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98-34 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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98-34 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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3/16/2016 8:56:06 AM
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Resolution/Ordinance
Res Ord Num
98-34
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $5,200,000 GENERAL OBLIGATION BONDS, SERIES 1998, 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
6/29/1998
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Unless waived by the registered owner of Bonds to be redeemed, official notice of any <br /> such redemption shall be given by the Bond Registrar on behalf of the City by mailing the <br /> redemption notice by registered or certified mail not less than 30 days and not more than 60 <br /> days prior to the date fixed for redemption to each registered owner of the Bond or Bonds <br /> to be redeemed at the address shown on the Bond Register or at such other address as is <br /> furnished in writing by such registered owner to the Bond Registrar. <br /> All official notices of redemption shall include the full name of the Bonds and at least <br /> the information as follows: <br /> (a) the redemption date; <br /> (b) the redemption price; <br /> (c) if less than all of the outstanding Bonds of a particular maturity are to be <br /> redeemed, the identification (and, in the case of partial redemption of Bonds within <br /> such maturity, the respective principal amounts) of the Bonds to be redeemed; <br /> (d) a statement that on the redemption date the redemption price will become <br /> due and payable upon each such Bond or portion thereof called for redemption and <br /> that interest thereon shall cease to accrue from and after said date; and <br /> (e) the place where such Bonds are to be surrendered for payment of the <br /> redemption price, which place of payment shall be the office of the Paying Agent. <br /> Prior to any redemption date, the City shall deposit with the Paying Agent an amount <br /> of money sufficient to pay the redemption price of all the Bonds or portions of Bonds which <br /> are to be redeemed on that date. <br /> Official notice of redemption having been given as aforesaid, the Bonds or portions of <br /> Bonds so to be redeemed shall, on the redemption date, become due and payable at the ' <br /> redemption price therein specified, and from and after such date (unless the City shall , <br /> -8- <br />
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