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1979-116
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1979-116
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2/20/2023 2:21:44 PM
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Resolutions
Resolution Number
1979-116
Approved Date
11/21/1979
Subject
$4,350,000 Bond Issue for Renovation fo County Administration Complex
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such expenses as the County may incur. All Obligations and <br />coupons so surrendered shall be cancelled by the Clerk of the <br />Board. If any such Obligations or coupons shall have matured or <br />be about to mature, instead of issuing a substitute Obligation or <br />coupon, the County may pay the same, upon being indemnified as <br />aforesaid and if such Obligation or coupon be lost, :stolen or <br />destroyed, without surrender thereof. <br />Any such duplicate Obligations and coupons issued pur- <br />suant to this section shall. constitute original, additional., <br />contractual obligations on the part of the County whether or not <br />the lost, stolen or destroyed Obligations or coupons be at any <br />time found by anyone, and such duplicate Obligations and coupons <br />shall be entitled to equal and proportionate benefits and rights <br />as to lien on and source and security for payment from the funds, <br />as hereinafter pledged, to the same extent as all other <br />Obligations and coupons issued hereunder. <br />SECTION 10. PROVISION FOR REDEMPTION. The Obligations <br />of any maturity may be made subject to redemption prior to their <br />specified date of maturity, at the option of the County, at such <br />prices and under such terms and conditions as shall be fixed by <br />resolution or resolutions of the County adopted at or prior to <br />the sale thereof. <br />Notice of such redemption (i) shall be published at <br />least thirty (30) days prior to the redemption date in a finan- <br />cial journal published in the Borough of Manhattan, City and <br />State of New York, (ii) shall be filed with the paying agents for <br />said Obligations, and (iii) shall be mailed, postage prepaid, to <br />all registered owners of Obligations to be redeemed at their <br />addresses as they appear on the registration books hereinabove <br />provided for.. Interest shall cease to accrue on any Obligations <br />duly called for prior redemption on the redemption date, if <br />payment thereof has been duly provided for. <br />SECTION 11. FORM OF OBLIGATIONS AND COUPONS. The text <br />of the Obligations, the interest coupons and the certificate of <br />Z:10 <br />
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