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<br />"Paying Agent" means The Bank of New York Trust Company, N.A., a national banking <br />association with a corporate trust office located in St. Louis, Missouri, and any successors or assigns. <br /> <br />"Permitted Investments" means any of the following securities, if and to the extent the same are <br />at the time legal for investment of the City's funds: <br /> <br />(a) United States Government Obligations; <br /> <br />(b) bonds, notes or other obligations of the State of Missouri, or any political <br />subdivision of the State of Missouri, that at the time of their purchase are rated in either of the <br />two highest rating categories by a nationally recognized rating service; <br /> <br />(c) repurchase agreements with any bank, bank holding company, savings and loan <br />association, trust company, or other financial institution organized under the laws of the United <br />States or any state, that are continuously and fully secured by anyone or more of the securities <br />described in clause (a) or (b) above and that have a market value, exclusive of accrued interest, at <br />all times at least equal to the principal amount of such repurchase agreement and are held in a <br />custodial or trust account for the City's benefit; <br /> <br />(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; <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 <br />fully insured by the Federal Deposit Insurance Corporation, or (2) continuously and fully secured <br />by 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; and <br /> <br />(f) money market funds rated in the highest rating category by Moody's Investors <br />Service, Inc. (presently "Aaa") or Standard & Poor's (presently "AAA"). <br /> <br />"Person" means any natural person, corporation, limited liability company, partnership, joint <br />venture, association, firm, joint-stock company, trust, unincorporated organization, or government or any <br />agency or political subdivision thereof or other public body. <br /> <br />"Project" means renovating and improving City Hall, including the annex, parking lots, <br />walkways, and lawns. <br /> <br />"Record Date" for the interest payable on any Interest Payment Date means the 15th day <br />(whether or not a Business Day) of the calendar month next preceding such Interest Payment Date. <br /> <br />"Redemption Date" when used with respect to any Bond to be redeemed means the date fixed <br />for the redemption of such Bond 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 <br />which such Bond is to be redeemed pursuant to the terms of this Ordinance, including the applicable <br /> <br />-4- <br />