Laserfiche WebLink
<br />539895v2 JAE LN140-118 4 <br />2027 <br /> <br /> 1.05. Optional Redemption. The City may elect on February 1, 2028, and on any day thereafter to <br />prepay Bonds due on or after February 1, 2029. Redemption may be in whole or in part and if in part, at the <br />option of the City and in such manner as the City will determine If less than all Bonds of a maturity are called <br />for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular amount of such <br />maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to <br />be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to <br />be redeemed. Prepayments will be at a price of par plus accrued interest. <br /> <br /> [1.06. Mandatory Redemption; Term Bonds. TO BE COMPLETED IF TERM BONDS ARE <br />REQUESTED: The Bonds maturing on February 1, 20___, February 1, 20___, and February 1, 20___ shall <br />hereinafter be referred to collectively as the “Term Bonds.” The principal amount of the Term Bonds subject <br />to mandatory sinking fund redemption on any date may be reduced through earlier optional redemptions, with <br />any partial redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of such <br />Term Bonds in such order as the City shall determine. The Term Bonds are subject to mandatory sinking fund <br />redemption and shall be redeemed in part at par plus accrued interest on February 1 of the following years and <br />in the principal amounts as follows:] <br /> <br />Sinking Fund Installment Date <br /> <br />February 1, 20___ Term Bond Principal Amount <br /> <br /> <br /> ____________________ <br /> * Maturity <br /> <br />February 1, 20___ Term Bond Principal Amount <br /> <br /> <br /> ____________________ <br /> * Maturity <br /> <br />February 1, 20___ Term Bond Principal Amount <br /> <br /> <br /> ____________________ <br /> * Maturity <br /> <br />Section 2. Registration and Payment. <br /> <br /> 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon <br />and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the <br />Registrar described herein. <br /> <br /> 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date <br />preceding the date of authentication to which interest on the Bond has been paid or made available for payment, <br />unless (i) the date of authentication is an interest payment date to which interest has been paid or made available <br />for payment, in which case the Bond will be dated as of the date of authentication; or (ii) the date of <br />authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of <br />original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing