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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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(d) Unless waived by any holder of Bonds to be redeemed, <br />official notice of any such redemption shall be given by the <br />Registrar on behalf of the Commission identifying the Bonds, by <br />mailing a copy of an official redemption notice by registered or <br />certified mail at least thirty (30) days and not more than sixty <br />(60) days prior to the date fixed for redemption to the registered <br />owner of the Bond or Bonds to be redeemed at the address shown on <br />the Bond Register or at such other address as is furnished in <br />writing by such registered owner to the Registrar; provided, <br />however, that failure to give such notice by mailing, or any defect <br />therein, with respect to any Bond shall not affect the validity of <br />any proceedings for the redemption of other Bonds. <br />All official notices of redemption shall be dated and <br />shall state: <br />(1) the redemption date, <br />(2) the redemption price, <br />(3) if less than all outstanding Bonds are to be <br />redeemed, the identification (and, in the case of <br />partial redemption, the respective principal <br />amounts) of the Bonds to be redeemed, <br />(4) that on the redemption date the redemption price <br />will become due and payable upon each such Bond or <br />portion thereof called for redemption, and that <br />interest thereon shall cease to accrue from and <br />after said date, and <br />(5) the place where such Bonds are to be surrendered for <br />payment of the redemption price, which place of <br />payment shall be the place provided for the payment <br />of the principal of the Bonds. <br />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 Bonds or portions of Bonds which <br />are to be redeemed on that date. <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 />-9- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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