Laserfiche WebLink
<br />(ii) physical Bonds in registered fónn are issued only to a Depository or its nominee as registered <br />owner, with the Bonds "immobilized" to the custody of the Depository, and the book entry is the <br />record that identifies the owners of beneficial interests in that principal and interest <br /> <br />"Certificate of Award" means the certificate executed by the Fiscal Officer in <br />connection with the issuance and sale of the Bonds which contains the terms set out at Section 6 <br />of this Ordiuance. <br /> <br />"Depository" means any sec~tie,~_~_e~o~itory _ that is a clearing agency under <br />federal law operating and maintaining a Book-enhy system to record beneficial ownership of the <br />right to principal and interest, and to effect transfers of Bonds, in book-entry fonn, and includes <br />and means initially The Depository Trust Company (a limited purpose trust company), New <br />York, New York. <br /> <br />"Earliest Optional Redemption Date" means the date; if any, specified as the <br />earliest optional redemption date for the Bonds in the Certificate of Award. <br /> <br />"Fiscal Officer" means the Director of Finance of the City or his designee. <br /> <br />"Interest Payment Date" means a date on which interest owing on the BOnds is <br />due, as determined in accordance with the Certificate of Award. <br /> <br />"Mandatory Redemption Dates" means, as to any of the Bonds which are Term <br />Bonds, the date specified iu the Certificate of Award as the dates on which such Te= Bonds are <br />to be redeemed through the application of Mandatory Sinking Fund Redemption Requirements <br /> <br />"Mandatory Sinking Fund Redemption Requirement" means the amount of the <br />principal of the Bonds that is required to be paid, plus interest accrued to the redemption date, on <br />any Mandatory Redemption Date <br /> <br />"Minimum Authorized Denomination" means Five Thousand Dollars <br /> <br />"Optional Redemption Prices" means, the- redemption prices (expressed as <br />percentages of the principal amOlUlt), if any, at which the City may elect to redeem Bonds other <br />than by mandatory redemption through application of Mandatory Sinking Fund Redemption <br />Requirements <br /> <br />"Original Purchaser" means A G Edwards & Sons, Jnc, St Louis, Missouri <br /> <br />"Participant" means any participant contracting with a Depository under a Book- <br />entry system and includes securities brokers and dealers, banks and trust companies, and clearing <br />corporations, <br /> <br />"Principal Retirement Dates" means the dates on which the Bonds are to be <br />retired (whether at their stated maturity or on Mandatory Redemption Dates), as specified <br />pursuant to this Ordinance in the Certificate of Award. <br /> <br />''Principal Retirement Schedule" means the schedule of the principal amount of <br />the Bonds to be retir--ed on the Principal Retirement Dates in accordance with their stated <br />niaturitiesor to be redeemed by mandatory redemption on the Mandatory Redemption Dates, as <br />specified pursuant to this Ordinance in the Certificate of Award. <br /> <br />"Registrar" means the bank or trust company appoiuted by the Fiscal Officer to <br />act as authenticating agent, bond registrar, transfer agent and paying agent for the Bonds in <br />accordance with Section 8 ûftms Ordinance <br /> <br />"Term Bonds" means Bonds maturing on a Term Maturity Date, the principal of <br />which is subject to payment by mandatory redemption prior to stated maturity through the <br />application of Mandatory Sinking Fund Instal1ments <br /> <br />{CTOI26;1} <br /> <br />2· <br />