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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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the City and the Registrar evidence of such loss, theft or destruction satisfactory to the City and <br />the Registrar, together with indemnity satisfactory to them. In the event any such lost, stolen or <br />destroyed Bond shall have matured, instead of issuing a duplicate Bond, the City and the <br />Registrar may, upon receiving indemnity satisfactory to them, pay the same without surrender <br />thereof. The City and the Registrar may charge the owner of such Bond with their reasonable <br />fees and expenses in connection with the above. Every substitute Bond issued by reason of any <br />Bond being lost, stolen or destroyed shall, with respect to such Bonds, constitute a substitute <br />contractual obligation of the City, acting for and on behalf of the Redevelopment District, <br />whether or not the lost, stolen or destroyed Bond shall be found at any time, and shall be entitled <br />to all the benefits of this Resolution, equally and proportionately with any and all other Bonds <br />duly issued hereunder. <br />The Registrar or the Paying Agent may at any time resign as Registrar or Paying <br />Agent by giving thirty (3 0) days' written notice to the Commission and by first -class mail to each <br />registered owner of Bonds then outstanding, and such resignation will take effect at the end of <br />such thirty (30) days or upon the earlier appointment of a successor Registrar or Paying Agent, <br />as the case may be, by the Commission. Such notice to the Commission may be served <br />personally or be sent by registered mail. The Registrar or Paying Agent may be removed at any <br />time as Registrar or Paying Agent by the Commission, in which event the Commission may <br />appoint a successor Registrar or Paying Agent as the case may be. The Commission shall notify <br />each registered owner of Bonds then outstanding by first -class mail of the removal of the <br />Registrar or Paying Agent. Notices to registered owners of Bonds shall be deemed to be given <br />when mailed by first -class mail to the addresses of such registered owners as they appear on the <br />00 Bond Register. Any predecessor Registrar shall deliver all the Bonds in its possession and the <br />Bond Register to the successor Registrar and any predecessor Paying Agent shall deliver all the <br />cash in its possession to the successor Paying Agent. <br />The Bonds shall be executed in the name of the City, acting for and on behalf of <br />the Redevelopment District, by the manual or facsimile signature of the Mayor of the City and <br />attested by the manual or facsimile signature of the Controller, who shall cause the official seal <br />of the City to be impressed or a facsimile thereof to be printed on each of the Bonds. Subject to <br />the provisions for registration, the Bonds shall be negotiable under the laws of the State of <br />Indiana. <br />The Bonds shall be authenticated with the manual signature of an authorized <br />representative of the Registrar, and no Bonds shall be valid or obligatory for any purpose or be <br />entitled to any security or benefit under this Resolution until the certificate of authentication on <br />such Bond shall have been so executed. <br />SECTION 2. <br />a. Optional Redemption. The Bonds may be subject to redemption at <br />the option of the Commission at the times determined by President of the Commission <br />and the Controller, upon the advice of the Commission's financial advisor, and set forth <br />in the Issuer's Certificate, only in Authorized Denominations, as a whole or in part from <br />time to time (with the maturities and amounts of the Bonds to be redeemed to be selected <br />by the Commission), at face value plus interest accrued on the Bonds so redeemed to the <br />-7- <br />BDDB01 40102160 <br />
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