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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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being lost, stolen or destroyed shall, with respect to such Bonds, <br />constitute a substitute contractual obligation of the City, acting <br />for and on behalf of the Redevelopment District, whether or not the <br />lost, stolen or destroyed Bond shall be found at any time, and <br />shall be entitled to all the benefits of this Resolution, equally <br />and proportionately with any and all other Bonds duly issued <br />hereunder. <br />The Registrar or the Paying Agent may at any time resign <br />as Registrar or Paying Agent by giving thirty (30) days' written <br />notice to the Commission and by first -class mail to each registered <br />owner of Bonds then outstanding, and such resignation will take <br />effect at the end of such thirty (30) days or upon the earlier <br />appointment of a successor Registrar or Paying Agent, as the case <br />may be, by the Commission. Such notice to the Commission may be <br />served personally or be sent by registered mail. The Registrar or <br />Paying Agent may be removed at any time as Registrar or Paying <br />Agent by the Commission, in which event the Commission may appoint <br />a successor Registrar or Paying Agent as the case may be. The <br />Commission shall notify each registered owner of Bonds then <br />outstanding by first -class mail of the removal of the Registrar or <br />Paying Agent. Notices to registered owners of Bonds shall be <br />deemed to be given when mailed by first -class mail to the addresses <br />of such registered owners as they appear on the Bond Register. Any <br />predecessor Registrar shall deliver all the Bonds in its possession <br />and the Bond Register to the successor Registrar and any <br />predecessor Paying Agent shall deliver all the cash in its <br />possession to the successor Paying Agent. <br />The Bonds shall be executed in the name of the City, <br />acting for and on behalf of the Redevelopment District, by the <br />manual or facsimile signature of the Mayor of the City, and <br />attested by the manual or facsimile signature of the Controller, <br />who shall cause the official seal of the City to be impressed or <br />a facsimile thereof to be printed on each of the Bonds. Subject <br />to the provisions for registration, the Bonds shall be negotiable <br />under the laws of the State of Indiana. <br />The Bonds shall be authenticated with the manual <br />signature of an authorized representative of the Registrar, and no <br />Bond shall be valid or obligatory for any purpose or be entitled <br />to any security or benefit under this Resolution until the <br />certificate of authentication on such Bond shall have been so <br />executed. <br />2. The Bonds are subject to redemption prior to stated <br />maturity as follows: <br />(a) (i) The Bonds are subject to mandatory redemption <br />through operation of a sinking fund as described in <br />subsection (a) (ii) below at a redemption price of 100$ of the <br />-7- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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