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86-081
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86-081
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8/9/2005 11:39:12 AM
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<br />Owner appear on the registration books of the City main- <br />tained for the Bonds by the Bond Registrar (the "Bond Regis- <br />ter") at the end of the 15th day of the month prior to such <br />Interest Payment Date. <br /> <br />(If provisions of the Bonds are to be printed on the reverse <br />side thereof, the face of the Bonds shall contain the fore- <br />going provisions, the last two paragraphs of the Bonds, the <br />signatures of the Ci ty off icials executing the Bonds, and <br />the seal of the City (if the same is to be printed on the <br />Bonds), and the following paragraph shall be inserted on the <br />face of the Bonds immediately preceding the above-mentioned <br />final two paragraphs: <br /> <br />REFERENCE IS HEREBY MADE TO THE ADDITIONAL PROVISIONS OF <br />THIS BOND WHICH ARE SET FORTH ON THE REVERSE SIDE HEREOF.) <br /> <br />All Bonds of this issue maturing after February 1, 1994, <br />are subject to redemption at the option of the City in in- <br />verse order of maturities on said date and on any Interest <br />Payment Date thereafter at a price of par plus accrued in- <br />terest to date of redemption. If the City elects to prepay <br />a princpal amount of Bonds which results in not all of the <br />principal amount of Bonds of the same maturity being called <br />for prepayment, (a) the Bond Registrar shall assign a <br />separate number to each $5,000 multiple of each Bond of that <br />maturity, shall select the appropriate prepayment amount by <br />lot therefrom, and shall authenticate and deliver to each <br />Registered Owner of a Bond partially prepaid thereby a new <br />Bond in the principal amount not so prepaid, (b) the <br />pr incipal amount of such matur i ty which is not subject to <br />mandatory sinking fund redemption shall be reduced to the <br />extent of the principal amount of such optional redemption, <br />and (c) the mandatory sinking fund redemption amounts <br />applicable to that maturity shall be reduced in inverse <br />order of the redemption dates thereof to the extent of the <br />difference between the total principal amount of such <br />optional redemption of that maturity and the amount of that <br />maturity which is not subject to mandatory sinking fund <br />redempt ion. Not ice of any pr ior redempt ion of thi s Bond <br />shall be given in the manner required by law and shall be <br />mailed to the Registered Owner no less than 15 days prior to <br />the date of redemption. <br /> <br />All Bonds ma tur ing on February 1, 1991, are subject to <br />mandatory sinking fund redemption by the City on February 1 <br />in the years and amounts as follows, respectively: <br /> <br />Year <br /> <br />Amount <br /> <br />1988 <br />1989 <br />1990 <br /> <br />$100,000 <br />100,000 <br />100,000 <br /> <br />- B - <br />
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