Orange County NC Website
17 <br /> the particular Bonds or portions thereof to be redeemed shall be <br /> called in the inverse order of their maturities. <br /> Not more than sixty (60) nor less than thirty (30) days before <br /> the redemption date of any Bonds to be redeemed, whether such <br /> redemption be in whole or in part, the Issuer shall cause a notice <br /> of such redemption to be filed with the Bond Registrar and to be <br /> mailed, postage prepaid, to the registered owner of each Bond to be <br /> redeemed in whole or in part at his address appearing upon the <br /> registration books of the Issuer, provided that such notice to Cede <br /> & Co. shall be given by certified or registered mail. Failure to <br /> mail such notice or any defect therein shall not affect the <br /> validity of the redemption as regards registered owners to whom <br /> 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 /> 16 <br />