Ordinance No. 19551 - Laserfiche WebLink

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3.5,2. Unless waived by any Owner of the Series 1988 Bonds to be redeemed, official notice of any such redemption shall be given by the Trustee on behalf of the City by mailing a copy of an official redemption notice by registered or certified mail at least 3~ days and not more than 60 days prior to the date fixed for redemption to the registered owner of the Series 1988 Bond or Bonds to be redeemed at the address shown on the Bond Register or at such other address as is furnished in writing by such registered owner to the Trustee. The City shall notify the Trustee of any intended redemption not less than 45 days prior to the redemption date, Such a notice shall also be mailed to BIG at the address specified in Section 12 hereof. 3.6.3. In the case where the Depository Trust Company ~"DTC"~ is acting as securities depository for the Series 1988 Bonds and less than all Series 1988 Bands of a maturity are to be redeemed, the Trustee shall notify DTC not less than 34 nor more than 60 days prior to the date fixed for redemption of the maturity to be redeemed. DTC shall determine by lot the principal of the maturity of Series 1988 Bonds to be redeemed of each DTC participant's interest in such maturity to be redeemed. 3.6.4. All official notices of redemption shall be dated and shall state: 3.6.4.1, the redemption date, 3.6.4.2, the redemption price, 3.6.4.3, if less than all Outstanding Series 1988 Bonds are to be redeemed, the identification hand, in the ease of partial redemption, the respective principal amounts of the Series 1988 Bonds to be redeemed, 3.6,4.4, that on the redemption date the redemption price will become due and payable upon each such Series 1985 Bond or portion thereof called for redemption, and that interest thereon shall cease to accrue from and after said date, and 3.6.4.5. the place where such Series 1988 Bonds are ~o be surrendered for payment of the redemption price, which place of payment shall be the principal corporate trust office of the Trustee. 3.6.5. Prior to any redemption date, the City shall deposit with the Trustee an amount of money sufficient to pay the accrued interest and redemption price of all the Bonds or por- tions of Series 1988 Bonds which are to be redeemed on that date. 3.6.6. official notice of redemption having been given as aforesaid, the Series 1988 Bonds or portions of Series 1988 Bonds sa to be redeemed shall, on the redemption date, Page 21 - ordinance