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14 - Sale of Combination Tax & Surplus Revenue Certificates of Obligation Series 2024
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03-25-2024
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14 - Sale of Combination Tax & Surplus Revenue Certificates of Obligation Series 2024
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ON JUNE 15, 2033 or any date thereafter, the Certificates of this series may be redeemed <br />prior to their scheduled maturities, at the option of the City, with funds derived from any available <br />and lawful source, as a whole, or in part, and, if in part, the particular Certificates, or portions <br />thereof, to be redeemed shall be selected and designated by the City (provided that a portion of a <br />Certificate may be redeemed only in an integral multiple of $5,000), at a redemption price equal <br />to the principal amount to be redeemed plus accrued interest to the date fixed for redemption. <br />AT LEAST THIRTY days prior to the date fixed for any redemption of Certificates or <br />portions thereof prior to maturity a written notice of such redemption shall be sent by the Paying <br />Agent/Registrar by United States mail, first-class postage prepaid to the registered owner of each <br />Certificate to be redeemed at its address as it appeared on the 45th day prior to such redemption <br />date; provided, however, that the failure of the registered owner to receive such notice, or any <br />jW11W_4"iW1a_%1a1 "Rise <br />the proceedings for the redemption of any Certificate. By the date fixed for any such redemption <br />due provision shall be made with the Paying Agent/Registrar for the payment of the required <br />redemption price for the Certificates or portions thereof that are to be so redeemed. If such written <br />notice of redemption is sent and if due provision for such payment is made, all as provided above, <br />WITH RESPECT TO ANY OPTIONAL REDEMPTION OF THE CERTIFICATES, <br />unless certain prerequisites to such redemption required by the Certificate Ordinance have been <br />met and money sufficient to pay the principal of and premium, if any, and interest on the <br />Certificates to be redeemed will have been received by the Paying Agent/Registrar prior to the <br />of the City, be conditional upon the satisfaction of such prerequisites and receipt of such money <br />by the Paying Agent/Registrar on or prior to the date fixed for such redemption or upon any <br />prerequisite set forth in such notice of redemption. If a conditional notice of redemption is given <br />WIMCA-EIC AULAUX Ul XU 1Vr'11' LL+ --al Ulit:UL Ulat SUCII %_CrM1CaLCS JUIV Elf" <br />been redeemed. <br />ALL CERTIFICATES OF' THIS SERIES are issuable solely as fully registered certificates, <br />without interest coupons, in the principal denomination of any integral multiple of $5,000. As <br />provided in the Certificate Ordinance, this Certificate may, at the request of the registered owner <br />or the assignee or assignees hereof, be assigned, transferred, converted into and exchanged for a <br />like aggregate principal amount of fully registered certificates, without interest coupons, payable <br />to the appropriate registered owner, assignee or assignees, as the case may be, having the same <br />denomination or denominations in any integral multiple of $5,000 as requested in writing by the <br />W <br />
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