2022-077 Ordinance - Laserfiche WebLink

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Section 4. Payment of Debt Charges: Paving Agent. I he debt charges on the Notes shall be payable in Federal Reserve funds of the tnitcd States of Amcrica. without deduction for services of the City's paying agent. at the principal corporate trust office of The I luntington National Rank. Columbus. Ohio. at the designated office of another bank or trust company requcsled by the Original Purchaser of the Notes, provided that such request shall be approved by the Director of Financc afIcr determining that the paosnent at that hank of trust compare will not endanger the funds or securities of the City and that proper procedures and safeguards are available for that purpose: or at the office of the Director of Financc if agreed to by the Director of Finance and the Original Purchaser (the Paying Agent). the Director of Finance is authorized to enter into any agreements determined necessary in connection with obtaining the services of a paying agent for the Notes, alter determining that the signing thereof will not endanger the funds or securities of the City. Section 5. Execution of Notes: Rook lintry System. The Notes shall he signed by the Mayor and Director of Finance, in the name of the Cit}and in their ollicial capacities. provided than one of those signatures may be a facsimile. The Notes shall be issued in the denominations and numbers as requested by the Original Pumhaser and approved by the Director of Financc, provided that the entire principal amount may he represented by a single note, and provided further than no Note shall be issued, or exchangeable Ibr other Notes. in a denomination Tess than $100.000. The Notes may be issued as fully registered Securities (for which the Director of Finance will serve as note registrar) and in book entry or other uncertificated form in accordance with Section 9.96 and Chapter 133 of the Revised Code, with a single physical note certificate representing the entire issue (or the consolidated issue into which it is combined with one minute other note issues of the Cio, in accordance with Section 6), if it is determined by the Director of Finance that issuance of lolly registered securities in that fonn will facilitate the sale and deliver of the Notes. The Notes shall not have coupons attached. shall he numbered as determined by the Director of Finance and shall express upon their laces the purpose, in summary, terms. for which they are issued and that they are issued pursuant to this Ordinance. As used in this Section and this Ordinance: -'Rook enuv lona- or "hook entry system' means a form or systen under which (i) the ownership of beneficial interests in the Notes and the principal of. and interest on. the Notes (book entry interests) may be transferred only through a book entry, and (ii) a single physical Note certificate is issued by the City and payable onh to it Depository or its nominee. with such Notes deposited with and retained in the custody of the Depository of its agent for that pmpose the book entry maintained by others than the City is the record that identifies the owners of book entre interests in the Notes and that principal and interest. `Depositor%" means anv security depository that is it clearing agency under federal law operating and maintaining, with its Participants or otherwise. a book entry system to record ownership of book entre interests in the Notes of the principal of, and interest on, the Notes and to effect transtcis of the Notes, in book entry form, and includes and means initially the Depository I rust Company (a limited purpose trust company). New York. New York. _7,_