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Autthorizing the acquistion, construction, and installation of certain improvements and extensions to sewage works, the issuance and sale of additional revenue bonds
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Autthorizing the acquistion, construction, and installation of certain improvements and extensions to sewage works, the issuance and sale of additional revenue bonds
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6/25/2009 8:45:24 AM
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6/25/2009 8:45:23 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/22/1998
Ord-Res Number
8919-98
Bill Number
51-98
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(unless waived by any such registered owner) at the address shown on the registration books of the <br />Registrar and Paying Agent, or at such other address as is furnished in writing by such registered <br />owner to the Registrar; provided, however, that failure to give such notice by mailing, or any defect <br />therein, with respect to any 1998 Bond shall not affect the validity of the proceedings for the <br />redemption of any other 1998 Bonds. The notice shall specify the redemption price, the date and <br />place of redemption, and the registration numbers (and, in case of partial redemption, the respective <br />principal amounts) of the 1998 Bonds called for redemption. The place of redemption may be at the <br />principal corporate trust office of the Registrar and Paying Agent or as otherwise determined by the <br />City. Interest on the 1998 Bonds (or portions thereof) so called for redemption shall cease to accrue <br />on the redemption date fixed in such notice, if sufficient funds are available at the place of <br />redemption to pay the redemption price on the redemption date and when such 1998 Bonds (or <br />portions thereof) are presented for payment. Any 1998 Bond redeemed in part may be exchanged <br />fora 1998 Bond or 1998 Bonds of the same maturity in authorized denominations equal to the <br />remaining principal amount thereof. <br />In addition to the foregoing notice, the City may also direct that further notice of <br />redemption of the 1998 Bonds be given, including without limitation and at the option of the City, <br />notice described in paragraph (a) below given by the Registrar and Paying Agent to the parties <br />described in paragraphs (b) and (c) below. No defect in any such further notice and no failure to give <br />all or any portion of any such further notice shall in any manner defeat the effectiveness of any call <br />for redemption of 1998 Bonds so long as notice thereof is mailed as prescribed above. <br />(a) If so directed by the City, each further notice of redemption given <br />hereunder shall contain the information required above for an official notice of redemption <br />plus (i) the CUSIP numbers of all 1998 Bonds being redeemed; (ii) the date of issue of the <br />1998 Bonds as originally issued; (iii) the rate of interest borne by each 1998 Bond being <br />redeemed; (iv) the maturity date of each 1998 Bond being redeemed; and (v) any other <br />descriptive information needed to identify accurately the 1998 Bonds being redeemed. <br />(b) If so directed by the City, each further notice of redemption shall be <br />sent at least thirty-five (35) days before the redemption date by registered or certified mail <br />or overnight delivery service to all registered securities depositories then in the business of <br />holding substantial amounts of obligations of types comprising the 1998 Bonds (such <br />-10- <br />:ODMA\PCDOCS\SBDOCS 1 U 494T3 <br />
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