BIL 142 Draft 01 1996-1998 - Laserfiche WebLink

Home

-4 - stated maturities and, if subject to such prior redemption, the times, prices, methods and other provisions for such prior redemption; and all other details of the Bonds of such series. SECTION 4. Redemption of Bonds. In the event any of the Bonds shall be subject to prior redemption and if any Bond (or portion thereof in installments which are integral multiples of the smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner as the Director of Finance shall determine. If any Bond shall have been duly called for redemption and notice of such redemption duly given in the manner determined by the Director of Finance, and if moneys for the payment of such Bond at the then applicable redemption price and the interest accrued on the principal amount thereof to the date of redemption are made or duly provided for by the County, interest on such Bond shall cease to accrue and become payable from and after the date fixed for redemption. SECTION 5. Payment of Bonds. The principal of and interest and premium, if any, on the Bonds shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts. SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds shall be lithographed or steel engraved, typewritten, printed or otherwise reproduced as the Director of Finance of the County shall determine. The Bonds shall bear the facsimile signatures of the Director of Finance and of the Mayor of the County and shall be sealed with the seal or a lithographed, engraved or other facsimile seal of the County; provided, however, the Director 180533.1 018896 ORD