2022-078 Ordinance - Laserfiche WebLink

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paid from the Nontaa Revenues, and such pacmenl is secured by a pledge of the Pledged Nontax Revenues as provided in this Ordinance. The officers signing the Notes are authorized to take all actions that may in their judgment reasonably be necessary to provide for the Standhy Note Purchase Agreement. including but not limited to the inclusion of a notation on the form of the Notes providing notice to the holders or beneficial owners of the existence of the Standby Note Purchase Agreement and providing instructions to such holders or beneficial owners regarding the presentation ofthe Note for purchase by the Treasurer of State at stated maim-try. Section d. Payment. the debt charges on the Notes shall be payablc in lawful money of the United Slates of America and shall be payable, without deduction fix services of the City's Paying Agent, at the principal corporate trust office of l he I luntington National Bank, Columbus, Ohio, at the designated office of another bank or trust company designated by the Director of Finance, alter determining that the payment at that bank or trust company will not endanger the funds or securities of the City and that proper procedures and safeguards are aaailablc lot that purpose, or at the office of the Director of finance il'agreed to by the Director of Finance and the Original Purchaser. It the interest on the Notes is due other than at maturity, interest shall be payable on each interest payment date b, check mailed to the person in whose name the Bond was registered on the 15th day of the calendar month next preceding that interest patment date. 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, after determining that the signing thereof will not endanger the funds or securities of the City. Section 5. Lxecution of Notes Book EntrN Systent. T he Notes shall be signed by the Mayor and the Director of Finance, in the name ofthe Cil, and in their official capacities, provided that one of those signatures may be a facsimile the Notes shall he issued in the denominations and numbers as requested by the Original Purchaser and approved he the Director of finance, provided no Note shall be issued in a denomination less than $100,000: and the entire principal amount may be represented by a single note, Tlie Notes may be issued as fully registered securities (for which the Director of finance, or a bank or trust company designated by the Director of Finance, may serve as bond registrar). and Wray be issued in book entry or other uncertificated form in accordance with Section 9.96 of the Revised Code if it is determined by the Director of Finance that issuance of fully registered securities in that form will facilitate the sale and delivery of the Notes. the Notes shall not have coupons attached, shall be numbered as determined by the Director of finance and shall express upon their faces the purpose in summaq terms, Ibr which they are issued and that they are issued pursuant to this Ordinance. As used in this Section and this Ordinance: 'Book entry foci' m "hook entre scstem" means a form or system under which (i) the ownership of beneficial interests in the Notes and the principal of . and interest on. the Notes may be transferred only through a book entrv. and (ii) a single phm-sical Bond certificate is issued by the City and payablc only to a Depository or its nominee. with such Notes "immobilized" in the custody ofihe Depository or its agent Ibr that purpose. The book entry maintained by others than the City is the record that identities the owners of beneficial interests in the Notes and that principal and interest.