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<br />":,' " I". <br /> <br />, <br /> <br />. <br /> <br />t <br /> <br />trust funds or setting apart in a reserve fund or special trust <br />account created pursuant to this Resolution or otherwise, or <br />through the irrevocable segregation for that purpose in some <br />sinking fund or other fund or trust account with a fiscal agent <br />or otherwise, moneys sufficient therefor, including, but not <br />limited to, interest earned or to be earned on Federal <br />Securities, then the lien of this Resolution, including, <br />without limitation, the pledge of the Tax Revenues, and all <br />other rights granted hereby, shall cease, terminate and become <br />void and be discharged and satisfied, and the principal of, <br />premium, if any, and interest on the Bonds shall no longer be <br />deemed to be outstanding and unpaid; provided, however, that <br />nothing in this Resolution shall require the deposit of more <br />than such Federal Securities as may be sufficient, taking into <br />account both the principal amount of such Federal Securities <br />and the interest to become due thereon, to implement any <br />refunding of the Bonds. <br /> <br />In the event of such a defeasance of the Bonds, the <br />Fiscal Agent shall cause an accounting for such period or <br />periods as shall be requested by the Agency to be prepared and <br />filed with the Agency, and the Fiscal Agent, upon the request <br />of the Agency, shall release the rights of the Bondholders <br />under this Resolution and execute and deliver to the Agency all <br />such instruments as may be desirable to evidence such release, <br />discharge and satisfaction, and the Fiscal Agent shall pay over <br />or deliver to the Agency all moneys or securities held by it <br />pursuant to this Resolution which are not required for the <br />payment or redemption of Bonds not theretofore surrendered for <br />such payment or redemption. <br /> <br />Provision shall be made by the Agency, satisfactory to <br />the Fiscal Agent, for the publication, at least twice, at an <br />interval of not less than seven (7) days between publications, <br />in a financial newspaper or journal, of a notice to the Holders <br />of such Bonds that such moneys are so avaiÀable for such <br />payment. ~~ <br />Së,,~n <br />Section 4. Description of Bonds~he Bonds shall be <br />in a principal amount not to exceed' II' Million Five <br />Hundred Thousand Dollars ($1'7500,000) and shall be designated <br />"CITY OF SANTA ANA REDEVELOPMENT AGENCY, CITY OF SANTA ANA <br />REDEVELOPMENT PROJECT AREA TAX ALLOCATION REFUNDING BONDS, <br />1983." The Bonds may be initially issued in the form of Bearer <br />Bonds in the denomination of $5,000 each, or in the form of <br />Fully Registered Bonds in denominations of $5,000 each or any <br />whole multiple thereof, The Bearer Bonds shall be dated as of <br />provided in a resolution of the Agency and shall be numbered <br />consecutively from 1 upwards in the order of their respective <br />maturities. The Bonds shall mature on the dates, in the years <br />and in the amounts as follows or such other amounts as provided <br />in a resolution of the Agency. <br /> <br />02-22-83 <br />4141P/2306/00 <br /> <br />SA <br /> <br />-6- <br /> <br />1f-;2..3 <br />