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D. Effect of Call. Official notice of redemption having been given as <br /> aforesaid, the 1993 Bonds or portions of such Bonds to be redeemed shall, on the redemption <br /> date, become due and payable at the redemption price therein specified, and from and after such <br /> date (unless the City shall default in the payment of the redemption price) such Bonds or portions <br /> of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in <br /> accordance with said notice, such Bonds shall be paid by the Bond Registrar at the redemption <br /> price. Installments of interest due on or prior to the redemption date shall be payable as herein <br /> provided for payment of interest. All Bonds which have been redeemed shall be canceled and <br /> destroyed by the Bond Registrar and shall not be reissued. <br /> E. Additional Redemption Notice. In addition to the foregoing notice, further <br /> notice shall be given by the Bond Registrar on behalf of the City as set forth below, but no defect <br /> in said further notice nor any failure to give all or any portion of such further notice shall in any <br /> manner defeat the effectiveness of a call for redemption if notice thereof is given as above <br /> described. <br /> (1) Each further notice of redemption given hereunder shall contain the <br /> information required above for an official notice of redemption plus (i) the CUSIP <br /> numbers, if any, of all 1993 Bonds being redeemed; (ii) the date of issue of such Bonds as <br /> originally issued; (iii)the rate of interest borne by each such Bond being redeemed; (iv) the <br /> maturity date of each such Bond being redeemed; and (v) any other descriptive <br /> information needed to identify accurately the Bonds being redeemed. <br /> (2) Each further notice of redemption may be sent at least 35 days <br /> before the redemption date by registered or certified mail or overnight delivery service to <br /> all registered securities depositories then in the business of holding substantial amounts of <br /> obligations of types comprising the 1993 Bonds and shall be sent to Moody's Investors <br /> Service and Standard & Poor's Corporation at their respective offices in New York, New <br /> -16- FWW04E.DOC 93/10/28 <br />