Laserfiche WebLink
purpose or be entitled to any security or benefit under this Ordinance unless and until such <br /> certificate of authentication shall have been duly executed by the Bond Registrar by manual <br /> signature, and such certificate of authentication upon any such Bond shall be conclusive evidence <br /> that such Bond has been authenticated and delivered under this Ordinance. The certificate of <br /> authentication on any Bond shall be deemed to have been executed by it if signed by an authorized <br /> officer of the Bond Registrar,but it shall not be necessary that the same officer sign the certificate <br /> of authentication on all of the Bonds issued hereunder. <br /> Section 7. Optional Redemption, Term Bonds, Mandatory Redemption and Covenants. <br /> All or a portion of the Bonds, if any, due on and after the date, if any, specified in the Bond <br /> Notification, shall be subject to redemption prior to maturity at the option of the City from any <br /> available funds, as a whole or in part, and if in part in integral multiples of$5,000 in any order of <br /> their maturity as determined by the City(less than all of the Bonds of a single series and maturity <br /> to be selected by the Bond Registrar), on the date specified in the Bond Notification, if any, and <br /> on any date thereafter, at a price of par plus accrued interest to the redemption date. The Bonds <br /> may also be subject to mandatory redemption (as Term Bonds) as provided in the Bond <br /> Notification;provided, however, that in such event the amounts due as provided for under such <br /> mandatory redemption shall be the amount set forth in Section 4 of this Ordinance for the <br /> maximum amount of principal due on the Bonds in any given period. Bonds designated as Term <br /> Bonds shall be made subject to mandatory redemption by operation of the Bond Fund at a price of <br /> par plus accrued interest, on a given date of the years and in the amounts as shall be determined in <br /> the Bond Notification. <br /> The City covenants that it will redeem Term Bonds pursuant to the mandatory redemption <br /> requirement for such Term Bonds. Proper provision for mandatory redemption having been made, <br /> -12- <br />