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Resolution 2010-058
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Resolution 2010-058
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principal amount thereof and accrued interest to the date of redemption. The City Administrator <br />shall cause notice of the call for redemption thereof to be published if and as required by law, <br />and at least thirty and not more than 60 days prior to the designated redemption date, shall cause <br />notice of call for redemption to be mailed, by first class mail, to the registered holders of any <br />Bonds to be redeemed at their addresses as they appear on the bond register described in Section <br />2.06 hereof, but no defect in or failure to give such mailed notice of redemption shall affect the <br />validity of proceedings -for the redemption of any Bond not affected by such defect or failure. <br />Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so <br />to be redeemed shall, on the redemption date, become due and payable at the redemption price <br />therein specified and from and after such date (unless the City shall default in the payment of the <br />redemption price) such Bonds or portions of Bonds shall cease to bear. interest. Upon partial <br />redemption of any Bond, a new Bond or Bonds will be delivered to the owner without charge, <br />representing the remaining principal amount outstanding. <br />F111P All& 0 <br />_Jfjr <br />ITAk 0MUMMMIJIM MOUTEORM • <br />[Bonds maturing on February 1, 20 and 20 (the Tenn Bonds) shall be subject to <br />mandatory redemption prior to maturity pursuant to the sinking fund requirements of this Section <br />2.04 at a, redemption price equal to the stated principal amount thereof plus interest accrued <br />thereon to the redemption date, without premium. The Registrar shall select for redemption, by <br />lot or other --mariner deemed fair, on February 1 in each of f-'k.-- -follovdin- years the following <br />stated principal amounts of such Bonds: <br />Term Bonds MaturinglSbruar 1,20— <br />The remaining $_ <br />maturity on February 1, 20 <br />Year Principal Amount <br />Term Bonds Mqjgdag-E!gbruary 1 20 <br />Year Principal Amount <br />The remaining $ stated principal amount of such Bonds shall be paid at <br />maturity on February 1, 20 _ <br />Notice of redemption shall be given as provided in the preceding paragraph.] <br />I <br />
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