Laserfiche WebLink
<br />.' <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />" <br /> <br />unredeemed portion of the Fully Registered Bond surrendered and <br />of the same interest rate and same maturity. The new Bond or <br />Bonds may be, at the option of the registered owner, either a <br />Bearer Bond or Bearer Bonds with all unmatured coupons <br />appertaining thereto, or a Fully Registered Bond or Fully <br />Registered Bonds, or in part a Bearer Bond or Bearer Bonds and <br />the balance a Fully Registered Bond or Fully Registered Bonds. <br />The registered owner of any Fully Registered Bond may, in lieu <br />of surrendering the Bond for a new Bond, endorse on the reverse <br />of the Fully Registered Bond a notation of such partial <br />redemption, The endorsement shall be in a form satisfactory to <br />the Agency and the Fiscal Agent and under such conditions as <br />required by the Fiscal Agent. A partial redemption shall be <br />valid upon payment of the amount required to be paid to the <br />registered owner, and the Agency and the Fiscal Agent shall be <br />released and discharged from all liability to the extent of <br />such payment irrespective of whether the endorsement of partial <br />redemption shall or shall not have been made upon the reverse <br />of the Fully Registered Bond by the registered owner and <br />irrespective of any error or omission in the endorsement. <br /> <br />F. Effect of Redemption. Notice of redemption <br />having been duly given as provided above, and moneys for <br />payment of the principal of, premium, if any, and interest <br />payable upon redemption of the Bonds being set aside as <br />provided above, the Bonds, or parts thereof, called for <br />redemption shall, on the redemption date, become due and <br />payable at the redemption price specified in the notice and <br />interest on the Bonds, or parts thereof, as the case may be, <br />called for redemption shall cease to accrue and the coupons for <br />interest maturing subsequent to the redemption date shall be <br />void. The Bonds, or parts thereof redeemed, shall cease to be <br />entitled to any lien, benefit or security under this <br />Resolution, and the Owners of the Bonds shall have no rights <br />except to receive payment of the redemption price, and, in the <br />case of partial redemption of Fully Registered Bonds, also to <br />receive a new Bond or Bonds for the unredeemed balance as <br />provided above. <br /> <br />All unpaid interest installments represented by <br />coupons which shall have matured on or prior to the redemption <br />date designated in the notice shall continue to be payable to <br />the respective Holders of the coupons but without interest <br />thereon. <br /> <br />G. Purchase of Bonds. The Fiscal Agent, on behalf <br />of the Agency, is hereby authorized to purchase Bonds on the <br />open market at any time at a price not to exceed the principal <br />amount of the Bonds plus the applicable premium and accrued <br />interest, if any, to the date of purchase plus brokerage fees, <br />if any. <br /> <br />03-30-83 <br />4439P/2306/00 <br /> <br />-13- <br /> <br />3A <br />