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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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appeaz on the Note shall cease to be such officer before the delivery of the Note, such signature � <br /> shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained I <br /> in office until delivery. The Note shall have thereon a certificate of authentication, substantially in <br /> the form hereinafter set forth, duly executed by the Note Registrar as authenticating agent of the <br /> City and showing the date of authentication. The Note shall be valid or obligatory for any <br /> 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 Note Registrar by manual <br /> signature, and such certificate of authentication upon the Note shall be conclusive evidence that <br /> such Note has been authenticated and delivered under this Ordinance. The certificate of authenti- <br /> cation on the Note shall be deemed to have been executed by it if signed by an authorized of�cer <br /> of the Note Registrar. <br /> Section 6. Optional Redemption. The Note shall be subject to redemption at the option <br /> of the City, from any available funds, in whole or in part on any date and if less than all of the <br /> Note, in the amount of$50,000 and integral multiples of$5,000 in excess thereof, selected by the <br /> City as hereinafter provided, at the redemption price of par plus accrued interest to the date fixed <br /> for redemption. <br /> Section 7. Redemption Procedure. The City shall, at least 5 days prior to the <br /> redemption date (unless a shorter time period shall be satisfactory to the Bank), notify the Bank in <br /> writing of such redemption date and of the principal amount of Note to be redeemed. <br /> All notices of redemption shall include the name of the Note and at least the information <br /> as follows: <br /> (a) the redemption date; <br /> (b) the redemption price; <br /> -xi- <br />
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