1980-076 CRA - Laserfiche WebLink

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. ~ . . . . . . 8 In the event of the redemption of any or all of the Bonds, notice of such redemption (i) shall be given by publication at least once in a newspaper of general circulation or financial paper in the City of Los Angeles, California, and in the Daily Bond Buyer or other financial paper or newspaper circulated in the City and State of New York, each of which is published at least once a day for at least five (5) days (other than legal holidays) in each calendar week, and is printed in the Engl ish language, the first such publication to be not less than thirty (30) days nor more than sixty (60) days prior to the redemption date, and (ii) shall be mailed postage prepaid, not less than thirty (30) 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 for such purpose; provided, however, 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 redemption having been given, as aforesaid, Bonds or portions thereof so called for redemption shall become due and payable at the applicable redemption 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 become payable and the coupons for interest appertaining to coupon Bonds maturing subsequent to 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 political subdivision of the State nor a pledge of the faith and credit of the Agency or the City of Santa Ana. This Bond is a special obligation of the Agency, payable solely from payments made on mortgage loans purchased with the proceeds of Bonds and other moneys depos ited in the revenue fund and the other funds and accounts pledged therefor in the Resolution. 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 Resolution to exist, to have happened and to have been performed precedent to and in the issuance of th is Bond, exist, have happened and have been performed in due time, form and manner as required by 1 aw and that the issuance of the Bonds, together with all other indebtedness of the Agency, is within every debt and other limit prescribed by law. This 80nd shall not be entitled to any benefit under the Resolution or become val i d or obligatory for any purpose until it shall have been authenticated by the certificate of the Trustee endorsed hereon. I N WITNESS WHEREOF, the Commun ity Redevelopment Agency of the City of Santa Ana has caused th is 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 v.