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March 24," 1993
<br />
<br />(Anwast D Pr~e~ Amount
<br />
<br />2010 $845,000
<br />2011 865,000
<br />2012 920,000
<br />2013' 420,000
<br />
<br />*ldamd~
<br />
<br />The City, at ils option, may credit against such ma?datory sinking fund redemption requirement,
<br />the principal mount of any Bonds maturing on August i, 2013 winch have been purchased and
<br />cancelled by the City or winch have been redeemed and not theretofore applied as a credit
<br />against such mandatory sinking ftmd redemption requirement.
<br />
<br /> The Bonds maturing on August 1, 20t9 shall be subject to mandatory sinking fund
<br />redemption on August I, 2014 and ou August I of each year thereafter to maturity in the
<br />princtpal amounts 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 />amount of the Bonds to be redeemed, together with the interest accrued on the principal amount
<br />to be redeemed to the date fLXed for the redemption thereof:
<br />
<br />Year
<br />(August 1) Principal Amount
<br />
<br />2014 $585,000
<br />2015 620,000
<br />2016 655,000
<br />2017 690,000
<br />20t8 730,000
<br />2019' 770,000
<br />
<br />*Mam~dty
<br />
<br />The City, at its option, may credit against such mandatory sinking fund redemption requirement,
<br />the principal amount of any Bonds maturing on August 1, 2019 winch have been purchased and
<br />cancelled by the City or which have been redeemed and not theretofore applied as a credit
<br />against such mandatory -sinking fund redemption requirement.
<br />
<br /> If any Bond (or any portion of the principal amount thereof in installments of
<br />$5,000) shall be called for redemption, notice of the redemption thereof, specifying the date,
<br />number and maturity of such Bond, the date and place or places fmxt for its redemption, the
<br />premium, if any, payable upon such redemption, and Fie. ss than the entire principal mount of
<br />such Bond is to be redeemed, that such Bond must be surrendered in exchange for the principal
<br />amount thereof to be redeemed and a new Bond or Bonds issued equalling in principal amount
<br />that portion of the principal amount thereof not to be redeemed, shall be mailed not less than
<br />thi~y (30) days prior to the date fixed for redemption by first class mail, posmgu prepaid, to the
<br />registered owner of such Bond at his address as it appears on the books of registry kept by the
<br />Director of Finance of the City, as the Registrar and Paying Agent for the Bonds (the
<br />"Registrar"), as of the close of business on the forty-fifth (45th) day next preceding the date
<br />freed for redemption. If notice of the redemption of any Bond shall have been given as
<br />aforesaid, and payment of the principal amount of such Bond (or the portion of the l~5ncipal
<br />amount thereof to be redeemed) and of the accrued interest and premium, if any, payable upon
<br />such redemption shall have been duly made o~ provided ~'or, interest on such Bond shall cease
<br />to accrue from and after the date so specified for the redemption thereof.
<br />
<br /> 2. The principal of and premium, if any, and interest on the Bonds shall be
<br />payable in such coin or currency of the Un/ted States of America as at the respective dates of
<br />payment is legal tender for public and private debts. The principal of and premium, if any, on
<br />the Bonds shall be payable at the office of the Registrar. The interest on the Bonds shall be paid
<br />by cheek marled by the Registrar to the registered owners of record of the Bonds as of the
<br />fifteenth (15th) day of the calendar month next preceding each interest payment date.
<br />
<br /> At ali times during winch any Bond remains outstanding and unpaid, the Registrar
<br />shall keep, or cause to be kept, at its office books of registry for the registration, exchange and
<br />transfer of the Bonds. Upon presentation at its office for such purpose, the Registrar, under
<br />such reasonable regulations as it may prescribe, shall register, exchange or transfer, or cause
<br />to be registered, exchanged or tnmsferred, on the books of registry the Bonds as herein set forth.
<br />
<br /> The books of registry shall at all times be open for inspection by the City or any
<br />duly authorized officer thereof.
<br />
<br />Any Bond may be exchanged at~.~_ ~ office of the Registrar for a like aggregam
<br />principal amount of such Bonds in other anthori~+ed principal amounts of the same interest rote
<br />and malurity. :'~i ~
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