ORDINANCES & RESOLUTIONS 2009 - Laserfiche WebLink

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at the place of redemption to pay the redemption price on the redemption date and when such Bonds (or portions thereof) are presented for payment. Any Bond redeemed in part may be exchanged for a Bond or Bonds of the same maturity in authorized denominations equal to the remaining principal amount thereof In addition to the foregoing notice, the Town may also direct that further notice of redemption of the Bonds be given, including without limitation and at the option of the Town, notice described in paragraph (i) below given by the Registrar and Paying Agent to the parties described in paragraphs (ii) and (iii)below. No defect in any such further notice and no failure to give all or any portion of any such further notice shall in any manner defeat the effectiveness of any call for redemption of Bonds so long as notice thereof is mailed as prescribed above. (c) If so directed by the Town, each further notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus (1) the CUSIP numbers of all Bonds being redeemed; (2) the date of issue of the Bonds as originally issued; (3) the rate of interest borne by each Bond being redeemed; (4) the maturity date of each Bond being redeemed; and (5) any other descriptive information needed to identify accurately the Bonds being redeemed. (d) If so directed by the Town, each further notice of redemption shall be sent at least thirty-five (35) days before the redemption date by registered or certified mail or overnight delivery service to all registered securities depositories then in the business of holding substantial amounts of obligations of types comprising the Bonds (such depositories now being The Depository Trust Company of New York, New York, and the Philadelphia Depository Trust Company of Philadelphia, Pennsylvania) and to one or more national information services that disseminate notices of redemption of obligations such as the Bonds (such as Financial Information, Inc.'s Financial Daily Called Bond Service, Kenny Information Service's Called Bond Service, Moody's Municipal and Government News Reports and Standard &Poor's Called Bond Record). (e) If so directed by the Town, each such further notice shall be published one (1) time in The Bond Buyer of New York, New York or, if the Registrar believes such publication is impractical or unlikely to reach a substantial number of the holders of the Bonds, in some other financial newspaper or journal which regularly carries notices of redemption of other obligations similar to the Bonds, such publication to be made at least thirty(30) days prior to the date fixed for redemption. Upon the payment of the redemption price of the Bonds (or portions thereon) being redeemed and if so directed by the Town, each check or other transfer of funds issued for such • purpose shall bear the CUSIP number identifying, by issue and maturity, the Bonds (or portions thereof)being redeemed with the proceeds of such check or other transfer. (f) Tenn Bonds. As determined by the successful bidder for the Bonds, and as to be set forth in the Certificate of the Clerk-Treasurer regarding the award of the Bonds (the "Award Certificate"), all or a portion of the Bonds may be aggregated into one or more term bonds payable from mandatory sinking fund redemption payments (the "Term Bonds") required to be made as set forth below. The Term Bonds shall have a stated maturity or maturities of February 1 and August 1 in the years determined by the successful bidder, consistent with the principal maturities provided in the notice of the sale of the Bonds, and as set forth in the Award Certificate. 8