Laserfiche WebLink
No charge shall be made to any owner of any bond for the privilege of transfer or <br /> exchange, but any owner of any bond requesting any such transfer or exchange shall pay any tax <br /> or other governmental charge required to. be paid with respect thereto. Except as otherwise <br /> provided in the immediately preceding sentence, the cost of preparing each new bond upon each <br /> exchange or transfer and any other expenses of the City or the Trustee incurred in connection <br /> therewith shall be paid by the City. Neither the Trustee nor the City)shall be required to transfer <br /> or exchange any bonds selected for redemption in whole or in part. <br /> The person in whose name any bond shall be registered shall be deemed and, <br /> regarded as the absolute owner thereof for all purposes, and payment of or on account of the <br /> principal or premium, if any, or interest on any bond shall be made only to or upon the order of <br /> the registered owner thereof or his legal representative, but such registration may be changed as <br /> hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the <br /> liability upon such bond to the extent of the sum or sums so paid. <br /> In any case where the date of maturity of interest on or principal of the bonds or the <br /> date fixed for redemption of any bonds shall be a Saturday or Sunday or shall be in the State a <br /> legal holiday or a day on which banking institutions are authorized by law to close, then payment <br /> of interest or principal need not be made on such date but may be made on the next succeeding <br /> business day with the same force and effect as if made on the date of maturity or the date fixed for <br /> -redemption, and no interest shall accrue for the period after the date of maturity or date fixed for <br /> redemption. <br /> Section 5. The bonds shall be executed on behalf of the City by the manual or <br /> facsimile signatures of the Mayor and City Clerk and shall have impressed or imprinted thereon <br /> the seal of the City. <br /> Section 6. The bonds and the Certificate shall be in substantially the following <br /> form and the Mayor and City Clerk are hereby expressly authorized and directed to make all <br /> recitals contained therein: <br /> (Form of Series 2024A Bond) <br /> REGISTERED REGISTERED <br /> No. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ARKANSAS <br /> COUNTY OF INDEPENDENCE <br /> CITY OF BATESVILLE <br /> SALES AND USE TAX BOND <br /> TAXABLE REFUNDING SERIES 2024A <br /> 6 <br />