1990 RES R-07-90 - Laserfiche WebLink

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thereof at the principal corporate trust office of the Fiscal Agent in Los Angeles, California. Interest on said Bonds of Series check of the Fiscal Agent in lawful States mailed by first class mail on Date to the Owner thereof at his or her on the books of registration, as of the Interest Payment Date. A shall be paid by money of the United the Interest Payment address as it appears Record Date for said Section 2.08 Execution and Authentication of Bonds. The Bonds shall be executed in facsimile by the Mayor and by the City Clerk. The Bonds shall then be delivered to the Fiscal Agent, for authentication and registration. In case an officer who shall have signed or attested to any of the Bonds by facsimile or otherwise shall cease to be such officer before the authentication, delivery and issuance of the Bonds, such Bonds may nevertheless be authenticated, delivered and issued, and upon such authentication, delivery and issue, shall be as binding as though those who signed and attested the same had remained in office. Section 2.09 Order to Print and Authenticate Bonds. The Community Facilities District is hereby authorized to cause Bonds of Series A in substantially the form set forth herein as Exhibit "A" hereto, to be printed, and to proceed to cause the Bonds of Series A to be authenticated by the Fiscal Agent and delivered to an authorized representative of the purchaser, upon payment of the purchase price. ARTICLE III. FUNDS Section 3.01 Application of Proceeds of Sale of Bonds of Series A. Upon receipt of payment for the Bonds of Series A, the Fiscal Agent shall set aside and deposit the proceeds received from such sale and delivery in the following respective funds and accounts established in Section 3.02 hereof: (i) The Fiscal Agent shall deposit in the Interest Account a sum equal to the amount of accrued interest and premium, if any, received upon the issuance of the Bonds of Series A, together with a portion of the amount equal to the interest which will accrue on the Bonds of Series A from February 22, 1990 to September 1, 1990, as will be designated in writing by an Authorized Representative. -13-