Laserfiche WebLink
• Year Amount <br /> *Final Maturity <br /> In the event that any Bonds maturing in the year are redeemed pursuant to (a) above by <br /> the City and canceled by the Registrar and not reissued, the Bonds maturing in the year so <br /> redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed <br /> pursuant to this subsection (c), such credit to be equal to the principal amount of the Bonds <br /> maturing in the year so redeemed or canceled provided that the City has notified the <br /> Register not less than thirty-five (35) days prior to the redemption date of its election to apply <br /> such Bonds as a credit.] <br /> (d) At least thirty days prior to the date set for redemption of any Bond, the City shall <br /> cause notice of the call for redemption to be mailed to the Registrar and to the registered owner <br /> of each Bond to be redeemed, but no defect in or failure to give such mailed notice of <br /> redemption shall affect the validity of proceedings for the redemption of any Bond not affected <br /> by such defect or failure. The notice of redemption shall specify the redemption date, <br /> • redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed <br /> and the place at which the Bonds are to be surrendered for payment, which is the principal office <br /> of the Registrar. Official notice of redemption having been given as aforesaid, the Bonds or <br /> portions thereof so to be redeemed shall, on the redemption date, become due and payable at the <br /> redemption price therein specified and from and after such date (unless the City shall default in <br /> the payment of the redemption price) such Bonds or portions thereof shall cease to bear interest. <br /> Bonds in a denomination larger than $5,000 may be redeemed in part in any integral <br /> multiple of$5,000. The owner of any Bond redeemed in part shall receive without charge, upon <br /> surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations <br /> equal in principal amount to be unredeemed portion of the Bond so surrendered. <br /> 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the <br /> City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the <br /> City Manager; provided that said signatures may be printed, engraved, or lithographed facsimiles <br /> thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on <br /> the Bonds shall cease to be such officer before the delivery of any Bond, such signature or <br /> facsimile shall nevertheless be valid and sufficient for all purposes,the same as if such officer <br /> had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or <br /> obligatory for any purpose or entitled to any security or benefit under this Resolution unless and <br /> until a certificate of authentication on such Bond has been duly executed by the manual signature <br /> of an authorized representative of the Registrar. Certificates of authentication on different Bonds <br /> • need not be signed by the same representative. The executed certificate of authentication on <br /> each Bond shall be conclusive evidence that it has been authenticated and delivered under this <br /> -10- <br />