Laserfiche WebLink
each such interest payment date on the registration books <br />maintained by the Finance Director, and payment of the principal <br />of and redemption premiums, if any, on the Refunding Bonds shall <br />be made only upon surrender thereof by the registered owners <br />thereof on their maturity dates or on redemption prior to <br />maturity to the Finance Director. <br /> <br /> Any Refunding Bond may be redeemed in whole or in part <br />in integral multiples of the minimum authorized denomination of <br />the Refunding Bonds on the second day of March or September in <br />any year, at the option of the City, upon payment of the <br />principal amount thereof and interest accrued thereon to the date <br />of redemption, together with a premium equal to such percentage <br />or percentages of such principal amount redeemed as shall be <br />determined by the Finance Director of the City in writing after <br />adoption of this resolution but no later than the date of <br />execution of the Bond Purchase Agreement on behalf of the City; <br />provided, that the City shall proceed pursuant to Part 11.1 of <br />the 1915 Act in determining those Refunding Bonds or portions <br />thereof to be redeemed and the manner of the redemption thereof; <br />and provided further, that notice of redemption of any Refunding <br />Bond shall be given by the City as provided in the 1915 Act. <br /> <br /> This City Council declares and determines that it does <br />not and will not obligate itself to advance funds from the City <br />treasury to cure any deficiency which may occur at any time in <br />the Redemption Fund created in Section 8 of this resolution. <br /> <br /> Section 4. (a) The Refunding Bonds shall be initially <br />issued and registered in the name of the Authority and shall be <br /> <br />SF2-18846.1 7 <br /> <br /> <br />