Orange County NC Website
such notice was given as required hereby. Each such notice shall <br /> set forth the date designated for redemption, the redemption price <br /> to be paid and the maturities of the Bonds to be redeemed. In the <br /> event that Certificated Bonds are outstanding, each such notice to <br /> the registered owners thereof shall also set forth, if less than <br /> all of the Bonds of any maturity then outstanding shall be called <br /> for redemption, the distinctive numbers and letters, if any, of <br /> such Bonds to be redeemed and, in the case of any Bond to be <br /> redeemed in part only, the portion of the principal amount thereof <br /> to be redeemed. If any Bond is to be redeemed in part only, the <br /> notice of redemption shall state also that on or after the <br /> redemption date, upon surrender of such Bond, a new Bond or Bonds <br /> in principal amount equal to the unredeemed portion of such Bond <br /> will be issued. <br /> On or before the date fixed for redemption, moneys shall be <br /> deposited with the Bond Registrar to pay the principal of and the <br /> redemption premium, if any, on the Bonds or portions thereof called <br /> for redemption as well as the interest accruing thereon to the <br /> redemption date thereof. <br /> On the date fixed for redemption, notice having been given in <br /> the manner and under the conditions hereinabove provided, the Bonds <br /> or portions thereof called for redemption shall be due and payable <br /> at the redemption price provided therefor, plus accrued interest to <br /> such date. If moneys sufficient to pay the redemption price of the <br /> Bonds or portions thereof to be redeemed, plus accrued interest <br /> 17 <br />