No. 0819 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985 & 1986 for purpose of raising money for property acquisition and redevelopment in SBCAA

Home Browse Search

by check or draft mailed or delivered to the registered owners of the Series 1988 Bonds at the address as it appears on the Series 1988 Bond Register as of the fifteenth day of the month immediately preceding the interest payment date or at such other address as provided to the Paying Agent in writing by such registered owners. All payments on the Series 1988 Bonds shall be made in lawful money of the United States of America. The Controller is hereby authorized and directed, on behalf of the Commission, to enter into such agreements or understandings with the Paying Agent as will enable it to perform the services required of a paying agent, and is directed to pay the Paying Agent for its services out of available funds. The Registrar or the Paying Agent may at any time resign as Registrar or Paying Agent by giving thirty (30) days' written notice to the Commission and by first -class mail to each registered owner of the Series 1988 Bonds then outstanding, and such resignation will take effect at the end of such thirty (30) days or upon the earlier appointment of a successor Registrar or Paying Agent, as the case may be, by the Commission. Such notice to the Commission may be served personally or be sent by registered mail. The Registrar or Paying Agent may be removed at any time as Registrar or Paying Agent by the Commission, in which event the Commission may appoint a successor Registrar or Paying Agent as the case may be. The Commission shall notify each registered owner of Series 1988 Bonds then outstanding by first -class mail of the removal of the Registrar or Paying Agent. Notices to registered owners of Series 1988 Bonds shall be deemed to be given when mailed by first -class mail to the addresses of such registered owners as they appear on the Series 1988 Bond Register. Any predecessor Registrar shall deliver all the Series 1988 Bonds in its possession and the Series 1988 Bond Register to the successor Registrar and any predecessor Paying Agent shall deliver all the cash in its possession to the successor Paying Agent. The Series 1988 Bonds shall be executed in the name of the City, acting for and on behalf of the Redevelopment District, by the manual or facsimile signature of the Mayor of the City, and attested by the manual or facsimile signature of the Controller, who shall cause the official seal of the City to be impressed or a facsimile thereof to be printed on each of the Series 1988 Bonds. Subject to the provi- sions for registration, the Series 1988 Bonds shall be negotiable under the laws of the State of Indiana. The Series 1988 Bonds shall be authenticated with the manual signature of an authorized representative of the Registrar, and no Series 1988 Bond shall be valid or obligatory for any purpose until the certificate of authentication on such Series 1988 Bond shall have been so executed. SECTION 2. Series 1988 Bonds maturing on or after February 1, 2000, shall be subject to prior redemption on and after February 1, 1999, at the option of the Commission, in whole on any date or in part (only in Authorized Denominations), in any order of maturity selected by the Commission and by lot (in such manner as the Regis- -8-