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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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Section XXVII. Payments on Holidays. Ifthe date of making any payment or the <br />last date for performance of any act or the exercising of any right, as provided in this Ordinance, <br />shall be a legal holiday or a day on which banking institutions in the City or the city in which the <br />Registrar and Paying Agent is located are typically closed, such payment may be made or act <br />performed or right exercised on the next succeeding day not a legal holiday or a day on which <br />such banking institutions are typically closed, with the same force and effect as if done on the <br />nominal date provided in this Ordinance, and no interest shall accrue for the period after such <br />nominal date. Notwithstanding the foregoing, with respect to any series of Bonds sold to the <br />Authority pursuant to Section VIII of this Ordinance, if the date for making any payment is a day <br />when financial institutions are not open for business, such payment shall be made on the business <br />day immediately preceding such payment date. <br />Section XXVIII. Captions. The captions in this Ordinance are inserted only as a <br />matter of convenience and reference, and such captions are not intended and shall not be <br />construed to define, limit, establish, interpret or describe the scope, intent or effect of any <br />provision of this Ordinance. <br />Section XXIX. Effectiveness. This Ordinance shall be in full force and effect <br />from and upon compliance with the procedures required by law. <br />ATTEST: <br />City Jerk <br />BDDBOI 5738468v1 <br />COMMON COUNCIL <br />THE CITY OF SOUTH BEND, INDIANA <br />ember of the Common Council <br />-51- <br />
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