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Ordinance 1993-1130
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Ordinance 1993-1130
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Last modified
3/12/2021 10:52:17 AM
Creation date
2/9/2006 4:15:54 PM
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Template:
City Council Records
Doc Type
Ordinance
Signed Date
12/7/1993
Ord/Res - Year
1993
Ord/Res - Number
1130
Original Hardcopy Storage
7E3
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ORD 1993-1130
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<br />any Owner of any Bond or to the Bond Insurer. or any defect therein, sball not affect the <br />Validity of any proceedings for the redemption of any Bonds. AclUa.l receipt of mailed notice <br />by the Owner of any Bond or the Bond Insurer shall not be a condition Precedeot to the <br />redemption of such Bond or any other Bond. The principal amount so redeemed will be <br />payable upon presentation and surrender of the Bond at the Paying Agent, and accrued <br />interest to the redemption date will be paid by check or draft mailed to the Registered <br />Owner (or by alternative means if so agreed to by the Registered Owner and the Paying <br />Agent). AIl Bonds so called for redemption will cease to bear interest after the specified <br />redemption date. <br /> <br />Section 8. Form and Execution of Bonds. The Bonds shaU be signed <br />with the facsimile or manual signature of the Mayor of the City, sealed with a facsimile or <br />manual impression of the seal of the City, and attested by the facsimile or manual signature <br />of the City Clerk. Should any officer whose facsimile or manual signature appears on the <br />Bonds cease to be such officer before delivery of the Bonds to the purchaser, such facsimile <br />or manual signature shall nevertheless be valid and sufficient for all purposes. <br />The Bonds shall be in substantiaUy the foUowing form (provided that any <br />of the text of the Bonds may, with appropriate reference, be printed on the back of the <br />Bonds and there may be included thereon any statement of insurance as may reasonably be <br />required by the Bond Insurer): <br /> <br />- 17 - <br />
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