Laserfiche WebLink
Notice of redemption identifying the bonds or portions thereof (which shall be <br /> $5,000 or a multiple thereof)to be redeemed and the date they shall be presented for payment shall <br /> be given by the Trustee, not less than 30 nor more than 60 days prior to the date fixed for <br /> redemption, by sending a copy of the redemption notice by first class mail, postage prepaid, or <br /> other acceptable standard means of delivery, including facsimile or electronic communication, to <br /> all registered owners of bonds to be-redeemed. Failure to send an appropriate notice or any such <br /> notice to one or more registered owners of bonds to be redeemed shall not affect the validity of the <br /> proceedings for redemption of other bonds as to which notice of redemption is duly given in proper <br /> and timely fashion. All such bonds or portions thereof thus called for redemption and for the <br /> retirement of which funds are duly provided in accordance with the Authorizing Ordinance prior <br /> to the date fixed for redemption will cease to bear interest on such redemption date. <br /> This bond is transferable by the Registered Owner shown above in person or by his <br /> attorney-in-fact duly authorized in writing at the principal corporate trust office of the Trustee,but <br /> only in the manner, subject to the limitations and upon payment of the charges provided in the <br /> Authorizing Ordinance, and upon surrender and cancellation of this bond. Upon such transfer a <br /> new fully registered bond or bonds of the same maturity and series, of authorized denomination or <br /> denominations, for the same aggregate principal amount, will be issued to the transferee in <br /> exchange therefor. This bond is issued with the intent that the laws of the State shall govern its <br /> construction. <br /> The City and the Trustee may deem and treat the Registered Owner shown above <br /> as the absolute owner hereof for the purpose of receiving payment of or on account of principal <br /> hereof and interest due hereon and for all other purposes,and neither the City nor the Trustee shall <br /> be affected by any notice to the contrary. <br /> The bonds are issuable only as fully registered bonds in the denomination of$5,000, <br /> and any integral multiple thereof. Subject to the limitations and upon payment of the charges <br /> provided in the Authorizing Ordinance, fully registered bonds may be exchanged for a like <br /> aggregate principal amount of fully registered bonds of the same maturity, interest rate and series <br /> of other authorized denominations. <br /> This bond shall not be valid until it shall have been authenticated by the Certificate <br /> hereon duly signed by the Trustee. <br /> IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, <br /> conditions and things required to exist,happen and be performed, under the Constitution and laws <br /> of the State, particularly Amendment No. 62 to the Constitution of the State and the Authorizing <br /> Legislation, precedent to and in the issuance of this bond have existed, have happened and have <br /> been performed in due time,form and manner as required by law;that the indebtedness represented <br /> by this bond and the issue of which it forms a part does not exceed any constitutional or statutory <br /> limitation; and that taxes sufficient to pay the bonds and interest thereon have been duly levied in <br /> accordance with the Authorizing Legislation and made payable until all of the bonds and interest <br /> thereon have been fully paid and discharged. <br /> 16 <br />