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THE BONDS
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<br /> General Description th 0 o M t.-M M 1 M 1 M o o Iq ;.:;v; 1 < 1 0 1 Co�W , M „
<br /> T 1 T �0,V OMI�M CI I CI-I 0P. OV "a r. I Q! I O I Co Lo Ci I Q I 10 10 I O 11
<br /> I W co M N I CI I tD Q N O)r I W I CI I t0 C/W 1 1 O I CI 11
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<br /> N ° 1 N I Q I .•- N I '� 1 v l I I v '� I N 11
<br /> The Bonds are dated as of March 1, 2002 and will mature in the years and amounts as set forth
<br /> on the cover of this Official Statement. The Bonds are issued in book entry form. Interest on 0 a 1
<br /> F- W I Qt0 st 1O N OI t0 t0 I N I 01�W 1� .- 10N I 1 Ol I M Q o� 1 01 I O OI I O+ 11
<br /> the Bonds is payable February 1, 2003 and semiannually thereafter on August 1 and L I ("Q V N Q W i,Q I W 1 L P_1n W M , r , N , r-to co I
<br />Q I M 1 n 11
<br /> O 1 t0 01 W N W M M 1O I LL'I I N r Q t0 M r Q Q O 1 1n I 10 11
<br /> February 1. Interest will be payable to the holder (initially Cede & Co.) registered on the books E ' W " " - " ' " " ' ' ' ' � ' ' ' ' ' ' ' ' ' ' ' '
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<br /> of the registrar (the "Registrar") on the fifteenth day of the calendar month next preceding such ' " ' - W W M N ' ° ' W W ° M W M ' 1n ' v ' W v , W 1
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<br /> I I I 1 I I I 1 ^ 1 11
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<br /> interest payment date. U.S. Bank, N.A., St. Paul, Minnesota will serve as Registrar for the 1 ,el' 1 1 1 1 1 1 1 I «► II
<br /> Bonds. The City will.pay for registration services. Principal of and interest on the Bonds will be _ _
<br /> "Book • Q W M M W O 1 1 W N I A 1 O I 1n 14 N I N I N M I N 11
<br /> paid as described in the section herein entitled Book Entry System. W W � N �� , O , � M , O , O , r`W N , � , � Q , �, „
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<br /> '0 C CI A.- O M I M I N O I M I 01 I A , N I N O 1 N II
<br /> O.O 7 N co N N+- M I W I A I Q 1 O I N O 1 N II
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<br /> U Q. I N I M I M I 1 I - 1 M I M 11
<br /> Optional Redemption
<br /> W I- 1n 1 O 1 M 10 1 1 I co 1 W 1 C. Q I M
<br /> The City may elect on February 1, 2010, and on any day thereafter, to prepay Bonds due on or , Q , W� , �, , 0) , �, , M M I ti
<br /> O M 10 01 I CI 1 f• 1 W I O 1 A I 01 I W O I W 11
<br /> after February 2011. Redemption may be in whole or in art and if in art at the option of the ° N - - ,
<br /> rY I P Y part P r C W co I 10 I 1O CI I Q I N I N M II
<br /> W > C co 1n W I M I Q Q I CI I Q I 1 I Q o+ I M II
<br /> City and in such manner as the City shall determine. If less than all Bonds of a maturity for an ° L ° .- , O I W I W I co , O „
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<br /> issue are called for redemption, the City will notify DTC of the particular amount of such
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<br /> maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in
<br /> M Q 10 �• I W I co t0 N I 10 I OI 1 O I O I M In 1 Q 11
<br /> such maturity to be redeemed and each participant will then select by lot the beneficial U7 W N O I N 1 W ti .- I u7 I W 1 O I O 1
<br /> W 1 W „
<br /> W N t0 N b I I Q 47 M I M I M I O I O 1 M N 1 27 11
<br /> ownership interests in such maturity to be redeemed. All prepayments shall be at a price of par ,. co ' N c ' ' - ' ' ' ' ' ' ^ ' - ' -
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<br /> W C'O M In W I O I I.-W co W 1 0 1 O I O O I O Q I Q 11
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<br /> plus accrued accrued interest. W > 0 N M I �'• I 1 I I N r I N C 11
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<br /> Book Entry System _ CI Q W M N,n 1 _° I N- W 1- I CI I O 1 1 O � 1 l;
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<br /> The Depository Trust Company ("DTC"), New York, New York, will act as securities depository W d U. W ° ^W N ' Q ' Q 0) M 1n N ' 1n ' W ' W M ' '0
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<br /> for the Obligations. The Obligations will be issued as fully-registered securities registered in the > � t•7
<br /> name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by °W L
<br /> an authorized representative of DTC. One fully-registered certificate will be issued for each Z a a
<br /> maturity of the Obligations, in the aggregate principal amount of such maturity, and will be >.W o N
<br /> deposited with DTC.
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<br /> "banking is a limited-purpose trust company organized under the New York Banking Law, a <°Z 3 L W
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<br /> banking organization within the meaning of the New York Banking Law, a member of the co W� x y t
<br /> Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform ° ^Z � o
<br /> Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A n o
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<br /> of the Securities Exchange Act of 1934. DTC holds securities that its participants ("Direct "�J m N N U N 10
<br /> " W_a S W L t/1 N > > 0 W
<br /> Participants ) deposit with DTC. DTC also facilitates the settlement among Direct Participants ix <W N ° W ° W M N O ° W
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<br /> of securities transactions such as transfers and pledges in deposited securities through LL W ' ' L �' O = N > W
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<br /> electronic computerized book-entry changes in Direct Participants' accounts thereby ° W >co N 4J N�- _ to
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<br /> eliminating the need for physical movement of securities certificates. Direct Participants _ Z I- *)- _ _ W m ` W t L ° r }
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<br /> ("Direct Participants") include securities brokers and dealers, banks, trust companies, clearing 1 < ir 4J E W 4j L W O W E V N ° 0) to LL °
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<br /> corporations, and certain other organizations. DTC is owned by a number of its Direct W W W to W° L = W ° L J C W ° W ° E ° L W
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<br /> Participants and by the New York Stock Exchange the American Stock Exchange LLC; ° N ` ` L LL W > -" W X " -"'"
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<br /> an the National Association of Securities Dealers, Inc. Access to the DTC system is also m W O N W E 0 1- W W W ° - W W ° to W _W
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<br /> available to others such as securities brokers and dealers, banks, and trust companies that ° LL W ° W W L W W co O W Y- L ° N ° ° O N L m
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<br /> clear through or maintain a custodial relationship with a Direct Participant, either directly or W W nr =r C 45 W W = = W W W E W W L L L W O
<br /> f7 rn J N U LL►r O w�a n.a U°►r W O W y li ti
<br /> indirectly ("Indirect Participants"). The Rules applicable to DTC and its Direct and Indirect Cr
<br /> Participants are on file with the Securities and Exchange Commission.
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