ORD 2025-065 2024-2026 - Laserfiche WebLink

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This Bond is transferable only upon the Bond Register at the office of the Director of Finance of the County, as Registrar and Paying Agent, in Hilo, Hawaii or at the office of its successors from time to time appointed by the County, by the Registered Holder hereof, or by the Registered Holder's duly authorized attorney, upon surrender of this Bond (together with a written instrument of transfer satisfactory in form to the Registrar and Paying Agent duly executed by the Registered Holder or the Registered Holder's duly authorized attorney, which may be the form endorsed hereon) and subject to the limitations and upon payment of the charges, if any, provided from time to time by the County and the Registrar and Paying Agent, and thereupon a new Bond in the same principal amount as the Bond surrendered, shall be delivered to the transferee in exchange thereof. The County and the Registrar and the Paying Agent may deem and treat the person in whose name this Bond is registered as the absolute owner hereof for the purpose of receiving payment of the principal hereof, premium, if any, and interest due hereon and for all other purposes, and they shall not be affected by any notice to the contrary. This Bond is authorized by the Council of the County to be issued to provide funds for payment of a portion of the costs of a public water system for a Water System Improvement District established by the County pursuant to Chapter 12, Hawai`i County Code. This Bond is issued under and pursuant to and in full compliance with the Constitution and laws of the State of Hawaii, including Part I of Chapter 47, Hawai`i Revised Statutes, as amended, the Charter of the County, and proceedings of the aforesaid Council duly taken thereunder. This Bond is a general obligation of the County, and the payment of the principal and interest hereof is a first charge on the general fund of the County. The full faith and credit of the County is irrevocably pledged to the punctual payment of the principal of and interest on this Bond according to its terms. It is hereby certified and recited that all the conditions, acts, and things essential to the validity of this Bond and the issue of which it forms a part exist, have happened, and have been done; that every requirement of law affecting the issue thereof has been duly complied with; and that the amount of this Bond, together with all other indebtedness of the County, is not in excess of any constitutional or statutory limitation on indebtedness. A-3