Ord 2012-014 - Laserfiche WebLink

Home Browse Search

* _________, the Bonds maturing on and after ON OR ON ANY DATE THEREAFTER * _________ may be redeemed prior to their scheduled maturities, a of the City, with funds derived from any available and lawful source, at a redemption price equal to the principal amount to be redeemed plus accrued interest to the date fixed for redemption as a whole, or from time to time in part, and, if in part, the particular Bonds, or portions therof, to be redeemed shall be selected and designated by the City, and if less than all of a maturity is todeemed the Paying Agent/Registrar shall determine by lot the Bonds, or portions thereof within sucty to be redeemed (provided that a portion of a Bond may be redeemed only in integral multiples of $5,000 of principal amount). * [_________are subject to mandatory sinking fund THE BONDS MATURING ON redemption by lot prior to maturity in the following amounts on lowing dates and at a price of par plus accrued interest to the redemption date ("Term Bonds"). * Term Bonds Maturing on __________, 20___ ** Redemption Date Principal Amount __________, 20___ $ __________, 20___ $ _______________ Final Maturity of the Term Bonds required to be redeemed pursuant to the THE PRINCIPAL AMOUNT operation of the mandatory sinking fund redemption provisions shall be reduced, at the option of the City by the principal amount of any Term Bonds of the stated matity which, at least 50 days prior to a mandatory redemption date, (1) shall have been acquired by at a price not exceeding the principal amount of such Term Bonds plus accrued interest to thee of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) sh have been purchased and canceled by the Paying Agent/Registrar at the request of the City with mos in the Interest and Sinking Fund at a price not exceeding the principal amount of the Term Bonds plus accrued interest to the date of purchase thereof, or (3) shall have been redeemed pursuant to th optional redemption provisions and ** not theretofore credited against a mandatory sinking fund redemption requirement.] days prior to the date fixed for any redemption of Bonds or portions thereof AT LEAST 30 prior to maturity, a written notice of such redemption shall be sent by the Paying Agent/Registrar by United States mail, first-class postage prepaid, to the Registerner of each Bond to be redeemed at its address as it appeared on the Registration Books maintained by the Paying Agent/Registrar on the day such notice of redemption is mailed. By the date fixed demption, due provision shall be made with the Paying Agent/Registrar for the payment of the required redemption price for the Bonds or portions thereof which are to be so redee such written notice of redemption is mailed and if due provision for such payment is maall as provided above, the Bonds or portions thereof which are to be so redeemed thereby automatiall be treated as redeemed * To be completed as determined in the Pricing Certificate. ** Use of Term Bonds, if any, to be determined by the Pricing Offic 13 San Marcos GORB 2012 - Delegated: Ordinance