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98-023
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98-023
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5/8/2007 1:18:03 PM
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11/14/2006 1:46:28 PM
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<br />. <br /> <br />. <br /> <br />. <br /> <br />for redemption in accordance with its terms it is not necessary to issue a new Bond prior <br />to payment. <br /> <br />(i) Redemption. In the event any of the Bonds are called for redemption, <br />notice thereof identifying the Bonds to be redeemed will be given by the Registrar by <br />mailing a copy of the redemption notice by first class mail (postage prepaid) not more <br />than 60 and not less than 30 days prior to the date fixed for redemption to the registered <br />owner of each Bond to be redeemed at the address shown on the registration books kept <br />by the Registrar and by publishing the notice if required by law. Failure to give notice <br />by publication or by mail to any registered owner, or any defect therein, will not affect <br />the validity of the proceedings for the redemption of Bonds. Bonds so called for <br />redemption will cease to bear interest after the specified redemption date, provided that <br />the funds for the redemption are on deposit with the place of payment at that time. <br /> <br />2.04. Execution and Delivery. The Bonds will be prepared under the direction of the <br />City Administrator and executed on behalf of the City by the signatures of the Mayor and the <br />City Administrator, provided that all signatures may be printed, engraved or lithographed <br />facsimiles of the originals. If an officer whose signature or a facsimile of whose signature <br />appears on the Bonds ceases to be such officer before the delivery of any Bond, that signature <br />or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer <br />had remained in office until delivery. When the Bonds have been so prepared, executed and <br />authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the <br />purchase price in accordance with the contract of sale heretofore made and executed, and the <br />Purchaser is not obligated to see to the application of the purchase price. <br /> <br />2.05. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such changes as may be necessary to reflect more than one maturity in a single temporary <br />bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be <br />exchanged therefor and cancelled. <br /> <br />Section 3. <br /> <br />Form of Bond. <br /> <br />3.01. The Bonds will be printed or typewritten in substantially the following form: <br /> <br />SJB1328aO <br />AR200-1 <br />
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