BIL 180 Draft 01 1996-1998 - Laserfiche WebLink

Home

In the event this bond is redeemable, as aforesaid, and shall be called for redemption, notice of the redemption hereof stating the designation, date, number and maturity of this bond, the portion of the principal sum hereof to be redeemed, the date fixed for such redemption and the premium payable upon such redemption, shall be mailed, at least once not less than thirty (30) days prior to the date fixed for the redemption hereof, to the holder hereof in whose name this bond is registered upon the Bond Register as of the close of business on the forty-fifth (45th) day (whether or not a business day) next preceding the date fixed for the redemption hereof. The failure of the registered holder hereof to receive such notice by mail or any defect in such notice shall not affect the sufficiency of the proceedings for the redemption of this bond. The County may, at its sole election, in addition to the giving of notice of such redemption by mail, give such notice by publication not less than thirty (30) days prior to the date fixed for the redemption hereof of one such notice in The Bond Buyer, a financial paper published in the City of New York, New York or, in lieu of such publication in The Bond Buyer, by publication thereof in some other financial paper published in any of the cities of New York, New York, Chicago, Illinois, or San Francisco, California. If this bond be of a denomination in excess of $5,000 portions of the principal sum hereof in installments of $5,000 or any integral multiple thereof may be redeemed, and if less than all of the principal sum hereof is to be redeemed, in such case upon the surrender of this bond to the Registrar there shall be issued to the Registered Holder hereof, without charge therefor, for the then unredeemed balance of the principal sum hereof, bonds of like series, maturity and interest rate in any of the authorized denominations provided by the proceedings of the County authorizing the issuance of the series of bonds of which this bond is one. If this bond (or any portion of the principal sum hereof) be -8- 191518.1 0191]0 OR]