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81-144 Ordinance
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81-144 Ordinance
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1/11/2014 11:44:50 AM
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North Olmsted Legislation
Legislation Number
81-144
Legislation Date
12/15/1981
Year
1981
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days prior to the date fixed for redemption to the holder or holders <br />thereof at the address shown on the registration books kept by the <br />Trustee and published notice of the call for redemption need not be <br />given; provided, that failure to give or receive such notice to any <br />Bondholder by mailing, or any defect in such notice to any Bondholder, <br />shall not affect the validity of the proceedings for the redemption of <br />any of the other Project Bonds. <br />Bond service charges on the Project Bonds shall be payable, <br />without deduction for services of any Paying Agent, at the corporate <br />trust office of the Trustee, except that interest on the fully registered <br />Project Bonds shall be payable by check or draft as provided in the <br />Indenture. ' <br />The Project Bonds shall be executed on behalf of the Issuer by <br />the Executive Officer and by the Fiscal Officer, provided that any or <br />all of such signatures may be facsimiles, and shall bear the seal of the <br />Issuer or a facsimile thereof, and the coupons pertaining thereto shall <br />be executed by the Fiscal Officer of the Issuer, provided that such <br />signature may be a facsimile signature. <br />Section 4. Terms of all Bonds. All Bonds shall bear such <br />designations as may be necessary to distinguish them from Bonds of any <br />other series. Bond service charges on all Bonds shall be payable in <br />lawful money of the United States of America. Al1 Bonds shall be nego- <br />tiable instruments, subject to applicable provisions for transfer and <br />registration, and shall express on their faces the purpose for which <br />they are issued and such other statements or legends as may be required <br />by law. <br />Subject to provisions of the applicable Bond Legislation, <br />Bonds shall be issued as coupon Bonds registrable as to principal or as <br />fully registered Bonds, and may be exchanged as between forms, all as <br />provided in the Indenture. <br />Al1 Bonds and coupons shall be executed in the manner provided <br />in the Bond Legislation authorizing their issuance or in the manner <br />provided by the applicable law in effect at the time of their issuance. <br />In case any officer whose signature or a facsimile of whose signature <br />shall appear on any Bonds or coupons shall cease to be such officer <br />before the issuance, authentication or delivery of such Bonds or coupons, <br />such signature or such facsimile shall nevertheless be valid and suf- <br />ficient for all purposes, the same as if he had remained in office until <br />that time. . <br />Unless otherwise provided in the Bond Legislation authorizing <br />the issuance of Additional Bonds, notice of call for redemption of all <br />Bonds shall be given in the manner provided in Section 3 hereof for the <br />notice of call for redemption of the Project Bonds. If Bonds or portions <br />of fully registered Bonds are duly called for redemption and if on such <br />redemption date moneys for the redemption of all the Bonds to be re- <br />deemed, together with accrued interest to the redemption date, shall be <br />BR-11
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