1981-040 CRA - Laserfiche WebLink

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This Bond is a special obligation of the Agency and is one of a duly authorized issUe of bonds of the Agency issued in the aggregate principal amount of $15,730,000, designated "Residential Mortgage Revenue Bonds, Issue of 1981, Series A (Participation Purchase and Loan to Lender Program)" (herein called the "B.onds"), issued under and pursuant to Chapter 8, conrnencing with Section 33750, .of Part 1 of Division 24 of the Health and Safety Code of the State of California, as now or hereafter amended (herein called the "Act"), and under and pursuant to the Resolution. Copies of the Resoiution are .on file at the office of the Agency and at the corporate trust office of the Trustee, and reference to the Resolution and any and all supplements thereto and modifications and amendments thereof and to the Act is made for a description of the pledges and covenants securing the Bonds; the nature, extent and manner .of enforcement of such pledges; the rights and remedies of the bearers or registered owners .of the Bonds with respect thereto and the terms and conditions upon which the Bonds are issued and may be issued thereunder. To the extent and in the manner permitted by the terms .of the Resolution, the provisions of the Resolution or any resolution amendatory there.of or supplemental thereto, may be modified .or amended by the Agency, with, or in certain cases, without the written consent of the holders of at least tw.o-thirds in principal amount of the Bonds then outstanding. This Bond is transferable by delivery except when registered as to principal otherwise than to bearer. It may be registered as to principal in the name .of the owner on the bond register kept for that purpose at the corporate trust office of the Trustee, such registration to be noted hereon, after which no transfer hereof shall be valid unless made on said bond register by the registered .owner tn person, or by his attorney duly authorized in writing, and similarly noted hereon; but this B.ond may be discharged from registration by being in like manner transferred to bearer, after which it shall again become transferable by delivery; and this B.ond may again and from time to time be registered or discharged from registration in the same manner. Registration of this B.ond shall not affect the neg.otiability of the coupons, which shall continue to be payable to bearer and transferable by delivery. The Bonds are issuable in the form .of bearer Bonds in the denomination of $5,000, registrable as to principal only.or in the form of fully registered Bonds without coupons in the denomination of $5,000 or an integral I1IJltiple thereof, not exceeding the aggregate principal amount of Bonds maturing in the year of maturity of the Bond for which the denomination of the Bond is so specified. This Bond and the coupons heret.o attached are negotiable instruments and shall be negotiable by delivery. This B.ond (issued in the form of a bearer b.ond and herein s.ometimes referred to as "bearer Bond"), is not registrable by end.orsement. Bearer B.onds, upon surrender thereof at the corporate trust office of the Trustee, with all unmatured coupons attached, may, at the option of the holder thereof, be exchanged f.or an equal aggregate principal amount of fully registered Bonds .of the same maturity of any of the authorized denomination, in the manner, subject to the conditions, and up.on 65 . . . . .