07-029 - Laserfiche WebLink

Home Browse Search

If any Terms visions of this Terms of Proposal conflict with information provided by PARITY®, this f Proposal shall control. Further information about PARITY®, including any fee may be obtained from: 1359 Broadway, 2°d Floor, New York, New York 10018 Support: (212) 849-5000 DETAILS OF THE BONDS The Bo ds will be dated June 1, 2007, as the date of original issue, and will bear interest payable on Fe 1 and August 1 of each year, commencing February 1, 2008. Interest will be comnu don the basis of a 360-day year of twelve 30-day months. The Bo~ds will mature February 1 in the years and amounts as follows: 2009 50,000 2012 $40,000 2015 $40,000 2018 $45,000 2010 35,000 2013 $40,000 2016 $40,000 2019 $45,000 2011 35,000 2014 $40,000 2017 $45,000 Propos s for the Bonds may contain a maturity schedule providing for a combination of serial bonds d term bonds. All term bonds shall be subject to mandatory sinking fund redemption at a price f par plus accrued interest to the date of redemption and must conform to the maturity schedu set Earth above. In order to designate term bonds, the proposal must specify "Years of Term aturities" in the spaces provided on the Proposal Form. BOOK ENTRY SYSTEM The B ds will be issued by means of a book entry system with no physical distribution of Bonds ode to the public. The Bonds will be issued in fully registered form and one Bond, repres ting the aggregate principal amount of the Bonds maturing in each year, will be registe din the name of Cede & Co. as nominee of The Depositary Trust Company ("DTC"), New rk, New Yark, which will act as securities depository of the Bonds. Individual porch s of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a s gle maturity through book entries made on the books and records of DTC and its partici ts. Principal and intexest are payable by the registrar to DTC or its nominee as registe downer of the Bonds. Txansfer of principal and interest payments to participants of DTC 11 be the responsibility of DTC; transfer of principal and interest payments to beneficial owner by participants will be the responsibility of such participants and other nominees of benefi al owners. The purchaser, as a condition of delivery of the Bonds, will be required to denosi a Bonds with DTC. REGISTRAR The C~~ will name the registrar, which shall be subject to applicable SEC regulations. The City will p for the services of the registrar.