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Ord86 1928
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Ord86 1928
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Last modified
10/11/2019 3:13:05 PM
Creation date
10/11/2019 3:12:59 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
3/17/1986
Description
1928 MAR 1 '7 1986 AN ORDINANCE ESTABLISHING THE REDWOOD CITY PUBLIC FACILITIES AND INFRASTRUCTURE AUTHORITY, PROVIDING FOR ITS GENERAL AND SPECIAL POWERS, INCLUDING THE POWER TO INCUR INDEBTEDNESS, AND SPECIFYING CERTAIN RIGHTS OF OBLIGEES OF THE AUTHORITY
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<br /> DES:djc 2/28/86 <br /> Section 4.31. Call and Redemption. Bonds may be callable <br />upon such terms, conditions, and notice as the Authority <br />determines, and upon the payment of the premium, if any, fixed by <br />the Authority in the proceedings for their issuance. No bond <br />shall be subject to call or redemption prior to its fixed <br />maturity date unless the right to exercise such call is expressly <br />stated on its face. <br /> Section 4.32. Place of Payment; Coin or Currency. The <br />Authority may provide for the payment of the principal and <br />interest of bonds at any place within the State, or for the <br />payment or collection of such principal without the State, and in <br />any specified coin or currency of the United States. <br /> Section 4.33. Signatures. Signatures on the bonds may be <br />printed, lithographed, or engraved facsimile. <br /> Section 4.34. Signatures; Continuing Validity. If any <br />officer or representative whose signature or countersignature <br />appears upon the bonds ceases to be an officer or representative <br />before the delivery of the bonds, his signature or <br />countersignature is nevertheless valid and of the same force and <br />effect as if he had continued to hold his office or position <br />until the delivery of the bonds. <br /> Section 4.35. Serial or Sinking Fund Type; Maximum <br />Maturity; Calculation of Maturity. Bonds issued under this <br />ordinance may be serial or sinking fund bonds. A bond by its <br />terms shall not mature more than forty (40) years from its date. <br />If any authorized issue is divided into two or more series or <br /> 21 <br /> ,"_._........ <br />
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