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1981-031
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1981-031
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Last modified
3/6/2023 10:23:49 AM
Creation date
3/6/2023 10:23:25 AM
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Resolutions
Resolution Number
1981-031
Approved Date
05/06/1981
Subject
RE: Junior Bonds for County Administrator Complex $725,000
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attached of like tenor as the Obligation and attached coupons, if <br />any, so mutilated, destroyed, stolen or lost, in exchange and <br />substitution for such mutilated Obligation, upon surrender and <br />cancellation of such mutilated Obligation and attached coupons, <br />if any, or in lieu of and substitution for the Obligation and <br />attached coupons, if any, destroyed, stolen or lost, and upon the <br />Holder furnishing the County proof of his ownership thereof and <br />satisfactory indemnity and complying with such other reasonable <br />regulations and conditions as the County may prescribe and paying <br />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- <br />ti,io 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 1U. 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 />
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