Laserfiche WebLink
- 12 <br /> <br /> 2. $9,850,000 General Obligation Public Utility Bonds <br />maturing in the principal amount of $495,000 on November 1 in <br />each of the years 1986 through 2004 and in the principal <br />amount of $445,000 on November 1 in the year 2005. <br /> <br /> The Bonds will be dated November 1, 1985; will be in <br />fully registered form; will be of the denomination of $5,000 <br />each or any integral multiple thereof; and will bear interest <br />payable on May 1, 1986, and semiannually thereafter on <br />November 1 and May 1 of each year. <br /> <br /> Both principal of and interest on the Bonds will be <br /> payable in such coin or currency of the United States of <br /> America as at the respective dates of payment is legal tender <br /> for public and private debt. <br /> <br /> Principal of and premium, if any, on the Bonds will be <br /> payable at the principal office of Bank of Virginia Trust <br /> Company, in the City of Richmond, Virginia, as <br /> Registrar for the Bonds (the "Registrar"). Interest on the <br /> Bonds will be payable by check mailed by the Registrar to the <br /> holders of record of the Bonds as of the fifteenth (15th) day <br /> of the calendar month next preceding each interest payment <br /> date at their addresses as such addresses appear on the books <br /> of registry of the City kept by the Registrar. <br /> <br /> The Bonds of each issue maturing on and after November 1, <br /> 1996 (or portions thereof in installments of $5,000) shall be <br /> subject to redemption at the option of the City prior to their <br /> stated maturities on or after November 1, 1995, in whele at <br /> any time, or in part from time to time on any interest payment <br /> date in any order determined by the City (except that if less <br /> than all of the Bonds of a given maturity of either issue are <br /> called for redemption, the particular Bonds or portions <br /> thereof in installments of $5,000 of such maturity of such <br /> issue to be redeemed shall be selected by lot), upon payment <br /> of the principal amount of the Bonds (or p0~tions thereof in <br /> installments of $5,000) to be redeemed, together with the <br /> interest accrued thereon to the date fixed for redemption, <br /> plus a premium of one-quarter of one percent (1/4 of 1%) of <br /> the principal amount of each Bond to be redeemed for each <br /> twelve (12) month period or fraction thereof between the date <br /> fixed for redemption and the stated maturity date of such <br /> Bond. <br /> <br /> If any Bond (or any portion of the principal amount <br />thereof in installments of $5,000) shall be called for <br />redemption, notice of the redemption thereof, specifying the <br />date, number and maturity of such Bond, the date and place or <br />places fixed for its redemption, the premium, if any, payable <br />upon such redemption, and if less than the entire principal <br />amount of such Bond is to be redeemed, that such Bond must be <br />surrendered in exchange for the principal amount thereof to be <br />redeemed and a new Bond or Bonds issued equalling in principal <br /> <br /> <br />