1995-06-01 - Laserfiche WebLink

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of no force and effect, the City shall not redeem such Series 1995 Bonds and the Trustee shall give notice, in the manner in which the notice of redemption was given, that such moneys were not so received. This Series 1995 Bond is transferable by the registered owner hereof in person or by his attorney-in-fact duly authorized in writing at the principal corporate trust office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the Authorizing Ordinance, and upon surrender and cancellation of this Series 1995 Bond. Upon such transfer a new fully registered Series 1995 Bond or Bonds of the same series and maturity, of authorized denomination or denominations, for the same aggregate principal amount, will be issued to the transferee in exchange therefor. This Series 1995 Bond is issued with the intent that the laws of the State of Arkansas shall govern its construction. The City and the Trustee may deem and treat the registered owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and premium, if any, hereon and interest due hereon and for all other purposes, and neither the City nor the Trustee nor any paying agent shall be affected by any notice to the contrary. The Series 1995 Bonds are issuable only as fully registered bonds in the denomination of $5, 000 and any integral multiple thereof . Subject to the limitations and upon payment of the charges provided in the Authorizing Ordinance, Series 1995 Bonds may be exchanged for a like aggregate principal amount of Series 1995 Bonds of the same maturity of other authorized denominations. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required to exist, happen and be performed precedent to and in the issuance of the Series 1995 Bonds do exist, have happened and have been performed in due time, form and manner as required by law; that the indebtedness represented by the Series 1995 Bonds, together with all obligations of the City, does not exceed any constitutional or statutory limitation; and that the above referred to revenues pledged to the payment of the principal of and premium, if any, and interest on the Series 1995 Bonds as the same become due and payable will be sufficient in amount for that purpose. This Series 1995 Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Authorizing Ordinance until the Certificate of Authentication hereon shall have been signed by the Trustee. j.�k.y%ate95.0D —8—