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Ii , ~ , ^, tj il . . i II mechanism to. conduct the electronic bidding for the Bonds, and PARITY@ is not an ;1 agent of the CIty. I, If any provisions of this Terms of Proposal conflict with information provided by il PARITY@, this Terms of Proposal shall control. Further information about PARITY@, i! including any fee charged, may be obtained from: ii illl PARITY@,40West23rdStreet,5thFloor,NewYorkCity,New York 10010, Customer I Support, (212) 404-8102. Ii 11 Ii I: Ii The Bonds will be dated October 1, 2004, as the date of original issue, and will bear II interest payable on February 1 and August 1 of each year, commencing August 1, 2005. Ii Interest will be computed on the basis of a 360-day year of twelve 30-day months. /! Ii The Bonds will mature February 1 in the years and amounts as follows: Ii 1006 $95,000 007 $85,000 , 008 $60,000 009 $130,000 DETAILS OF THE BONDS 2010 $140,000 2011 $145,000 2012 $145,000 2013 $150,000 2014 $155,000 2015 $160,000 !! Proposals for the Bonds may contain a maturity schedule providing for a combination of II serial bonds and term bonds. All term bonds shall be subject to mandatory sinking fund ! I redemption and must conform to the maturity schedule set forth above at a price of par Ii plus accrued interest to the date of redemption. In order to designate term bonds, the ill' proposal must specify "Years of Term Maturities" in the spaces provided on the Proposal : Form. i, " 11 1\ ii i! !i The Bonds will be issued by means of a book entry system with no physical distribution II of Bonds made to the public. The Bonds will be issued in fully registered form and one !I Bond, representing the aggregate principal amount of the Bonds maturing in each year, ! will be registered in the name of Cede & Co. as nominee of The Depository Trust i Company ("DTC"), New York, New York, which will act as securities depository of the IIBonds. Individual purchases of the Bonds may be made in the principal amount of il $5,000 or any multiple thereof of a single maturity through book entries made on the i: books and records of DTC and its participants. Principal and interest are payable by the ilregistrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal II and interest payments to participants of DTC will be the responsibility of DTC; transfer !Iof principal and interest payments to beneficial owners by participants will be the i!responsibility of such participants and other nominees of beneficial owners. The jlpurchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds ,Iwith DTC. I: i! II I' II " II II BOOK ENTRY SYSTEM REGISTRAR