HomeMy WebLinkAboutResolution - Recall/redeem Refunding Bonds
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RES 0 L UTI 0 N
WHEREAS, certain general obligation Refunding Bonds
have previously been issued by the City of Ocoee, pursuant to
the Modified Plan of Composition of the City of Ocoee, Orange
County, Florida, dated March 22, 1945, and
WHEREAS, the City Commission has determined that it
~ is in the best interest of the City of Ocoee that said Refunding
Bonds be recalled or redeemed, pursuant to Section 5 of the
Modified Plan of Composition, the Commission finding that the
City has the financial resources to do so, and
WHEREAS, the City Commission of the City of Ocoee
has determined that it is desirable that said Bonds be recalled
or redeemed at the earliest possible date,
NOW, THEREFORE, BE IT RESOLVED:
1. That all outstanding Refunding Bonds issued
pursuant to the Modified Plan of Composition shall be recalled
or redeemed by the City of Ocoee as provided by Section 5 of
the Modified Plan of Composition, said recall to occur on the
next interest payment date, to-wit: July 1, 1976.
2. That notice of the recall or redemption shall
be filed at the First National Bank of Chicago at least 30
days prior to July 1, 1976, as provided in Section 5(b) of the
Modified Plan, and that notice of the City's intention to
redeem said bonds shall be published in the Wall Street Journal
and the Orlando Sentinel Star, as provided by said Section 5(b).
DATED this
2nd day of December, 1975.
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MAYOR, CITY OF OCOEE /
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CI'tY CLERK (DEPUTY)