ORDINANCES & RESOLUTIONS 1981 - Laserfiche WebLink

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therefor. The Issuer, the Trustee and any agent of the Issuer may deem and treat the registered holder hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and premium, if any, hereon and interest due hereon and for all other purposes and neither the Issuer, the Trustee nor any agent of the Issuer shall be affected by any notice to the contrary. If called for redemption as provided in the Agreement, the Series 1981 Bonds shall be subject to redemption by Issuer, in whole or in part (in inverse order of maturities and by lot within maturities in such manner as Trustee may determine) at 100% of the principal amount thereof, plus accrued interest to the redemption date (except that if a Determination of Taxability shall have occurred the rate of interest shall be the Taxable Rate from the date of the Determination of Taxability). If funds are deposited in the Bond Fund for redemption of Bonds pursuant to Sections 2.2(k), 3.7, 4.10, 4.l1 or 5.2 of the Agreement, the Bonds shall be subject to redemption by Issuer, in whole or in part (in inverse order of maturities and by lot within maturities in such manner as Trustee may determine), at 100% of the principal amount thereof plus accrued interest to the redemption date. In the event any of the Bonds are called for redemption as aforesaid, notice thereof identifying the Bonds or portions thereof to be redeemed will be given by Trustee by publication at least once in a newspaper or financial journal of general circulation published in the City of Indianapolis, Indiana, the first of which shall be published not less than fifteen days prior to the redemption date, and in the case of the redemption of Bonds at the time registered as to principal (except to bearer) upon mailing a copy of the redemption notice by registered or certified mail at least fifteen days prior to the date fixed for redemption to the registered owner of each Bond to be redeemed at the address shown on the registration books; provided, however, that failure to give such notice by mailing or any defect therein, shall not affect the validity of any proceeding for the redemption of Bonds. If all of the Bonds to be redeemed are at that time registered as to principal (except to bearer), notice by mailing given by registered or certified mail to the owner or owners thereof not less than fifteen days prior to the date fixed for redemption shall be sufficient and published notice of the call for redemption need not be given;