1978-10 CRA - Laserfiche WebLink

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'\ 2/28/78 any interest payment date thereafter, as a whole, or in part in invene order of maturity and by lot within a maturity, at a redemption price for each redeemed bond equal to the principal àmount thereof and accrued interest to the date of redemption, plus a premium (percentage of par value) equal to one-quarter of one percent (\4 %) for each year or fraction of a year from the redemption date to the maturity date of the Bonds, but in no event shall the premium exceed three percent. . Section 11. Notice of Redemption. Notice of call and redemption prior to maturity (except as provided below) shall be given by publication at least once prior to the redemption date in a financial newspaper or journal, printed in the English language and customarily publisbed on each business day, of general circulation in The City of New York, New York, such publication to be not less than 30 nor more than 60 days before such redemption date. If any Bond called for redemption is fully registered, notice of redemption thereof shall also be mailed, not less than 30 nor more than 60 days prior to the redemption date, to each registered owner of such Bond, but neither failure to mail such notice nor any defect in any notice so mailed shall affect the sufficiency of the proceedin~ for the redemption of any of the Bonds. The notice of redemption shall (a) state the redemption date; (b) state the redemption price; (c) state the numben and date of maturity of the Bonds to be redeemed; provided, however, that whenever any call includes all of the outstanding Bonds of any maturity. the numben of the Bonds need not be stated; (d) require that such Bonds be surrendered with all interest coupons maturing subsequent to the redemption date (except that no coupons need be surrendered on fully registered Bonds) at the place or places of redemption; (e) state, as to any fully registered Bonds redeemed in part only, the registered bond numben and the principal portion thereof to be redeemed; and (f) state that interest on the Bonds on the principal portion thereof in such notice designated for redemption shall cease to accrue from and after such redemption date and that on said date there will become due and payable on each of said Bonds the principal amount thereof to be redeemed, interest accrued thereon to the redemption date and the premium thereon (such premium tó be specified). If at the time of giving notice of redemption no Bonds are outstanding except fully registered Bonds, publication of such notice shall be deemed to have been waived if such notice shall have been mailed by registered or certified mail to each registered owner of such Bonds at his address as it appean on the registration books or at such address as he may have filed with the Fiscal Agent for that purpose. The actual receipt by the holder of any Bond (hereinafter referred to as "bondholder") of notice of such redemption shall not be a condition precedent to redemption, and failure to receive such notice shall not affect the validity of the proceedings for the redemption of such Bonds or the cessation of interest on the date fixed for redemption. The notice or notices required by this section shall be given by the Fiscal Agent at the Agency's expense. A certificate by the Fiscal Agent that notice of call and redemption has been given to holders of fully registered Bonds as herein provided sball be conclusive as against all parties, and no bondholder whose fully r~gistered Bond is called for redemption may object thereto or object to the cessation of interest on ,the redemption date fixed by any claim or showing that he failed to receive actualllOtice of call and redemption. ~ Section 12. PartIal Red_ption of Fully Registered Bond. Upon surrender of any fully registered Bond redeemed in part only, the Agency shall execute and the Fiscal Agent shall authenticate and deliver to the registered owner thereof, at the expense of the Agency, a new Bond or Bonds of author- ized denominations equal in aggregate principal amount to the unredeemed portion of the Bond surrendered and of the same interest rate and maturity, which new Bond or Bonds may be, at the option of the registered owner, either a bearer Bond or Bonds or a fully registered Bond or Bonds. The registered owner of any fully registered Bond may, in lieu of surrendering such Bond for a new Bond, endone on the revene of such Bond a notation of such partial redemption, in such form as may be satisfactory to the Agency and the Fiscal Agent and under such conditions as the Fiscal Agent may approve. Such partial redemption shall be valid upon payment of the amount thereby required 5 .