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1986-036
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1986-036
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Last modified
5/18/2023 10:50:51 AM
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5/18/2023 10:49:46 AM
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Resolutions
Resolution Number
1986-036
Approved Date
06/18/1986
Subject
Authorizing issuance of not exceeding $9,200,000 W&S Revenue Bonds, Series 1986
Anticipation notes of IRC; providing for the payment thereof & security thereof
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P <br />The principal of and interest on all Notes shall be <br />payable in lawful money of the United States at the place or <br />places and under the terms and conditions set forth in the <br />Notes. Payment of interest on any Notes shall be made by <br />check mailed to the Person whose name shall appear, at the <br />close of business on the Record Date on the registration <br />books of the Issuer maintained by the Paying Agent in behalf <br />of the Issuer, as the Registered Owner, irrespective of any <br />transfer or exchange of such Note subsequent to the Record <br />Date and prior to such interest payment date, unless the <br />Issuer shall be in default in payment of interest due on <br />such interest payment date. In the event of any such <br />default, such defaulted interest shall be payable to the <br />Persons in whose names the Notes are registered at the close <br />of business on a special record date for the payment of such <br />defaulted interest established by notice nkiiled by the <br />Paying Agent in behalf of the Issuer to the Registered <br />Owners of Notes not less than fifteen (15) days preceding <br />such special record date. Such notice shall be mailed to <br />the Persons in whose names the Notes are registered at the <br />close of business on the fifth (5th) day preceding the date <br />of mailing. Payment of the principal of all Notes shall be <br />made upon presentation and surrender of such Notes as the <br />same shall become due and payable. <br />If the date for payment of the principal of or <br />interest on the Notes shall be a Saturday, Sunday, legal <br />holiday or a day on which banking institutions in the <br />
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