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BIL 209 Draft 01 1996-1998
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BIL 209 Draft 01 1996-1998
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Last modified
1/6/2017 10:57:31 AM
Creation date
9/22/2015 1:30:43 PM
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Template:
Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
1996-1998
Bill/Resolution
209
Draft
01
Introducer
John Ray, Council Member
Referred To
COUNCIL
Action 1
Waived: FC - 3/6/98
Action 2
Council: Deferred Bill 209 - 04/01/98
Action 3
Council: Amends Bill 209 to Draft 2 - 11/06/98
Document Relationships
COM 0756.000 1996-1998
(Related To)
Path:
\Council Records\Communications\1996-1998
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rights may be exercised and the purchase may be made; and all other details of the Bonds of such <br />series. <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 <br />the smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such <br />manner as the Director of Finance shall determine. If any Bond shall have been duly called for <br />redemption and notice of such redemption duly given in the manner determined by the Director of <br />Finance, and if moneys for the payment of such Bond at the then applicable redemption price and the <br />interest accrued on the principal amount thereof to the date of redemption are made or duly provided <br />for by the County, interest on such Bond shall cease to accrue and become payable from and after the <br />date fixed for redemption. <br />SECTION 5. Payment 4f Bonds. The principal of and interest and premium, if any, <br />on the Bonds shall be payable in any coin or currency of the United States of America which at the <br />time of payment is legal tender for public and private debts. <br />SECTION 6. Execution and Fvffi of Eully Registered Bonds. The Bonds of a series <br />shall be lithographed or steel engraved, typewritten, printed or otherwise reproduced as the Director <br />of Finance shall determine. The Bonds of a series shall bear the lithographed or engraved facsimile <br />signatures of the Director of Finance and of the Mayor of the County and shall be sealed with the seal <br />or a lithographed or engraved facsimile seal of the County; provided, however, the Director of <br />Finance may, at his election, provide for printed or manual signatures and seal on the Bonds; and <br />provided further, however, that the Director of Finance may, at his election, effect a book -entry <br />system for the Bonds of a series. The Director of Finance may, at his election, prepare such number <br />4 <br />
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