HomeMy WebLinkAbout1966-11-15; City Council; 1099; 1966 Library bonds issuance..
e a
f Carlsbad
option of the holder
ifornia, Chkago, Xllinois, or in New York,
of said balzds
erk of said cfCy is
to be impressed,
Ced "1966 LIBRARY BONDS CONSTRUCTION FUND, "
d the moneys in said fund shall'be applied exclus%
r that purpose suffieien
all olther taxes levied for
es, and shaPI forthwith
"1966 LIBRARY BONDS INTEREST
am fully paid,
ly the folfawlng
3/64
STATE OF CALIFORN
upder and in .$he provisions of Article 1, Chapter Title 4 of the Government Code of the State of" Dfvisfon 4,
theretoo, and in tion of the State rnia, and is a than tWo-th$rdS Of' City of' Carlsbad and legalxy called on the 18th day of January, 1966.
ERTIFIED!, RECITED AND DECZpAREY) ditions and things required b law to exist, happen and be perfarmed psreoedent; e issuance of this bond have exist@ d been performed in due terne, fom and equlred by law, and tha the ~"t of er with all other ndebtedness of
ot exceed any debt 19mit preserfbed stitution of the State sf Calffornta,
5.
e e
IN WITNESS WHEREOF, said City of Carlsbad
has caused this bond to be signed by the Mayor and the City Treasurer of said city by their facsimile signatures, countersigned by the City Clerk of said city and sealed with %be corporate seal of said city, and the interest coupons hereto attached to be signed by the City Treasurer by his facsimile signature, and has caused this bqnd to be dated the
first day of January, 1967.
Carlsbad, California
COUNTERSIGNED:
4%4&/ 8, - Deputy City Clerk of the City of Carlsbad, California
(COUPON FORM)
On the first day of
the CITY OF CARLSBAD, --Tz--- California, will pay to the bearer, at the office of the City Treasurer of said city, in said city,or, at the option of" the holder hereof', at the pay- ing agent of the city in Lox Angeles, California, Chicago, Illinois, or in New York, New York,
Coupon No.
$ the $urn of is lawful money of the United States of America, being the interest then due on its
1966 CfBRARY BOND No.
DaCed January 1 9 19x
Carlsbad, California
6.
.. I
PROVISIOIUS FOR TSEGISTRATION
So long as this bond is registered, ne trans- fer hereof shall be valid for any purpose unless made by the registered owner and entered and noted as herefn provided, and the prfncipal. and my redemption premiiwm shall be payable only to the regfstered ome~~ or to hfs ssader. Interest on this bond, if. regfstered as to both prineipaP and fnterest, shall be payable to the pe~son whose name appears upon the rsegis'f;ry books as 'cered owner hereof at the close o the tenth day precedling the inteer date, or to his order, If thfs bond is registered as to both principal and interest and fts registra- tion is changed to regfstratfsn as to princfpal only, or if it is di arged from registration there shall be attac hereto coupons rpeproese fng interest hereon to become due thereafter t the date of maturity hereof, In Hfeu thereof, and upon surrender and came ation hePeOfo the City Treasurer may fssue fn exchange herefop a nd, with such ~sesgsns sz'etached, fdentLca1 his bond, exaept; for the plaevious nobatfans registration blank hereon,
8.
Section 6 The bonds ring on or prior to
January 1, 1981, shall no
demption prior to maturity. The bonds matmipg on
January 1, 1982, or any of them, may
maturity and redeemed at the option of
said city on
date thereafter prior to maturity, at a redemption price
for eaoh redeemable bond equal to the p
thereof, plus interest to the date of r
a premium equal to one-quarter of one p
principal amount for each year or porti
from the date of redemption to the matu
ity Council of
January 1, 1978, or on
All or any of the bonds subject to c@l
for redemption at any one time.
bonds are redeemed at any one time, such bonds
redeemed only in inverse o
Lf less than all of the
e highest numbered bond. The interest
ich bonds which are called are to
presented for redemption is hereinafter s
the "redempt If
Section 7 Notice of the intended
shall be published by one (1) publication in a
newspaper or journal of national circulation, p
10.
