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2009/04/15 Council Agenda Packet
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2009/04/15 Council Agenda Packet
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Council Agenda Packet
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4/15/2009
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9 <br /> Effect ofRedemption. Unless the Cityhas revoked a notice of redemption or <br /> (g) ff P � p ( <br /> unless the City provided a conditional notice and the conditions for redemption set forth therein <br /> are not satisfied),the City shall transfer to the Registrar amounts that, in addition to other money, <br /> if any, held by the Registrar for such purpose, will be sufficient to redeem, on the date fixed for <br /> redemption, all the Bonds to be redeemed. If and to the extent that funds have been provided to <br /> the Registrar for the redemption of Bonds then such Bonds shall become due and payable on the <br /> date fixed for redemption and interest on such Bond shall cease to accrue from and after such <br /> date. <br /> (h) Amendment of Notice Provisions. The foregoing notice provisions of this section, <br /> including but not limited to the information to be included in redemption notices and the persons <br /> designated to receive notices, may be amended by additions, deletions and changes to maintain <br /> compliance with duly promulgated regulations and recommendations regarding notices of <br /> redemption of municipal securities. <br /> Section 7. Revenue Fund; Priority of Payments from Revenue Fund; Coverage <br /> Stabilization Account. <br /> (a) Revenue Fund. A special fund of the City known as "Fund 401 Public Works — <br /> Utilities Fund, including subaccounts therein (the "Revenue Fund") has heretofore been <br /> established in the office of the Designated Representative into which shall be deposited the <br /> Revenue of the System as collected, except the interest earned and income derived from <br /> investments of money in the Revenue Bond Fund and the accounts therein. The Revenue Fund <br /> shall be held separate and apart from all other funds and accounts of the City. <br /> -33- P.\20287 CM1M20287 BBO 03/25/09 <br />
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