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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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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/15/2004
Board
Board of Commissioners
Meeting Type
Regular
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will be effected on the records of the Securities Depository and its participants pursuant to rules <br />and procedures established by the Secuhties 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 this Bond, as the <br />owner of this Bond for all purposes, including payments of principal of, and redemption <br />premium, if any, and interest on, this Bond, notices and voting. Transfer of principal and interest <br />and any redemption premium payments to participants of the Securities Depository will be the <br />responsibility of the Securities Depository, and transfer of principal and interest and any <br />redemption premium payments to beneficial owners of the Bonds by participants of the <br />Securities Depository will be the responsibility of such participants and other nominees of such <br />beneficial owners. The Issuer and the Bond Registrar will not be responsible or liable for such <br />transfers of payments or for maintaining, supervising or reviewing rec/)rds maintained by the <br />Securities Depository, its participants or persons acting through such participants. <br /> <br /> While the Securities Depository Nominee or the Securities Depository, as the case may <br />be, is the owner of this Bond, notwithstanding the provisions hereinabove contained, payments <br />of principal of, redemption premium, if any, and interest on this Bond shall be made to the <br />Securities Depository Nominee or the Securities Depository, as the case may be, by wire transfer <br />in immediately available funds to the account of said holder as may be specified in the bond <br />registration books maintained by the Bond Registrar or by such other method of payment as the <br />Issuer may determine to be necessary or advisable with the concurrence of the Securities <br />Depository. In addition, so long as a book-entry system is used for determining beneficial <br />ownership of Bonds, if less than all of the Bonds of any one maturity .s.h.all be called for <br />redemption, the Securities Depository shall determine by lot the amount of interest of each direct <br />participant of the Securities Depository in the Bonds within such maturity to be redeemed. <br /> <br /> In certain events, the Issuer may replace the Securities Depository at the time with <br />another qualified securities depository. In certain events, the Issuer may discontinue the book- <br />entry system and deliver replacement Bonds in the form of fully registered certificates in the <br />denomination of $5,000 or any multiple thereof in exchange for the outstanding Bonds as <br />provided in the Resolution. <br /> <br />l0 <br /> <br /> <br />
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