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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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9/24/2009 2:28:11 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/23/1997
Ord-Res Number
8801-97
Bill Number
52-97
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redemption to the address of the registered owner of each bond to be redeemed as <br />shown on the registration record of the City except to the extent such redemption <br />notice is waived by owners of the bond or bonds redeemed, provided, however, <br />that failure to give such notice by mailing, or any defect therein, with respect to <br />any bond shall not affect the validity of any proceedings for the redemption of any <br />other bonds. The notice shall specify the date and place of redemption, the <br />redemption price and the CUSIP numbers of the bonds called for redemption. The <br />place of redemption may be determined by the City. Interest on the bonds so <br />called for redemption shall cease on the redemption date fixed in such notice if <br />sufficient funds are available at the place of redemption to pay the redemption price <br />on the date so named, and thereafter, such bonds shall no longer be protected by <br />the Ordinance and shall not be deemed to be outstandingthereunder. <br />This bond is subject to defeasance prior to payment or redemption as <br />provided in the Ordinance. <br />If this bond shall not be presented for payment or redemption on the date <br />fixed therefor, tl~e City may deposit in trust with the Paying Agent or another <br />paying agent, an amount suffcient to pay such bond or the redemption price, as <br />the case may be, and thereafter the Registered Owner shall look only to the funds <br />so deposited in trust for payment and the City shall have no further obligation or <br />liability in respect thereto. <br />This bond is transferable or exchangeable only upon the registration record <br />kept for that purpose at the office of the Registrar by the Registered Owner in <br />person, or by his attorney duly authorized in writing, upon surrender of this bond <br />together with a written instrument of transfer or exchange satisfactory to the <br />Registrar duly executed by the Registered Owner or such attorney, and thereupon <br />a new fully registered bond or bonds in the same aggregate principal amount, and <br />of the same maturity, shall be executed and delivered in the name of the transferee <br />or transferees or the Registered Owner, as the case may be, in exchange therefor. <br />This bond may be transferred or exchanged without cost to the Registered Owner <br />except for any tax or governmental charge required to be paid with respect to the <br />transfer or exchange. The City, the Registrar, the Paying Agent and any other <br />registrar or paying agent for this bond may treat and consider the person in whose <br />name this bond is registered as the absolute owner hereof for all purposes including <br />for the purpose of receiving payment of, or on account of, the principal hereof and <br />interest and premium, if any, due hereon. <br />The bonds maturing on any maturity date are issuable only in the <br />denomination of $5,000 or any integral multiple thereof. <br />A Continuing Disclosure Contract from the City to each registered owner <br />or holder of any bond, dated as of the date of initial issuance of the Bonds (the <br />-13- <br />
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