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7/17/2007 9:23:32 AM
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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 />Redemption. All Bonds of this issue maturing in the <br />years 1996 to 2004, both inclusive, are subject to redemption <br />and prepayment at the option of the Issuer on March 1, 1995, <br />and on any Interest Payment Date thereafter at a price of par <br />and accrued interest. Redemption may be in whole or in part <br />of the Bonds subject to prepayment. If redemption is in part, <br />those Bonds remaining unpaid which have the latest maturity <br />date shall be prepaid first; and if only part of the Bonds <br />having a common maturity date are called for prepayment, this <br />Bond may be prepaid in $5,000 increments of principal. Bonds <br />or portions thereof called for redemption shall be due and <br />payable on the redemption date, and interest thereon shall <br />cease to accrue from and after the redemption date. <br /> <br />Notice of Redemption. Published notice of <br />redemption shall in each case be given in accordance with law, <br />and mailed notice of redemption shall be given to the paying <br />agent (if other than an officer of the Issuer) and to each <br />affected Holder of the Bonds. In the event any of the Bonds <br />are called for redemption, written notice thereof will be <br />given by first class mail mailed not less than thirty (30) <br />days prior to the redemption date to each Holder of Bonds to <br />be redeemed. In connection with any such notice, the "CUSIP" <br />numbers assigned to the Bonds shall be used. <br /> <br />Replacement or Notation of Bonds after Partial <br />Redemptio~. Upon a partial redemption of this Bond which <br />results in the stated amount hereof being reduced, the Holder <br />may in its discretion make a notation on the panel provided <br />herein of such redemption, stating the amount so redeemed. <br />Such notation, if made by the Holder, shall be for reference <br />only, and may not be relied upon by any other person as being <br />in any way determinative of the principal amount of the Bond <br />outstanding, unless the Bond Registrar has signed the <br />appropriate column of the panel. Otherwise, the Holder may <br />surrender this Bond to the Bond Registrar (with, if the Issuer <br />or the Bond Registrar so requires, a written instrument of <br />transfer in form satisfactory to the Issuer and the Bond <br />Registrar duly executed by the Holder thereof or his, her or <br />its attorney duly authorized in writing) and the Issuer shall <br />execute (if necessary) and the Bond Registrar shall authenti- <br />cate and deliver to the Holder of such Bond, without service <br />charge, a new Bond of the same series having the same stated <br />maturity and interest rate and of the authorized denomination <br />in aggregate principal amount equal to and in exchange for the <br />unredeemed portion of the principal of the Bond so <br />surrendered. <br /> <br />. ,~ <br />
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