1981-040 CRA - Laserfiche WebLink

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I . . . . printed in the English language, the first such publication. to be not less than twenty-five (25) days nor more. than sixty (60) days prior to the redeJD;!tion date, and (ii) shall be mailed postage prepaid, not less than twenty (20) days nor more than sixty (60) days prior to the redemption date to the registered owners .of any Bonds or portions of Bonds to be redeemed and to owners of any bearer Bond to be redeemed who have filed their names and addresses and numbers of Bonds with the Trustee; provided, h.owever, that such mailing shall not be a condition precedent to such redemption and failure so to mail any such notice shall not affect the validity of the proceedings for the redemption of Bonds. Notice of redempti.on having been given, as aforesaid, Bonds or portions there.of so called for redempti.on shall become due and payable at the applicable redempti.on price herein provided, and from and after the date so fixed for redemption, interest on the Bonds or portions thereof so called for redemption shall cease to accrue and b~come payable and the coupons f.or i,nterest appertaining to bearer Bonds maturing subsequent t.o the redemption date shall be void. This Bond shall not be deemed to constitute a debt of the Agency, the City of Santa Ana, the State of California or any other p.olitical subdivision of the State nor a pledge of the faith and credit of the Agency or the City of Santa Ana. This Bónd is a special obligation of the Agency, payable solely from payments made on the roortgage loan participation purchased with proceeds of the Bonds and payments made on the loan to lender made with the pr.oceeds of Bonds and other rooneys deposited in the revenue fund and the other funds and accounts pledged theref.or in the Resoluti.on. IT IS 'HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required by the Constitution and statutes of the State of California and the Resoluti.on to exist, to have happened and to have been performed precedent to and in the issuance of this Bond, exist, have happened and have been performed in due time, form and manner as required by law and that the issuance of the Bonds, t.ogether with all other indebtedness of the Agency, is within every debt and other limit prescribed by law. This Bond shall not be entitled t.o any benefit under the Resolution or become valid or obligatory for any purpose until it shall have been authenticated by the certificate of the Trustee endorsed hereon. IN WITNESS WHEREOF, the Conmunity Redevelopment Agency of the City of Santa Ana caused this Bond to be executed in its name by the manual or facsimile signature of its Chairman or Vice Chairman and its corporate seal (or a facsimile thereof) to be affixed, imprinted, engraved or otherwise reproduced hereon, and attested by the manual or facsimile signature of its Executive Director or Assistant Executive Director and the interest coupons 68