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Approving Economic Development Bonds - South Bend Forge Inc
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Approving Economic Development Bonds - South Bend Forge Inc
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5/22/2013 10:20:12 AM
Creation date
5/22/2013 10:02:57 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/27/1980
Ord-Res Number
6781-80
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which sufficient moneys or investments are held by the Trustee as provided <br />in Section 8.02 of the Indenture shall be redeemed on the redemption date, <br />or paid at earlier maturity, in accordance with this paragraph and not <br />otherwise. <br />The Series 1980 Bonds are subject to original redemption by the Issuer <br />at the request of the Company, prior to stated maturity in whole, on any <br />Interest Payment Date at a redemption price of 100% of the principal amount <br />to be so redeemed plus accrued interest to the redemption date. <br />If less than all of the outstanding Series 1980 Bonds are called for <br />redemption at one time, such Series 1980 Bonds, or portions of fully <br />registered Series 1980 Bonds, shall be called on a pro rata basis among the <br />bondholders in inverse order of the principal installments due. <br />Notice of the call for redemption of Series 1980 Bonds, or portions <br />thereof, identifying the amount to be redeemed, the redemption price to be <br />paid, the date fixed for redemption and the place where the amounts due <br />upon such redemption are payable, shall be given by the Trustee on behalf <br />of the Issuer by mailing a copy of the redemption notice by certified mail <br />at least five (5) days prior to the date fixed for redemption to the <br />registered holders of the Series 1980 Bonds. <br />Bond service charges on the Series 1980 Bonds shall be payable to the <br />bondholders, without deduction for services of any Paying Agent by check <br />mailed by the Trustee to the registered bondholders at the address shown on <br />the list of bondholders maintained pursuant to Section 11(f) hereof. <br />The Series 1980 Bonds shall be executed on behalf of the Issuer with <br />the manual or facsimile signature of the Executive of the Legislative <br />Authority of the Issuer, shall bear the seal of the Issuer or a facsimile <br />thereof and shall be attested to with the manual or facsimile signature of <br />the Fiscal Officer of the Legislative Authority, provided that at least one <br />of such signatures shall be manual. <br />- 10 - <br />
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