Minutes 01/30/1996 - Laserfiche WebLink

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358 The Bonds of the series of which this Bond is one (or portions of the princzpat amounn thereof zn installments of $5,000.00) manurzng on and after Augusn 1, 2007 are sub]ecn to redempcion at the option of the City prior to their stated maturities on or after Augusn 1, 2006, in whole or in parc at any time on any date, in such order as shall be determined by the City (excep~ that if an any time less than all of the Bonds of a gmven maturity are called for redemption, the parnicular Bonds or portions thereof in installments of $5,000.00 of such maturity to be redeemed shall be selected by lot), upon payment of the following redemption prices ~expressed as a percennage of the principal amount of Bonds to be redeemed] , together with the interes~ accrued on the przncipal amount to be redeemed no the date fixed for the redemption thereof: Redemption Dates (Both Dates Inclusive) Redempnion Prices ~Percennage of Princinal Amount) Augusn 1, 2006 to July 31, 2007 10t % August 1, 2C07 to July 31, 2008 100 1/2 Augusn 1, 2008 and thereafter 100 If this Bond (or any pornion of the przncipal amount hereof in installments of S5,000.00) shall be called for redemption, notice of nhe redemption hereof, specifying the date, number and maturity of this Bond, the date and place or places fixed for its redempnion, the premmum, if any, payable upon such redemption, and if less than the entire principal amount of this Bond is to be redeemed, that this Bond must be surrendered zn exchange for the principal amoun5 hereof co be redeemed and the issuance of a new Bond Or Bonds equaling in principal amounn that porEion of the principal amounn hereof not to be redeemed, shall be mailed not less than thirty (30) days prior no the date fixed for redempmion by first class mail, poscage prepaid, co the Registered Owner of this Bond aE his address as it appears on the books of registry kept by the Registrar as of the close of business on the forty-fifth (45th) day next preceding the date fixed for redemption. If notice of the redemption of this Bond (or the portion thereof zn installments of S5,000.00) shall have been given as aforesaid, and paymen5 of the principal amount of this Bond (or the por5zon of the princzpal amoun5 hereof to be redeemed) and of the accrued interesE and premium, if any, payable upon such redemptzon shall have been duly made or provided for, interes5 on this Bond shall cease no accrue from and after the dane so specified for the redemption hereof. Subject to the limitations and upon payment of the charges, if any, provided in the proceedings authorizing the Bonds of the series of which this Bond is one, this Bond may be exchanged at the office of the Registrar for a like aggregane princmpat amounn of Bonds of other authorized przncipal amoun5s and of the series of which this Bond is one. This Bond is transferable by the Registered Owner hereof, in person or by his ~ttorney duly authorized in writing, on the books of registry kept by the Registrar for such purpose a5 the office of the Registrar but only in the manner, subjecn to the limitations and upon paymenn of the charges, if any, provided in the proceedings authorizzng the Bonds of the series of which chis Bond is one, and upon the surrender hereof for cancellation. Upon such transfer a new Bond or Bonds of authorized denominations and of the same aggregate principal amount, serzes, interes5 rane and maturity as the Bond surrendered, will be issued to the transferee in exchange herefor. The full faith and credit of the City are hereby irrevocably pledged to the punctual paymenm of the principal of and interest on this Bond as the same respectively become due