1992-216 - Laserfiche WebLink

Home Browse Search

DESCRIPTION OF THE SERIES 1992 BONDS The Series 1992 Bonds will be dated October 1, 1992, and will bear interest from such date at the rates per annum as set forth on the cover page hereof, payable on March 1, 1993, and semiannually thereafter on each March 1 and September 1 and will mature on September 1 on the years and principal amounts as set forth on the cover page hereof. The Series 1992 Bonds will be issued in fully registered form in the denominations of $5,000 or any integral multiple thereof. Principal and any redemption premium is payable upon surrender of the Series 1992 Bonds at the principal corporate trust office of NationsBank Trust, the Paying Agent and Bond Registrar. Interest will be payable by check or draft mailed to each registered owner at his address as it appears on the registration books kept by the Bond Registrar on the fifteenth day of the month preceding the applicable interest payment date. At the option of any Registered Owner of $1,000,000 or more in principal amount of the Series 1992 Bonds, interest shall be payable by wire transfer pursuant to written instructions from such Registered Owner. Optional Redemption The Series 1992 Bonds maturing on or before will not be subject to optional redemption by the County. Series 1992 Bonds maturing on or after are subject to redemption prior to maturity at the option of the County, in whole or in part on any date, on or after . The County may select the maturities of the Series 1992 Bonds to be redeemed and if less than all bonds of a maturity are to be called for redemption, the selection of the particular Series 1992 Bonds to be called for redemption shall be by lot in any customary manner of selection as designated by the County, and any such redemption, either in whole or in part, shall be made at the following prices (expressed below as a percentage of the principal amount being redeemed), plus accrued interest to the redemption date: Redemption Period (Both dates inclusive) Redemption Price Mandatory Redemption The Series 1992 Term Bonds maturing on mandatory redemption and shall be callable by lot at par plus accrued interest on _, in the following years: September 1 of Year Principal Amount Notice of Redemption shall be subject to Notice of such redemption of the Series 1992 Bonds shall, at least thirty (30) days prior to the redemption date: (i) be filed with the Bond Registrar and Paying Agent; and (ii) be mailed, postage prepaid, to all Registered Owners of Bonds to be redeemed at their addresses as they appear of record on the books of the Bond Registrar as of forty five (45) days prior to the date fixed for redemption. Interest shall cease