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7/17/2007 9:22:51 AM
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4/25/2005 12:32:46 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8268
Resolution Title
For the Purpose of Opening and Considering Bids for, and Awarding the Sale of, $4,500,000 General Obligation Improvement Bonds, Series 14
Resolution Date Passed
2/17/1988
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<br />presentation of this Bond, which payment shall be received no <br />later than l2:00 noon Chicago, Illinois, time and may make a <br />notation on the panel provided herein of such redemption, <br />stating the amount so redeemed, or may return the Bond to the <br />Bond Registrar in exchange for a new Bond in the proper <br />principal amount. Such notation, if made by the Holder, shall <br />be for reference only, and may not be relied upon by any other <br />person as being in any way determinative of the principal <br />amount of this Bond outstanding, unless the Bond Registrar <br />has signed the appropriate column of the panel. Interest on <br />this Bond will be paid on each Interest Payment Date by check <br />or draft in next day funds or its equivalent mailed (or by <br />wire transfer in immediately available funds if payment in <br />such form is necessary to meet the timing requirements below) <br />to the person in whose name this Bond is registered (the <br />"Holder" or "Bondholder") on the registration books of the <br />Issuer maintained by the Bond Registrar and at the address <br />appearing thereon at the close of business on the fifteenth <br />calendar day preceding such Interest Payment Date (the <br />"Regular Record Date"). Interest payment shall be received by <br />the Holder no later than 12:00 noon Chicago, Illinois, time; <br />and principal and premium payments shall be received by the <br />Holder no later than 12:00 noon Chicago, Illinois, time if the <br />Bond is surrendered for payment enough in advance to permit <br />payment to be made by such time. Any interest not so timely <br />paid shall cease to be payable to the person who is the Holder <br />hereof as of the Regular Record Date, and shall be payable to <br />the person who is the Holder hereof at the close of business <br />on a date (the "Special Record Date") fixed by the Bond <br />Registrar whenever money becomes available for payment of the <br />defaulted interest. Notice of the Special Record Date shall <br />be given to Bondholders not less than ten days prior to the <br />Special Record Date. The principal of and premium, if any, <br />and interest on this Bond are payable in lawful money of the <br />United States of America. <br /> <br />Date of payment Not Business Day. If the date for <br />payment of the principal of, premium, if any, or interest on <br />this Bond ~hall be a Saturday, Sunday, legal holiday or a day <br />on which banking institutions in the City of Chicago, <br />Illinois, or the city where the principal office of the Bond <br />Registrar is located are authorized by law or executive order <br />to close, then the date for such payment shall be the next <br />succeeding day which is not a Saturday, Sunday, legal holiday <br />or a day on which such banking institutions are authorized to <br />close, and payment on such date shall have the same force and <br />effect as if made on the nominal date of payment. <br /> <br />12 <br />
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