My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
No. 1422 authorizing the issuance and sale of special taxing district refunding bonds of the SB redevelopment district for the purpose of advance refunding the COSB redevelopment district bonds of 1990
sbend
>
Public
>
Redevelopment Commission
>
Resolutions
>
No. 1422 authorizing the issuance and sale of special taxing district refunding bonds of the SB redevelopment district for the purpose of advance refunding the COSB redevelopment district bonds of 1990
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/18/2012 2:30:27 PM
Creation date
9/13/2011 4:37:09 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
11 <br />The Bonds shall be authenticated with the manual signature of an authorized <br />representative of the Registrar, and no Bond shall be valid or obligatory for any purpose or <br />be entitled to any security or benefit under this Resolution until the certificate of <br />authentication on such Bond shall have been so executed. <br />SECTION 2. The Bonds maturing on February 1, 2004, and thereafter, are <br />redeemable prior to maturity on February 1, 2003, or any date thereafter, at the option of <br />the Commission in whole or in part in the amount of Five Thousand Dollars ($5,000), or <br />integral multiples thereof, in order of maturities determined by the Commission and by lot <br />(in such manner as the Registrar shall determine) within a maturity. Bonds so redeemed <br />shall be redeemed on such redemption date at a redemption price expressed as a percentage <br />of the principal amount of each Bond to be redeemed plus accrued interest to the <br />redemption date on the principal amount to be redeemed in accordance with the following: <br />Redemption Date <br />(Both Dates Inclusive) Redemption Price <br />February 1, 2003, or thereafter on or 101% <br />before January 31, 2004 <br />February 1, 2004, or thereafter on or 100.5% <br />before January 31, 2005 <br />February 1, 2005, and thereafter prior 100% <br />prior to maturity <br />At the option of the underwriter, the underwriter may aggregate the Bonds <br />into one or more term bonds payable from mandatory sinking fund redemption payments <br />(the "Term Bonds ") required to be made as set forth below. The Term Bonds shall have <br />a stated maturity or maturities on February 1. Such Term Bonds shall be subject to <br />mandatory sinking fund redemption prior to maturity at a redemption price equal to 100% <br />of the principal amount thereof, plus accrued interest to the redemption date, but without <br />premium, on February 1 in the years and in the principal amounts as selected by the <br />underwriter. The Trustee shall credit against the mandatory sinking fund requirement for <br />the Bonds aggregated into Term Bonds, and corresponding mandatory redemption <br />obligation, in the order determined by the Commission, any of the Bonds aggregated into <br />Term Bonds which have been previously redeemed (otherwise than as a result of a previous <br />mandatory redemption requirement) or delivered to the Trustee for cancellation or <br />purchased for cancellation by the Commission and not therefore applied as a credit against <br />any redemption obligation. Each Bond maturing as a Term Bond so delivered or cancelled <br />shall be credited by the Trustee at one hundred (100 %) percent of the principal amount <br />thereof against the mandatory sinking fund obligation on such mandatory sinking fund date, <br />and any excess of such amount shall be credited on future redemption obligations, and the <br />principal amount of the Bonds to be redeemed by operation of the mandatory sinking fund <br />requirement shall be accordingly reduced; provided, however, that the Trustee shall only <br />ME <br />
The URL can be used to link to this page
Your browser does not support the video tag.