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No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA
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No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA
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made in lawful money of the United States of America. The <br />Controller is hereby authorized and directed, on behalf of the <br />Commission, to enter into such agreements or understandings with <br />the Paying Agent as will enable it to perform the services required <br />of a paying agent, and is directed to pay the Paying Agent for its <br />services out of available funds. <br />The Registrar or the Paying Agent may at anytime <br />resign as Registrar or Paying Agent by giving thirty (30) days' <br />written notice to the Commission and by first -class mail to each <br />registered owner of the Series 1992 Bonds then outstanding, and <br />such resignation will take effect at the end of such thirty (30) <br />days or upon the earlier appointment of a successor Registrar or <br />Paying Agent, as the case may be, by the Commission. Such notice <br />to the Commission may be served personally or be sent by registered <br />mail. The Registrar or Paying Agent may be removed at any time as <br />Registrar or Paying Agent by the Commission, in which event the <br />Commission may appoint a successor Registrar or Paying Agent as the <br />case may be. The Commission shall notify each registered owner of <br />Series 1992 Bonds then outstanding by first -class mail of the <br />removal of the Registrar or Paying Agent. Notices to registered <br />owners of Series 1992 Bonds shall be deemed to be given when mailed <br />by first -class mail to the addresses of such registered owners as <br />they appear on the Series 1992 Bond Register. Any predecessor <br />Registrar shall deliver all the Series 1992 Bonds in its possession <br />and the Series 1992 Bond Register to the successor Registrar and <br />any predecessor Paying Agent shall deliver all the cash in its <br />possession to the successor Paying Agent. <br />The Series 1992 Bonds shall be executed in the name <br />of the City, acting for and on behalf of the Redevelopment <br />District, by the manual or facsimile signature of the Mayor of the <br />City, and attested by the manual or facsimile signature of the <br />Controller, who shall cause the official seal of the City to be <br />impressed or a facsimile thereof to be printed on each of the <br />Series 1992 Bonds. Subject to the provisions for registration, the <br />Series 1992 Bonds shall be negotiable under the laws of the State <br />of Indiana. <br />The Series 1992 Bonds shall be authenticated with <br />the manual signature of an authorized representative of the <br />Registrar, and no Series 1992 Bond shall be valid or obligatory for <br />any purpose until the certificate of authentication on such Series <br />1992 Bond shall have been so executed. <br />SECTION 2. The Series 1992 Bonds are subject to <br />redemption at the option of the Commission, on August 1, 1993, and <br />on each succeeding February 1 and August 1 thereafter, as a whole <br />or in part from time to time, (only in Authorized Denominations), <br />in any order of maturity selected by the Commission and by lot (in <br />such manner as the Registrar shall determine) within a maturity, <br />at face value plus interest accrued on the Bonds so redeemed to the <br />11 <br />
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