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2013/01/09 Council Agenda Packet
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2013/01/09 Council Agenda Packet
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Council Agenda Packet
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1/9/2013
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a <br />redemption price, (3) if fewer than all outstanding Bonds are to be redeemed, the identification <br />by maturity (and, in the case of partial redemption, the principal amounts) of the Bonds to be <br />redeemed, (4) that (unless the notice of redemption is a conditional notice, in which case the <br />notice shall state that interest shall cease to accrue from the date fixed for redemption if and to <br />the extent that funds have been provided to the Registrar for the redemption of Bonds) on the <br />date fixed for redemption the redemption price will become due and payable upon each Bond or <br />portion called for redemption, and that interest shall cease to accrue from the date fixed for <br />redemption, (5) that the Bonds are to be surrendered for payment at the principal office of the <br />Registrar, (6) the CUSIP numbers of all Bonds being redeemed, (7) the dated date of the Bonds <br />being redeemed, (8) the rate of interest for each Bond being redeemed, (9) the date of the notice, <br />and (10) any other information deemed necessary by the Registrar to identify the Bonds being <br />redeemed. <br />Upon the payment of the redemption price of Bonds being redeemed, each check or other <br />transfer of funds issued for such purpose shall bear the CUSIP number identifying, by issue and <br />maturity, the Bonds being redeemed with the proceeds of such check or other transfer. <br />(g) Effect of Redemption. Unless the City has revoked a notice of redemption (or <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 />31 <br />_28_ PA20287 CM1M20287_9RC 01/02/13 <br />
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