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No. 2026 amending resolution No. 1965-a bond resolution of the SBRC authorizing the issuance of tax increment revenue bonds, series 2003, of the SB redevelopment district as previously amended by resolution No. 2004 and No. 2017
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No. 2026 amending resolution No. 1965-a bond resolution of the SBRC authorizing the issuance of tax increment revenue bonds, series 2003, of the SB redevelopment district as previously amended by resolution No. 2004 and No. 2017
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accrued on the Bonds so redeemed to the date fixed for redemption, and without <br />premium. <br />Unless waived by any holder of Bonds to be redeemed, official <br />notice of any such redemption shall be given by the Registrar on behalf of the <br />Commission identifying the Bonds, by mailing a copy of an official redemption <br />notice by registered or certified mail at least thirty (30) days and not more than <br />sixty (60) days prior to the date fixed for redemption to the registered owner of <br />the Bond or Bonds to be redeemed at the address shown on the Bond Register or <br />at such other address as is furnished in writing by such registered owner to the <br />Registrar; provided, however, that failure to give such notice by mailing, or any <br />defect therein, with respect to any Bond shall not affect the validity of any <br />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 <br />respective principal amounts) of the Bonds to be redeemed, <br />(4) that on the redemption date the redemption price will <br />become due and payable upon each such Bond or portion <br />thereof called for redemption, and that interest thereon shall <br />cease to accrue from and after said date, and <br />(5) the place where such Bonds are to be surrendered for <br />payment of the redemption price, which place of payment <br />shall be the place provided for the payment of the principal <br />of and premium, if any, on the Bonds. <br />Prior to any redemption date, the Commission shall deposit with <br />the Paying Agent an amount of money sufficient to pay the redemption price of <br />all the Bonds or portions of Bonds which are to be redeemed on that date. <br />Official notice of redemption having been given as aforesaid, the <br />Bonds or portions of Bonds so to be redeemed shall, on the redemption date, <br />become due and payable at the redemption price therein specified, and from and <br />after such date (unless the Commission shall default in the payment of the <br />redemption price) such Bonds or portions of Bonds shall cease to bear interest. <br />Upon surrender of such Bonds for redemption in accordance with said notice, <br />such Bonds shall be paid by the Paying Agent at the redemption price. Bonds <br />redeemed in part may be exchanged for a Bond or Bonds of the same maturity in <br />SBIMANI 167906v1 - 6 - <br />
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