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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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principal amount redeemed, plus interest accrued to the redemption <br />date, and at maturity, on the dates and in the principal amounts <br />specified in the Purchase Agreement referred to in Section 9 of <br />this Resolution. <br />(ii) As and for a sinking fund for the <br />redemption of the principal of the Bonds, the <br />Commission will, until all of the Bonds are <br />paid or payment thereof provided for, cause to <br />be deposited with the Paying Agent on each <br />date on which a mandatory redemption payment <br />is due (each such date being herein called a <br />"Sinking Fund Payment Date "), the required <br />amounts as set forth in the Purchase <br />Agreement. Each such payment shall be applied <br />to the redemption of Bonds on such Sinking <br />Fund Payment Date, as set forth in the <br />Purchase Agreement. Any redemption of less <br />than the entire unpaid principal amount of the <br />Bonds pursuant to Section 2(b) shall not <br />relieve the sinking fund obligation under this <br />Section 2(a). <br />(iii) The Registrar shall select the <br />Bonds to be redeemed on each Sinking Fund <br />Payment Date by lot in the manner specified in <br />Section 2(c). The redemption of such Bonds <br />shall be made upon the terms and in the manner <br />stated in Section 2(d). <br />(b) The Bonds are subject to redemption at the option <br />of the Commission at any time after issuance thereof, only in <br />Authorized Denominations, as a whole or in part from time to time, <br />in multiples of $5, 000 (with the Bonds to be selected by lot in <br />such manner as may be designated by the Registrar, in case of <br />redemption in part) , at face value plus interest accrued on the <br />Bonds so redeemed to the date fixed for redemption, and without <br />premium. <br />(c) If less than all the Bonds are to be redeemed, then <br />for all purposes in connection with such redemption and the <br />selection by lot of the Registrar of the outstanding Bonds to be <br />redeemed, each $5,000 of principal amount of each outstanding Bond <br />in a denomination greater than $5,000 shall be treated as though <br />it were a separate Bond of the denomination of $5,000. <br />For all purposes of this Resolution, unless the context <br />otherwise requires, all provisions relating to the redemption of <br />Bonds shall relate, in the case of any Bond redeemed or to be <br />redeemed only in part, to the portion of the principal of such Bond <br />which has been or is to be redeemed. <br />-8- <br />\rlhill \sthbnd \airport \general \finalbd;lh;August 31, 1990 <br />
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