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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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date fixed for redemption, and without premium. The Series 1992 <br />Bonds so redeemed shall be redeemed on such redemption date at a <br />CW price of one hundred percent (100 %) of the principal amount of the <br />Series 1992 Bonds outstanding to be redeemed plus accrued interest <br />to the redemption date on the principal amount to be redeemed, and <br />without premium. <br />Unless waived by any holder of Series 1992 Bonds to be <br />redeemed, official notice of any such redemption shall be given by <br />the Registrar on behalf of the Commission identifying the Series <br />1992 Bonds, by mailing a copy of an official redemption notice by <br />registered or certified mail at least thirty (30) days and not more <br />than sixty (60) days prior to the date fixed for redemption to the <br />registered owner of the Series 1992 Bond or Series 1992 Bonds to <br />be redeemed at the address as is furnished in writing by such <br />registered owner to the Registrar; provided, however, that failure <br />to give such notice by mailing, or any defect therein, with respect <br />to any Series 1992 Bond shall not affect the validity of any <br />proceedings for the redemption of other Series 1992 Bonds. <br />All official notices of redemption shall be dated and <br />shall state: <br />AM (1) The redemption date; <br />(2) The redemption price; <br />(3) If less than all outstanding Series 1992 Bonds are <br />to be redeemed, the identification (and, in the case <br />of partial redemption, the respective principal <br />amounts) of the Series 1992 Bonds to be redeemed; <br />(4) That on the redemption date the redemption price <br />will become due and payable upon each such Series <br />1992 Bond or portion thereof called for redemption, <br />and that interest thereon shall cease to accrue from <br />and after said date, and <br />(5) The place where such Series 1992 Bonds are to be <br />surrendered for payment of the redemption price, <br />which place of payment shall be the place provided <br />for the payment of the principal of and premium, if <br />any, on the Series 1992 Bonds. <br />ArN Prior to any redemption date, the Commission shall <br />deposit with the Paying Agent an amount of money sufficient to pay <br />the redemption price of all the Series 1992 Bonds or portions of <br />the Series 1992 Bonds which are to be redeemed on that date. <br />12 <br />
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