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Current Interest Bonds, and principal of and interest on any Capital Appreciation <br />Bonds, shall be payable when due upon presentation and surrender of the Bonds at the <br />principal corporate trust office of the Bond Registrar. Interest on a Current Interest <br />Bond shall be paid on each Interest Payment Date by check or draft mailed to the <br />person in whose name the Bond was registered, and to that person's address appearing, <br />on the Bond Register at the close of business on the 15th day of the calendar month <br />next preceding that Interest Payment Date. Notwithstanding the foregoing, if and so <br />long as the Bonds are issued in a book entry system, principal of and interest and any <br />premium on the Bonds shall be payable in the manner provided in any agreement <br />entered into by the Director of Finance, in the name and on behalf of the City, in <br />connection with the book entry system. <br />(e) Redemption Provisions. The Bonds shall not be subject to redemption <br />prior to stated maturity. <br />Section 3. fteal of Prior Sections 1 and 3. Sections 1 and 3 of Ordinance No. 2000-90, as <br />passed on July 18, 2000, be and are hereby repealed. <br />Section 4. Compliance with Open Meeting Requirements. This Council finds and <br />determines that all formal actions of this Council and of any of its committees concerning and <br />relating to the passage of this ordinance were taken, and that all deliberations of this Council and of <br />any committees that resulted in those formal actions were held, in meetings open to the public in <br />compliance with the law. <br />Section 5. Effective Date. This ordinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health, safety and welfare of the City, <br />and for the further reason that this ordinance is required to be immediately effective in order to issue <br />and sell the Bonds, which is necessary to enable the City to timely retire the outstanding notes <br />issued in anticipation of the Bonds and thereby preserve its credit; wherefore, this ordinance shall be <br />in full force and effect immediately upon its passage and approval by the Mayor. <br />Passed <br />Attest: <br />2000 <br />? <br />President of Council <br />Approved: <br />Mayor <br />ci <br />, <br />??L?? k- `'???,?'f?`-•-? <br />?