1996-042 - Laserfiche WebLink

Home Browse Search

Notice of Redesapdon Nodi of the intention to redeem the Series 1996 Bonds in whole or in part will be mailed by the Paying Agent, by first elm mail, to the Registered Owners of the Series 1996 Bonds to be redeemed in whole or in part not more than 45 days and not less than 30 days prior to the date fixed for redemption, at their respective addresses as shown on the registration books, in accordance with the terms of the Master Bond Resolution. Such notice is to specify the series, maturities and numbers of Series 1996 Bonds to be redeemed (including the CUSIP number); the date fixed for redemption; the redemption price or prices applicable to the Series 1996 Bonds to be redeemed; and that on the date fixed for redemption such Series 1996 Bonds will be payable at the principal corporate trust office of the Paying Agent and that after such date interest shall cease to accrue on such Series 1996 Bonds. if Registered Owners of all such Series 1996 Bonds to be redeemed file written waivers of notice with the Paying Agent, such Series 1996 Bonds may be redeemed on the redemption date without neces- sity of notice by mailing. Failure to mail any notice of redemption or any defect therein or in the mailing thereof will not affect the validity of any proceeding for redemption of other Series 1996 Bonds called for redemption. Registration, Transfer, and Exchange All Series 1996 Bonds presented for transfer, exchange, redemption, or payment (if so required by the County or the Bond Registrar) shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in form and with guaranty of signature satisfactory to the County or the Bond Registrar, duly executed by the Registered Owner or by his duly authorized attorney. The County and the Bond Registrar may charge the Registered Owner a sum sufficient to reimburse them for any expenses incurred in making any exchange or transfer. The Bond Registrar or the County also may require payment from the Registered Owner or his transferee, as the case may be, of a sum sufficient to cover any tax, fee, or other governmental charge that may be imposed in relation thereto. Such charges and expenses shall be paid before any such new Series 1996 Bond shall be delivered. The County and the Bond Registrar may treat the Registered Owner of any Series 1996 Bond as the absolute owner thereof for all purposes, and shall not be bound by any notice to the contrary. SECURITY AND SOURCES OF PAYMENT Pledged Funds The Bonds are limited obligations of the County. The Bonds will be payable by the County solely from and secured by a Gen upon and pledge of the Pledged Funds, consisting of the Net Revenues of the System, amounts on deposit in the Sinking Fund, the Bond Amortization Account and the Reserve Account established under the Master Bond Resolution, together with any other receipts, revenues and funds pledged thereunder, on a parity with the Series 1993 Bonds. Neither the County, the State of Florida, nor any political subdivision thereof has pledged Its full faith or credit or taxing power to the payment of the Bonds. No holder of the Bonds shall ever have the right to compel the exercise of any ad valorem taxing power of the County or taxation In any form of any real property tbeteln to pay the Bonds or the Interest due thereon nor be entitled to payment of the Bonds from any funds of tk County acept as described herein.