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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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(i) 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 <br />redemption plus (A) the CUSIP numbers of all Bonds being redeemed; (B) the date of <br />issue of the Bonds as originally issued; (C) the rate of interest borne by each Bond being <br />redeemed; (D) the maturity date of each Bond being redeemed; and (E) any other <br />descriptive information needed to identify accurately the Bonds being redeemed. <br />(ii) If so directed by the City, each further notice of redemption shall <br />be sent at least thirty-five (35) days before the redemption date by registered or certified <br />mail or overnight delivery service to all registered securities depositories then in the <br />business of holding substantial amounts of obligations of types comprising the Bonds and <br />to one or more national information services that disseminate notices of redemption of <br />obligations such as the Bonds. <br />(iii) If so directed by the City, each such further notice shall be <br />published one time in The Bond Buyer of New York, New York or, if the Registrar <br />believes such publication is impractical or unlikely to reach a substantial number of the <br />holders of the Bonds, in some other financial newspaper or journal which regularly <br />carries notices of redemption of other obligations similar to the Bonds, such publication <br />to be made at least sixty (60) days prior to the date fixed for redemption. <br />Upon the payment of the redemption price of the Bonds (or portions <br />thereof] being redeemed and if so directed by the City, each check or other transfer of <br />funds issued for such purpose shall bear the CUSIP number identifying, by issue and <br />maturity, the Bonds (or portions thereof) being redeemed with the proceeds of such check <br />or other transfer. <br />- 17- <br />BDDB01 57384b8v1 <br />
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