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2012-78 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
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2012-78 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
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8/24/2015 10:02:57 AM
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Resolution/Ordinance
Res Ord Num
2012-78
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $30,000,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
Department
Finance
Approved Date
11/5/2012
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redemption of less than all of the Bonds of a single maturity, the particular Bonds or portions of <br /> Bonds to be redeemed shall be selected by lot not more than 60 days prior to the redemption date <br /> by the Bond Registrar for the Bonds of such maturity by such method of lottery as the Bond <br /> Registrar shall deem fair and appropriate; provided, however, that such lottery shall provide for <br /> the selection for redemption of Bonds or portions thereof so that any $5,000 Bond or $5,000 <br /> portion of a Bond shall be as likely to be called for redemption as any other such$5,000 Bond or <br /> $5,000 portion. <br /> The Bond Registrar shall promptly notify the City and the Paying Agent in writing of the <br /> Bonds or portions of Bonds selected for redemption and, in the case of any Bond selected for <br /> partial redemption, the principal amount thereof to be redeemed. <br /> Unless waived by the registered owner of Bonds to be redeemed, official notice of any <br /> such redemption shall be given by the Bond Registrar on behalf of the City by mailing the <br /> redemption notice by first class mail not less than 30 days and not more than 60 days prior to the <br /> date fixed for redemption to each registered owner of the Bond or Bonds to be redeemed at the <br /> address shown on the Bond Register or at such other address as is furnished in writing by such <br /> registered owner 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 maturity are to be <br /> redeemed, the identification (and, in the case of partial redemption of Bonds within such <br /> maturity, the respective principal amounts) of the Bonds to be redeemed; <br /> -13- <br /> 28 <br />
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