Laserfiche WebLink
The Public Utility Bonds maturing on August 1, 2017 shall <br />be subject to mandatory sinking fund redemption on August 1, <br />2015 and on August 1st of each year thereafter to maturity in <br />the principal amounts in each year set forth below, with the <br />particular Public Utility Bond or Bonds or portions thereof to <br />be redeemed to be selected by lot, upon payment of the <br />principal amount of the Public Utility Bonds to be redeemed, <br />together with the interest accrued on the principal amount to <br />be redeemed to the date fixed for the redemption thereof: <br /> <br /> Year <br /> (August 1st) Principal Amount <br /> <br /> 2015 $ 665,000.00 <br /> 2016 705,000.00 <br /> 2017 740,000.00 <br /> $2,110,000.00 <br /> <br />The City, at its option, may credit against such mandatory <br />sinking fund redemption requirement the principal amount of any <br />Public Utility Bonds maturing on August 1, 2017 which have been <br />purchased and cancelled by the City or which have been redeemed <br />and not theretofore applied as a credit against such mandatory <br />sinking fund redemption requirment. <br /> <br /> The Public Utility Bonds maturing on August 1, 2021, shall <br />be subject to mandatory sinking fund redemption on August <br />2018 and on August 1st of each year thereafter to maturity in <br />the principal amounts in each year set forth below, with the <br />particular Public Utility Bond or Bonds or portions thereof to <br />be redeemed to be selected by lot, upon payment of the <br />principal amount of the Public Utility Bonds to be be redeemed, <br />together with the interest accrued on the principal amount to <br />be redeemed to the date fixed for the redemption thereof; <br /> <br /> Year <br /> (August 1st) Principal Amount <br /> <br /> 2018 $ 785,000.00 <br /> 2019 830,000.00 <br /> 2020 875,000.00 <br /> 2021 925,000.00 <br /> $ 3,415,000.00 <br /> <br />The City, at its option, may credit against such mandatory <br />sinking fund redemption requirement the principal amount of any <br />Public Utility Bonds maturing on August 1, 2021 which have been <br />purchased and cancelled by the City or which have been redeemed <br />and not theretofore applied as a credit against such mandatory <br />sinking fund redemption requirement. <br /> <br /> 6 <br /> <br /> <br />