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Authorize- Issuance of Revenue Bonds $11,960,000
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Authorize- Issuance of Revenue Bonds $11,960,000
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Last modified
3/21/2011 3:56:49 PM
Creation date
3/21/2011 3:56:47 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/28/1997
Ord-Res Number
8778-97
Bill Number
34-97
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. �� <br /> at any time, and shall be entitled to all the benefits of the Ordinance,equally and proportionately with any and all <br /> other bonds duly issued thereunder. <br /> The Registrar or Paying Agent may at any time resign as registrar or paying agent by giving thirty (30) <br /> days' written notice to the City and by first-class mail to the registered owners of bonds then outstanding, and such <br /> resignation will take effect at the end of such thirty(30)days or upon the earlier appointment of a successor registrar <br /> or paying agent, as the case may be, by the City. Such notice to the City may be served personally or be sent by <br /> registered mail. The Registrar or Paying Agent may be removed at any time as registrar or paying agent by the City, <br /> in which event the City may appoint a successor registrar or paying agent,as the case may be. The City shall notify <br /> the registered owners of this bond, if then outstanding, by first-class mail of the removal of the Registrar or the <br /> Paying Agent. Notices to registered owners of bonds shall be deemed to be given when mailed by first-class mail <br /> to the addresses of such registered owners as they appear in the registration books kept by the Registrar. <br /> The bonds maturing in any one year are issuable only in fully registered form in the denomination of$5,000 <br /> or any integral multiple thereof not exceeding the aggregate principal amount of the bonds maturing in such year. <br /> If this bond shall have become due and payable in accordance with its terms or this bond or a portion hereof <br /> shall have been duly called for redemption or irrevocable instructions to call this bond or a portion hereof for <br /> redemption shall be given, and the whole amount of the principal of, the premium, if any, and interest,so due and <br /> payable upon all of this bond or a portion hereofthen outstanding shall be paid or(i) sufficient moneys,or(ii) direct <br /> obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United <br /> States of America, the principal of and the interest on which when due will provide sufficient moneys for such <br /> purpose, (iii) time certificates of deposit of a bank or banks, fully secured as to both principal and interest by <br /> obligations of the kind described in(ii)above or(iv)any combination of(i), (ii), or(iii)above,the principal of and <br /> interest on which when due will provide sufficient moneys for such purpose,shall be held in trust for such purpose, <br /> and provision shall also have been made for paying all fees and expenses in connection with the redemption, then <br /> and in that case this bond or such portion hereof shall no longer be deemed outstanding or an indebtedness of the <br /> City. <br /> The following abbreviations, when used in the inscription of the fact of this bond, shall be <br /> construed as though they were written out in full according to applicable laws or regulations: <br /> TEN.COM. as tenants in common <br /> TEN.ENT. as tenants by the entireties <br /> JT.TEN. as joint tenants with right of <br /> survivorship and not as tenants in common <br /> UNIF. TRANS MIN.ACT Custodian <br /> (Cust.) (Minor) <br /> Under Uniform Transfers to Minors <br /> Act <br /> (State) <br /> Additional abbreviations may also be used though not in the list above. <br /> ASSIGNMENT <br /> FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto <br /> -10- <br />
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