Res65 4810 - Laserfiche WebLink

Browse Search

Both the principal of and interest on the bonds shall be payable in lawful money of the United States of America at the office of the Treasurer, in Redwood City, San Mateo County, California, or, at the option of the holder, at the San Francisco Main Office of Bank of America National Trust and Savings Association, in San Francisco, California, the prin- cipal office of Chemical Bank New York Trust Co., in New York, New York, or The First National Bank of Chicago, in Chicago, Illinois. Bonds numbered 1 to 229, both inclusive, maturing by their terms on or prior to January 15, 1986, shall not be subject to call or redemption prior to their fixed maturity dates. Bonds numbered 230 to 323, both inclusive, maturing by their terms on and after January 15, 1987, shall be subject to call and redemption, at the option of the Council, as a whole, or in part, in inverse numerical order from higher to lower, on January 15, 1986 (but not prior thereto), and on any interest payment date thereafter prior to their fixed maturity date or dates at the principal amount thereof and accrued interest thereon to date of redemption, together with a premium of one - quarter of one per cent (1/4 of 1 %) of such principal amount for each whole year and for any remaining fraction of a year from the date fixed for redemption to the fixed maturity date of the bonds so called for redemption. Notice of such redemption shall be given by publication of such notice once a week for two (2) successive calendar weeks in a newspaper of general circulation or a financial journal printed and published in San Francisco, California, the first publication of which shall be at least thirty (30) days but not more than sixty (60) days prior to the date fixed for such redemption. After the date fixed for such redemption, if the Council shall have duly published notice of such redemption, and shall have provided funds for the payment of principal of and interest on the bonds so called 5