1982-257CITY OF ANAHEIM RESOLUTION NO. 82R -257
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA, AMENDING RESOLUTION NO. 82R -238 OF THE CITY
COUNCIL TO AMEND THE REDEMPTION TERMS OF THE CITY'S
ELECTRIC REVENUE BONDS, ISSUE A OF 1982 AND ISSUE B OF
1982.
WHEREAS, on May 7, 1982, the City Council of the City of
Anaheim, California adopted its Resolution No. 82R -238 providing for
the issuance of $18,000,000 Electric Revenue Bonds, Issue A of 1982
and $52,000,000 Electric Revenue Bonds, Issue B of 1982; and
WHEREAS, the City Council desires to amend Resolution
No. 82R -238 to amend the redemption terms of the Bonds;
NOW, THEREFORE, the City Council of the City of Anaheim,
California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
SECTION 1. Section 9 of Resolution No. 82R -238 is hereby
amended to read as follows:
"SECTION 9. Redemption of Bonds. The 1982 B Bonds
maturing on or after October 1, 1988 may be redeemed prior
to maturity, at the option of the City, on October 1, 1987,
or on any interest payment date thereafter, in whole or in
part, at the following redemption prices, expressed as a
percentage of the principal amount, together with accrued
interest to the date of redemption:
Redemption Dates
(April 1 and October l)
Redemption Price
1987 (October 1 only) - 1988
103
%
1989 - 1990
102
1/2
1991 - 1992
102
1993 - 1994
101
1/2
1995 -1996
101
1997 - 1998
100
1/2
1999 and thereafter
100
"The 1982 A Bonds maturing on or after October 1, 1988
may be redeemed prior to maturity, at the option of the
City, on October 1, 1987, or on any interest payment date
thereafter, in whole or in part, at 100% of the principal
amount thereof, together with accrued interest to the date
of redemption.
"The Bonds are also subject to mandatory sinking fund
redemption prior to maturity at the principal amount
thereof plus accrued interest to the redemption date as
provided in Section 13 hereof.
"All or any of the Bonds subject to redemption may be
called for redemption at any one time. If less than all of
the Bonds are redeemed at any one time, such Bonds shall be
redeemed in inverse order of maturity and by lot within
each maturity. The interest payment date on which Bonds
which are called are to be presented for redemption is
herein sometimes called the 'redemption date'."
SECTION 2. The first two paragraphs under the caption
"PROVISIONS FOR REDEMPTION" in Section 24 of Resolution No. 82R -238
are hereby amended to read as follows:
"If this is a 1982 B bond and matures on or after
October 1, 1988, it is redeemable in the manner and subject
to the terms and provisions, and with the effect, set forth
in the Resolution referred to on the face of this bond, at
the option of the City, on October 1, 1987, or on any
interest payment date thereafter prior to maturity, upon at
least 30 days' prior notice published in a newspaper of
general circulation in the County of Los Angeles, California,
and in a financial newspaper or journal of national circula-
tion published in or near the City of New York, New York, and,
if this bond is registered, upon the mailing of a similar
notice to the registered owner hereof, at the following
redemption prices, expressed as a percentage of the principal
amount, together with accrued interest to the date of redemption:
Redemption Dates
(_April l and October 1) Redemption Price
1987
(October 1 only) - 1988
103
%
1989
- 1990
102
1/2
1991
- 1992
102
1993
- 1994
101
1/2
1995
- 1996
101
1997
- 1998
100
1/2
1999
and thereafter
100
"If this is a 1982 A bond and matures on or after
October 1, 1988, it is redeemable in the manner and subject
to the terms and provisions, and with the effect, set forth
in the Resolution referred to on the face of this bond, at
-2-
-- the option of the City, on October 1, 1987, or on any
interest payment date thereafter prior to maturity, on
notice as described above, at 1000 of the principal amount
together with accrued interest to the redemption date."
SECTION 3. This Resolution shall take effect upon
adoption. Except as amended hereby, Resolution No. 82R -238 shall
remain in full force and effect.
ADOPTED, SIGNED AND APPROVED this 18th day of May, 1982.
Mayor
(SEAL)
Attest:
-3-
STATE OF CALIFORNIA )
COUNTY OF ORANGE j ss.
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 82R -257 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 18th day of May, 1982, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Overholt, Kaywood, Roth and Bay
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL`4EMBERS: None
VACANCY: COUNCIL MEMBERS: One
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Resolution No. 82R -257 on the 18th day of May, 1982.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 18th day of May, 1982.
c_
CITY CL RK OF THE'CITY ANAHEIM
(SEAL)
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 82R -257 duly passed and
adopted by the Anaheim City Council on May 18, 1982.
Q� �- 49Q?-d�
CITY CLERK