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• <br />• <br />• <br />Year Amount Year Amount <br />2016* $120,000 2022* $125,000 <br />2018* 120,000 2024* 130,000 <br />2020* 120,000 <br />* Term Bonds <br />1.05. Optional Redemption. The Bonds are not subject to optional redemption prior to <br />maturity. <br />1.06. Term Bonds; Mandatory Redemption. The Bonds maturing on February 1, 2016, <br />February 1, 2018, February 1, 2020, February 1, 2022, and February 1, 2024 shall hereinafter be referred <br />to collectively as the "Term Bonds." The principal amounts of the Term Bonds subject to mandatory <br />sinking fund redemption on any date may be reduced through earlier optional redemptions, with any <br />partial redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of <br />such Term Bonds in such order as the City shall determine. The Term Bonds are subject to mandatory <br />sinking fund redemption and shall be redeemed in part by lot at par plus accrued interest on the sinking <br />fund installment dates and in the principal amounts as follows: <br />Sinking Fund Installment Date Principal Amount <br />February 1, 2016 Term Bonds <br />2015 <br />2016 (maturity) <br />February 1, 2018 Term Bonds <br />2017 <br />2018 (maturity) <br />February 1, 2020 Term Bonds <br />2019 <br />2020 (maturity) <br />February 1, 2022 Term Bonds <br />2021 <br />2022 (maturity) <br />February 1, 2024 Term Bonds <br />2023 <br />2024 (maturity) <br />Section 2. Registration and Payment. <br />$60,000 <br />60,000 <br />$60,000 <br />60,000 <br />$60,000 <br />60,000 <br />$60,000 <br />65,000 <br />$65,000 <br />65,000 <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. <br />2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment <br />date preceding the date of authentication to which interest on the Bond has been paid or made available <br />426203v2 SJB LN140 -110 <br />3 <br />