or on any date thereafter, in such manner approved by the County, at a redemption price (expressed as a percentage of the principal amount thereof as set forth in the table below), together with accrued interest on the par amount so redeemed to the redemption date, if redeemed in the following periods: Redemption Period (Both Dates Inclusive) Redemption Price August 1, 2005, to July 31, 2006 102% August 1, 2006, to July 31, 2007 101% August 1, 2007, and thereafter 100% 32477AND38M-9/POS-BODY-1 5