22-05 Issuance/Sale of Bonds Various Purposes $11,530,000

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moneys held by the Registrar for the redemption of particular Bonds shall be held in trust for the account of the registered owners thereof and shall be paid to them, respectively, upon presentation and surrender of those Bonds SECTION 4. Pursnant to Section 133 30(B) ofthe Ohio Revised Code, the Fiscal Officer is .authorized to combine the Bonds with other bonds into a. single consolidated issued of bonds" for purposes of their sale, as a single issue to be designated "Various Purpose General Obligation Bonds, Series 2005." Such consolidated bonds shall contain a sunnnary statement of p~ose ~nco~p~s~~g the purpose for which tþe Bonds are issued and shall state thflt they a¡-~ issued pursuant to tills Ordinance; shall be executed by the Mayor and by the Fiscal Offièer, one or both of whose signatures may be a facsimile signature; shall be issued only in fully registered form; and shaH be registered as to both principal and interest at the corporate trust office of the Registrar. The Bonds shall be issued in the denominations and numbers as requested by the Original Purchaser and approved by the Fiscal Officer, and shall be numbered as determiued by the Fiscal Officer. The principal of the Bonds shall be payable upon presentation and surrender to: the Registrar Interest on -any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name that Bond is registered. (the ''Holder'') Oll. the registration books of the City maintained by the Registrar and at the address appeariug thereon at the close of busiuess of the fifteenth day of the calendar month next preceding the Interest Payment Date (the ''Regular Record Date") or by wire transfer made at the written request of a Holder of at least $1,000,000 in aggregate principal amount of the Bonds. Any iuterest not timely paid (the "Defaulted Interest") shall cease to be payable to the person who is the Holder as of the Regular Record Date and shall be payable to the person who is the Holder at the close of business on a special record date for the payment of such defaulted interest (the "Special Record Date"). Such. Special Record Date shall be fixed by the Council of the City whenever moneys become available for payment of the Defaulted Interest, and the Registrar shall cause nötice of the proposed payment of such Defaulted lilt-erest and the Special Record Date therefor to be mailed, first class postage prepàid, not less than ten (10) days prior thereto to each Holder at the address pertaining to each Holder that appears on the registration books of the City maintained by the Registrar The principal and interest on the Bonds- is payable in lawful money of the United States of America without deduction for the servîcesofthe Registrar. No Bond shall be valid or become obligatory for any purpose unless and until an authentication certificate appearing on the Bond shall have been duly endorsed by the Registrar Any Bond, upon surrender thereof at the principal corporate trust office of the Registnn, together with an assigrunent duly executed by the Holder or his dilly authorized attomeyin such form as shall be satisfactory to the Registrar, at the option of the Holder thereof, may be exchanged for Bonds of any authorized denomination or denominations ill an aggregate principal amount not exceeding the principal amount of the Bond so exchanged, and bearing interest at the same rate and maturing on the same date, Any Bond may be transferred only upon the books kept for the registration and transfer of Bonds upon surrender thereof at the principal corporate trust office of the Registrar together with an' assighment duly executed by the Holder or his duly authorized attorney in such fonn as shall be satisfactory to the Registrar Upon the transfer of any such Bond and on request of the Registrar, the City shall execute in the name of the transferee, and the Registnn shall authenticate and deliver, a new Bond, of any authorized denomination, in aggregate principal amount equal to the principal amount of such Bond, and bearing interest at the same rate and maturing on the same date In all cases in which Bonds shall be exchanged or transferred, the City shall execute and the Registrar shall authenticate and deliver Bonds in accordance with the provisions of this Ordiuance The City and Registrar may make a charge for every such exchange or transfer of Boilds sufficient to reimburse them for any täx or other governmental charge required to be paidwìth respect to such exchange or transfer, and the Registrar may require that such charge or charges shall be paid before any such new Bond shall be delivered. Anythiug herein to the contrary notwithstanding, no exchange or transfer of Bonds shall be required to be made (i) between the tenth day preceding the mailing of notice of redemption of Bonds and the date of that mailillg, or (ii) with respect to any Bond selected fòr redemption, in whole or in part {CT0126;l} 5..