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3 <br />July 8, 2020, in the denomination of $5,000 each or any integral multiple thereof, numbered No. R-1, <br />upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts <br />as follows: <br /> <br />Year Amount Year Amount <br /> <br />2021 $ 2029 $ <br />2022 2030 <br />2023 2031 <br />2024 2032 <br />2025 2033 <br />2026 2034 <br />2027 2035 <br />2028 <br /> <br />1.05. Optional Redemption. The City may elect on February 1, 2029, and on any date thereafter <br />to prepay Bonds due on or after February 1, 2030. Redemption may be in whole or in part and if in part, at <br />the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are <br />called for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular amount of <br />such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such <br />maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such <br />maturity to 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___ and February 1, 20___ shall hereinafter be <br />referred to collectively as the “Term Bonds.” The principal amount of the Term Bonds subject to mandatory <br />sinking fund redemption on any date may be reduced through earlier optional redemptions, with any partial <br />redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of such Term <br />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 <br />and 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 /> Section 2. Registration and Payment. <br /> <br /> 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest <br />thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft <br />issued by the Registrar described herein.