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registered owner's address shown on thc Register maintained by the Registrar at the close of <br />business on the lSth day preceding that mailing. Failure to receive notice by mail or any defect <br />in that notice regarding any bond, however, shall not affect the validity of the proceedings for the <br />redemption of any bonds. <br /> <br /> (e) Payment of Redeemed Bonds. Notice having been mailed in the <br />manner provided in the preceding paragraph of this ordinance, the bonds and portions thereof <br />called for redemption shall become due and payable on the redemption date, and, upon <br />presentation and'surrender thereof at the pla~e or places specified in that notice, shall be paid at <br />the redemption price, plus interest accrued to the redemption date. If moneys for the redemption <br />of all of the bonds and portions thereof to be redeemed, together with interest accrued thereon to <br />the redemption date, are held by the Registrar on the redemption date, so as to be available <br />therefor on that date and, if notice of redemption has been deposited in the mail as aforesaid, <br />then from and after the redemption date those bonds and portions thereof called for redemption <br />shall cease to bear interest and no longer shall be considered to be outstanding. If those moneys <br />shall not be so available on the redemption date, or that notice shall not have been deposited in <br />the mail as aforesaid, those bonds and portions thereof shall continue to bear interest, until they <br />are paid, at the same rate as they would have borne had they not been called for redemption. All <br />moneys held by the Registrar for the redemption of pa~'dcular bonds shall be held in trust for the <br />~count of the registered owners thereof and shall be paid to them, respectively, upon <br />presentationand 'surrender of those bonds. <br /> <br /> SECTION 4. Pursuant to Section 133.30(B), Ohio Revised Code, the Fiscal <br />Officer may combine the Bonds with other bonds into a single consolidated issue of bonds for <br />purposes of their sale as a single issue to be designated "Various Purpose General Obhgation <br />Bonds, Series 2001". Such bonds shall contain a summary statement of purposes encompassing <br />the purpose for which the Bonds are issued; shall state that they are issued pursuant to this <br />ordinance; shall be executed by the Mayor and by the Fiscal Officer, one or both of whose <br />signatures may bea facsimile signature; shall be issued only in fully registered form; and shall be <br />registered 'as to both principal and interest at the corporate trust office of the Registrar. The <br />Bonds shall be issued in the denominations and numbers as requested by the Original. Purchaser <br />(as hereinafter defined) and approved by the Fiscal Officer, and shall be numbered as determined <br />by the Fiscal Officer. The principal on the Bonds shall be payable upon presentation and <br />surrender to the Registrar. Interest on any Bond sh~..'i be paid on each Interest Payment Date by <br />check or draft mailed to the person in whose name t~at Bond is registered (the "Holder") on the <br />registration books of the City maintained by the Registrar and at the address appearing thereon at <br />the close of business of the fifteenth day of the calendar month next preceding the Interest <br />Payment Date (the "Regular Record Date"). Any interest, not timely paid (the "Defaulted <br />Interest") shall cease to be payable to the person who is the Holder as of the Regular Record <br />Date and shall be payable to the person who is the Holder at the close of business on a special <br />record date for the payment of such defaulted interest; Such Special Record Date (the "Special <br />Record Date") shall be fixed by the Council of the City whenever moneys become available for <br />payment of the Defaulted Interest, and the Registrar shall cause notice of the proposed payment <br />of such Defaulted Interest and the Special Record Date therefor to be mailed, first class postage <br />prepaid, not less than ten (10) days prior thereto to each Holder at his address as it appears on the <br />registration books of the City maintained by the Registrar. The principal and interest on .the <br />Bonds is payable in lawful money of the United States of America without deduction for the <br />services of the Registrar. <br /> <br /> No Bond shall be valid or become obligatory for any purpose unless and until an <br /> authentication certificate appearing on the BOnd shall have been duly endorsed by the Registrar. <br /> <br /> Any Bond, upon surrender thereof at the principal corporate trust office of the <br /> Registrar, together with an assignment duly executed by the Holder or his duly authorized <br /> attorney in such form as shall be satisfactory to the Registrar, at the option of the Holder thereof, <br /> may be exchanged for Bonds of any authorized denomination or denominations in an aggregate <br /> principal amount not exceeding the principal amount of the Bond so exchanged, and bem'ing <br /> interest at the same rate and maturing on the same date. <br /> <br /> Any Bond may be transferred only upon the books kept for the registration and <br /> transfer of Bonds upon surrender thereof at the principal corporate trust office of the Registrar <br /> together with an assignment duly executed by the Holder or his duly authorized attomey in such <br /> <br />{KLF0962.DOC;I ) 4 <br /> <br /> <br />