5 GCA § 4.05
Effect of Redemption
View official PDF ↗Notice of redemption having been duly given as aforesaid, and moneys being held by the Trustee for payment of the Redemption Price of, and interest accrued to the redemption date on, the Bonds (or portions thereof) so called for redemption on the redemption date designated in such notice, such Bonds (or such portions) shall become due and payable at the Redemption Price specified in such notice plus interest accrued thereon to the date fixed for redemption, interest on the Bonds so called for redemption shall cease to accrue, said Bonds (or portions thereof) shall cease to be entitled to any benefit or security under this Indenture, and the Holders of said Bonds shall have no rights in respect thereof except to receive payment of said Redemption Price and accrued interest. COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS All Bonds purchased or redeemed pursuant to the provisions of this Indenture shall be canceled upon surrender thereof and delivered to or upon the Order of the Government. ---------ARTICLE V REVENUES
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.