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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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Registrar on behalf of the Commission by mailing a copy of an <br />official redemption notice by registered or certified mail at least <br />thirty ( 3 0 ) days and not more than sixty ( 60 ) days prior to the <br />date fixed for redemption to the registered owner of the bond or <br />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 <br />owner to the Registrar; provided, however, that failure to give <br />such notice, or any defect therein, with respect to any bond shall <br />not affect the validity of any proceedings for the redemption of <br />other bonds. <br />Official notice of redemption having been given as <br />aforesaid, the bonds, or portions of bonds so to be redeemed shall, <br />on the redemption date, become due and payable at the redemption <br />price therein specified, and from and after such date (unless the <br />Commission shall default in the payment of the redemption price) <br />such bonds or portions of bonds shall cease to bear interest. Upon <br />surrender of such bonds for redemption in accordance with said <br />notice, such bonds shall be paid by the Paying Agent at the <br />redemption price. Bonds redeemed in part may be exchanged for a <br />bond or bonds of the same maturity in Authorized Denominations <br />equal to the remaining principal amount. <br />The principal of and interest on this bond and all other <br />bonds of the issue of which this bond is a part, and any bonds <br />' hereafter issued ranking on a parity herewith are payable solely <br />�+ out of the Tax Increment. <br />This bond is transferable or exchangeable only upon the <br />Bond Register by the Registered Owner hereof in person, or by his <br />attorney duly authorized in writing, upon surrender of this bond <br />together with a written instrument of transfer or exchange <br />satisfactory to the Registrar duly executed by the Registered Owner <br />or his attorney duly authorized in writing and thereupon a new <br />fully registered bond or bonds in the same aggregate principal <br />amount and of the same maturity shall be executed and delivered in <br />the name of the transferee or transferees or the Registered Owner, <br />as the case may be, in exchange therefor. This bond may be <br />transferred or exchanged without cost to the Registered Owner, <br />except for any tax or governmental charge required to be paid with <br />respect to the exchange. The Registrar shall not be required to <br />transfer or exchange this bond if it has been called for redemption <br />or during the period from the fifteenth day of any calendar month <br />immediately preceding an interest payment date to such interest <br />payment date. <br />The City, the Commission, the Registrar and Paying Agent <br />may treat and consider the person in whose name this bond is <br />registered as the absolute owner hereof for all purposes including <br />for the purpose of receiving payment of, or on account of, the <br />principal hereof and interest due hereon. <br />-14- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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