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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 />called for redemption that the County has elected to revoke its call of such Bonds for <br /> <br />redemption. <br /> <br />If any Bonds or portions thereof are to be redeemed, the Bond Registrar shall open a <br /> <br />separate account for the sole benefit of the bondholders whose Bonds are being redeemed, which <br /> <br />account may be maintained by the Bond Registrar or by an agent. On or before the date fixed for <br /> <br />redemption, moneys shall be deposited with the Bond Registrar in its capacity as such for deposit <br /> <br />in such account to pay the principal of and the redemption premium, if any, on the Bonds or <br /> <br />portions thereof called for redemption as well as the interest accruing thereon to the redemption <br /> <br />date thereof. <br /> <br />On the date fixed for redemption, notice of such call for redemption having been given in <br /> <br />the manner and under the conditions hereinabove provided and not revoked as hereinabove <br /> <br />provided, the Bonds or portions thereof so called for redemption shall be due and payable from <br /> <br />the moneys required to be deposited in such account at the redemption price provided therefor, <br /> <br />plus accrued interest to such date. If moneys sufficient to pay the redemption price of the Bonds <br /> <br />or portions thereofto be redeemed, plus accrued interest thereon to the date fixed for redemption, <br /> <br />are held by the Bond Registrar in such account in trust for the registered owners of Bonds or <br /> <br />portions thereof to be redeemed, interest on the Bonds or portions thereof called for redemption <br /> <br />shall cease to accrue, such Bonds or portions thereof shall cease to be entitled to any benefits or <br /> <br />security under this resolution or to be deemed outstanding, and the registered owners of such <br /> <br />Bonds or portions thereof shall have no rights in respect thereof except to receive payment of the <br /> <br />redemption price thereof, plus accrued interest to the date of redemption. <br /> <br />If a portion of a Bond shall be selected for redemption, the registered owner thereof or his <br /> <br />attorney or legal representative shall present and surrender such Bond to the Bond Registrar for <br />19 <br /> <br />f-5 <br />
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