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AG 2004 03 15
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AG 2004 03 15
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Last modified
3/9/2006 9:19:10 PM
Creation date
11/27/2017 11:37:27 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/15/2004
Board
Board of Commissioners
Meeting Type
Regular
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Depository and its participants pursuant to rules and procedures established by the Securities <br />Depository and its participants. <br /> <br /> The Issuer and the Bond Registrar will recognize the Securities Depository Nominee or <br />the Securities Depository, as the case may be, while the registered owner of Bonds, as the owner <br />of Bonds for all purposes, including payments of principal of, and redemption premium, if any, <br />and interest on the Bonds, notices and voting. The principal of and any redemption premium on <br />each Bond shall be payable to the Securities Depository Nominee or any other person appearing <br />on the registration books of the Issuer hereinafter provided for as the registered owner of such <br />Bond or his registered assigns or legal representative at the office of the Bond Registrar <br />mentioned hereinafter or such other place as the Issuer may determine upon the presentation and <br />surrender thereof as the same shall become due and payable. Payment of the interest on each <br />Bond shall be made by the Bond Registrar on each interest payment dat~ to the registered owner <br />of such Bond (or the previous Bond or Bonds evidencing the same debt as that evidenced by <br />such Bond) at the close of business on the record date for such interest, which shall be the 15th <br />day (whether or not a business day) of the calendar month next preceding such interest payment <br />date, by check mailed to such person at his address as it appears on such registration books or, <br />during the continuation of the book-entry system, by such other method of payment as the Issuer <br />may determine to be necessary or advisable with the concurrence of the Securities Depository. <br />Transfer of principal and interest and any redemption premium payments to participants of the <br />Securities Depository will be the responsibility of the Securities Depository, and transfer of <br />principal and interest and any redemption premium payments to beneficial owners of the Bonds <br />by participants of the Securities Depository will be the responsibility of su.,ch, participants and <br />other nominees of such beneficial owners. Such transfers of interest by the Securities Depository <br />and by such participants and other nominees of such beneficial owners may be made to the <br />owners of Bonds shown on their records on a date on or after said record date for such interest, <br />pursuant to rules and procedures established by the Securities Depository and its participants. <br />The Issuer and the Bond Registrar will not be responsible or liable for such transfers of payments <br />or for maintaining, supervising or reviewing records maintained by the Securities Depository, its <br />participants or persons acting through such participants. <br /> <br /> <br />
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