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Agenda - Council - 07/12/2022
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Agenda - Council - 07/12/2022
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Last modified
3/14/2025 2:34:08 PM
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7/12/2022 9:10:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/12/2022
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Subject to state laws applicable to unclaimed property, any money which the Trustee shall <br /> segregate and hold in trust for the payment of the principal of, premium, if any, or interest on any <br /> Bond and remaining unclaimed for two (2) years after such principal, premium, if any, or interest <br /> has become due and payable shall be paid to the Company; provided, however, that before the <br /> Trustee shall be required to make any such repayment, the Trustee shall, at the written direction <br /> and at the expense of the Company, cause notice to be given by registered mail to the Registered <br /> Owner(s) of all Bonds not presented for payment when the principal thereof became due to the <br /> effect that such money remains unclaimed and that, after a date specified therein, which shall not <br /> be less than thirty (30) days from the date of such mailing, any unclaimed balance of such money <br /> then remaining will be paid to the Company. After the payment of such unclaimed money to the <br /> Company,the Registered Owner(s) and the Bondholder(s) of such Bond shall thereafter look only <br /> to the Company for the payment thereof, and all liability of the Issuer and the Trustee with respect <br /> to such money shall thereupon cease. <br /> (The remainder of this page is intentionally left blank.) <br /> 35 <br /> 735810810 <br />
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