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April 1, 1992
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<br /> The Bonds shall matare or become due and payable on Novembar 1 in each
<br />cff~tbe years 1993 to 2005, both ianlusive, in the principal amoarrts set forth opposite each
<br />such year below, with the Bonds maturing in each such year bearing inter-est at the rate per
<br />annum set forth opposite such year, as follows:
<br />
<br /> Principal Interest Principal Interest
<br />Year Amount Rate Year Amount Rate
<br />
<br />1993 $ 70,000 3.50% 2000 $ 50.000 5.75%
<br />1994 130.000 4.40 2001 1,050,000 5.90
<br />1995 135.000 5.00 2002 1,040,000 6.06
<br />1996 1,130,000 5.25 2003 1,025,000 6.10
<br />1997 1,110,000 5.50 2004 1,015,000 6.20
<br />1998 1,090.000 5.50 2005 1,055,000 6.30
<br />1999 1,065.000 5.60
<br />
<br /> The Bonds maturing on and before November 1, 2001 shall nnt be subject to
<br />redemption prior to their stated maturities. The Bonds maturing on and after November
<br />1, 2002 (or portions thereof in installments of $5,000) shall be subject to redemption at the
<br />
<br />option ~ the City prior to their stated maturities un or after November 1, 2001, in whole
<br />at any lime, or in parr from time to time on any inten~t paymunr date m any order
<br />determined by the City (except that if less than all of the Bonds of a g~vea maturity of either
<br />issue are called for redemption, the particular Bonds or portions thereof in installments of
<br />$5,000 of such maturity of such issue to be redeemed shall be selected by lot), upon paymear
<br />of the following redemption prices (expressed as a percentage of principal amount of Bonds
<br />to be redeemed), together with the interest accrued on the principal amount to be redeemed
<br />to hhe date fixed for the redemption thereof.'
<br />
<br /> Redemption Dates
<br />(Both Dates Inclusive)
<br />
<br />November 1, 2~01 to October 31, 2002
<br />November L 2~02 to October 31, 2003
<br />November 1, 2003 and thereafter
<br />
<br />Redemption PAces
<br />(Percentage
<br />of Princi,,al Amount
<br />
<br />102%
<br />101
<br />100
<br />
<br /> If any Bond (or any portion of the principal amount thereof in installments of
<br />$i000) shall be culled for redemption, notice of the redemption thereof, specifying the date,
<br />number and maturity of such Bond, the date and place or places fixed for its redemption,
<br />the premium, if any, payable upon such redemption, and if less than the entire principal
<br />amount of such Bond is to be redeemed, that such Bond must be surrendered in exchange
<br />.far the principal amount thereof to be redeemed and a new Bond or Bonds issued equalling
<br />in principal amount that portion of the principal amount thereof not to be redeemed, shall
<br />be mailed not lass than thirty (30) days prior to the date fixed for redemption by first class
<br />mail, postage prepaid, to the registered owner of such Bond at his address as it appears on
<br />the books of registry kept by the Director of Finaane of the City, as the Registrar and Paying
<br />Agent for the Bonds (the "Registrar"), as of the close of business on the forty-fifth (45th) day
<br />next preceding the date fixed for redemption. If notice of the redemption of any Bond shall
<br />have been given as aforesaid, and payment of the principal amount of such Bond (or the
<br />portion of the principal amount thereof to be redeemed) and of the accrued interest and
<br />.premium. if any, payable upon such redemption shall have been duly made or provided for,
<br />mtesest on such Bond shall cease to accrue from and after the date so specified for the
<br />redemption thereof.
<br />
<br /> 2. The principal of and premium, if any, and interest on the Bonds shall
<br />be payable in such coin or currency of the United States of America as at the respective
<br />dates of payment is legal tender for public and private debts. The principal of and premium,
<br />if any, on the Bonds shall be payable at the office of the Registrar. The interest on the
<br />Bonds shall be paid by, check mailed by the Registrar to the registered owners of record of
<br />the Bonds as of the fifteenth (15th) day of the calendar month next preceding each interest
<br />payment date.
<br />
<br /> At all times during which any Bond remains outstanding and unpaid, the
<br />Registrar shall keep, or cause to be kept, at its principal office books of registry for the
<br />registration, exchange and transfer of the Bond~ Upon presentation at its office for such
<br />purpose, the Registrar, under such reasonable regulations as it may prescribe, shall register,
<br />exchange or transfer, or cause to be registered, exchanged or transferred, on the books of
<br />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
<br />any duly authorized officer thereof.
<br />
<br /> Any Bond may be exchanged at the office of the Registrar for a like aggregate
<br />principal amount cfi such Bonds in other authorized principal amounts of the same interest
<br />rate and maturity.
<br />
<br /> Any Bond may, in 'accordance with its terms, be transferred upon the books
<br />of registry by the person in whose name it is registered, in persor; or by his drdy anthorlzed
<br />agent, upon surrendan of such Bond to the Registrar for cancellation, accompanied by a
<br />written instrument of transfer duly executed by the registered owner in person or his duly
<br />authorized agent, in form satisfactory to the Registrar.
<br />
<br /> All transfers of exchanges of Bonds shall be made without expense to the
<br />registered owners of such Bonds, except as otherwise herein provided, and except that the
<br />Registrar shall require the payment by the registered owner ~ a Bond requesting such
<br />transfer or exchange of any tax or other govemmantal charges required to be paid with
<br />respect to such transfer or exchange. All Bonds surrendered for transfer or exchange shall
<br />be: cancelled.
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<br />311
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