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55B - RESO - WARNER ASSESSMENT DISTRICT
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06/21/2016
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55B - RESO - WARNER ASSESSMENT DISTRICT
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6/20/2016 10:23:06 AM
Creation date
6/16/2016 5:22:44 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
55B
Date
6/21/2016
Destruction Year
2021
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Information Services, at least 30 but not more than 60 days prior to the date fixed for redemption. Such mailing <br />shall not be a condition precedent to such redemption and failure to mail or to receive any such notice, or any <br />defect therein, shall not affect the validity of the proceedings for the redemption of such Bonds. Redemption <br />notices may be conditional. <br />From and after the date fixed for redemption, if funds available for the payment of the redemption prices <br />of the Bonds called for redemption, together with accrued interest to the date of redemption, shall have been <br />deposited in the Redemption Fund, such Bonds shall cease to be entitled to any benefit under the Fiscal Agent <br />Agreement other than the right to receive payment of the redemption price, and interest shall cease to accrue on <br />the Bonds to be redeemed on the redemption date specified in the notice of redemption. <br />Transfer and Exchange of Bonds <br />So long as the Bonds remain in book -entry form, transfer and exchange of any of the Bonds shall be <br />accomplished in accordance with the provisions of such book -entry system. In the event of the termination of <br />such book -entry system with respect to the Bonds, then any Bond may be transferred upon the registration books <br />by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender of <br />such Bond for cancellation, accompanied by delivery of a duly executed written instrument of transfer in a form <br />approved by the Fiscal Agent. Whenever any Bond or Bonds are surrendered for transfer, the City will execute <br />and the Fiscal Agent will authenticate and deliver a new Bond or Bonds of a like aggregate principal amount. <br />The Fiscal Agent will collect from the Bondowner requesting such transfer any tax or other governmental <br />charge required to be paid with respect to such transfer. <br />The Bonds may be exchanged at the Principal Office of the Fiscal Agent for a like aggregate principal <br />amount of Bonds of authorized denominations and of the same maturity. The Fiscal Agent will collect from the <br />Bondowner requesting such exchange any tax or other governmental charge required to be paid with respect to <br />such exchange. <br />The Fiscal Agent will not be obligated to make any transfer or exchange of Bonds during the 15 day <br />period preceding the selection of Bonds for redemption, or with respect to any Bonds selected for redemption. <br />Book -Entry System <br />The Depository Trust Company ( "DTC "), New York, New York, will act as securities depository for the <br />Bonds. The Bonds will be issued as fully registered securities registered in the name of Cede & Co. (DTC's <br />partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully <br />registered Bond certificate will be issued for each maturity of the Bonds, in the aggregate principal amount of <br />such maturity, and will be deposited with DTC. See APPENDIX F — "BOOK -ENTRY SYSTEM." <br />55B -78 <br />
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