Ordinance 2208-97 - Laserfiche WebLink

The Bond Registrar shall be responsible for its representations contained in the Certificate of Authentication on the Bonds. The Bond Registrar may become the owner of such Bonds with the same rights it would have if it were not the Bond Registrar, and to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of the owners of such Bonds. Section 6. Redemption Prior to Maturity. A. Optional Redemption. The City hereby reserves the right to redeem the outstanding Bonds maturing on or after July 1, 2008, in whole, or in part, on any interest payment date (maturities to be chosen by the City and by lot within each maturity in such manner as the Bond Registrar shall determine), beginning July 1, 2007, at the respective redemption prices expressed below as a percentage of principal amount, plus accrued interest to date of redemption: On July 1, 2007 and January 1, 2008 101.0% On July 1, 2008 and thereafter 100.0% B. Notice of Call. Unless waived by any holder of Bonds to be redeemed, official notice of any such redemption shall be given by the Bond Registrar on behalf of the City by mailing a copy of an official redemption notice by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the date fixed for redemption to the registered owner of such Bond or Bonds to be redeemed at the address shown on the Bond Register or at such other address as is furnished in writing by such registered owner to the Bond Registrar. The Bond Registrar shall provide additional notice of redemption at least 30 days prior to the date fixed for redemption to the MSRB or to each NRMSIR and SID, if any, in accordance with Section 18 hereof. All official notices of redemption shall be dated and shall state: (1) the redemption date, (2) the redemption price, -13- FWWOBU.DOC 97/03/04