86R-116
CITY OF ANAHEIM RESOLUTION NO. S6R-LI6
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA AMENDING RESOLUTION NOS. 86R-89 AND 86R-90 OF
THE CITY COUNCIL
WHEREAS, the City Council of the City of Anaheim (the
"City") at its meeting on March 4, 1986, adopted Resolutions, desig-
nated as Resolution No. 86R-89 and Resolution No. 86R-90, each relat-
ing to the issuance of Electric Revenue Bonds of the City; and
WHEREAS, it is in the best interest of the City to adopt
the following resolution amending in certain respects Resolution
No. 86R-89 and Resolution No. 86R-90;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The first paragraph of Section 5 of Resolution
No. 86R-89 is hereby amended to read, in its entirety, as follows:
SECTION 5. Description of Bonds. The Bonds shall all
be in the denomination of $5,000 or any integral multiple
of $5,000, and the Bonds shall be numbered consecutively
from 1 upwards. The Bonds shall be designated "ELECTRIC
REVENUE BONDS, ISSUE OF 1986". The Bonds shall be dated
March 1, 1986, and shall be payable on October 1 in each
year of maturity in the amounts for each of the several
years, shall bear interest from their date payable semi-
annually on the first days of Apr il and October of each
year, commencing October 1, 1986, as follows:
Year
Principal
Amounts
Interest
Rate
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2004
2007
$ 985,000.00
1,030,000.00
1,085,000.00
1,145,000.00
1,210,000.00
1,285,000.00
1,360,000.00
1,445,000.00
5,930,000.00
6,280,000.00
6,770,000.00
7,260,000.00
7,685,000.00
8,300,000.00
8,955,000.00
30,665,000.00
37,885,000.00
5.000%
5.250
5.500
5.700
5.900
6.000
6.100
6.200
6.400
6.500
6.600
6.700
6.800
6.850
6.900
5.750
5.750
SECTION 2. Section 6 of Resolution No. 86R-89 is hereby
amended to read, in its entirety, as follows:
Section 6. Place of Payment. Each Bond shall bear
interest from its date until the principal sum thereof has
been paid; provided, however, that if at the maturity date
of any Bond or if the same is redeemable and has been duly
called for redemption, funds are available for the payment
or redemption thereof in full accordance with the terms of
this Resolution, said Bonds shall then cease to bear
interest. The principal of the Bonds and any premium upon
the redemption thereof shall be payable in lawful money of
the United States of America at the Corporate Agency
Service Center of Bank of America National Trust and
Savings Association in San Francisco, California, or at the
option of the holder, at any other paying agent of the City
in New York, New York. Interest on the Bonds shall be pay-
able by check or draft mailed to the registered owner on
the registration records maintained by the Registrar,
determined as of the close of business on the 15th day of
the calendar month immediately preceding an interest pay-
ment date (including the date on which the principal of a
Bond is to be paid).
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SECTION 3. The first paragraph of Section 8 of Resolution
No. 86R-89 is hereby amended to read, in its entirety, as follows:
SECTION 8. Registration and Transfer. The Bonds shall
be issued in fully registered form. The Bonds shall be
transferable only upon the books of the City, which shall
be kept for such purposes at the Corporate Agency Service
Center in San Francisco of the Registrar, by the registered
owner thereof in person or by his attorney duly authorized
in writing, upon surrender thereof together with a written
instrument of transfer satisfactory to the Registrar duly
executed by the registered owner or his duly authorized
attorney. Upon the transfer of any such registered Bond,
the Registrar shall issue in the name of the transferee a
new registered Bond or Bonds of the same aggregate princi-
pal amount and maturity as the surrendered Bond. The
Registrar may, with the concurrence of the City, deSignate
an additional office where transfer of registered Bonds may
be effected by the Registrar provided in this Section.
