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2016 Resolutions
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2016 Resolutions
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Last modified
11/28/2016 3:24:05 PM
Creation date
2/4/2016 12:06:28 PM
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Ord/Resolutions
Year
2016
Ord/Resolutions - Type
Resolutions
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amount, sufficient to pay when due the principal of and premium, if any, [and interest] on the <br />Bonds to the extent other funds of the City are not lawfully available and appropriated for such <br />purpose. <br />[Optional Redemption provisions may be included.) <br />[This Bond is subject to mandatory sinking fund redemption [or deposits) in part, on <br />1 in the years and in the amounts set forth below:) <br />Year Amount <br />[Special Mandatory Redemption provisions for failure to spend all available project <br />proceeds within three years may be included.) <br />[Special Mandatory Redemption, additional interest charges and make-whole provisions <br />may be included.) <br />If this Bond or any portion thereof is called for redemption, the Bond Registrar shall send <br />notice of the call for redemption by registered or certified mail not less than 30 days nor more than <br />60 days before the date fixed for redemption to the registered owner of this Bond to be redeemed <br />at such owner's address as it appears on the registration books maintained by the Bond Registrar. <br />Any notice of optional redemption of this Bond or any portion thereof may state that it is <br />conditioned upon there being available on the date fixed for redemption an amount of money <br />sufficient to pay the redemption price plus interest accrued and unpaid to the date fixed for <br />redemption, and any conditional notice so given may be rescinded at any time before the payment <br />of the redemption price if any such condition so specified is not satisfied. If a redemption does <br />not occur after a conditional notice is given due to an insufficient amount of funds on deposit by <br />the City, the corresponding notice of redemption shall be deemed to be revoked. <br />Provided funds for their redemption are on deposit at the place of payment on the date fixed <br />for redemption, this Bond or the portion thereof so called for redemption shall cease to bear interest <br />on such date, shall no longer be secured by the Resolution and shall not be deemed to be <br />outstanding. If a portion of this Bond shall be called for redemption, a new Bond in principal <br />amount equal to the unredeemed portion hereof will be issued to the registered owner upon the <br />surrender of this Bond. <br />The City may rescind any redemption of Bonds and notice thereof on any date prior to the <br />scheduled redemption date by causing written notice of such rescission to be given to the owners <br />of such Bonds so called for redemption. Notice of the rescission of any such redemption of the <br />Bonds shall be given in the same manner in which notice of redemption of such Bonds was <br />originally given. The actual receipt by any owner of any Bond of notice of such rescission shall <br />not be a condition precedent to rescission, and failure to receive such notice or any defect in such <br />notice shall not affect the validity of the rescission. <br />A-3 <br />
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