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2005-90 PROVIDING FOR THE ISSUANCE OF A GENERAL OBLIGATION NOTE
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2005-90 PROVIDING FOR THE ISSUANCE OF A GENERAL OBLIGATION NOTE
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12/4/2015 10:57:38 AM
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12/4/2015 10:57:23 AM
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Resolution/Ordinance
Res Ord Num
2005-90
Res Ord Title
PROVIDING FOR THE ISSUANCE OF A NOT TO EXCEED $2,600,000 GENERAL OBLIGATION NOTE (OLDE TOWNE REDEVELOPMENT PROJECT), SERIES 2005
Approved Date
10/17/2005
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f � <br /> (c) if less than all of the Note is to be redeemed, the principal amount of the <br /> Note to be redeemed; <br /> (d) a statement that on the redemption date the redemption price will become <br /> due and payable upon the Note or portion thereof called for redemption and that interest <br /> thereon shall cease to accrue from and after said date; and <br /> (e) the place where the Note is to be sunendered for payment of the redemption <br /> price, which place of payment shall be the principal office of the Paying Agent. <br /> Notice of redemption having been given as aforesaid, the Note or portion of the Note so <br /> to be redeemed shall, on the redemption date, become due and payable at the redemption price <br /> therein specified, and from and after such date (unless the City shall default in the payment of the <br /> redemption price) such Note or portion of the Note shall cease to bear interest. <br /> Notice having been properly given, failure of a registered Noteholder to receive such �I <br /> notice shall not be deemed to invalidate, limit or delay the effect of the notice or the redemption I'' <br /> action described in the notice. Such notice may be waived in writing by a registered owner of the <br /> Note, either before or after the event, and such waiver shall be the equivalent of such notice. <br /> Waivers of notice shall be filed with the Note Registrar, but such filing shall not be a condition <br /> precedent to the validity of any action taken in reliance upon such waiver. <br /> Upon surrender of the Note for redemption in accordance with said notice, the Note shall <br /> be paid by the Paying Agent at the redemption price. Interest due on or prior to the redemption <br /> date shall be payable as herein provided for payment of interest. Upon sunender for any partial <br /> redemption of the Note, there shall be prepared for the registered owner a new Note in the <br /> amount of the unpaid principal. <br /> If the Note has been called for redemption and shall not be so paid upon surrender thereof <br /> for redemption, the principal shall, until paid, bear interest from the redemption date. <br /> -Xll- <br />
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