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Ordinance 3450-15
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Ordinance 3450-15
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11/2/2015 4:12:28 PM
Creation date
10/13/2015 10:19:49 AM
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Ordinances
Ordinance Number
3450-15
Date
9/30/2015
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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 />(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 />-30- P,\20287 CMVVV0287 B32 09/09/15 <br />
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