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2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
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2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
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Last modified
1/13/2020 11:12:38 AM
Creation date
6/18/2019 7:08:15 PM
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Resolution/Ordinance
Res Ord Num
2019-46
Res Ord Title
2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City,
Department
Finance
Approved Date
6/17/2019
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notice by first class mail not less than 30 days and not more than 60 days prior to the date fixed <br /> for redemption to each registered owner of the Bond or Bonds to be redeemed at the address shown <br /> on the Bond Register or at such other address as is furnished in writing by such registered owner <br /> to the Bond Registrar. <br /> All official notices of redemption shall include the full name of the Bonds to be redeemed <br /> and at least the information as follows: <br /> (a) the redemption date; <br /> (b) the redemption price; <br /> (c) if less than all of the outstanding Bonds of a particular series and maturity are <br /> to be redeemed, the identification (and, in the case of partial redemption of Bonds within <br /> such series and maturity,the respective principal amounts) of the Bonds to be redeemed; <br /> (d) a statement that on the redemption date the redemption price will become due <br /> and payable upon each such Bond or portion thereof called for redemption and that interest <br /> thereon shall cease to accrue from and after said date; <br /> (e) the place where such Bonds are to be surrendered for payment of the <br /> redemption price, which place of payment shall be the principal corporate trust office of <br /> the Paying Agent; and <br /> (� such other information then required by custom,practice or industry standard. <br /> Unless moneys sufficient to pay the redemption price of the Bonds to be redeemed at the <br /> option of the City shall have been received by the Paying Agent prior to the giving of such notice <br /> of redemption, such notice may, at the option of the City, state that said redemption shall be <br /> conditional upon the receipt of such moneys by the Paying Agent on or prior to the date fixed for <br /> redemption. If such moneys are not received, such notice shall be of no force and effect,the City <br /> shall not redeem such Bonds, and the Bond Registrar shall give notice, in the same manner in <br /> which the notice of redemption shall have been given,that such moneys were not so received and <br /> -14- <br />
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