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1996-042
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1996-042
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Last modified
10/19/2015 3:53:36 PM
Creation date
10/15/2015 2:28:16 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
1996-042
Approved Date
03/19/1996
Resolution Type
Sale of water and sewer revenue bonds
Subject
Bonb Purchase Contract
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EXHIBIT C <br />REDEMPTION PROVISIONS <br />Optional Redemption. The 1996 Bonds maturing prior to September 1, _, shall not be <br />subject to redemption prior to their respective dates of maturity. The 1996 Bonds stated to mature on or <br />after September 1, _ are subject to redemption prior to their stated dates of maturity, at the option of the <br />County in whole or from time to time in part on September 1, , or on any date thereafter, at the <br />respective redemption price (expressed as a percentage of the principal amount thereof as set forth in the <br />table below) plus accrued interest to the redemption date. <br />Redemption Period <br />(Both Dates Inclusive) Redemption Price <br />September 1, through August 31, _ _% <br />September 1, through August 31, _ _% <br />September 1, _ and thereafter _% <br />If fewer than all of the Series 1996 Benda re Bonds are to be so redeemed, the County may select <br />the maturity or maturities to be redeemed. If fewer than all of the Series 1996 Bonds of any particular <br />maturity are to be redeemed, the Bond Registrar will select by lot the particular Series 1996 Bonds or <br />portions of Series 1996 Bonds of such maturity to be redeemed. The portion of any Series 1996 Bond of <br />a denomination of more than $5,000 to be redeemed will be in the principal amount of $5,000 or an <br />integral multiple of that sum. <br />Mandatory Redemption. The 1996 Bonds in pan maturing on September 1, _ are subject <br />to mandatory redemption prior to maturity in pan (including portions of Bonds), at a price equal to 100% <br />of the principal amount thereof, plus interest accrued thereon on September 1 in the years and amounts set <br />forth below: <br />Xyl: Principal Amount <br />The 1996 Bonds in part maturing on September 1, _ are subject to mandatory redemption prior <br />to maturity in part (including portions of Bonds), at a price equal to 100% of the principal amount thereof, <br />plus interest accrued thereon on September 1 in the years and amounts set forth below: <br />X= Principal Amount <br />The 1996 Bonds in part maturing on September 1, _ are subject to mandatory redemption prior <br />to maturity in part (including portions of Bonds), at a price equal to 100% of the principal amount thereof, <br />plus interest accrued thereon on September 1 in the years and amounts set forth below: <br />XCU Principal Amount <br />The County may apply moneys in the Bond Amortization Account to the purchase of Series 1996 <br />Bonds subject to mandatory redemption (the "Series 1996 Term Bonds") at prices not greater than par plus <br />accrued interest and apply the principal amount of any Series 1996 Term bond,; so purchased as a credit <br />
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