Redeemed debentures to be cancelled
Expenses of redemption to be borne by sinking fund
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(17) Upon the repayment of the principal monies represented
by any debenture such debenture with all the coupons
thereunto belonging shall be delivered up to the Treasurer
to be by him cancelled and retained.
Any drawing debenture redeemed by purchase shall
likewise be so cancelled and retained.
(18) All expenses of or incidental to the redemption of
the debentures and the costs and expenses of all notices
required by this Ordinance to be given may be paid out of
the sinking fund.