Laserfiche WebLink
Maturity Years Interest Rates <br />• 1994 <br />1995 <br />1996 <br />1997 <br />1998 <br />7.60b <br />7.80 <br />8.00$ <br />8.10$ <br />8. 20~ <br />6. All Bonds of this issue maturing in the years <br />1995 to 1998, both inclusive, shall be subject to redemption <br />and prepayment at the option of the City on March 1, 1994 and <br />on any interest payment date thereafter at nar and accrued <br />interest. Redemption may be in whole or in part of the Ronds <br />subject to prepayment. If redemption is in part, those Ronds <br />remaining unpaid which have the latest maturity date shall be <br />prepaid first; and if. only part of the Ronds having a common <br />maturity date are called for prepayment, the specific Ronds to <br />be prepaid shall be chosen by lot by the Bond Registrar. <br />Published notice of redemption shall in each case be given in <br />accordance with law, and mailed notice of redemption shall be <br />given to the paying agent and to each registered holder of the <br />Bonds. <br />To effect a partial redemption of Ronds having a com- <br />mon maturity date, the Bond Registrar prior to giving notice of <br />redemption, shall assign to each Bond having a common mat~irity <br />date a distinctive number for each $5,000 of the principal <br />amount of such Bond. The Bond Registrar shall then select by <br />lot, using such method of selection as it shall deem proper in <br />its discretion, numbers so assigned to such Ronds, as many <br />numbers as, at $5,000 for each number, shall equal the <br />principal amount of such Ronds to be redeemed. The Ronds to be <br />redeemed shall be the Bonds to which were assigned numbers so <br />selected; provided, however, that only so much of the principal <br />amount of each such Rond of a denomination of more than $5,~0~ <br />shall be redeemed as shall equal $5,000 for each number <br />assigned to it and so selected. If a Bond is to be redeemed <br />only in part, it shall be surrendered to the Rond Registrar <br />with, if the City or the Rond Registrar so requires, a written <br />instrument of transfer in form satisfactory to the City and the <br />Bond Registrar duly executed by the holder thereof or his <br />attorney duly authorized in writing) and the City shall execute <br />and the Rond Registrar shall authenticate and deliver to the <br />holder of such Bond, without service charge, a new Rond or <br />Bonds of the same series having the same stated maturity and <br />interest rate and of any authorized denomination or <br />denominations, as requested by such holder,. in aggregate <br />principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Rond so surrendered. <br />• <br />