and State of Mew York, said publisatfon
t Least thirty (30) days bu% no% more than sixty (60)
ays prior to the redemptfon date, The notfce of redemp-
tion shall (a) state the redempteon 1 state the
redemption plaice; (a) state the numbers and dates of
maturfty of %he bonds to be red emed; provided, however,
that whenever any call fncbudes aJ.1 Qf the bc”l of a
maturity, the numbers o eed not be s
ufre that such bonds
coupons matur
(except that no coup
egfstered as to both principal and In
Qrffc@ Qf toe Bity Treasurer of the Ci Carlsbad, California, option of the holder thereof, at the paying agent of es, California, Chicag Illinois, or in
(e) requirs that bonds which at the
tered so as to be payable
ied by approp~fate sQGment duly
ecasted in blank; and (f> fwther inter-
If any of the bonds designated
shall be registered so as to be payable
bearer, the City Treasure
the publfcatisn of said notice QF 31pe
oakage p~epa.%d, to the respectfve reg%stered
thereof a% the addresses appearing on the bond regist
The ac.$lual rece%pt by the holder any b0Dd (herein-
after referred t such redemption
0 0
t be a condition pereoedent to redemption, and fail-
ure to recetve such notice shall not affect the validity
of the proceed%ngs for %he redemption OS such bonds or the
cessation of Snterest on the date fixed for redemp&fone
Tkre notfce or notices required by thts section
shall be g%ven by the City Treasurer.
City Treaswer %hat notice of call and redemption has3 been
A certificate by said
ven’to holders of registered bonds as herein provided shall
conclusivk as against all parties and no whose
steered bond Pa ea
bJect to the cess
fixed by any cfafm or shosJeng that he f
ceive such notice f call and redenaption.
Seetiow 8 Pr%or to the time the City Council
determines call redeem any of said
be es%ablfshed in the t
to be described QP kno FUND (hereinafter sometimes referred to as “Redemption Fundi’),
a
3 E”S I3EDEMPTION *
e of” a redemption
1
*. e e
Any interest coupons due on or prior to %he redemption
date shall be paid from the Interest and Redemption Fund
proar%ded for herein upon presentatfon and surrender thereofo
Any interest due on or prior to the redemption date upon
bonds registered a8 to both principal and fnterest shall be
paid frqom sa9d Interest F"da
regfs%ered or registered as to
attached thereto or presented therewith all interest coupons
raa%twring after the redemption date,
bonds have been redeemed and cancelled or paid and cancelled
there are moneys remaining fn said Redemption Fund, said
If" after all of the
be transferred to the genera
provided, however, that if said money
ceeds of refunding b 59 'said mQneY8
to the fund created for the payment of principal of' and
interest on such refunding bondse
Section 9 e When notlee of redemp$%on has been
given, subs%&ntiaPly as provided for herein, and when the
mount necessary for the redemption of the bonds
redsmp%$on (pr%ncfpal and premium) is
puppose In %ha Redemption Fund, a
bonds designated for redemption s
on the date fixed for redemption thereof, and
$a$$on and surrender of sald bonds and fexcep
a become due and payabXe
red %S %O both principal a terest) interest
coupons matur%ng aftes the redemp
specified in the notice of red
bonds be registered, upon the appropriate assignment there-
of in blank, such bonds shall be redeemed and paid
date, at the place
and, if %lay Of said
13.
4/64
bonds redeemed
cancelled
reissued,
0
+
and all interest coupons thereof shall be
forthwith by the City Treasurer and shall not be
All interest coupons pertaining to any redeemed
bonds, which coupons have matured on or prior to the time
Fixed for redemption, shall continue to be payable to the
respective holders thereof but without interest thereon,
All unpaid interest payable at or prSor to the date fIxed
for redemption upon bonds reglstered in such manner that
the interest is payable only to the registered owner8 shall
continue to be payable to the respective registered owners
of such bonds, or their order, but without interest thereon,
Section 10. Any of said bonds may be registered
either as to principal only or as to both principal and
interest, and the form of registration of any registered
bond may be changed or any registered bond may be discharged
from registration, in the manner and with the effect set
forth in the provisions for registration contained in the
form of bond set forth herein.