SECTION 4. The four th parag raph of Section 9 of
Resolution No. 86R-89 is hereby amended to read, in its entirety, as
follows:
Allor any of the Bonds subject to redemption may be
called for redemption at anyone time. If less than all of
the Bonds are redeemed at anyone time, the City shall
select the maturity or maturities to be redeemed. If less
than all Bonds of a maturity are to be redeemed, the par-
ticular Bonds or $5,000 principal portions of Bonds of such
maturity to be redeemed shall be selected by lot by the
City. The interest payment date on which Bonds which are
called are to be presented for redemption is herein some-
times called the "redemption date."
SECTIOR 5. The first paragraph of subsection (a) of
Section 9 of Resolution No. 86R-89 is hereby amended to read, in its
entirety, as follows:
(a) Notice of Redemption. The Registrar shall, at
least 30 days- but not more than 60 days pr i or to the
redemption date, mail by first class, postage prepaid, a
notice to the registered owners thereof at the addresses
appearing on the registration records maintained by the
Registrar, as of the date of such notice of the intended
redemption of the Bonds. The notice of redemption shall
(a) state the redemption date; (b) state the redemption
price; (c) state the numbers and date of maturity of the
Bonds to be redeemed; provided, however, that whenever any
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call includes all of the outstanding Bonds subject to
redemption, the numbers of the Bonds need not be stated;
(d) require that such Bonds be surrendered at the Corporate
Agency Service Center of Bank of America National Trust and
Savings Association in San Francisco, California, or at the
option of the holder, at any other paying agent of the City
in New York, New York; and (e) give notice that further
interest on such Bonds will not accrue after the designated
redemption date. If this Resolution is amended to permit
the Bonds to be issued in coupon form, a similar notice of
the intended redemption shall be published once in a news-
paper of general circulation in the City of Anaheim,
California, and once in a daily newspaper or financial
journal published in or near the Borough of Manhattan, New
York, said publications to be at least 30 days but not more
than 60 days prior to the redemption date.
SECTION 6. Paragraph (1) of subsection A of Section 13 of
Resolution No. 86R-89 is hereby amended to read, in its entirety, as
follows:
(1) one-sixth of the interest which will become due
and payable on the outstanding Bonds and Parity Bonds
(other than the 1972 Bonds) within the next ensuing six
months, except that, with respect to any interest payment
date, the monthly sum allocated shall be the interest which
will become due and payable on such interest payment date
less any portion of such interest which has been provided
for (a) in the case of the 1980 Bonds, by the transfers to
the Debt Service Account from the 1980 IDC Account required
pursuant to the 1980 Bond Resolution, the transfers
required with respect to the 1980 Bonds pursuant to
Section 13(B) of the 1983 Bond Resolution, or any other
transfers required with respect to the 1980 Bonds by any
Parity Bond Resolution, (b) in the case of the Bonds, by
the transfers required with respect to the Bonds pursuant
to Section 13(C) hereof, or any other transfers required
with respect to the Bonds by any Parity Bond Resolution,
and (c) in the case of any other Parity Bonds, any trans-
fers required ~ith respect to such Parity Bonds by any
other Parity Bond Resolution; and
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SECTION 7. Section 4 of Resolution No. 86R-90 is hereby
amended to read, in its entirety, as follows:
SECTION 4. The City Council hereby appoints Bank of
America NT&SA, in the City of San Francisco, California, as
paying agent of the City for the Bonds.
ADOPTED, SIGNED AND APPROVED this twenty-fifth day of
March, 1986.
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Attest: Leonora N. Sohl,
City Clerk
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"L~--G-x-~CL /r(.. ~__
City Clerk
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CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 86R-116 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 25th day of March, 1986, by the following vote of the members thereof:
AYES:
COUNCIL MEMBERS: Kaywood, Overholt, Bay, Pickler and Roth
NOES:
COUNCIL MEMBERS: None
ABSENT:
COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 86R-l16 on the 25th day of March, 1986.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 25th day of March, 1986.
~~1(~
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SORL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 86R-ll6 duly passed and
adopted by the Anaheim City Council on March 25, 1986.
^~~~.){S~
CITY CLERK