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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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8/22/2016 2:16:19 PM
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Resolution/Ordinance
Res Ord Num
91-58
Res Ord Title
PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991,...AND FOR THE LEVY AND COLLECTION OF A DIRECTION ANNUAL TAX SUFFICIENT TO PAY THE COMPOUND ACCRETED VALUE OF, PRINCIPAL OF AND INTEREST ON SAID BONDS...
Approved Date
8/19/1991
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( 5) the place where such Bonds are to be <br /> surrendered for payment of the redemption <br /> price, which place of payment shall be the <br /> principal corporate trust office of the Bond <br /> Registrar, and <br /> (6) such other information as shall be <br /> deemed necessary by the Bond Registrar at the <br /> time such notice is given to comply with law, <br /> regulation or industry standard. <br /> On or prior to any redemption date, the City shall <br /> deposit with the Bond Registrar an amount of money sufficient to <br /> pay the redemption price of all the Bonds or portions thereof <br /> which are to be redeemed on that date. <br /> Notice of redemption having been given as aforesaid, <br /> the Bonds, or portions thereof, so to be redeemed shall, on the <br /> redemption date, become due and payable at the redemption price <br /> therein specified, and from and after such date (unless the City <br /> shall default in the payment of the redemption price) such Bonds, <br /> or portions thereof, shall cease to bear interest. Upon surren- <br /> der of such Bonds for redemption in accordance with said notice, <br /> such Bonds shall be paid by the Bond Registrar at the redemption <br /> price. Installments of interest due on or prior to the redemp- <br /> tion date shall be payable as herein provided for payment of <br /> interest . Upon sur�render for any partial redemption of any Bond, <br /> there shall be prepared for the registered owner a new Bond or <br /> Bonds of like tenor, the same interest rate and maturity in the <br /> amount of the unpaid principal as to Current Interest Bonds and <br /> of the same maturity and Compound Accreted Value at maturity as <br /> to Capital Appreciation Bonds. <br /> -17- <br />
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