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08-83 Hospital Improvement revenue bonds
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08-83 Hospital Improvement revenue bonds
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Last modified
5/14/2013 3:05:55 PM
Creation date
8/22/2003 4:52:45 AM
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Office Of Council
Document Type
Ordinances
Date
8/22/2003
Date Adopted
2/26/1983
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and otherwise shall be dated as of the Interest Payment Date next pre- <br />ceding the date of their authentication, except that if authenticated on <br />an Interest Payment Date they shall be dated as of the date of such <br />authentication; provided, however, that if at the time of authentication <br />of any such Series 1983-A Bonds, interest thereon is in default, it <br />shall be dated as of the date to which interest has been paid. Each <br />Series 1983-A Bond shall have only one principal maturity date, except <br />for interim certificates or receipts issued pending preparation of <br />definitive Series 1983-A Bonds. <br /> <br /> (c) Interest and Place of Paymen:. The Series 1983-A Bonds <br />shall bear interes: from their respective dates payable semi-annually on <br />the Interest Payment Dates at their respective Specified Interest Rates <br />per annum. The Interest Payment Dates for the Series 1983-A Bonds shall <br />be the first day of each February and August, commencing on the first <br />Interest Payment Date as specified in the Certificate of Award. <br /> <br /> Bond Service Charges on Series 1983-A Bonds in coupon form, <br />other than principal of or any redemption premium on such Bonds regis- <br />tered as to principal (except to bearer), shall be payable, without <br />deduction for fees or charges for services of the Paying Agent as such, <br />at the principal corporate trust office of any Paying Agent. The prin- <br />cipal of and any redemption premium on registered Series 1983-A Bonds <br />shall be payable at the principal corporate trust office of the Trustee, <br />and interest on fully registered Series 1983-A Bonds shall be payable by <br />check or draft as provided in the Indenture. <br /> <br /> (d) Maturities. The Series 1983-A Bonds shall mature on the <br />Principal Retirement Dates and in accordance with the Principal Retire- <br />ment Schedule. <br /> <br /> (e) Redemption (Mandatory and Optional) Terms and Prices. <br />The Series 1983-A Bonds are non-callable for redemption prior ro the <br />Optional Earliest Redemption Date except as hereinafter provided with <br />respect to mandatory redemption of Term Bonds or in Subsection (g) of <br />this Section 7. <br /> <br /> Series 1983-A Bonds which are Term Bonds are subject to manda- <br />tory redemption, through the application of Mandatory Sinking Fund <br />Installments, as set forth in Subsection (f) of this Section, on each <br />Mandatory Redemption Date at 100 percent of the principal amoun~ thereof <br />plus accrued in~eres~ to such date, in the years and in the principal <br />amounts se~ forth in the Principal Retirement Schedule. <br /> <br /> Unless previously redeemed pursuant to this-Subsection (e) or <br />Subsections (f) or (g) of this Section 7, Series 1983-A Bonds maturing <br />after the Optional Earliest Redemption Date are also subject to redemp- <br />tion, from funds other than those deposited as Mandatory Sinking Fund <br />Installments pursuant to said Subsection (f) hereof, by and a~ the <br />option of the Issuer prior to their stated maturity, in whole on any <br />date or in part on any Interest Payment Date, on and after the Optional <br />Earliest Redemption Date at ~he Optional Redemption Prices plus in each <br />case accrued interest to the date fixed for redemption. <br /> <br />-16- <br /> <br /> <br />
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