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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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date fixed for redemption, and according to the premiums, if any, determined by the <br />President of the Commission and the Controller as set forth in the Issuer's Certificate. <br />Unless waived by any holder of Bonds to be redeemed, official notice of <br />any such redemption shall be given by the Registrar on behalf of the Commission <br />identifying the Bonds, by mailing a copy of an official redemption notice by registered or <br />certified mail at least thirty (30) days and not more than sixty (60) days prior to the date <br />fixed for redemption to the registered owner of the Bond or Bonds to be redeemed at the <br />address shown on the Bond Register or at such other address as is furnished in writing by <br />such registered owner to the Registrar; provided, however, that failure to give such notice <br />by mailing, or any defect therein, with respect to any Bond shall not affect the validity of <br />any proceedings for the redemption of other Bonds. <br />All official notices of redemption shall be dated and shall state: <br />(1) the redemption date, <br />(2) the redemption price, <br />(3) if less than all outstanding Bonds are to be redeemed, the <br />identification (and, in the case of partial redemption, the respective <br />principal amounts) of the Bonds to be redeemed, <br />(4) that on the redemption date the redemption price will become due <br />40 and payable upon each such Bond or portion thereof called for <br />redemption, and that interest thereon shall cease to accrue from <br />and after said date, and <br />(5) the place where such Bonds are to be surrendered for payment of <br />the redemption price, which place of payment shall be the place <br />provided for the payment of the principal of and premium, if any, <br />on the Bonds. <br />Prior to any redemption date, the Commission shall deposit with the <br />Paying Agent an amount of money sufficient to pay the redemption price of all the Bonds <br />or portions of Bonds which are to be redeemed on that date. <br />Official notice of redemption having been given as aforesaid, the Bonds or <br />portions of Bonds so to be redeemed shall, on the redemption date, become due and <br />payable at the redemption price therein specified, and from and after such date (unless the <br />Commission shall default in the payment of the redemption price) such Bonds or portions <br />of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in <br />accordance with said notice, such Bonds shall be paid by the Paying Agent at the <br />redemption price. Bonds redeemed in part may be exchanged for a Bond or Bonds of the <br />same maturity in Authorized Denominations equal to the remaining principal amount. In <br />addition to the foregoing notice, further notice may be given by the Registrar as it deems <br />appropriate by mail, publication or otherwise to registered securities depositories, <br />national information services or others containing the above information and such further <br />-8- <br />BDDB01 4oro2160 <br />
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