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Maturities-, Interest Rates; Denominations ons and Payment. The Bonds shall be
<br />originally dated as of October 1, 2013, shall be in the denomination of $5,000 each, or any
<br />integral multiple thereof, of single maturities, shall mature on July 15 in the years and amounts
<br />stated below, and shall bear interest from date of issue until paid or duly called for redemption, at
<br />the annual rates set forth opposite such years and amounts, as follows:
<br />Year
<br />Amount
<br />Rate
<br />Year
<br />Amount
<br />Rate
<br />2014
<br />$220,000
<br />2.00%
<br />2023
<br />$300,000
<br />3.00%
<br />2015
<br />305,000
<br />2.00
<br />2024
<br />300,000
<br />3.00
<br />2016
<br />310,000
<br />2.00
<br />2025
<br />300,000
<br />3.00
<br />2017
<br />310,000
<br />2.00
<br />2026
<br />305,000
<br />3.05
<br />2018
<br />320,000
<br />2.00
<br />2027
<br />310,000
<br />3.50
<br />201.9
<br />320,000
<br />2.00
<br />2028
<br />315,000
<br />3.75
<br />2020
<br />325,000
<br />2.00
<br />2030
<br />395,000
<br />4.00
<br />2021
<br />325,000
<br />2.20
<br />2033
<br />625,000
<br />4.00
<br />2022
<br />330,000
<br />2.35
<br />The Bonds shall be issuable only in fully registered form.. The interest thereon and, upon
<br />surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by
<br />the Registrar described herein, provided that so long as the Bonds are registered in the name of a
<br />securities depository, or a nominee thereof, in accordance with Section 2.08 hereof, principal and
<br />interest shall be payable in accordance with the operational arrangements of the securities
<br />depository.
<br />2.03. Dates and Interest Payment Dates. Upon initial delivery of the Bonds pursuant to
<br />Section 2.07 and upon any subsequent transfer or exchange pursuant to Section 2.06, the date of
<br />authentication shall be noted on each Bond so delivered, exchanged or transferred. Interest on
<br />the Bonds shall be payable on January 15 and July 1.5 in each year, commencing July 15, 2014,
<br />each such date being referred to herein as an Interest Payment Date, to the persons in whose
<br />names the Bonds are registered on the Bond Register, as hereinafter defined, at the Registrar's
<br />close of business on the first day of the calendar month in which the Interest Payment Date falls,
<br />whether or not such day is a business day. Interest shall be computed on the basis of a 360 -day
<br />year composed of twelve 30 -day months.
<br />2.04. Redemption. Bonds maturing in 2022 and later years shall be subject to
<br />redemption and prepayment at the option of the City, in whole or in part, in such order of
<br />maturity dates as the City may select and, within a maturity, by lot as selected by the Registrar
<br />(or, if applicable, by the bond depository in accordance with its customary procedures) in
<br />integral multiples of $5,000, on July 15, 2021, and on any date thereafter, at a price equal to the
<br />principal amount thereof and accrued interest to the date of redemption. The City Administrator
<br />shall cause notice of the call for redemption thereof to be published if and as required by law,
<br />and at least thirty (30) and not more than sixty (60) days prior to the designated redemption date,
<br />shall cause notice of call for redemption to be mailed, by first class mail, to the Registrar and
<br />registered holders of any Bonds to be redeemed at their addresses as they appear on the Bond
<br />Register described in Section 2.06 hereof, provided that notice shall be given to any securities
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