5 GCA § 4.03
Notice of Redemption
View official PDF ↗Notice of redemption (except as provided below) shall be given, not less than thirty
(30)nor more than sixty
(60)days before the date fixed for redemption, by first class mail to each of the registered owners of Bonds designated for redemption at their addresses appearing on the bond registration books of the Registrar provided to the Trustee on the date the Bonds to be redeemed are selected. Each notice of redemption shall state the redemption date, the place or places of redemption, the Series and maturities to be redeemed, and, if less than all of any such maturity, the numbers of the Bonds of such maturity to be redeemed and, in the case of Bonds to be redeemed in part only, the respective portions of the principal amount thereof to be redeemed, and shall also state that on said daze there will become due and payable on each of said Bonds the Redemption Price thereof or of said specified portion of the principal thereof in the case of a Bond to be redeemed in part only, together with interest accrued thereon to the redemption date, and that from and after such redemption daze interest thereon shall cease to accrue, and shall require that such Bonds be then surrendered, with a written instrument of transfer duly executed by the registered owner thereof or by such registered owner’s attorney duly authorized in writing. No defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of such Bonds. Each notice of redemption shall also state the CUSP number, date of issue and interest rate on each Bond, or portion thereof, to be redeemed, and shall include the redemption agent name and address with contact person and telephone number; provided, however, that failure by the Trustee to include any of such information in any redemption notice, or any inaccuracy in any such information, shall not affect the sufficiency of the proceedings for redemption of any Bonds. COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS A copy of any notice of redemption given pursuant to the foregoing paragraph shall also be sent by certified mail, with return receipt requested, to the holders of $1,000,000 or more in aggregate principal amount of Bonds to be redeemed and to each of the Fiduciaries, each of the Credit Providers, the Securities Depositories (as defined below) and two or more Information Services (as defined below); provided, however, that failure by the Trustee to give notice pursuant to this sentence by certified mail to any Bondholders, to any Fiduciaries, to any Credit Providers or to any Securities Depositories or Information Services, or the insufficiency of any such notices, shall not affect the sufficiency of the proceedings for redemption of any Bonds. A second notice shall be sent, by certified mail with return receipt requested, to the registered owner of any Bond which has been called for redemption in whole or in part, and is not surrendered for payment within sixty
(60)days after the date fixed for redemption; provided, however, that failure by the Trustee to send any such second notice, or any deficiency of any such notice, shall not affect the sufficiency of the proceedings for redemption of any Bonds. As used in this paragraph, the term Information Services means Financial information, Inc.’s ‘Daily Called Bond Service,’ 30 Montgomery Street, 10th Floor, Jersey City, New Jersey 07302. Attention: Editor; Kenny information Services’ “Called: Bond Service,” 55 Broad Street, 28th Floor, New York, New York 10004; Moody’s ‘Municipal and Government, 99 Church Street, 8th Floor, New York, New York 10007, Attention: Municipal News Reports; and Standard and Poor’s “Called Bond Record,” 25 Broadway, 3rd Floor, New York, New York 10004; or, in accordance with then-current guidelines of the Securities and Exchange Commission, and/or such other services providing information with respect to ailed bonds, or no such services, as the Government may designate in a Certificate delivered to the Trustee; and the term Securities Depositories means: The Depository Trust Company, 711 Stewart Avenue, Garden City, New York 11530, Fax-(516) 227-4039 or 4190; Midwest Securities Trust Company, Capital Structures-Call Notification, 440 South LaSalle Street, Chicago, Illinois 60605, Fax-(312) 6632343; Pacific Securities Depository Trust Company, Pacific and Company, P.O. Box 7041, San Francisco, California 94120, Fax(415) 393-4128; Philadelphia Depository Trust Company, COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS Reorganization Division, 1900 Market Street, Philadelphia, Pennsylvania 19103, Attention: Bond Department, Dex-(215) 496-5058; or, in accordance with then-current guidelines of the Securities and Exchange Commission, and/or such other securities depositories, or no such depositories, as the Government may designate in a Certificate delivered to the Trustee. Notice of redemption of Bonds shall be given by the Trustee for and on behalf of the Government. Notice of redemption of 1997 Series A Bonds pursuant to
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.