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2005-88 PROVIDING FOR THE ISSUANCE GENERAL OBLIGATION REFUNDING BONDS
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2005-88 PROVIDING FOR THE ISSUANCE GENERAL OBLIGATION REFUNDING BONDS
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Last modified
12/4/2015 11:13:36 AM
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12/4/2015 11:13:31 AM
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Resolution/Ordinance
Res Ord Num
2005-88
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $4,705,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2005
Approved Date
10/17/2005
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1 � 1 <br /> 1 � 1 <br /> � � 1 <br /> for the selection for redemption of Bonds or portions thereof so that any$5,000 Bond or <br /> $5,000 portion of a Bond shall be as likely to be called for redemption as any other such <br /> $5,000 Bond or $5,000 portion. The Bond Registrar shall make such selection upon the <br /> earlier of the irrevocable receipt of funds sui�cient to pay the redemption price of the <br /> Bonds to be redeemed or the time of the giving of officialnotice of redemption. <br /> D. Official Notice of Redemption. The Bond Registrar shall promptly notify <br /> the City in writing of the Bonds or portions of Bonds selected for redemption and, in the <br /> case of any Bond selected for partial redemption, the principal amount thereof to be <br /> redeemed. Unless waived by the registered owner of Bonds to be redeemed, of�cial <br /> notice of any such redemption shall be given by the Bond Registrar on behalf of the City <br /> by mailing the redemption notice by first class U.S. ma.il not less than 30 days and not <br /> more than 60 days prior to the date fixed for redemption to each registered owner of the <br /> Bond or Bonds to be redeemed at the address shown on the Bond Register or at such <br /> other address as is furnished in writing by such registered owner to the Bond Registrar. <br /> All oi�cial notices of redemption shall include the name of the Bonds and at least the <br /> information as follows: <br /> (1) the redemption date; <br /> (2) the redemption price; <br /> (3) if less than all of the outstanding Bonds are to be redeemed, the <br /> 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 /> (4) a statement that on the redemption date the redemption price will <br /> become due and payable upon each such Bond or portion thereof called for <br /> -xv- <br />
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