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O-1988-1595
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O-1988-1595
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Last modified
11/2/2016 3:38:46 PM
Creation date
10/24/2006 3:58:05 PM
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Legislative Records
Legislative Type
Ordinance
Date
8/8/1988
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<br />-. <br /> <br />e <br /> <br />Year of Principal Interest <br />Maturity Amount Rate <br />1991 $ 80,000 4.95% <br />1992 85,000 5.15% <br />1993 90,000 5.35% <br />1994 95,000 5.55% <br />1995 105,000 5.75% <br />1996 110,000 5.95% <br />1997 120,000 6.10% <br />1998 125,000 6.25% <br />1999 135,000 6.40% <br />2000 145,000 6.50% <br />2001 155,000 6.60% <br />2002 165,000 6.70% <br />2003 180,000 6.80% <br />2004 190,000 6.85% <br />2005 205,000 6.90% <br />2006 220,000 6.95% <br />2007 235,000 6.95% <br />2008 250.,000 6.95% <br />2009 265,000 6.95% <br />2010 285,000 7.00% <br />2011 305,000 7.00% <br />2012 330,000 7.00% <br />2013 350,000 7.05% <br />2014 375,000 7.05% <br />2015 400,000 7.05% <br /> <br />The principal of the Bonds shall be payable, without exchange <br />or collection charges, in any coin or currency of the United <br />States of America which, on the'date of payment thereof, is <br />legal tender for the payment of debts due the United States <br />of America, upon their presentation and surrender as they <br />becorne due or at their earlier redemption date, if any, at <br />the principal office of the Paying Agent/Registrar. <br /> <br />2.04. Redemption of Bonds. The Authority reserves <br />the right to redeem, in whole or from time to time in part, <br />all of the Bonds on December 1, 1998, or any interest <br />payment date thereafter, by paying the principal thereof and <br />accrued interest thereon. The Authority shall, at least 45 <br />days prior to the date fixed for redemption (unless a <br />shorter notice shall be satisfactory to the Paying <br />Agent/Registrar), notify the Paying Agent/Registrar of such <br />date and, if less than all of the Bonds within any maturity <br />are to be redeemed, the particular Bonds within each maturity <br />to be redeemed. The registered owner of any Bond, all or a <br /> <br />022DESAO/024C04 <br /> <br />-6- <br />
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