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5 GCA § 10.04

Payment of Bonds after Discharge of Indenture

Guam Code AnnotatedTitle 5 — Government Operations
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Notwithstanding any other provisions of this Indenture, any moneys held by the Trustee in trust for the payment of the principal or Redemption Price of, or interest on, any Bonds and remaining unclaimed for two years after the principal of all of the Bonds has become due and payable (whether at maturity or upon call for redemption or by acceleration as provided in this Indenture), if such moneys were so held at such date, or two years after the date of deposit of such moneys if deposited after said date when all of the Bonds became due and payable, shall, upon Request of the Government, be repaid to the Government free from the mists created by this Indenture, and all liability of any Fiduciary with respect to such moneys shall thereupon cease and the Holders of such Bonds shall be entitled to look only to Revenues held by the Government for payment of such Bonds; provided, however, that before the repayment of such moneys to the Government as aforesaid, the Trustee may (at the cost of the Government) first publish at least once in a financial newspaper or journal circulated in New York, New York, a notice, in such form as maybe deemed appropriate by the Trustee, with respect to the Bonds so payable and not presented and with respect to the COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS provisions relating to the repayment to the Government of the moneys held for the payment thereof. ---------ARTICLE XI MISCELLANEOUS

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.