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The Public.Utility Bonds shall mature or become due and <br />payable on August 1 in each of the years 1992 to 2011, both <br />inclusive, and in the year 2019 in the principal amounts set <br />forth opposite each such year below, with the Bonds maturing in <br />each such year bearing interest at the rate per annum set forth <br />opposite such year, as follows: <br /> <br /> Principal Interest Principal Interest <br />Year Amount Rate Year Amount Rate <br /> <br />1992 $125,000 8.10% 2003 $ 260,000 6.70% <br />1993 130,000 8.10 2004 280,000 6.75 <br />1994 140,000 8.10 2005 300,000 6.80 <br />1995 150,000 8.10 2006 320,000 6.80 <br />1996 160,000 8.10 2007 340,000 6.80 <br />1997 175,000 7.70 2008 365,000 6.80 <br />1998 185,000 6.20 2009 390~000 6.80 <br />1999 200,000 6.30 2010 420,000 6.80 <br />2000 215,000 6.40 2011 450,000 6.80 <br />2001 230,000 6.50 2019 4,920,000 6.90 <br />2002 245,000 6.60 <br /> <br /> The Bonds of each issue maturing on and before August <br />1, 2000 shall not be subject to redemption prior to their stated <br />maturities. The Bonds of each issue maturing on and after August <br />1, 2001 (or portions thereof in installments of $5,000) shall be <br />subject to redemption at the option of the City prior to their <br />stated maturities on or after August 1, 2000 in whole at any <br />time, or in part from time to time on any interest payment date <br />in any order determined by the City (except that if less than all <br />of the Bonds of a given maturity of either issue are called for <br />redemption, the particular Bonds or portions thereof in <br />installments of $5,000 of such maturity of such issue to be <br />redeemed shall be selected by lot), upon payment of the following <br />redemption prices (expressed as a percentage of principal amount <br />of Bonds to be redeemed), together with the interest accrued on <br />the principal amount to be redeemed to the date fixed for the <br />redemption thereof: <br /> <br /> Redemption Dates <br />(Both Dates Inclusive) <br /> <br /> Redemption Prices <br /> (Percentage <br />of PrinciDal Amount) <br /> <br />August 1, 2000 to July 31, 2001 102 % <br />August 1, 2001 to July 31, 2002 101 1/2 <br />August 1, 2002 to July 31, 2003 101 <br />August 1, 2003 to July 31, 2004 100 1/2 <br />August 1, 2004 and thereafter 100 <br /> <br /> <br />