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Ordinance 1740-90
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Ordinance 1740-90
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9/28/2017 10:56:37 AM
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9/28/2017 10:56:28 AM
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Ordinances
Ordinance Number
1740-90
Date
10/3/1990
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(a) the redemption date; <br /> (b) the redemption price; <br /> (c) if less than all outstanding Bonds are to be <br /> redeemed, the identification (and, in the case of partial redemp- <br /> tion, the respective principal amounts) of the Bonds to be <br /> redeemed; <br /> (d) that on the redemption date the redemption price <br /> will become due and payable upon each such Bond or portion <br /> thereof called for redemption, and that interest thereon shall <br /> cease to accrue from and after said date; and <br /> (e) the place where such Bonds are to be surrendered <br /> for payment of the redemption price, which place of payment shall <br /> be the principal office of the Bond Registrar. <br /> Prior to any redemption date, the City shall deposit with <br /> the Bond Registrar an amount of money sufficient to pay the <br /> redemption price of all the Bonds or portions of Bonds which are <br /> to be redeemed on that date. <br /> Official notice of redemption having been given as <br /> aforesaid, the Bonds or portions of Bonds so to be redeemed <br /> shall, on the redemption date, become due and payable at the <br /> redemption price therein specified, and from and after such date <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 /> -10- KR113 90/09/17 <br />
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