Ordinance 831-81 - Laserfiche WebLink

• registered as to principal and the principal and interest of any Bond registered as to both principal and interest, unless regis- tered to bearer, shall be payable only to or upon the order of the registered owner or his duly authorized agent. The City shall not be required to transfer or exchange any Bond registered as to principal or as to principal and interest during the period of fifteen days next preceding any interest payment date of such Bond or to transfer or exchange any Bond after the first publication or the mailing of notice calling such Bond for redemption has been given as herein provided. Section 5 . Redemption Prior to Maturity. The City hereby reserves the right to redeem the outstanding Bonds in whole, or in part by lot, at the following times and at the following prices, expressed as a percentage of par, plus accrued interest to the date of redemption: Redemption Date Redemption Rate July 1, 1983 100. 50% January 1, 1984 100.25% Interest on any Bonds so called for redemption shall cease on such redemption date unless the same shall not be redeemed upon presentation made pursuant to such call . Notice of any such redemption shall be given by one publi- cation thereof in the official City newspaper not more than forty nor less than thirty days prior to said redemption date, and by mailing a like notice at the same time to the original purchaser, or account manager of the purchasers, of the Bonds at their sale by the City, or the successor in business thereof at its main office. In addition, such notice of redemption shall also be mailed to Moody' s Investors Service, Inc . , and to Standard & Poor' s Corporation at their main offices in New York, New York, or to the business successors of such firms, if any, at their main offices. -7- BD339 81/12/28