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Ordinance 1924-93
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Ordinance 1924-93
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4/27/2017 11:22:54 AM
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Ordinances
Ordinance Number
1924-93
Date
1/20/1993
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• <br /> (unless the City shall default in the payment of the redemption <br /> price) such Bonds or portions of Bonds shall cease to bear <br /> interest . Upon surrender of such Bonds for redemption in <br /> accordance with said notice, such Bonds shall be paid by the Bond <br /> Registrar at the redemption price . Installments of interest due <br /> on or prior to the redemption date shall be payable as herein <br /> provided for payment of interest . Upon surrender for any partial <br /> redemption of any Bond, there shall be prepared for the <br /> registered owner a new Bond or Bonds of the same maturity in the <br /> amount of the unpaid principal . All Bonds which have been <br /> redeemed shall be cancelled and destroyed by the Bond Registrar <br /> and shall not be reissued. <br /> In addition to the foregoing notice, further notice shall be <br /> given by the Bond Registrar as set out below, but no defect in <br /> said further notice nor any failure to give all or any portion of <br /> such further notice shall in any manner defeat the effectiveness <br /> of a call for redemption if notice thereof is given as above <br /> prescribed. <br /> (1) Each further notice of redemption given <br /> hereunder shall contain the information required above for <br /> an official notice of redemption plus : (i) the CUSIP <br /> numbers of all Bonds being redeemed; (ii) the date of issue <br /> of the Bonds as originally issued; (iii) the rate of <br /> interest born by each Bond being redeemed; (iv) the <br /> maturity date of each Bond being redeemed; and (v) any other <br /> -12- FW WOOH.DOC 93/01/08 <br />
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