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1992-06-18 Resolution 56
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1992-06-18 Resolution 56
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7/18/2008 5:17:12 PM
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• held by it, and (c) that this Agreement has been released in <br />accordance with the provisions of this Section. <br />All moneys, and obligations and time certificates of deposit <br />held by the Trustee pursuant to this Section shall be held in trust <br />and said moneys and the principal and interest of said obligations <br />and time certificates of deposit when received, applied to the <br />payment, when due, of the principal and the interest and the <br />premium, if any, of the Bonds so called for redemption. <br />Sec. 8.02. Any Bond not presented at the proper time and <br />place for payment shall, within the meaning of this Agreement, be <br />deemed to be fully paid when due if the money necessary to <br />discharge the principal amount thereof and all interest then <br />accrued and unpaid thereon (and the premium required in case of <br />redemption before maturity) is held by the Trustee when or before <br />the same become due. The holder of any such Bond shall not be <br />entitled to any interest thereon after the maturity thereof nor to <br />any interest upon money so held by the Trustee. <br /> <br />-34- <br />
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