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AG 2006 08 21
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AG 2006 08 21
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Last modified
8/24/2006 1:40:13 PM
Creation date
11/27/2017 11:33:43 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/21/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />redemption shall cease to accrue, such Bonds or portions thereof shall cease to be entitled to any <br /> <br />benefits or security under the Resolution or to be deemed outstanding, and the registered owners <br /> <br />of such Bonds or portions thereof shall have no rights in respect thereof except to receive <br /> <br />payment of the redemption price thereof, plus accrued interest to the date of redemption. If a <br /> <br />portion of this Bond shall be called for redemption, a new Bond or Bonds in principal amount <br /> <br />equal to the unredeemed portion hereof will be issued to the registered owner hereof or the legal <br /> <br />representative of said owner upon the surrender hereof. <br /> <br />The County shall have the right to revoke any call of Bonds for redemption if, on or prior <br /> <br />to the third (3rd) business day preceding any date fixed for redemption of Bonds, the County <br /> <br />gives written notice to the Bond Registrar and the registered owner of each Bond theretofore <br /> <br />called for redemption that the County has elected to revoke its call of such Bonds for <br /> <br />redemption. <br /> <br />[The following four paragraphs are to be included in the form of Bond <br />so long as the Bonds are being issued pursuant to a book-entry system.] <br /> <br />The Bonds initially are being issued by means of a book-entry system with no physical <br /> <br />distribution of Bond certificates to be made except as provided in the Resolution. Initially one <br /> <br />fully registered Bond certificate for each stated maturity of the Bonds, in the aggregate principal <br /> <br />amount of the Bonds of such stated maturity and registered in the name of the Securities <br /> <br />Depository Nominee (as defined in the Resolution), a nominee of the Securities Depository (as <br /> <br />defined in the Resolution), is being issued and required to be deposited with the Securities <br /> <br />Depository and immobilized in its custody. The book-entry system of the Securities Depository <br /> <br />will evidence positions held in the Bonds by the Securities Depository's participants, with <br /> <br />beneficial ownership of the Bonds in the principal amount of $5,000 or any whole multiple <br /> <br />11 <br /> <br />~-5 <br />
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