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Ordinance 3700-19
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Ordinance 3700-19
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10/18/2019 3:40:05 PM
Creation date
9/30/2019 4:30:15 PM
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Ordinances
Ordinance Number
3700-19
Date
9/25/2019
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thereof, at the option of the Registered Owner, a Bond or Bonds of like maturity and interest rate <br /> in any of the denominations herein authorized. <br /> (e) Notice of Redemption. <br /> (1) Official Notice. For so long as the Bonds are held in uncertificated form, <br /> notice of redemption (which notice, in the case of an optional redemption, may be conditional <br /> and may be revoked at any time prior to the date fixed for redemption) shall be given in <br /> accordance with the operational arrangements of DTC as then in effect, and neither the City nor <br /> the Bond Registrar will provide any notice of redemption to any Beneficial Owners. Thereafter <br /> (if the Bonds are no longer held in uncertificated form), notice of redemption shall be given in <br /> the manner hereinafter provided. Unless waived by any owner of Bonds to be redeemed, official <br /> notice of any such redemption (which redemption may be conditioned by the Bond Registrar on <br /> the receipt of sufficient funds for redemption or otherwise) shall be given by the Bond Registrar <br /> on behalf of the City by mailing a copy of an official redemption notice by first class mail at <br /> least 20 days and not more than 60 days prior to the date fixed for redemption to the Registered <br /> Owner of the Bond or Bonds to be redeemed at the address shown on the Register or at such <br /> other address as is furnished in writing by such Registered Owner to the Bond Registrar. <br /> All official notices of redemption shall be dated and shall state: <br /> (A) the redemption date, <br /> (B) the redemption price, <br /> (C) if fewer than all outstanding Bonds are to be redeemed, the <br /> identification by maturity (and, in the case of partial redemption, the respective principal <br /> amounts) of the Bonds to be redeemed, <br /> -13- 502395238 v2 <br />
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