Laserfiche WebLink
1 interest, whenever there shall be sufficient money in the Bond <br /> 2 Fund to pay the Bonds so called and all earlier numbered Bonds <br /> 3 over and above the amount required for the payment of the <br /> 4 interest on all unpaid Bonds . All Bonds redeemed under this <br /> 5 section shall be cancelled . <br /> 6 The City shall cause notice of any intended redemption of <br /> 7 the Bonds to be given not less than 30 nor more than 45 days <br /> 8 prior to the date fixed for redemption by first class mail , <br /> 9 postage prepaid, to the registered owner of any Bond to be <br /> 10 redeemed at the address appearing on the Bond Register at the <br /> 11 time the Bond Registrar prepares the notice, and the require- <br /> 12 ments of this sentence shall be deemed to have been fulfilled <br /> 13 when notice has been mailed as so provided, whether or not it is <br /> 14 actually received by the owner of any Bond. Interest on the <br /> 15 Bonds called for redemption shall cease to accrue on the date <br /> 16 fixed for redemption unless the Bond or Bonds called are not <br /> 17 redeemed when presented pursuant to the call . In addition, the <br /> 18 redemption notice shall be mailed within the same period, <br /> 19 postage prepaid, to Harper , McLean & Company at its principal <br /> 20 office in Seattle, Washington, or its successor , and to such <br /> 21 other persons and with such additional information as the City <br /> 22 Treasurer shall determine, but these additional mailings shall <br /> 23 not be a condition precedent to the redemption of Bonds . <br /> 24 If any Bond is not redeemed when properly presented at its <br /> 25 maturity or call date, the City shall be obligated to pay <br /> - 4 - <br />