US Laws, Codes, Statutes & Cases

 
    §  615.  City's  right to require redemption of bonds. Notwithstanding
  and in addition to any provisions for the redemption of bonds which  may
  be  contained  in  any  contract with the holders of the bonds, the city
  may, upon furnishing sufficient funds therefor, require the  corporation
  to  redeem,  prior  to  maturity,  as a whole, any issue of bonds on any
  interest payment date not less than twenty years after the date  of  the
  bonds  of  such issue at one hundred five per centum of their face value
  and accrued interest or  at  such  lower  redemption  price  as  may  be
  provided  in  the  bonds in case of the redemption thereof as a whole on
  the redemption date. Notice of such redemption shall be published in  at
  least  two  newspapers  published  and  circulating in the city at least
  twice, the first publication to be at least thirty days before the  date
  of redemption.