Laserfiche WebLink
proper operation of, or have any liability for any delays or interruptions of or any damages <br />caused by the services of PARITY®. The City is using the services of Psolely as a <br />communication mechanism to conduct the electronic bidding for the Bonds, and PARITY® is not <br />an agent of the City. <br />If any provisions of this Terms of Proposal conflict with information rovided by PARITY*, this <br />Terns of Proposal shall control. Further information about P, including any fee <br />charged, may be obtained from: <br />PARITY', 40 West 23" a Street, 5" Floor, New York City, New York 10010, Customer <br />Support, (212) 404-8102. <br />DETAILS OF THE BONDS <br />The Bonds will be dated July 1, 2004, as the date of original issue, and will bear interest payable <br />on February 1 and August 1 of each year, commencing February 1, 2005. Interest will be <br />computed on the basis of a 360 -day year of twelve 30 -day months. <br />The Bonds will mature February 1 in the years and amounts as follows: <br />2006 $140,000 <br />2007 $140,000 <br />2008 $145,000 <br />2009 $145,000 <br />2010 $150,000 <br />2011 $155,000 <br />2012 $160,000 <br />2013 $165,000 <br />2014 $170,000 <br />2015 $180,000 <br />2016 $185,000 <br />2017 $195,000 <br />2018 $200,000 <br />2019 $210,000 <br />2020 $220,000 <br />Proposals for the Bonds may contain a maturity schedule providing for a combination of serial <br />bonds and term bonds. All term bonds shall be subject to mandatory sinking fund redemption <br />and must conform to the maturity schedule set forth above at a price of par plus accrued interest <br />to the date of redemption. In order to designate term bonds, the proposal must specify "Years of <br />Term Maturities" in the spaces provided on the Proposal Form. <br />BOOK ENTRY SYSTEM <br />The Bonds will be issued by means of a book entry system with no physical distribution of <br />Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, <br />representing the aggregate principal amount of the Bonds maturing in each year, will be <br />registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), <br />New York, New York, which will act as securities depository of the Bonds. Individual <br />I637436A A-2 <br />