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Last modified
7/17/2007 9:23:32 AM
Creation date
4/25/2005 12:35:45 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8417
Resolution Title
Awarding the purchase of $3,500,000.00 in General Obligation Improvement Bonds, Series 15, to Prudential Bache
Resolution Date Passed
2/22/1989
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<br />-~ ; <br /> <br />without presentation of this Bond, which payment shall be <br />received no later than 12:00 noon Chicago, Illinois, time and <br />may make a notation on the panel provided herein of such <br />redemption, stating the amount so redeemed, or may return the <br />Bond to the Bond Registrar in exchange for a new Bond in the <br />proper principal amount. Such notation, if made by the <br />Holder, shall be for reference only, and may not be relied <br />upon by any other person as being in any way determinative of <br />the principal amount of this Bond outstanding, unless the Bond <br />Registrar has signed the appropriate column of the panel. <br />Interest on this Bond will be paid on each Interest Payment <br />Date by check or draft in next day funds or its equivalent <br />mailed (or by wire transfer in immediately available funds if <br />payment in such form is necessary to meet the timing <br />requirements below) to the person in whose name this Bond is <br />registered (the "Holder" or "Bondholder") on the registration <br />books of the Issuer maintained by the Bond Registrar and at <br />the address appearing thereon at the close of business on the <br />fifteenth calendar day preceding such Interest Payment Date <br />(the "Regular Record Date"). Interest payment shall be <br />received by the Holder no later than 12:00 noon, Chicago, <br />Illinois, time; and principal and premium payments shall be <br />received by the Holder no later than 12:00 noon, Chicago, <br />Illinois, time, if the Bond is surrendered for payment enough <br />in advance to permit payment to be made by such time. Any <br />interest not so timely paid shall cease to be payable to the <br />person who is the Holder hereof as of the Regular Record Date, <br />and shall be payable to the person who is the Holder hereof at <br />the close of business on a date (the "Special Record Date") <br />fixed by the Bond Registrar whenever money becomes available <br />for payment of the defaulted interest. Notice of the Special <br />Record Date shall be given to Bondholders not less than ten <br />days prior to the Special Record Date. The principal of and <br />premium, if any, and interest on this Bond are payable in <br />lawful money of the 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 shall 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 />
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