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City of Sundas Administrator/Clerks Report City Council Meeting, April 23, 2015, To: Mayor and Council From: John M. McCarthy Date: April 20, 2015, Consent Agenda Bond Payment: This is the principal

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Who needs bond payment:

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What is bond payment this is?

Bond payment is a sum of money paid to the bondholder by the issuer at the time of maturity.

Who is required to file bond payment this is?

The issuer of the bond is required to make the bond payment.

How to fill out bond payment this is?

Bond payment is typically done electronically through the issuer's bond trustee.

What is the purpose of bond payment this is?

The purpose of bond payment is to fulfill the issuer's obligation to the bondholder as stated in the bond agreement.

What information must be reported on bond payment this is?

The amount of the bond payment, the date of payment, and any relevant payment details must be reported.

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