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<br />are to be called for redemption, then upon notice of redemption of a $5,000 unit or units, the
<br />registered owner of that Bond shan surrender the Bond to the Registrar (i) for payment of the
<br />redemption price of the $5,000 unit or units caned for redemption (inclucling, without limitatioD,
<br />the interest accrued to the date fixed for redemption and any premium), and (ii) for issuance,
<br />without charge to the registered owner thereof, of a new Bond or Bonds of any authorized
<br />denominations or denominations in an aggregate principal amount equal to the unmatured and
<br />unredeemed portion of; and bearing interest at the same rate and maturing on the same date as,
<br />the Bond surrendered.
<br />
<br />(d) Notice of RedemDtion. The notice of the can for redemption of
<br />Bonds shall identify (i) by designation, letters, numbers or other distingnishing marks, the Bonds
<br />or portions thereof to be redeemed, (ii) the redemption price to be paid, (iii) the date fixed for
<br />redemption, and (iv) the place or places where the amOlillts due upon redemption are payable
<br />The notice shall be given by the Registrar on behalf of the City by mailing a copy of the
<br />redemption notice by first class mail; postage prepaid, at least 30 days prior to the date fixed for
<br />redemption, to the registered owner of each Bond subject to redemption in whole or in part at the
<br />registered owner's address shown on the Register maintained by the Registrar at the close of
<br />business on the 15th 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
<br />the 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 />caned far redemption shall become due and payable on the redemption date, and, upon
<br />presentation and surrender thereof at the place 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 ftom 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 coiltim!e to bear interest, until they
<br />are paid, at the sarne rate as they would have borne had they notbeen caned for redemption. All
<br />moneys held by the Registrar for the redemption of particular Bonds shall be held in trust for the
<br />account of the registered owners thereof and shall be paid to them, respectively, upon
<br />presentation and surrender of those Bonds
<br />
<br />SECTION 4. Pnrsuant to Section 133 30(B) of the Ohio Revised Code, the Fiscal
<br />Officer is authorized to combine the Bonds with other bonds into a single consolidated issued of
<br />bonds, for purposes of their sale, as a single issue to be designated "Various Purpose General
<br />Óbligation Bonds, Series 2005" Such consolidated bonds shall contain a smnmary statement of
<br />purpose encompassing the purpose for which the Bonds are issued and shall state that they are
<br />issued ptirsuant to' this 'Ordinance; shall be executed by the Mayor aÙd by the Fiscal Officer, one
<br />or both of whose signatures may be a facsimile signature; shall be issued only in fully registered
<br />fOlm; and shall be ,registered as to both principal and interest at the corporate trust office of the
<br />Registrar. The' Bonds shall be issued in the denominations and numbers. 'as requested by the
<br />Original Purchaser and approved by the Fiscal Officer, and shall be numbered as detennined by
<br />the Fiscal Officer. The principal of the Bonds shall be payable upon presentation and surrender
<br />to the Registrar ,Interest on any Bond shall be paid on each Interest Payment Date by check or
<br />draft mailed to the person in whose name that Bond is registered (the "Holder") on the
<br />registration books ofthe 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") or by wire transfer made at the written request of a
<br />Holder of at least $1,000,000 in aggregate principal amount of the Bonds Any interest not
<br />timely paid (the "Defaulted Interest") shall cease to be payable to the person who is the Holder
<br />as of the Reg¡¡lar Record Date and shall be payable to the person who is the Holder at the close
<br />of business on a special record date for the payment of such defaulted interest (the "Special
<br />Record Date") Such Special Record Date shall be fixed by the Council of the City whenever
<br />moneys become available for payment of the Defaulted Interest, and the Registrar shall cause
<br />notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor
<br />to be mailed, first class postage prepaid, not less than ten (10) days prior thereto to each Holder
<br />
<br />{KLF2993;2}
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