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number of the holders of the Bonds, in some other financial newspaper or journal <br />which regularly carries notices of redemption of other obligations similar to the <br />Bonds, such publication to be made at least sixty (60) days prior to the date fixed <br />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 />(b) Mandatory Sinking Fund Redemption. The Bonds may be subject <br />to mandatory sinking fund redemption as set forth herein. At the option of the successful <br />bidder for each series of the Bonds, all or a portion of the Bonds of a particular series <br />may be aggregated into one or more term bonds payable from mandatory sinking fund <br />redemption payments (the "Term Bonds") required to be made as set forth below. The <br />Term Bonds shall have a stated maturity or maturities on December 1 of the years in <br />which the Bonds are outstanding as determined pursuant to Section III hereof or as <br />determined by the successful bidder. <br />In the event that the successful bidder opts to aggregate certain Bonds of a <br />particular series into Term Bonds, such Term Bonds shall be subject to mandatory <br />sinking fund redemption prior to maturity at a redemption price equal to 100% of the <br />principal amount thereof, plus accrued interest to the redemption date, but without <br />premium, on December 1 of each year and in the principal amounts corresponding to and <br />consistent with the maturity schedule for the Bonds set forth in the bond sale notice. <br />The Registrar and Paying Agent shall credit against the current mandatory <br />sinking fund requirement for a Term Bond of a particular maturity, any Bonds of such <br />maturity delivered to the Registrar and Paying Agent for cancellation or purchased for <br />cancellation by the Registrar and Paying Agent and cancelled by the Registrar and Paying <br />Agent and not theretofore applied as a credit against any mandatory sinking fund <br />requirement. Each Bond so delivered or purchased shall be credited by the Registrar and <br />Paying Agent at 100% of the principal amount thereof against the mandatory sinking <br />fund redemption requirements for the applicable Term Bond in order of mandatory <br />sinking fund redemption (or final maturity) dates determined by the Clerk, and the <br />principal amount of such Term Bond to be redeemed on such mandatory sinking fund <br />redemption dates by operation of the mandatory sinking fund requirements shall be <br />reduced accordingly; provided, however, the Registrar and Paying Agent shall only credit <br />Bonds against the mandatory sinking fund requirements to the extent such Bonds are <br />received on or before 45 days preceding the applicable mandatory sinking fund <br />redemption date. <br />The Registrar shall determine by lot (treating each $5,000 principal <br />amount of each Bond as a separate Bond for such purpose) the Bonds within a Term <br />BDDBOI 4347413v2 - 9 - <br />