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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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Last modified
12/3/2009 11:51:05 AM
Creation date
8/20/2009 12:22:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/10/2009
Ord-Res Number
9951-09
Bill Number
56-09
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of the Bonds called for redemption (unless waived by any such registered owner) at the <br />address shown on the registration books of the Registrar and Paying Agent, or at such <br />other address as is furnished in writing by such registered owner to the Registrar; <br />provided, however, that failure to give such notice by mailing, or any defect therein, with <br />respect to any Bond shall not affect the validity of the proceedings for the redemption of <br />any other Bonds. The notice shall specify the redemption price, the date and place of <br />redemption, and the registration numbers (and, in case of partial redemption, the <br />respective principal amounts) of the Bonds called for redemption. The place of <br />redemption may be at the principal corporate trust office of the Registrar and Paying <br />Agent or as otherwise determined by the City. Interest on the Bonds (or portions thereof) <br />so called for redemption shall cease to accrue on the redemption date fixed in such notice, <br />if sufficient funds are available at the place of redemption to pay the redemption price on <br />the redemption date and when such Bonds (or portions thereof) are presented for <br />payment. Any Bond redeemed in part may be exchanged for a Bond or Bonds of the <br />same maturity in authorized denominations equal to the remaining principal amount <br />thereof. <br />In addition to the foregoing notice, the City may also direct that further <br />notice of redemption of the Bonds be given, including without limitation and at the <br />option of the City, notice described in paragraph (i} below given by the Registrar and <br />Paying Agent to the parties described in paragraphs (ii) and (iii) below. No defect in any <br />such further notice and no failure to give all or any portion of any such further notice <br />shall in any manner defeat the effectiveness of any call for redemption of Bonds so long <br />as notice thereof is mailed as prescribed above. <br />-16- <br />BDDBOI 5738468v1 <br />
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