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AG 2004 03 15
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AG 2004 03 15
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Last modified
3/9/2006 9:19:10 PM
Creation date
11/27/2017 11:37:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/15/2004
Board
Board of Commissioners
Meeting Type
Regular
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for redemption, the particular Bonds or portions thereof to be redeemed shall be called in such <br /> maturities and amounts of those maturities as shall be determined by the Issuer. <br /> <br /> Not more than 60 days nor less than 30 days before the redemption date of any Bonds to <br />be redeemed, whether such redemption be in whole or in part, the Issuer shall cause a notice of <br />such redemption to be filed with the Bond Registrar and to be mailed, postage prepaid, to the <br />registered owner of each Bond to be redeemed in whole or in part at the address of said owner <br />appearing upon the registration books of the Issuer. Failure to mail such notice or any defect <br />therein as to any Bond or portion thereof shall not affect the validity of the redemption as to any <br />Bond or portion thereof for which such notice was given as required hereby. On the date fixed <br />for redemption, notice having been given as aforesaid, the Bonds or portions thereof so called for <br />redemption shall be due and payable at the redemption price provided therefor, plus accrued <br />interest to such date. If moneys for payment of such redemption price and the accrued interest <br />are held by the Bond Registrar as provided in the Resolution, interest on the Bonds or the <br />portions thereof called for redemption shall cease to accrue. If a portion of this Bond shall be <br />called for redemption, a new Bond or Bonds in principal amount equal to the unredeemed <br />portion hereof will be issued to the registered owner hereof or the legal representative of said <br />owner upon the surrender hereof.] <br /> <br /> [The following four paragraphs are to be included in the form of Bond <br /> <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 />distribution of Bond certificates to be made except as provided in the Resolution. Initially one <br />fully registered Bond certificate for each stated maturity of the Bonds, in the"a~gregate principal <br />amount of the Bonds of such stated maturity and registered in the name of the Securities <br />Depository Nominee (as defined in the Resolution), a nominee of the Securities Depository (as <br />defined in the Resolution), is being issued and required to be deposited with the Securities <br />Depository and immobilized in its custody. The book-entry system of the Securities Depository <br />will evidence positions held in the Bonds by the Securities Depository's participants, with <br />beneficial ownership of the Bonds in the principal amount of $5,000 or any whole multiple <br />thereof being evidenced in the records of such participants. Transfers of beneficial ownership <br /> <br /> <br />
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