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1997 Resolutions
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1997 Resolutions
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2/6/2009 3:36:13 PM
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6/8/2001 5:29:52 PM
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Ord/Resolutions
Year
1997
Ord/Resolutions - Type
Resolutions
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(g) If the Bonds of a given series are subject to <br />redemption and if any Bonds of such series (or portions thereof <br />in installments of $5,000 or any integral multiple thereof) are <br />to be redeemed, notice of such redemption specifying the date, <br />numbers and maturity or maturities of the Bond or Bonds to be <br />redeemed, the date and place or places fixed for their <br />redemption and the premium, if any, payable upon such <br />redemption, and if less than the entire principal amount of a <br />Bond called for redemption is to be redeemed, that such Bond <br />must be surrendered in exchange for payment of the principal <br />amount thereof to be redeemed and the issuance of a new Bond or <br />Bonds equaling in principal amount that portlon of the <br />principal amount of the Bond to be surrendered not to be <br />redeemed, shall be mailed not less than thirty (30) days prior <br />to the date fixed for redemption, by first class mail, postage <br />prepaid, to the registered owner of such Bond at his address as <br />it appears on the books of registry kept by the registrar as of <br />the close of business on the forty-fifth (45th) day next <br />preceding the date fixed for redemption. If any Bonds shall <br />have been called for redemption and notice thereof shall have <br />been given as hereinabove set forth, and payment of the <br />princIpal amount of such Bonds (or the princlpaI amount thereof <br />to be redeemed) and of the accrued interest and premium, if <br />any, payable upon such redemption shall have been duly made or <br />provided for, interest on such Bonds shall cease to accrue from <br />and after the date so specified for their redemption. <br /> <br /> (h)(i) The Bonds shall be issued only in <br />book-entry-only form. One Bond representing each maturity of <br />the Bonds will be issued to and registered in the name of Cede <br />& Co., as nominee of The Depository Trust Company, New York, <br />New York ("DTC"), as registered owner of the Bonds and each <br />such Bond shall be immobilized in the custody of DTC. DTC will <br />act as securities depository for the Bonds. Individual <br />purchases will be made in book-entry form only, in the <br />principal amount of $5,000 or any integral multiple thereof. <br />Purchasers will not receive physical delivery of certificates <br />representing their interest in the Bonds purchased. <br /> <br />(ii) Principal, premium, if any, and interest <br />payments on the Bonds will be made by the Deputy City Manager <br />for Finance, as Registrar and Paying Agent for the Bonds, to <br />DTC or its nominee, Cede & Co., as registered owner of the <br />Bonds, which will in turn remit such payments to the DTC <br />participants for subsequent disbursal to the beneficial owners <br />of the Bonds. Transfers of principal, premium, if any, and <br />interest payments to DTC participants will be the <br />responsibility of DTC. Transfers of such payments to <br /> <br /> <br />
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