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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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ARTICLE: VII I <br />REDE~1PTION OF BONDS <br />Section 8.1 Exclusive Procedure. Any redemption of <br />Bonds which are subject to redemption , including any reuemption <br />through the operation of any fund hereunder, s hall be made in the <br />nianner provided in this Article VIII. <br />Section 8.2 Limitations, A redemption of Bonds issued <br />unuer the provisions of this Indenture and then Outstanding shall <br />be either (1) a redemption of the whole or any part of one or <br />more series from the proc eeds of ~dditional Bonds issued under <br />the provisions of Section 3.4 of this Ind enturei (2) a redemption <br />pursuant to the provisions of Sections 2,3, 4.5, or S.1 o f this <br />Indenture; or (3) a redemption pursuant to the provisions of a <br />Su ppl emental Indenture. <br />Unless otherwise provided in respect of a particular <br />series of Bonds, if less than all of the Bo n ds of a series of any <br />one m3turity shall be called for redemption, the particular Bonds <br />or portions of Bonds of such maturity to be retleemeJ shall be se- <br />lected by lot by the Trustee, or in such other manner as the <br />Trustee in its discretion may deem proper in order to assure to <br />e ach holder of Bonds a fair opportunity to have his Bond or Bonds <br />or portions thereof drawn: provided, however, the Trustee shall <br />treat each such Bond of a denomination of more than $1,000 as <br />representing tha t number of Bonds of $1,000 denomination obtained <br />by dividing the principal amount of such Oond b y $1,000. <br />Section 0,3 Notice. In the c ase of any redemption, <br />the Trustee shall give in its own name or in the name of the <br />Issuer not ice by mail, as hereinafter in this Section 0.3 pro- <br />vided, that Bonds of a particular series a nd maturity date ide n- <br />t ified by se rial numbers have been called for redemption and, in <br />the cas e of Bonds to be redeemed in part only, the portion of the <br />principal a mount thereof that has been called for. redemption (or <br />if all the Outstanding Bonds are to be redeemed , so stating, in <br />which event such serial numbers may be omitted ), that they will <br />be due and payable on the Redemption Date (specifying such Jate) <br />upon su rrender thereof at the Co r~o rate Trust Of fice , at the <br />applicable Redemption Price (specifying such price), and that ~11 <br />interest on the Donds, or portions the reof , so to be rede emed <br />will cease to accrue on and after such date. <br />Notice shall be mailed lly first class mail, in -t sealed <br />e nvelope, postage prepa iJ, a t least 30 days but not more than 60 <br />days ( except with r espect to r e ucmpt.ion ut the option of the <br />Bo ndholders) before the Reuernption Da te, to the registeretl owners <br />-48-
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