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Chapter 475 and Section 469.1814. For the full and prompt payment of the principal of and interest on the
<br />Bonds as the same become due, the full faith, credit and taxing power of the City have been and are hereby
<br />irrevocably pledged. The Bonds are issuable only in fully registered form, in the denomination of $5,000
<br />or any integral multiple thereof, of single maturities.
<br />Bonds maturing on February 1, 2029, and later years shall be subject to redemption and prepayment
<br />at the option of the City, in whole or in part, in such order of maturity dates as the City may select and,
<br />within a maturity, by lot as selected by the Registrar (or, if applicable, by the Bond depository in accordance
<br />with its customary procedures) in multiples of $5,000, on February 1, 2028, and on any date thereafter, at
<br />a price equal to the principal amount thereof and accrued 'interest to the date of redemption. The City shall
<br />cause notice of the call for redemption thereof to be published if and to the extent required by law, and at
<br />least thirty (30) and not more than sixty (60) days prior to the designated redemption date, shall cause notice
<br />of call for redemption to be mailed, by first class mail (or, if applicable, provided in accordance with the
<br />operational arrangements of the securities depository), to the registered holders of any Bonds, at the holders'
<br />addresses as they appear on the Bond register maintained by the Bond Registrar, but no defect in or failure
<br />to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any
<br />Bond not affected by such defect or failure. Official notice of redemption having been given as aforesaid,
<br />the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable
<br />at the redemption price therein specified and from and after such date (unless the City shall default in the
<br />payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial
<br />redemption of any Bond, a new Bond or Bonds will be delivered to the owner without charge, representing
<br />the remaining principal amount outstanding.
<br />Bonds maturing in the years 2030, 2033, and 2035 shall be subject to mandatory redemption, at a
<br />redemption price equal to their principal amount plus interest accrued thereon to the redemption date,
<br />without premium, on February 1 in each of the years shown below, in an amount equal to the following
<br />principal amounts:
<br />Term Bonds Maturing in 2030 Term Bonds Maturing in 2033
<br />Sinking Fund Aggregate
<br />Payment Date Principal Amount
<br />2028
<br />2029
<br />2030 (final maturity)
<br />75,000
<br />80,000
<br />80,000
<br />Sinking Fund Aggregate
<br />Payment Date Principal Amount
<br />2031
<br />2032
<br />2033 (final maturity)
<br />Term Bonds Maturing in 2035
<br />Sinking Fund Aggregate
<br />Payment Date Principal Amount
<br />2034 $90,000
<br />2035 (final maturity) 95,000
<br />85,000
<br />85,000
<br />90,000
<br />Notice of redemption shall be given as provided in the preceding paragraph.
<br />As provided in the Resolution and subject to certain limitations set forth therein, this Bond is
<br />transferable upon the books of the City at the principal office of the Registrar, by the registered owner
<br />hereof in person or by the owner's attorney duly authorized in writing upon surrender hereof together with
<br />B-2
<br />4837-9618-8312\5
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