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2004-21 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B
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2004-21 PROVIDING FOR ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B
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1/27/2016 3:32:24 PM
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1/27/2016 3:32:20 PM
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Resolution/Ordinance
Res Ord Num
2004-21
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $29,070,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
3/15/2004
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C. Selection of Bonds within a Maturity. For purposes of any redemption of <br /> less than all of the Bonds, the particular Bonds or portions of Bonds to be redeemed <br /> shall be selected by lot by the Bond Registrar for the Bonds by such method of lottery as <br /> the Bond Registrar shall deem fair and appropriate; provided, that such lottery shall <br /> provide for the selection for redemption of Bonds or portions thereof so that any $5,000 <br /> Bond or $5,000 portion of a Bond shall be as likely to be called for redemption as any <br /> other such $5,000 Bond or $5,000 portion. The Bond Registrar shall make such <br /> selection upon the earlier of the irrevocable receipt of funds sufficient to pay the <br /> redemption price of the Bonds to be redeemed or the time of the giving of official notice <br /> 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, official <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. mail 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 official 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 /> -11- <br />
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