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M~rch 24. 19~3
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<br /> year oelow, with toe ~onas matonng in each such Fear bearing interest at the ram per
<br />annum set forth opposite such year, as follows:
<br />
<br /> P~incipal Interest Principal . Interest
<br />Yeast ~anonnt Rate Year Amount Rate
<br />
<br />1994 $ 695,900 3.00% 2003 $2,260,000 5.10%
<br />1995 695,000 3.60 2004 2,265,000 5.25
<br />1996 695,000 3.90 2005 2,240,000 5.35
<br />1997 700,000 4.25 2006 2,215,000 5.40
<br />1998 1,980,000 4.35 2007 2,195,000 5.45
<br />1999 2,085,000 4.50 2008 2,175,000 5.45
<br />2000 2,965,000 4.75 2009 2,145,000 5.45
<br />200t 3T310,000 4.85 2013 4,655,000 5.50
<br />2002 3,345,000 5.00
<br />
<br /> ~he Bonds maturing on and before August 1, 2003 shall not be subject to
<br />(gl' tx~a~ons ~ m m~tallments of $5,000) shall be su~ ~ mdemptaon at th~ open of the
<br />Ci~ prior to ..their stated maturities on or after August 1, 2003, in whole at any time, or in paax
<br />from time to time on any interest payment date in any order determined by the City (except that
<br />if less than ali of the Bonds of a given mamaSty are called for redemption, the paxticulai Bonds
<br />or portions the~f in installments of $5,000 of such maturity to be redeemed shall be selected
<br />by lot), upon p~.Yment of the following redemption prices (expressed as a percentage of principal
<br />amount of Bonds to be redeemed), together with the interest accrued on the principal amount
<br />m be redeemed to the date fixed for the redemption thereof:
<br />
<br /> Redemption Dates
<br />(Both Dates Inclusive)
<br />
<br />Redemption Prices
<br />CPercentage
<br />of Principal Amount)
<br />
<br />August. [, 2003 to July 31, 2004 102%
<br />August [, 2004 to July 31,
<br /> 2005
<br /> 101
<br />August l, 2005 and thereafter 100
<br />
<br /> The Bonds maturing on August I, 2013 shall be subject to mandatory sinking fund
<br />redemotion on August 1, 2010 and on August 1 of each year thereafter to maturity in the
<br />pl~nc~al mourns in each year set forth below, with the particular Bond or Bonds or portions
<br />~f 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 amount
<br />to be redeemed to the date f'med for the redemption thereof:
<br />
<br />(Au~ast 1'} Principal Amount
<br />
<br />2010 $2,120,000
<br />2011 2,095,000
<br />2012 300,000
<br />2013' 140,000
<br />
<br />~he City, at ita option, may credit against such mandatory sinking fund redemption requiremenh
<br />e principal a~nonnt of any Bonds maturing on August 1, 2013 which have been purchased and
<br />cancelled by the City or which have been redeeaned and not theretofore applied aa a credit
<br />against such mandatory sinking fund redemption requirement.
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