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2000-02 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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2000-02 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
3/8/2016 10:19:29 AM
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3/8/2016 10:19:25 AM
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Resolution/Ordinance
Res Ord Num
2000-02
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $30,660,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2000, 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
2/7/2000
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� _ <br /> , . <br /> , � <br /> redemption. All Bonds which have been redeemed shall be canceled and destroyed by the Bond <br /> Registrar and shall not be reissued. <br /> In addition to the foregoing notice, further notice shall be given by the Bond Registrar on <br /> behalf of the City as set out below, but no defect in said further notice nor any failure to give all <br /> or any portion of such further notice shall in any manner defeat the effectiveness of a call for <br /> redemption if notice thereof is given as above prescribed. <br /> Each further notice of redemption given hereunder shall contain the information required <br /> above for an official notice of redemption plus (a) the CUSIP numbers of all Bonds being <br /> redeemed; (b) �he date of issue of the Bonds as originally issued; (c) the rate of interest borne by <br /> each Bond being redeemed; (d) the maturity date of each Bond being redeemed; and (e) any ' <br /> other descriptive information needed to identify accurately the Bonds being redeemed. <br /> Each further notice of redemption shall be sent at least 35 days before the redemption <br /> date by registered or certified mail or overr_ight delivery service to all registered securities <br /> depositories then in the business of holding substantial amounts of obligations of types <br />' comprising the Bonds (such depositories now including Depository Trust Company of New <br /> York, New York, and Depository Trust Company of Philadelphia, Pennsylvania) and to one or <br /> more national information services, chosen in the discretion of the Bond Registrar, that <br /> disseminate notice of redemption of obligations such as the Bonds. <br /> Upon the payment of the redemption price of Bonds being redeemed,each check or other <br /> transfer of funds issued for such purpose shall bear the CUSIP number identifying, by issue, <br /> series and maturity, the Bonds being redeemed with the proceeds of such check or other transfer. <br /> As part of their respective duties hereunder, the Bond Registrar and Paying Agent shall <br /> prepare and forward to the City a statement as to notice given with respect to each redemption <br /> together with copies of the notices as mailed and published. <br /> -11- <br />
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