2004-163 Council Resolution - Laserfiche WebLink

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• • Term Bonds due February 1, 2016 in the aggregate principal amount of $100,000. Term Bonds due February 1, 2018 in the aggregate principal amount of $110,000. Term Bonds due February 1, 2020 in the aggregate principal amount of $120,000. 1.03. Optional Redemption. The City may elect on February 1, 2010, and on any day thereafter to prepay Bonds due on or after February 1, 2011. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Section 6 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. 1.04. Mandatory Redemption. The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and in the principal amounts as follows: Sinking Fund Installment Date Principal Amount February 1, 2016 Tenn Bonds 2015 $ 95,000 2016 (maturity) 95,000 2018 Term Bonds 2017 $100,000 2018 (maturity) 105,000 2020 Term Bonds 2019 $110,000 2020 (maturity) 115,000 The specific Term Bonds to be redeemed will be selected by lot by the Registrar. All prepayments will be at a price of par plus accrued interest. Section 2. Form; Registration. 2.01. Registered Form. The Bonds will be issuable only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof will be payable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or SJB- 254637v1 LN140 -88