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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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8/22/2016 2:16:16 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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, assi n to each Bond of such maturit a distinctive number f r <br /> 9 y o <br /> each $5,000 of Compound Accreted Value at maturity of such Bond <br /> and shall select by lot from the numbers so assigned as many <br /> numbers as, at $5,000 of Compound Accreted Value at maturity for <br /> I� each number, shall equal the amount of such Bonds to be <br /> redeemed. The Bonds to be redeemed shall be the Bonds to which <br /> I� were assigned numbers so selected; provided that only so much of <br />� <br /> the amount of each Bond shall be redeemed as shall equal $5,000 <br /> of Compound Accreted Value at maturity for each number assigned <br /> to it and so selected. <br /> [ 10] Notice of any such redemption shall be sent by <br /> first-class mail not less than thirty ( 30) days nor more than <br /> forty-five (45) days prior to the date fixed for redemption to <br /> the Registered Owner of each Bond to be redeemed at the address <br /> shown on the registration books of the City maintained by the <br /> Bond Registrar or at such other address as is furnished in writ- <br /> ing by such Registered Owner to the Bond Registrar; provided, <br /> that the failure to mail any such notice or any defect therein as <br /> to any Bond shall not affect the validity of the proceedings for <br /> the redemption of any other Bond. When so called for redemption, <br /> I <br /> this Bond will cease to bear interest on the specified redemption <br />, date, rovided funds for redem tion are on de osit at the lace <br /> P P P P <br /> of payment at the time, and shall not be deemed to be <br /> li <br /> outstanding. <br /> -23- <br />
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