RES 02047 - Laserfiche WebLink

be required to, advance moneys for any such purpose so long as such moneys are derived from a source legally available for such purpose and may be legally used by the City for such purpose, The obligation of the City to make the Debt Service Payments and the other amounts due hereunder is a special obligation of the City payable solely from the moneys legally available therefor hereunder. and does not constitute a debt of the City or of the State of California or of any political subdivision thereof within the meaning of any constitutional or statutory debt limitation or restriction, ARTICLE IV REDEMPTION OF BONDS Section 4.01. Terms of Redemption. (a) Extraordinarv Casualtv Redemption. The Bonds are subject to extraordinary redemption on any Interest Payment Date (but not in a total redemption amount of less than $20.000 in principal amount at anyone time). upon notice as hereinafter provided. as a whole or in part in integral multiples of $5.000, from funds received by the City due to a casualty loss or governmental taking of the Enterprise or portions thereof by eminent domain proceedings. under the circumstances and upon the conditions and terms prescribed in Sections 5. I 3 and 5. J 8 herein. in inverse order of maturities and by lot within a maturity. at a redemption price equal to the sum of the principal amount to be redeemed plus accrued interest accrued to the date fixed for redemption of the Bonds, without premium, (b) OPtional Redemption. Bonds maturing on or after September 1. 2006. shall be subject to redemption prior to their respective maturity dates as a whole or in part. in inverse order of maturities and by lot within a maturity from any available funds of the City. on any date on or after September 1,2005. at a redemption price equal to the principal amount of the Bonds to be redeemed. plus accrued interest to the date of redemption of the Bonds. without premium. *(C) [SINKING FUND REDEMPTION PROVISIONS TO COME IF NECESSARY] Section 4.02. Selection of Bonds for RedernPlion. In the event that part. but not all. of the Bonds are to be redeemed, the Bonds to be redeemed shall be selected by the Trustee in inverse order of maturity and by lot within a maturity. For the purpose of the selection described in this Section, all Bonds registered in the name of the same Owner shall be aggregated and treated as a single Bond held by such Owner. Notwithstanding any of the foregoing. in any such partial redemption the Trustee shall call the Bonds in integral multiples of$5.000. In the event of a redemption for which the Trustee does not have monies available to redeem the entire amount scheduled for redemption. the Trustee shall redeem Bonds of the applicable maturity or maturities by lot up to a principal amount equal to the available monies. -24- Pleasanton Cross Town Indenture c:nDOC