AG 2003 08 18 - Laserfiche WebLink

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July 21, 2005 i Page 197 of this Bond shall lbs called for redemption, a new Bond or Bonds in principal amount acius1 to ~he unredeemed per=ion hereof will be issued to the registered owner h%reof or the legal representative of said owner upon the surrender hereof.] [The following four paragraphs are to he included in the form of Bond so long as the ~onds are being issued pursuant to a book-entry system.] The Bonds in~tially are being issued by mean8 of a book-entry system w/th no physical ~istribution of Bond certificates =o be made except as provided in the Re, solution. Initially one fully registered Bond certificate for each stated maturity of the Bonds, in the aggregate principal amount of the Bonds of 0uci~ stated maturity and registered in the name of the Securities Deposit¢,ry Nominee {as defined in the Resolution), a nominee of the Securities Depcsitory (as defined in the Resolution), is being issued and required to be deF osited with =he Securities Depositor%, and immobilized in its custody. The boDk-en=ry system of the Securities Depository will evidence positions held in he Bonds by the Securities Depository's participants, with beneficial ownershi~ of the Bonds in the principal a~unt of $5,000 or any whole multxple thereof bexng evidenced in the records of such participants. Transfers of benefLcisl ownership will be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the ~ecurities Depository and its participants. The Issuer ~nd the Bond Registrar will recognize the Securities Depository Nominee or the Securities Depository, as =he case my be, while the registered owrer of this Bond, as the owner of this Bond for all purposes, including payments of principal of, and redemption premium, if any, and interest on, t]~is Bond, notices and voting. Transfer of principal and interest and any redemption premium payments to participants of the Securities Depository will be the responsibility of the Securities Depository, and transfer of principal and interest and any redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be ~he responsibility of such participants and other nominees of such beneficial owners. The Issuer and the Bond Registrar will not be responsible or liable for such transfers of payments or for maintaining° supervising or reviewing records maintained by the Securities Depository, its part/c/pants or perfLons acting through such participants. While the Securities Depository Nominee or the Securities Depository, ss the case n~y be, is the owner of this Bond, notwithstanding the provisions hereinabove contain, id, payments of principal of, redemption premium, if any, and interest on thl! Bond shall be made to the Securities Depository Nominee or the Securities Depository, as the case may be, by wire transfer in immediately availabi.e funds to the account of said holder as may be specified in the bond regist]'ation books mintained by the Bond Registrar or by such other method of p~ ~ent as the Issuer may determine to he necessary or advisable with the ~oncurrence of =he Securities Depository. In addition, so long as a book-ent~/ system is used for determining beneficial ownership of Bonds, if less than all of the Bonds of any one maturity shall be called for redemption, the Securities Depository shall determine by lot the amount of interest of each di:~ect participant of the Securities Depository in the Bonds within such maturity' to be redeemed. In certain er. into0 the Issuer may replace the Securities Depository et the time with snot]Let qualified securities depository. In certain events, the Issuer may discontinue the book-entry system and deliver replacement Bonds in the form ~f fully registered certificates in the denomination of $5,000 or any nu~l~iple thereof in exchange for the outstandin~ Bonds as provided in the Res, lution. At the office of the Bond Registrar, in the manner and subject to the conditions provided in the Resolution, Bonds may be exchanged for an equal aggregate principal' s~unt of Bonds of the same maturity, of authorized denominations and beMring interest at the same rate. The Bond Regis=rat 8hall keep at its office the books of the Issuer for the registration o~ transfer of Bonds. The transfer of this Bond may be registered only upo~ such books and as otherwise provided in the Resolution upon the surrender ~ereof to the Bond Registrar together with an assignment duly executed by ~he registered owner hereof or hie attorney or legal representative in s.~ch form as shall be satisfactory to the Bond Registrar. Upon any such regie~rstion of transfer, the Bond Registrar shall authentic&re and deliver in exchange for this Bond a new Bond or Bonds, registered in the name of the transferee, of authorized denominations, in an aggregate principal s~unt equal to thdunredeemed principal an~)unt of this Bond, of the same ~turity and bearingI interest at the sam rate. The Bond RegiStrar shall not be required to exchange or re~/ster the transfer of any Bon~ during s period beginning at the opening of business 15 days before the dsyiof the mailing of a notice of redemption of Bonds or any portion thereof and ending at the close of business on =he day of such