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RES 15-075 AUTHORIZING ISSUANCE, AWARDING SALE, PRESCRIBING THE FORM AND DETAILS AND PROVIDING FOR THE PAYMENT OF $4,310,000 GENERAL OBLIGATION TAX INCREMENT REVENUE REFINANCING BONDS, SERIES 2015B
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RES 15-075 AUTHORIZING ISSUANCE, AWARDING SALE, PRESCRIBING THE FORM AND DETAILS AND PROVIDING FOR THE PAYMENT OF $4,310,000 GENERAL OBLIGATION TAX INCREMENT REVENUE REFINANCING BONDS, SERIES 2015B
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12/16/2015 2:04:25 PM
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City Council
Meeting Date
12/8/2015
Meeting Type
Regular
Document Type
Council Resolutions
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<br /> <br />The remaining $165,000 stated principal amount of such Bonds shall be paid at maturity on <br />August 1, 2028. <br /> <br />Term Bonds Maturing August 1, 2029 <br />Year Principal Amount <br /> <br /> 2029 $165,000 <br /> <br />The remaining $175,000 stated principal amount of such Bonds shall be paid at maturity on <br />August 1, 2029. <br /> <br />Term Bonds Maturing February 1, 2031 <br />Year Principal Amount <br /> <br /> 2030 $355,000 <br /> <br />The remaining $185,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2031. <br />Notice of redemption shall be given in accordance with the preceding paragraph. <br />As provided in the Resolution and subject to certain limitations set forth therein, this <br />Bond is transferable upon the books of the City at the principal office of the Registrar, by the <br />registered owner hereof in person or by the owner's attorney duly authorized in writing upon <br />surrender hereof together with a written instrument of transfer satisfactory to the Registrar, duly <br />executed by the registered owner or the owner's attorney, and may also be surrendered in <br />exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City <br />will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of <br />the same aggregate principal amount, bearing interest at the same rate and maturing on the same <br />date, subject to reimbursement for any tax, fee or governmental charge required to be paid with <br />respect to such transfer or exchange. <br /> <br />The Bonds have been designated by the City as “qualified tax-exempt obligations” <br />pursuant to Section 265(b) of the Internal Revenue Code of 1986. <br />The City and the Registrar may deem and treat the person in whose name this Bond is <br />registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of <br />receiving payment and for all other purposes, and neither the City nor the Registrar shall be <br />affected by any notice to the contrary. <br /> <br />Notwithstanding any other provisions of this Bond, so long as this Bond is registered in <br />the name of Cede & Co., as nominee of The Depository Trust Company, or in the name of any <br />other nominee of The Depository Trust Company or other securities depository, the Registrar <br />shall pay all principal of and interest on this Bond, and shall give all notices with respect to this
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