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2015-094
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Last modified
2/6/2018 10:47:13 AM
Creation date
8/28/2015 3:47:19 PM
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Resolutions
Resolution Number
2015-094
Approved Date
08/18/2015
Agenda Item Number
12.E.1.
Resolution Type
Utilities
Entity Name
Hancock Bank
Whitney Bank
Subject
Water and Sewer Revenue Refunding Bonds Series 2015 and 2005
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days' prior written notice by the Issuer to the Holder, at a price equal to 100% of the principal amount <br />thereof to be redeemed, plus accrued interest to the redemption date; provided that any redemption in <br />part shall be in a multiple of $1,000. <br />Neither the members of the Issuer nor any person executing this Note shall be liable <br />personally hereon or be subject to any personal liability or accountability by reason of the issuance <br />hereof. <br />The transfer of this Note is registrable in accordance with the terms of the Bond Resolution <br />only upon the books of the Issuer kept for that purpose at the principal corporate trust office of the <br />Registrar by the Registered Holder hereof in person or by his attorney duly authorized in writing, <br />upon the surrender of this Note together with a written instrument of transfer satisfactory to the <br />Registrar duly executed by the Registered Holder or his attorney duly authorized in writing, and <br />thereupon a new Note in the same aggregate principal amount shall be issued to the transferee in <br />exchange therefor, and upon the payment of the charges, if any, therein prescribed; subject, however, <br />to certain restrictions on the transfer hereof set forth in the Bond Resolution. For every such <br />exchange or registration of transfer, the Issuer or the Registrar may make a charge sufficient to <br />reimburse it for any tax, fee, expense or other governmental charge required to be paid with respect <br />to such exchange or registration of transfer. The Note is issuable in the form of one fully registered <br />Note in the denomination of $7,171,000, or such lesser amount resulting from a transfer hereof, but <br />in such case in denominations of not less than $100,000. The Issuer, the Registrar and any Paying <br />Agent may treat the Registered Holder of this Note as the absolute owner hereof for all purposes, <br />whether or not this Note shall be overdue, and shall not be affected by any notice to the contrary. <br />The Issuer and the Registrar shall not be obligated to make any exchange or transfer of this Note <br />during the fifteen (15) days next preceding an interest payment date or, in the case of any proposed <br />redemption of this Note, then during the fifteen (15) days next preceding the date of the first mailing <br />of notice of such redemption. <br />Reference to the Bond Resolution and any and all resolutions supplemental thereto and <br />modifications and amendments thereof and to the Act is made for a description of the pledge and <br />covenants securing this Note, the nature, manner and extent of enforcement of such pledge and <br />covenants, and the rights, duties, immunities and obligations of the Issuer. <br />It is hereby certified and recited that all acts, conditions and things required to exist, to <br />happen and to be performed precedent to and in the issuance of this Note, exist, have happened and <br />have been performed, in regular and due form and time as required by the laws and Constitution of <br />the State of Florida applicable thereto, and that the issuance of this Note does not violate any <br />constitutional or statutory limitations or provisions. <br />This Note shall not be valid or become obligatory for any purpose until the certificate of <br />authentication hereon shall have been signed by the Registrar. <br />A-3 <br />
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