Laserfiche WebLink
09 <br />M9 <br />Interest on the Series B Bonds shall be evidenced by interest <br />coupons. The principal of the Series B Bonds and the interest thereon, except <br />as otherwise provided in the case of registration, shall be payable to bearer <br />upon presentation and surrender of the coupon bonds or interest coupons at the <br />principal office of the Trustee and Paying Agent or at the principal office of <br />the Co -Paying Agent. Payment of principal and interest shall be in any coin <br />or currency of the United States of America which, on the respective dates of <br />payment, is legal tender for the payment of public and private debts. Payment <br />of the principal of any bond registered as to principal and payment of interest <br />in the case of any bond registered as to interest will be by check or draft <br />by the bond registrar at the times provided in the bond to the registered owners <br />by mail to the registered owners' addresses shown on the registration book kept <br />by the bond registrar. <br />The Series B Bonds issued under the Indenture and the coupons <br />attached thereto shall be substantially in the form hereinabove set forth with <br />such appropriate variations, omissions and insertions as are permitted or <br />required by the Indenture. <br />Section 103. Pursuant to the provisions of Section 302 of the Trust <br />Indenture, the Series B Bonds shall be subject to redemption prior to maturity <br />as specified in the Series B bond form hereinabove set forth. <br />In instances of optional redemption the City reserves the right to <br />redeem all or any part of the bonds of either series without being obligated to <br />redeem any bonds of the other series. In this regard market developments may <br />be such that it would be to the advantage of the City and the Company to <br />refund the bonds of either series. Therefore, should there be such developments <br />the City agrees, upon the request of the Company, to fully cooperate with the <br />Company in the issuance of refunding bonds to the end of the City deriving the <br />benefit of reduced interest payments on its bonds and the Company deriving a <br />corresponding benefit of reduced rental payments. <br />