|
<br />
<br />
<br />
<br />
<br />
<br /> together with purchase of Airport equipment, and for paying legal, fiscal, architectural and
<br /> engineering fees in connection with such projects.
<br />
<br /> ON DECEMBER 15, 2003, or any date thereafter, the Certificates of Obligation of
<br /> this Series may be redeemed prior to their scheduled maturities, at the option of the Issuer,
<br /> with funds derived from any available and lawful source, as a whole, or in part, and, if in
<br /> part, the Issuer shall select and designate the maturity or maturities and the amount that is
<br /> to be redeemed, and if less than a whole maturity is to be called, the Issuer shall direct the
<br /> Paying Agent/Registrar to call by lot (provided that a portion of a Certificate of Obligation
<br /> may be redeemed only in an integral multiple of $5,000), at the redemption price of the
<br /> principal amount thereof, plus accrued interest to the date fixed for redemption.
<br />
<br /> AT I,EAST 30 days prior to the date fixed for any redemption of Certificates of
<br /> Obligation or portions thereof prior to maturity a written notice of such redemption shall
<br /> be published once in a financial publication, journal, or reporter of general circulation
<br /> among securities dealers in The City of New York, New York (including, but not limited to,
<br /> The Bond Buyer and The Wall Street Joumal), or in the State of Texas (including, but not
<br /> limited to, The Telcas Bond Reporter). Such notice also shall be sent by the Paying
<br /> Agent/Registrar by United States mail, first class postage prepaid, not less than 30 days prior
<br /> to the date fixed for any such redemption, to the registered owner of each Certificate of
<br /> Obligation to be redeemed at its address as it appeared on the 45th day prior to such
<br /> redemption date; provided, however, that the failure to send, mail, or receive such notice,
<br /> or any defect therein or in the sending or mailing thereot shall not affect the validity or
<br /> effectiveness of the proceedings for the redemption of any Certificate of Obligation, and it
<br /> is hereby specifically provided that the publication of such notice as required above shall be
<br /> the only notice actually required in connection with or as a prerequisite to the redemption
<br /> of any Certificates of Obligation or portions thereof. By the date fixed for any such
<br /> redemption due provision shall be made with the Paying Agent/Registrar for the payment
<br /> of the required redemption price for the Certificates of Obligation or portions thereof which
<br /> are to be so redeemed,plus accrued interest thereon to the date fixed for redemption. If
<br /> such written notice of redemption is published and if due provision for such payment is
<br /> made, all as provided above, the Certificates of Obligation or portions thereof which are to
<br /> be so redeemed thereby automatically shall be treated as redeemed prior to their scheduled
<br /> maturities, and they shall not bear interest after the date fixed for redemption, and they shall
<br /> not be regarded as being outstanding except for the right of the registered owner to receive
<br /> the redemption price plus accrued interest from the Paying Agent/Registrar out of the funds
<br /> provided for such payment. If a portion of any CertiScate of Obligation shall be redeemed
<br /> a substitute Certificate of Obligation or Certificates of Obligation having the same maturity
<br /> date, bearing interest at the same rate, in any denominadon or denominations in any integral
<br /> multiple of $5,000, at the written request of the registered owner, and in aggregate principal
<br /> amount equal to the unredeemed portion thereot will be issued to the registered owner
<br /> upon the surrender thereof for cancellation, at the expense of the Issuer, all as provided in
<br /> the Certificates of Obligation Ordinance.
<br />
<br />
<br /> 20
<br />
|