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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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8/27/2015 10:31:38 AM
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8/27/2015 10:31:33 AM
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Resolution/Ordinance
Res Ord Num
2010-79
Res Ord Title
PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Department
Finance
Approved Date
11/15/2010
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maturity, the particular Bonds or portions of Bonds to be redeemed shall be selected by lot not <br /> more than 60 days prior to the redemption date by the Bond Registrar for the Bonds of such <br /> maturity by such method of lottery as the Bond Registrar shall deem fair and appropriate; <br /> provided, however, that such lottery shall provide for the selection for redemption of Bonds or <br /> portions thereof so that any $5,000 Bond or $5,000 portion of a Bond shall be as likely to be <br /> called for redemption as any other such $5,000 Bond or$5,000 portion. <br /> The Bond Registrar shall promptly notify the City in writing of the Bonds or portions of <br /> Bonds selected for redemption and, in the case of any Bond selected for partial redemption, the <br /> 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 and at least the <br /> 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 /> -17- <br />
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