Laserfiche WebLink
<br /> 'l?S <br /> Section 4.06. Effect of Redemption. - <br /> (a) Notice of redemption having been given as provided in Section 4,04 of this Ordinance, <br /> the Bonds or portions thereof called for redemption shall become due and payable on the date fixed <br /> for redemption and, unless the City defaults in the payment of the principal thereof, premium, if any, <br /> or accrued interest thereon, such Bonds or portions thereof shall cease to bear interest from and after <br /> the date fixed for redemption, whether or not such Bonds are presented and surrendered for payment <br /> on such date, , <br /> (b) If any Bond or portion thereof called for redemption is not so paid upon presentation <br /> and surrender of such Bond for redemption, such Bond or portion thereof shall continue to bear . <br /> interest at the rate stated on the Bond until paid or until due provision is made for the payment of <br /> same, <br /> . <br /> f <br /> I <br /> I <br /> - <br /> !L.~A>o"MAA\ wwss. '6".DOa\O llD"œ FS 15 <br />