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CCRes_90-09
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CCRes_90-09
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• redemption date, become due and payable at the redemption price <br />therein specified and from and after such date (unless the City <br />shall default in the payment of the redemption price) such <br />Bonds or portions thereof shall cease to bear interest. <br />In addition to the notice prescribed by the preceding <br />paragraph, the City shall also give, or cause to be given, <br />notice of the redemption of any Bond or Bonds or portions <br />thereof at least 35 days before the redemption date by <br />certified mail or telecopy to the Purchaser and all registered <br />securities depositories then in the business of holding <br />substantial amounts of obligations of the character of the <br />Bonds (such depositories now being The Depository Trust <br />Company, of Garden City, New York; Midwest Securities Trust <br />Company, of Chicago, Illinois; Pacific Securities Depository <br />Trust Company, of San Francisco, California; and Philadelphia <br />Depository Trust Company, of Philadelphia, Pennsylvania) and <br />one or more national information services that disseminate <br />information regarding municipal bond redemptions; provided that <br />any defect in or any failure to give any notice of redemption <br />prescribed by this paragraph shall not affect the validity of <br />the proceedings for the redemption of any Bond or portion <br />thereof . <br />Bonds in a denomination larger than X5,000 may be <br />. redeemed in part in any integral multiple of $5,000. The owner <br />of any Bond redeemed in part shall receive without charge, upon <br />surrender of such Bond to the Registrar, one or more new Bonds <br />in authorized .denominations equal in principal amount to be <br />unredeemed portion of the Bond so surrendered. <br />3.06. Preparation and Delivery. The Bonds shall be <br />prepared under the direction of the City Clerk and shall be <br />ezecuted on behalf of the City by the signatures of the Mayor <br />and the City Clerk and shall be sealed with the official <br />corporate seal of the City; provided that said signatures and <br />the corporate seal may be printed, engraved, or lithographed <br />facsimiles thereof. In case any officer whose signature, or a <br />facsimile of whose signature, shall appear on the Bonds shall <br />cease to be such officer before the delivery of any Bond, such <br />signature or facsimile shall nevertheless be valid and <br />sufficient for all purposes, the same as if such officer had <br />remained in office until delivery. Notwithstanding such <br />ezecution, no Bond shall be valid or obligatory for any purpose <br />or entitled to any security or benefit under this Resolution <br />unless and until a certificate of authentication on such Bond <br />has been duly ezecuted by the manual signature of an authorized <br />representative of the Registrar. Certificates~of authentication <br />on different Bonds need not~be signed by the same <br />representative. The ezecuted certificate of authentication on <br /> <br />-12- <br />
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