Laserfiche WebLink
(d) obligations of the Federal National Mortgage Association, the Government <br />National Mortgage Association, the Federal Financing Bank, the Federal Intermediate Credit <br />Corporation, Federal Banks for Cooperatives, Federal Land Banks, Federal Home Loan Banks, <br />Farmers Home Administration and Federal Home Loan Mortgage Corporation; and <br /> <br /> (e) certificates of deposit or time deposits, whether negotiable or nonnegotiable, <br />issued by any bank or trust company organized under the laws of the United States or any state, <br />provided that such certificates of deposit or time deposits shall be either (1) continuously and fully <br />insured by the Federal Deposit Insurance Corporation, or (2) continuously and fully secured by <br />such securities as are described above in clauses (a) through (c), inclusive, which shall have a <br />market value, exclusive of accrued interest, at all times at least equal to the principal amount of <br />such certificates of deposit or time deposits. <br /> <br /> "Person" means any natural person, corporation, partnership, joint venture, association, firm, <br />joint-stock company, trust, unincorporated organization, or government or any agency or political <br />subdivision thereof or other public body. <br /> <br /> "Purchaser" means Kemper Securities, Inc., Chicago, Illinois, as representative of the original <br />purchasers of the Bonds. <br /> <br /> "Record Date" for the interest payable on any Interest Payment Date means the 1st day (whether <br />or not a Business Day) of the calendar month of such Interest Payment Date. <br /> <br /> "Redemption Date" when used with respect to any Bond to be redeemed means the date fixed for <br />such redemption pursuant to the terms of this Ordinance. <br /> <br /> "Redemption Price" when used with respect to any Bond to be redeemed means the price at which <br />such Bond is to be redeemed pursuant to the terms of this Ordinance, including the applicable redemption <br />premium, if any, but excluding installments of interest whose Stated Maturity is on or before the <br />Redemption Date. <br /> <br /> "Special Record Date" means the date fixed by the Paying Agent pursuant to Section 204 hereof <br />for the payment of Defaulted Interest. <br /> <br /> "Stated Maturity" when used with respect to any Bond or any installment of interest thereon <br />means the date specified in such Bond and this Ordinance as the fixed date on which the principal of such <br />Bond or such installment of interest is due and payable. <br /> <br /> "United States Government Obligations" means bonds, notes, certificates of indebtedness, treasury <br />bills or other securities constituting direct obligations of, or obligations the principal of and interest on <br />which are fully and unconditionally guaranteed as to full and timely payment by, the United States of <br />America, including evidences of a direct ownership interest in future interest or principal payments on <br />obligations issued or guaranteed by the United States of America (including the interest component of <br />obligations of the Resolution Funding Corporation), or securities which represent an undivided interest <br />in such obligations, which obligations are rated in the highest rating category by a nationally recognized <br />rating service and such obligations are held in a cnstodial account for the benefit of the City. <br /> <br />-5- <br /> <br /> <br />