Laserfiche WebLink
-4- <br /> <br /> The Bonds maturing on and before August 1, 2003 shall not be subject to <br />redemption prior to their stated maturities. The Bonds maturing on and after August 1, 2004 <br />(or portions thereof in installments of $5,000) shall be subject to redemption at the option of the <br />City prior to their stated maturities on or after August 1, 2003, in whole at any time, or in part <br />from time to time on any interest payment date in any order determined by the City (except that <br />if less than all of the Bonds of a given maturity are called for redemption, the particular Bonds <br />or portions thereof in installments of $5,000 of such maturity to be redeemed shall be selected <br />by lot), upon payment of the following redemption prices (expressed as a percentage of principal <br />mount of Bonds to be redeemed), together with the interest accrued on the principal mount <br />to be redeemed to the date fixed for the redemption thereof: <br /> <br />Redemption Dates <br />(Both Dates Inclusive) <br /> <br />Redemption Prices <br />(Percentage <br />of Principal Amount) <br /> <br />August 1, 2003 to July 31, 2004 <br />August 1, 2004 to July 31, 2005 <br />August 1, 2005 and thereafter <br /> <br />102 % <br />101 <br />100 <br /> <br /> The Bonds maturing on August 1, 2013 shall be subject to mandatory sinking fund <br />redemption on August 1, 2010 and on August 1 of each year thereafter to maturity in the <br />principal mounts in each year set forth below, with the particular Bond or Bonds or portions <br />thereof to be selected by lot, upon payment of a redemption price equal to 100% of the principal <br />mount of the Bonds to be redeemed, together with the interest accrued on the principal mount <br />to be redeemed to the date fixed for the redemption thereof: <br /> <br /> Year <br />(August 1) <br /> <br />Ptincival Amount <br /> <br />2010 $845,000 <br />2011 865,000 <br />2012 920,000 <br />2013' 420,000 <br /> <br />The City, at ils option, may credit against such mandatory sinking fund redemption requirement, <br />the principal amount of any Bonds maturing on August 1, 2013 which have been purchased and <br />cancelled by the City or which have been redeemed and not theretofore applied as a credit <br />again,qt such mandatory sinking fund redemption requirement. <br /> <br /> <br />