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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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Bonds to be redeemed, together with interest accrued thereon to the date fixed for redemption, <br />plus a redemption premium of 1/2 of 1% of the principal amount of each Bond to be redeemed <br />for each period of 12 months or part thereof between the redemption date and the maturity date <br />of such Bond, such premium not to exceed 2% of such principal amount. <br /> <br /> If less than all of the Bonds of any one maturity shall be called for redemption then <br />subject to the sentence immediately following, the particular Bonds or portions of Bonds of such <br />maturity to be redeemed shall be selected by lot in such manner as the Issuer in its discretion <br />may determine; provided, however, that the portion of any Bond to be redeemed shall be in the <br />principal amount of $5,000 or some whole multiple thereof and that, in selecting Bonds for <br />redemption, each Bond shall be considered as representing that number of Bonds which is <br />obtained by dividing the principal amount of such Bond by $5,000. So long as a book-entry <br />system is used for determining beneficial ownership of Bonds, if less thari all of the Bonds of any <br />one maturity shall be called for redemption, the Securities Depository shall determine by lot the <br />amount of interest of each direct participant of the Securities Depository in the Bonds within <br />such maturity to be redeemed. If less than all of the Bonds stated to mature on different dates <br />shall be called for redemption, the particular Bonds or portions thereof to be redeemed shall be <br />called in such 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; provided, however, so 19.ng as a book-entry <br />system is used for determining beneficial ownership of Bonds, such notice shall be given to the <br />Securities Depository Nominee by certified or registered mail or by such other method as the <br />Issuer may determine to be necessary or advisable with the concurrence of the Securities <br />Depository. Failure to mail such notice or any defect therein as to any Bond or portion thereof <br />shall not affect the validity of the redemption as to any Bond or portion thereof for which such <br />notice was given as required hereby. Each such notice shall set forth the date designated for <br />redemption, the redemption price to be paid and the maturities of the Bonds to be redeemed. In <br />the event that Certificated Bonds are outstanding, each such notice to the registered owners <br /> <br /> <br />
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