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1980 Resolutions
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1980 Resolutions
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Last modified
7/17/2001 6:05:53 PM
Creation date
6/22/2001 4:07:38 PM
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Ord/Resolutions
Year
1980
Ord/Resolutions - Type
Resolutions
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be redeemed together with the interest accz~ed thereon to the date fixed <br />for redemption plus a premium of one-quarter of one percent (1/4 of 1%) <br />of the principal amount of earl%. Bond to be redeemed for each ~elve (12) <br />month period or fraction thereof between the date fixed for redemption <br />and the stated maturity date Of such Bond. Any such declaration of the <br />maturity of Bonds to be redeemed and of the selection of Bonds %~ritb_in a <br />maturity to be redeemed shall be made by the Director of Finance of the <br />City. <br /> <br /> Notice of any such ~ed~mption, specifying the date, number and <br />maturities of the BonftS to be redeemed, the date ~nd place fixed for <br />their redem~f3tlon and the premix, if any, payable u~pon such rede/~ption, <br />shall be given, by the C~ty by publication of such notice once iD_ a n~spaper <br />printed in the English language and customarily published on each business <br />day and of general circulation in the City, and once in at least c~e news- <br />paper or financial publieat~on printed in the ~nglish language and custcal- <br />arily, published on each bus"Lness day in the City of New York, New York, <br />the date of publication of_ such notice in each case to be at least thirty <br />days prior to the date fixed for redemption. If any Bond ca~led for re- <br />demption 'iS registered as to principal only or as to both princi~u~%l and <br />interest,-.notice of the redemption thereof shall be mailed not less than <br />thirty days prior to 'the" date fixed' for redemption by registered mail <br />to the registered' o~er of such Bond-at such ~;mer's address as sho~n on the <br />books of registry, provided, however, that notice of.redemption by publi- <br />cation need not be given to the registered owner of any registered Bond if <br />notice Of' bed~ption shall have been mailed as aforesaid, and if notice of <br />red~ptlon is given'by publication as aforesaid then neither the failure <br />to mail such notice to the registered owner of any registered Bond nor any <br />defech in any notice so mailed shall affect the sufficiency of the pro- <br />ceedings for the reden~tion o~ such Bonds. ~ea notice of redemption of <br />Bonds shall'have been' give~n as hereinabove set forth, and payment of t_he <br />principal-~.~o~%t of the Bon~s so called for redemption and of the accrued <br />interest ~nhd premium~ ~f any, payable upon such redemption shall have been <br />duly made or provided for, Lnterest on such Bonds shall cease from and <br />after the ~ate so specified for their redemption and any co ~upons represent- <br />ing such interest Shall be void. <br /> <br /> The Bonds may he registered by tl%e holdez as to principal only or as <br /> to both principal-and interest in. accordance with the provisions for such <br /> registration .'to he endorsed thereOn as set fox'ah in Se~aion 9 P~reof. <br /> <br /> <br />
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