1980-075 CRA - Laserfiche WebLink

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. . . . . . Such notice shall further state that on the,. Redemption Date there shall become due and payable upon each Bond to be redeemed the Redemption p'l'i ce thereof, or the Redemption Price of the specified portions of the principal thereof in the case of Fully Regis tered Bonds to be redeemed in part only, together wi th interest accrued to the Redemption Date, and that from and after such date interest thereon shall cease to accrue and be payable. Such notice shall be given (i) by publication at least once in an Authorized Newspaper, the first of such publications to be not more than sixty (60) days prior to the Redemption Date and the last of such publications to be not less than thirty (30) days prior to such date, (ii) by filing copies of such notice with any Paying Agents at the time of first publication, and (iii) by mailing, postage prepaid, not more than sixty (60) days nor less than thirty (30) days prior to the Redemption Date, copies thereof to the owners of any Registered Bonds whose Bonds, or portions thereof are to be redeemed, to the Holders of any coupon Bonds to be redeemed who have filed their names and addresses arid numbers of Bonds with the Trustee for such purpose and to the initial purchasers of the Bonds. Such mailings shall not be a condition precedent to such redemption and failure so to mail any such notice shall not affect the val idity of the proceedings for the redemption of the Bonds. If Fully Registered Bonds constitute all of the Bonds then to be redeemed, it shall be sufficient notice of any redemption of such Bonds in whole or in part that notice thereof stating the Redemption Date and the Redemption Price be mailed, postage prepaid, not more than sixty (60) days nor less than thirty (30) days prior to such Redemption Date to the registered owners of such Bonds. 406. Redemption Fund. Prior to the publication as above required, there shall be available for credit to the Redemption Fund moneys for the purpose and sufficient to redeem, on the Redemption Date, the Bonds designated in such notice of redemption. Said moneys must be set aside in the Redemption Fund solely for that purpose and shall be applied on or after the Redemption Date to the payment of the Bonds to be redeemed upon presentation and surrender of such Bonds together with (except as to Fully Registered Bonds) all interest coupons appertaining thereto maturing after the Redemption Date. 407. Partial Redemption of Fully Registered Bonds. Upon surrender of any Fully Registered Bond redeemed in part only, the Trustee shall execute and authenticate and del iver to the registered owner thereof, at the expense of the Agency, a new Bond or 80nds of authorized denomination equal in aggregate principal amount to the unredeemed portion of the Fully, Registered Bond surrendered and of the same interest 'rate or rates and same maturity or maturities, which new Bond or Bonds may be, at the option of the registered owner, either coupon 80nds with all unmatured coupons appertaining thereto or Fully Registered Bonds, or in part coupon Bonds and the balance in Fully Registered Bonds. The registered owner of any Fully Registered Bond may, in 1 ieu of surrendering such Bond for a new Bond, endorse on the reverse of such Fully Registered Bond a notation of such partial redemption, in such form as may be satisfactory to the Agency and the Trustee and under such conditions as the Trustee may approve. 26