Ordinance 1433-88 - Laserfiche WebLink

,Bond is redeemed, upon surrender of such 1988 Bond at the princi- pal office of the Bond Registrar there shall be issued to the registered owner, without charge therefor, for the then unredeemed balance of the principal amount thereof, a new 1988 Bond or Bonds of like maturity and interest rate in any of the denominations authorized by this ordinance. E. Additional Redemption Notice. In addition to the foregoing notice, further notice shall be given by the Bond Registrar on behalf of the City as set forth below, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effective- ness of a call for redemption if notice thereof is given as above described. ( 1 ) Each further notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus ( i ) the CUSIP numbers, if any, of all 1988 Bonds being redeemed; ( ii ) the date of issue of the 1988 Bonds as originally issued; (iii ) the rate of interest borne by each 1988 Bond being redeemed; (iv) the maturity date of each 1988 Bond being redeemed; and (v) any other descriptive information needed to identify accurately the 1988 Bonds being redeemed. (2 ) Each further notice of redemption may be sent at least 35 days before the redemption date by registered or certified mail or overnight delivery service to all regis- tered securities depositories then in the business of holding substantial amounts of obligations of types comprising the 1988 Bonds and shall be sent to Moody' s Investors Service and Standard & Poor' s Corporation at their respective offices in New York, New York and to one or more national information services that disseminate notices of redemption of obliga- tions such as the 1988 Bonds, and shall be sent as well to -22- KR180 88/01/11