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60-18 Bond Financing for the Community Center Project
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60-18 Bond Financing for the Community Center Project
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Last modified
11/7/2018 2:09:11 PM
Creation date
11/7/2018 2:08:28 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/12/2018
Bill Number
60-18
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The Series 20_ Bonds are issuable in registered form without coupons in the <br /> denominations of$5,000 or any integral multiple thereof. This Series 20_Bond is transferable <br /> by the registered holder hereof in person or by his attorney duly authorized in writing at the <br /> principal office of the Trustee, but only in the manner, subject to the limitations and upon <br /> payment of the charges provided in the Indenture and upon surrender and cancellation of this <br /> Series 20_ Bond. Upon such transfer a new registered Series 20_ Bond will be issued to the <br /> transferee in exchange therefor. <br /> The Issuer and the Trustee may deem and treat the Registered Owner hereof as the <br /> absolute owner hereof for the purpose of receiving payment of or on account of principal hereof <br /> and interest due hereon and for all other purposes, and neither the Issuer nor the Trustee shall be <br /> affected by any notice to the contrary. <br /> The Series 20 Bonds maturing on or after 1, 20_, are subject to redemption <br /> at the option of the Issuer on any date on or after 1, 20_, in whole or in part, in <br /> order of maturity determined by the Issuer and by lot within maturities, at face value, plus <br /> accrued interest to the date fixed for redemption and without premium. <br /> The Series 20_ Bonds maturing on 1, 20_, are subject to mandatory <br /> sinking fund redemption on the dates shown below, in the principal amount shown below, plus <br /> accrued interest and without premium: <br /> Date Amount <br /> 1, 20_ $ <br /> 1, 20_* $ <br /> *Final Maturity <br /> If fewer than all of the Series 20_ Bonds at the time outstanding are to be called for <br /> redemption, the maturities of Series 20_ Bonds or portions thereof to be redeemed shall be <br /> selected by the Trustee at the direction of the Issuer. If fewer than all of the Series 20_ Bonds <br /> within a maturity are to be redeemed, the Trustee shall apply moneys available for redemption on <br /> a pro rata basis, based on the respective portion of the principal amount of Series 20_ Bonds <br /> held by the respective owners of the Series 20_ Bonds within such maturity that shall be <br /> redeemed. <br /> In the event any of the Series 20_ Bonds are called for redemption as aforesaid, notice <br /> thereof identifying the Bonds to be redeemed will be given by mailing a copy of the redemption <br /> notice by first class mail not less than thirty (30) days nor more than forty-five (45) days prior to <br /> the date fixed for redemption to the Registered Owner of the Series 20_Bonds to be redeemed <br /> at the address shown on the registration books; provided, however, that failure to give such <br /> notice by mailing, or any defect therein with respect to any registered Series 20_ Bond, shall <br /> not affect the validity of any proceedings for the redemption of other Series 20_Bonds. <br /> All Series 20_ Bonds so called for redemption will cease to bear interest on the <br /> specified redemption date, provided funds for their redemption are on deposit at the place of <br /> A-3 <br />
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