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95-77 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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95-77 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
3/24/2016 8:25:05 AM
Creation date
3/24/2016 8:25:02 AM
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Resolution/Ordinance
Res Ord Num
95-77
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $10,000,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 1995, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
Approved Date
12/18/1995
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A , , I <br /> • ' .\' <br /> City, and if less than an entire maturity, in integral multiples of $5,000, selected by lot by <br /> the Bond Registrar, at the redemption price of par plus accrued interest to the redemption <br /> date. <br /> Unless waived by the registered owner, official notice of any such redemption shall be <br /> given by the Bond Registrar on behalf of the City by mailing the redemption notice by <br /> registered or certified mail not less than 30 days and not more than 60 days prior to the date <br /> �xed for redemption to each registered owner of the Bond or Bonds to be redeemed at the <br /> address shown on the Bond Register or at such other address as is furnished in writing by <br /> such registered owner to the Bond Registrar. Official notice of redemption having been <br /> given as aforesaid, 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 default in the payment of the redemption <br /> price), such Bonds or portions of Bonds shall cease to bear interest. Neither the failure to <br /> mail such redemption notice, nor any defect in any notice so mailed, to any particular <br /> registered owner of a Bond, shall affect the sufficiency of such notice with respect to other <br /> registered owners. Notice having been properly given, failure of a registered owner of a <br /> Bond to receive such notice shall not be deemed to invalidate, limit or delay the effect of the <br /> notice or redemption action described in the notice. Such notice may be waived in writing by <br /> a registered owner of a Bond entitled to receive such notice. Upon surrender of such Bonds <br /> for redemption in accordance with said notice, such Bonds shall be paid by the Paying Agent <br /> at the redemption price. The procedure for the payment of interest due as part of the <br /> redemption price shall be as herein provided for payment of interest otherwise due. Upon <br /> surrender for any partial redemption of any Bond, there shall be prepared for the registered <br /> -22- <br />
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