Minutes 01/30/1996 - Laserfiche WebLink

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362 , The Bonds of the series of which this Bond is one (or portions of the pr!ncipal amounn thereof in installments of $5,000.00) maturing on and after Augusn 1, 2007 are subject to redemption an the option of the City prior to their stated macurities on or after August %, 2006, in whole or in part at any time on any date, in such order as shall be determined by the City_ (excepc that if a5 any time less than all of Bonds of a ~iven maturity are called for redemption, the particular Bonds or portions thereof in installments of $5,000.00 of such maturity to be redeemed shall be selected by lot), upon paymen% of the upon payment of the following redemption prices (expressed as a percentage of the princi~aI amount of Bonds to be redeemed), together with the interest accrued on the principal amoun5 to be redeemed to the date fixed for the redemption thereof: Redemption Dates {Both Dates Inclusive) Redemption Prices (Percennage of PrinclDal Amount) AugusE l, 2006 to July 31, 2007 Augusn 1, 2007 to July 31, 2008 August 1, 2008 and thereafter 101 100 1/2 100 If this Bond (or any portion of the princIpal amount hereof in installments of SS,000.00) shall be called for redemption, notzce of the redemption hereof, specifyzng the date, number and maturity of this Bond, the date and place or places fixed for its redemption, the premium, if any, payable upon such redemption, and if less than the entire principal amounn of this Bond is no be redeemed, that this Bond must be surrendered in exchange for the principal amount hereof ~o be redeemed and the zssuance of a new Bond or Bonds equaling in principal amounm that portion of the przncipal amount hereof not to be redeemed, shall be mailed non less than thirty (30) days prior to the date fixed for redemption by first class mail, postage prepaid, no the Registered Owner hereof at 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 nexn preceding the date fixed for redemption. If notice of the redemption of this Bond (or of the portion thereof in inssallments of S5,000.00) shall have been given as aforesaid, and payment of the principal amounn of this Bond (or the portion of the prmncipal amounn hereof no be redeemed) and of the accrued interesn and premium, i~ any, payable upon such redempnzon shall have been duly made or provided for, znteres5 on this Bond (or on the portion of the principal amoun5 hereof to be redeemed) shall cease to accrue from and after the date so specified for mhe redemption hereof. Subjecn to the limitations and upon paymen5 of the charges, if any, provided in the proceedings authorizing the Bonds of the issue of which this Bond is one, this Bond may be exchanged a5 the office of the Registrar for a like aggregane principal amounn of Bonds of other authorized principal amounns and of the same series which 5his Bond is one. This Bond is transferable by the Register~e~Qwner hereof, in person or by his a55orney duly authorized in writing, on the books of registry kept by the Registrar for such purpose at the office of the Registrar bun only in the manner, subjecn to the limitations and upon payment of Ehe charges, if any, provided in the proceedings authorizing 5he Bonds of the series of which 5his Bond ~s one, and upon the surrender hereof for cancellanion. Upon such nrans~er a new Bond or Bonds of authorized denommnations and of the same aggregane principal amounn, series, in~eresn rate and maturity as the Bond surrendered, will be issued ho nhe -sransferee in exchange herefor.