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[Reverse of the Bonds] <br /> This Bond is one of a series in the total principal amount of $940,000, <br /> all of like date and tenor except as to interest rate, serial number, denomination, <br /> redemption privilege and maturity date, which Bonds have been issued for the <br /> purpose of providing money to construct a new municipal liquor store to replace an <br /> existing municipal liquor store. Said Bonds and the interest thereon are payable <br /> solely and exclusively from the net revenues of the municipal liquor enterprise of <br /> the City pledged to the payment thereof and do not constitute a debt of the City <br /> within the meaning of any constitutional or statutory limitation of indebtedness, <br /> and the full faith and credit and taxing power of the City are not pledged to the <br /> payment of the principal of or interest on the Bonds. Additional revenue <br /> obligations may be issued on a parity of lien upon the net revenues of the municipal <br /> liquor enterprise with the Bonds of this issue as provided in Resolution No. 97-039 <br /> adopted July 22, 1997 by the City Council (the "Resolution"). The Bonds are issuable <br /> only as fully registered bonds, in denominations of $5,000 or any multiple thereof, of <br /> single maturities. <br /> Bonds maturing in the years 1999 through 2007 are payable on their <br /> respective stated maturity dates without option of prior payment, but Bonds having <br /> stated maturity dates in 2008 and later years are each subject to redemption and <br /> prepayment, at the option of the City and in whole or in part, and if in part, in the <br /> • maturities selected by the City and, within a maturity, in $5,000 principal amounts <br /> selected by lot, on January 1, 2007 and on any date thereafter, at a price equal to the <br /> principal amount thereof to be redeemed plus accrued interest to the date of <br /> redemption. <br /> Bonds maturing on January 1, 2004 shall be subject to mandatory <br /> redemption prior to their stated maturity in part by lot on January 1 in the following <br /> years and principal amounts at a price equal to the principal amount thereof to be <br /> redeemed plus accrued interest to the date of redemption: <br /> Year Principal Amount <br /> 2001 $50,000 <br /> 2002 55,000 <br /> 2003 55,000 <br /> 2004 (final maturity) 60,000 <br /> Bonds maturing on January 1, 2007 shall be subject to mandatory <br /> redemption prior to their stated maturity in part by lot on January 1 in the following <br /> years and principal amounts at a price equal to the principal amount thereof to be <br /> redeemed plus accrued interest to the date of redemption: <br /> -5- <br />