81-144 Ordinance - Laserfiche WebLink

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December 15, 1988, at redemption prices ages of the principal amount redeemed, to the date fixed for redemption: equal to the following percent- plus in each case accrued interest If Redeemed (dates inclusive) Redemption Price December 15, 1988 through June 15, 1989 103.00; December 15, 1989 through June 15, 1990 101.5°; December 15, 1990 and thereafter 100.00 If less than all of the outstanding Project Bonds are called for redemption at one time, they shall be called in inverse order of the maturities of the Project Bonds outstanding, and if less than all of the outstanding Project Bonds of one maturity are to be called, the selec- tion of such Project Bonds, or portions of fully registered Project Bonds, of such maturity to be called shall be made by lot by the Trustee in such manner as the Trustee may determine. Notice of the call for redemption of Project Bonds, identify- ing by designation, letters, numbers or other distinguishing marks, the Project Bonds, or portions of fully Registered Project Bonds, to be redeemed, the amount of principal being redeemed, the redemption price to be paid, the date fixed for redemption and the place or places where the amounts due upon such redemption are payable, shall be given by the Trustee on behalf of the Issuer by at least two publications in a news- paper or financial journal of national circulation published in the City and State of New York, the first such publication to be not less than thirty days prior to the redemption date, and, in the case of the redemp- tion of Project Bonds at the time in the form of Registered Project Bonds, by mailing a copy of the redemption notice by first class mail, postage prepaid, at least thirty days prior to the date fixed for re- demption to the registered owner of each such Registered Project Bond to be redeemed at the address shown on the registration books kept by the Trustee and, in the case of the redemption of any Project Bonds at the time in the form of coupon Project Bonds not registered as to principal or registered as to principal to bearer, by mailing such notice in such manner not less than thirty days prior to the date fixed for redemption to the person whose name appears on the list referred to in Section 10(f) of the Bond Legislation with respect to each such Project Bond to be redeemed at the address shown on such list; provided, however, that failure to give or receive such notice by mailing, or any defect in such notice, shall not affect the validity of any proceedings for the redemp- tion of the Project Bonds. If, because of the temporary or permanent suspension of public,ation or national circulation of the appropriate newspapers or financial journals or for any other reason, it is impos- sible or impractical to publish such notice of call for redemption in the manner herein provided, then such publication in lieu thereof as shall be made with the approval of the Trustee shall constitute a suf- ficient publication of notice. In the event that all of the Project Bonds to be redeemed are at the time in the form of Registered Bonds, notice of the call for redemption may be given by mailing a copy of the redemption notice by first class mail, postage prepaid, at least thirty BR-10