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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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, • � , ' ' <br /> redemption and that interest thereon shall cease to accrue from and after said <br /> date; and <br /> (5) the place where such Bonds are to be surrendered for payment of the <br /> redemption price, which place of payment shall be the office maintained for the <br /> purpose by the Bond Registrar. <br /> E. Bonds Shall Become Due. Official notice of redemption having been <br /> given as described, the Bonds or portions of Bonds so to be redeemed shall, on the <br /> redemption date, become due and payable at the redemption price therein specified, and <br /> from and after such date (unless the City shall not make full payment of the redemption <br /> price) such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of <br /> such Bonds for redemption in accordance with said notice, such Bonds shall be paid by <br /> the Bond Registrar at the redemption price. The procedure for the payment of interest <br /> due as part of the redemption price shall be as herein provided for payment of interest <br /> otherwise due. <br /> F. Insufficiency in Notice Not Affecting Other Bonds; Failure to Receive <br /> Notice; Waiver. Neither the failure to mail such redemption notice, nor any defect in any <br /> notice so mailed, to any particular registered owner of a Bond, shall affect the sufficiency <br /> of such notice with respect to other registered owners. Notice having been properly <br /> given, failure of a registered owner of a Bond to receive such notice shall not be deemed <br /> to invalidate, limit or delay the ef�ect of the notice or redemption action described in the <br /> notice. Such notice may be waived in writing by a registered owner of a Bond entitled to <br /> receive such notice, either before or after the event, and such waiver shall be the <br /> equivalent of such notice. Waivers of notice by registered owners shall be filed with the <br /> -XVl- <br />
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