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2006 Ordinances
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2006 Ordinances
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Last modified
5/8/2007 1:22:57 PM
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3/13/2006 8:54:41 AM
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<br />of the principal amount to be redeemed) together with the interest accrued thereon to the date <br /> <br />lixcd for redemption: <br /> <br />Redcmption Period <br />(both dates inclusive) <br /> <br />Redemption Price <br /> <br />_~_' 20_ through <br />. 20 through <br />_.-~-~ -- <br />. 20 and thercafter <br /> <br />,20_ <br />,20_ <br /> <br />% <br />% <br />% <br /> <br />If less than all of the Bonds are called for redemption, the maturities of the Bonds to be <br /> <br />redeemcd shall be selected by the Chief Financial Officer of the City in such manner as such <br /> <br />o11iccr may dcem to be in the best interest of the City. If less than all of thc Bonds of any <br /> <br />mat urity arc called for redemption. the Bonds or portions thereof to be redeemed within a <br /> <br />maturity shall be selectcd by The Depository Trust Company or any successor securities <br /> <br />depository. or it'the book-entry-only system is discontinued, by lot by the Registrar. each portion <br /> <br />llf $5.000 principal amount being counted as one Bond for such purpose. <br /> <br />If any of the I30nds or portions thereof are called for redemption. the Registrar shall send <br /> <br />notice of the call for redemption (which may be conditioned upon the occurrence of certain <br /> <br />events) identifying the Bonds by serial or CUSIP numbers, and in the case of partial redemption, <br /> <br />identifying the principal amount to be redeemed, and identifying the redemption date and price <br /> <br />and the place where Bonds are to be surrendered for payment, by facsimile transmission. <br /> <br />registcr~d or ecrtitied mail or overnight express delivery not less than 30 nor more than 60 days <br /> <br />bd(ll'C thc redemption date to the registered owner of each Bond to be redeemed at such owner's <br /> <br />address as it appears on the registration books maintained by the Registrar, but failure to mail <br /> <br />sue h notice shall not affect the validity of the proceedings for redemption. Provided funds for <br /> <br />th~ir rcdcmption are on deposit at the place of payment on thc redemption date. all Bonds or <br /> <br />portions thereof so called for redemption shall cease to bear interest on such date. shall no longer <br /> <br />-3- <br />
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