Ordinance 1976-504 - Laserfiche WebLink

Home Browse Search

notice of refunding and redemption one or more times in a newspaper or newspapers customarily used by the City for legal notices. The notice shall again be published in such newspaper or newspapers before the Prior Redemption Date of the 1975 Issue, by insertion therein once, publication to be not less than thirty (30) days prior to said Prior Redemption Date. Said notice shall also be sent by registered or certified, prepaid first-class United States mail, at least thirty (30) days prior to said Prior Redemption Date to Boettcher & Company, Denver, Colorado, its successors or assigns. Said notice shall describe the bonds to be called and paid by number, amount and date of issue, the place of redemption, the date on which the same will be redeemed and shall state that after such date the interest on said bonds will cease. Section 13. The City covenants and agrees that it will make no use of the proceeds of the bonds authorized herein which might cause such obligations to be arbitrage bonds within the meaning of Section 103(d) of the Internal Revenue Code of 1954, as amended, and the Regulations proposed and in effect thereunder. Section 14. That if anyone or more section or part of this Ordinance shall be adjudeged unenforceable or invalid, such judgment shall not affect, impair or invalidate the remaining provisions of this Ordinance, it being the intention that the various provisions hereof are severable. Section 15. All ordinances or parts thereof in conflict with this Ordinance are hereby repealed. Section 16. After said Refunding Bonds are issued, this Ordinance shall be and remain irrepealable until said bonds and the interest thereon have been fully paid, satisfied and discharged. Section 17. This Ordinance, as adopted by the City -14-