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Ordinance 2690-03
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Ordinance 2690-03
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6/11/2014 4:06:02 PM
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Ordinances
Ordinance Number
2690-03
Date
5/14/2003
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and after such date (unless the City shall default in the payment of the redemption price) such <br /> Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such Bonds for <br /> redemption in accordance with said notice, such Bonds shall be paid by the Bond Registrar at the <br /> redemption price. Installments of interest due on or prior to the redemption date shall be payable <br /> as herein provided for payment of interest. All Bonds which have been redeemed shall be <br /> canceled and destroyed by the Bond Registrar and shall not be reissued. <br /> (iii) Additional Notice. In addition to the foregoing notice, further <br /> notice shall be given by the City as set out below, but no defect in said further notice nor any <br /> failure to give all or any portion of such further notice shall in any manner defeat the <br /> effectiveness of a call for redemption if notice thereof is given as above prescribed. Each further <br /> notice of redemption given hereunder shall contain the information required above for an official <br /> notice of redemption plus (A) the CUSIP numbers of all Bonds being redeemed; (B) the date of <br /> issue of the Bonds as originally issued; (C)the rate of interest borne by each Bond being <br /> redeemed; (D) the m aturity d ate o f e ach Bond b eing redeemed; and (E) any other descriptive <br /> information needed to identify accurately the Bonds being redeemed. Each further notice of <br /> redemption shall be sent at least 35 days before the redemption date to the MSRB, the Insurer, if <br /> any, to each NRMSIR, the SID, if any, and to such persons (including securities repositories who <br /> customarily at the time receive notices of redemption in accordance with rules promulgated by <br /> the SEC) and with such additional information as the City shall deem appropriate, but such <br /> mailings shall not be a condition precedent to the redemption of such Bonds. <br /> (iv) Amendment of Notice Provisions. The foregoing notice provisions <br /> of this Section 6, including but not limited to the information to be included in redemption <br /> notices and the persons designated to receive notices, may be amended by additions, deletions <br /> -24- P:\CMW\CMW5NP 04/22/03 <br />
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