1. MIDA Bond-Bethany on 42nd
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1. MIDA Bond-Bethany on 42nd
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4/16/2008 10:43:45 AM
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<br />the Trustee, any Bonds transferred or exchanged for other Bonds or Bonds acquired for retirement <br />by purchase shall also be canceled. Ifthe Trustee for its own account or the Company shall acquire <br />any of the Bonds, such acquisition shall not operate as a redemption or satisfaction of the <br />indebtedness represented by such Bonds unless and until the same are delivered to the Trustee for <br />cancellation. <br /> <br />SECTION 2.7. MUTILATED. LOST. STOLEN OR DESTROYED BONDS. In the event any Bond <br />is mutilated, lost, stolen or destroyed, the Issuer hereby authorizes the execution and delivery of a <br />new Bond oflike series, date, number, maturity and denomination as that mutilated, lost, stolen or <br />destroyed, provided, however, that, in the case of any mutilated Bond, such mutilated Bond shall first <br />be surrendered to the Trustee, and in the case of any lost, stolen or destroyed Bond, there shall be <br />first furnished to the Trustee evidence of the ownership thereof and of such loss, theft or destruction <br />satisfactory to the Trustee, together with a bond of indemnity in favor of the Issuer and Trustee and <br />satisfactory to the Trustee. The Trustee may charge the owner of such Bond with its reasonable fees <br />and expenses in this connection. In case such mutilated, lost, stolen or destroyed Bond has become <br />or is about to become due and payable, the Trustee in its discretion may, instead of issuing a new <br />Bond, pay such Bond. <br /> <br />SECTION 2.8. OPTIONAL REDEMPTION. The Series 2008 Bonds maturing on or after <br />May 1,20_, shall each be subject to redemption and prepayment at the option ofthe Issuer, at the <br />request of the Company, in whole or in part on any Business Day on or after May 1, 20_, and if <br />in part from maturities selected by the Company and by random selection within a maturity, at the <br />redemption price equal to the principal amount thereof to be redeemed together with accrued interest <br />to the date fixed for redemption. If the Company has not provided adequate direction within forty- <br />five (45) days of the redemption date, Bonds shall be redeemed in inverse order of maturities and <br />by random selection within a maturity. <br /> <br />SECTION 2.9. MANDATORY REDEMPTION. The Series 2008 Bonds maturing on <br />1, 20_, are subject to mandatory redemption on the following respective dates and <br />in the following principal amounts at a redemption price equal to the principal amount ofthe Series <br />2008 Bonds to be so redeemed plus accrued interest as set forth below, subject to pro rata reduction <br />(as further described below) on each such date to the extent that such Series 2008 Bonds have been <br />redeemed other than pursuant to this Section 2.9: <br /> <br />Redemption Date <br />( 1) <br /> <br />Principal <br />Amount <br /> <br />Redemption Date <br />( 1) <br /> <br />Principal <br />Amount <br /> <br />*Final Maturity <br /> <br />The Series 2008 Bonds maturing on 1, 20_, are subject to mandatory <br />redemption on the following respective dates and in the following principal amounts at a redemption <br /> <br />2-4 <br />
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