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ORD 2020-068 2018-2020
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ORD 2020-068 2018-2020
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Last modified
9/21/2020 12:43:22 PM
Creation date
9/21/2020 12:42:12 PM
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Ordinances
Ordinances - Type
ORD
Ordinances - Council Term
2018-2020
Year
2020
Ordinance
068
Effective Date
9/21/2020
Document Relationships
BIL 191 Draft 01 2018-2020
(Related)
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\Council Records\Bills\2018-2020
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a series, the aggregate principal amount of such series of Bonds; the series designation of such series of <br /> Bonds; the date of such series of Bonds; the interest payment dates and maturity dates of such series of <br /> Bonds; the amount of principal of such series of Bonds maturing on each maturity date; the registration <br /> privileges and place or places at which such series of Bonds may be paid or registered which may <br /> include the office of the Director of Finance; whether or not such series of Bonds shall be subject to <br /> redemption prior to the stated maturity thereof and, if subject to such prior redemption, the times, prices, <br /> methods and other provisions for such prior redemption; whether such series of Bonds shall bear interest <br /> at fixed rates or at a rate or rates which vary from time to time and the methodology for determining <br /> such variable rate or rates; the rights, if any, of the holders of such Bonds of a series to tender for <br /> purchase and the price or prices and time or times and terms and conditions upon which those rights may <br /> be exercised; the rights of the County to purchase the Bonds of a series and price or prices and the time <br /> or times and terms and conditions upon which those rights may be exercised and the purchase may be <br /> made; and all other details of such series of Bonds. <br /> SECTION 4. Redemption of Bonds. In the event any of the Bonds shall be subject to <br /> prior redemption and if any Bond (or portion thereof in installments which are integral multiples of the <br /> smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner as <br /> the Director of Finance shall determine. If any Bond shall have been duly called for redemption and <br /> notice of such redemption duly given in the manner determined by the Director of Finance, and if <br /> moneys for the payment of such Bond at the then applicable redemption price and the interest accrued <br /> on the principal amount thereof to the date of redemption are made or duly provided for by the County, <br /> interest on such Bond shall cease to accrue and become payable from and after the date fixed for <br /> redemption. <br /> SECTION 5. Payment of Bonds. The principal of and interest and premium, if any, on <br /> the Bonds shall be payable in any coin or currency of the United States of America which at the time of <br /> payment is legal tender for public and private debts. <br /> SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds of a series <br /> shall be lithographed, steel engraved, typewritten, printed or in other reproduced form as the Director of <br /> Finance may determine. The Bonds of a series shall bear the manual or facsimile signatures of the <br /> Director of Finance and of the Mayor of the County and shall also bear the seal of the County or a <br /> facsimile of such seal. The Director of Finance may provide for the Bonds of a series to be issued in and <br /> effect a book-entry system for such Bonds. The Director of Finance may prepare such number of blank <br /> 3 <br />
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