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, , 1 I,' ',1 Year Amount Year Amount 2006 $95,000 2011 $145,000 2007 $85,000 2012 $145,000 2008 $60,000 2013 $150,000 2009 $130,000 2014 $155,000 2010 $140,000 2015 $160,000 .04. Optional Redemption. The City may elect on February 1, 2012, and on any day ereafter to prepay Bonds due on or after February 1, 2013. Redemption may be in hole or in part and if in part, at the option of the City and in such manner as the City ill determine. If less than all Bonds of a maturity are called for redemption, the City ill notify DTC (as defmed in Section 7 hereof) of the particular amount of such maturity o be prepaid. DTe will determine by lot the amount of each participant's interest in such aturity to be redeemed and each participant will then select by lot the beneficial wnership interests in such maturity to be redeemed. Prepayments will be at a price of ar plus accrued interest. 1.05. Term Bonds. To be completed ifTenn Bonds are requested by the Purchaser. Registration and Payment. .01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is ayable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, conunencing August 1, 2005, to the registered owners of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration. The City will appoint a bond registrar, transfer agent, authenticating agent and paying agent (Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. SJB-252 7v! NE136- I I" 1