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1986-036
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1986-036
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Last modified
5/18/2023 10:50:51 AM
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5/18/2023 10:49:46 AM
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Resolutions
Resolution Number
1986-036
Approved Date
06/18/1986
Subject
Authorizing issuance of not exceeding $9,200,000 W&S Revenue Bonds, Series 1986
Anticipation notes of IRC; providing for the payment thereof & security thereof
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• <br />CI <br />r. <br />Paying Agent, such Notes may be redeemed on the redemption <br />date without necessity of notice by mxailing; Provided <br />further, however, that failure to mail any notice of <br />redemption or any defect therein or in the mailing thereof <br />shall :urt affect the validity of any proceeding for <br />redemption of other Notes so called for redemption. <br />C. Pay4mnt of Redeemed Notes. Notice by mailirxi <br />having been given in the manner herein provided, or <br />irrevocable instructions having been given to the Paying <br />Agent to give such notice, accompanied by payment of funds <br />sufficient to pay all expenses of advertisement, or written <br />waivers of notice having been filed with the Paying Agent by <br />Holders or Registered Cmners of all Notes to be redeemed, <br />and the principal and accrued interest payable having been <br />deposited with the Paying Agent or having been set aside by <br />the Paying Agent in any Fund or Account described hereunder, <br />as appropriate, as provided herein, prior to the date fixed <br />for redemption, Notes or portions thereof so called for <br />redemption shall become payable on the date fixed for <br />redemption and interest on such Notes or portions thereof so <br />called for redemption shall cease from such redemption date, <br />whether such Notes shall be presented for redemption or riot. <br />The principal amount of all such Notes or portions thereof <br />so called for redemption shall be paid by the Paying Agent, <br />as provided hereunder, upon presentation and surrender <br />thereof in negotiable form. <br />-30•- <br />
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