My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Autthorizing the acquistion, construction, and installation of certain improvements and extensions to sewage works, the issuance and sale of additional revenue bonds
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1998
>
Autthorizing the acquistion, construction, and installation of certain improvements and extensions to sewage works, the issuance and sale of additional revenue bonds
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/25/2009 8:45:24 AM
Creation date
6/25/2009 8:45:23 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/22/1998
Ord-Res Number
8919-98
Bill Number
51-98
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
In the event that any 1998 Bond is not presented for payment or redemption on the <br />date established therefor, the City may deposit in trust with the Paying Agent an amount sufficient <br />to pay such 1998 Bond or the redemption price thereof, as appropriate, and thereafter the owner of <br />such 1998 Bond shall look only to the funds so deposited intrust with the Paying Agent for payment <br />and the City shall have no further obligation or liability with respect thereto. <br />Interest on Bonds sold to the State of Indiana or the Indiana Bond Bank to finance <br />Eligible Costs (as defined in the Financial Assistance Agreement) shall be paid from the date which <br />is two (2) years after the date of delivery of the Bonds. Interest on Bonds issued to finance all other <br />costs which are authenticated on or before the Record date which precedes the first interest payment <br />date shall be paid from their original date. Interest on Bonds authenticated subsequent to the Record <br />Date which proceeds the first interest payment date thereon shall be paid from the interest payment <br />date to which interest has been paid as of the date on which such Bonds are authenticated, unless a <br />Bond is authenticated between the Record Date and the interest payment date in which case the <br />interest shall be paid from such interest payment date. <br />Section 4. Optional Redemption of the 1998 Bonds. The 1998 Bonds shall be subject <br />to redemption at the option of the City, in whole or in part, upon sixty (60) days written notice to the <br />registered owner or owners of 1998 Bonds to be redeemed, on any date on or after December 1, <br />2008, in inverse order of maturity and by lot within any such maturity or maturities by the Registrar, <br />at a redemption price expressed as a percentage of the principal amount of each 1998 Bond to be <br />redeemed in accordance with the following schedule, plus accrued interest to the redemption date: <br />Redemption Period <br />(Both Dates Inclusive) <br />Redemption Price <br />December 1, 2008, through November 30, 2009 102% <br />December 1, 2009, through November 30, 2010 101% <br />December 1, 2010, and thereafter prior to maturity 100% <br />Official notice of such redemption shall be mailed by the Registrar and Paying Agent <br />by certified or registered mail at least sixty (60) days and not more than ninety (90) days prior to the <br />scheduled redemption date to each of the registered owners of the 1998 Bonds called for redemption <br />-9- <br />::ODMA\PCDOCS\SBDOCS 1\14947\3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.