Laserfiche WebLink
(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 /> 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 <br /> any notice so mailed, to any particular registered owner of a Bond, shall affect the <br /> sufficiency of such notice with respect to other registered owners. Notice having been <br /> properly given, failure of a registered owner of a Bond to receive such notice shall not <br /> -12- <br />