1981-040 CRA - Laserfiche WebLink

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. . . . . sufficient to redeem at the Redemption Price thereof, plus interest accrued to the Redemption Date, all of the Bonds which are to be redeemed. 405. Payment of Redeemed Bonds. Notice having been given by publication in the manner provided in Section 403, the Bonds or portions there.of called for redemption and specified in said notice shall become due and payable on the Redemption Date specified in said notice at the Redemption Prices thereof applicable on such date, .plus unpaid interest on said Bonds or portions thereof accrued to such date,. and, upon presentation and surrender thereof at the place or places. specified in said notice together with, in the case of Fully Registered Bonds, a written instrument of transfer duly executed by the registered owner thereof or by his attorney duly authorized in writing, and, in the case of Bearer Bonds, all appurtenant coupons maturing subsequent to such date, said Bonds or portions thereof shall be paid at the said Redemption Prices, plus unpaid interest on said Bonds or portions thereof accrued to such date not represented by coupons for matured interest installments. All interest represented by coup.ons which shall have matured at or prior to such Redemption Date shall continue to be p~able to the bearers of such coup.ons. If there shall be so called f.or redemption less than all of a Fully Registered Bond, the Agency shall execute and the Trustee shall authenticate and deliver, upon the surrender of such Bond to the Trustee, without charge to the owner thereof, for the unredeemed balance of the principal amount of the Fully Registered Bond so surrendered, at the option of the owner thereof, either Bearer Bonds or Fully Reg i stered Bonds of like series, designation, interest rate and maturity in any of the authorized denominat ions. If,.on such Redempt ion Date, moneys for the redempt i.on of all the Bonds or portions thereof .of any like series and maturity to be redeemed, together with interest thereon accrued and unpaid to such date, shall be held by or on behalf of the Trustee so as t.o be available theref.or on such date and if notice .of redemption there.of shall have been published as aforesaid, then from and after such Redemption Date, interest on the Bonds .or portions thereof of such maturity so called for redemption shall cease to accrue and become p~ab le, and the coupons for interest appertain ing thereto maturing subsequent to such Redemption Date shall be void and said Bonds and coupons shall no longer be cons idered as Outstand ing hereunder. A 11 moneys held by or .on behalf of the Trustee for the redemption of particular Bonds shall be held in trust for the account.of the Holders of the Bonds so to be redeemed. 28