O-1965-730 - Laserfiche WebLink

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, . ,.. . . in whole, 'or in part, on January 15, 1976, or on any interest payment date thereafter, for the principal amount thereof . plus accrued inte~est to the date fixed for redemption. At least .thirty days before the date fixed for any such redemption, the City shall cause a written notice of such redemption to be published at least once in a financial publica- tion published ~n the City of New York, New York. By the date fixed for any such redemption, due provision shall be made with the paying agent" for the payment of the principal amount, of the bonds to be so redeemed, plus accrued interest thereon to the . dated fixed fo~ re~emption. If the written notice of redemptio is published, 'and if due provision for payment is made, all as provided qbove, the bonds, which are to be so redeemed, thereby automatically shall be rede~med,prior to maturity, and they shall not bear interest aft~r the date fixed for redemption, and shall not be regarded a"s being outstanding except for the purpose of receiving th~ funds so provided fo~ such payment. Section 4.' That said bonds shall bear interest from their date, until'maturity or redemption, at the rate of 4~% per annum, with ,said interest to be evidenced by interest . ,~oupons payable on July 15, 1966, and semi-annually thereafter on each Januar~ 15 and July 15. -- - Section 5. ,That the principal of and interest on said bonds shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer,' upon presentatipn and surrender of proper bond or ." ~' interest coupon, at 'Bayshore National Bank, La Porte, Texas, . . which place shall be the paying agent for said bonds. Section'6. That each of said bonds and interest coupons shall be signed by the imprinted or lithographed fac- .'. simile signa~~re of the Mayor of said City and countersigned