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<br /> MATURITY DATE: MARCH 15
<br /> INTEREST INTEREST
<br />YEAR AMOUNTS RATES YEAR AMOUNTS RATES
<br />1992 $75,000 8.50% 2002 $75,000 7.00%
<br />1993 75,000 8.50% 2003 75,000 7.00%
<br />1994 75,000 8.50% 2004 75,000 7.00%
<br />1995 75,000 8.50% 2005 75,000 7.00%
<br />1996 75,000 8.50% 2006 75,000 7.25%
<br />1997 75,000 8.50% 2007 75,000 7.25%
<br />1998 75,000 8.50% 2008 75,000 7.25%
<br />1999 75,000 8.50% 2009 75,000 7.25%
<br />2000 75,000 8.00% 2010 75,000 7.25%
<br />2001 75,000 7.00% 2011 75,000 7.25%
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<br />Interest shall be payable March 15, 1991, and semiannually thereafter on September 15 and
<br />March 15. Said interest shall be payable to the registered owner of any such Bond in the man-
<br />ner provided in the FORM OF BONDS set forth in this Ordinance.
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<br />Section 3. RIGHT OF PRIOR REDEMPTION. The City reserves the right to redeem the
<br />Bonds maturing on or after March 15, 2002, in whole or in part in principal amounts of $5,000
<br />or any integral multiple thereof, on March 15, 2001, or any date thereafter, at the par value
<br />thereof plus accrued interest to the date fixed for redemption. If less than all of the Bonds are
<br />to be redeemed by the City, the City shall determine the maturity or maturities and the amounts
<br />thereof to be redeemed and shall direct the Paying AgentlRegistrar to call Bonds, or portions
<br />thereof, within such maturity or maturities and in such principal amounts, for redemption.
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<br />Notice of any such redemption shall be given as described in the FORM OF BOND in
<br />Section 5 hereof. If such notice of redemption is given, and if due provision for such payment is
<br />made, the Bonds, or the portions thereof which are to be so redeemed, thereby automatically
<br />shall be redeemed prior to their scheduled maturities, and shall not bear interest after the date
<br />fIXed for their redemption, and shall not be regarded as being outstanding except for the right of
<br />the registered owner to receive the redemption price plus accrued interest to the date fIXed for
<br />redemption from the Paying Agent/Registrar out of the funds provided for such payment. The
<br />Paying Agent/Registrar shall record in the Registration Books all such redemptions of principal of
<br />the Bonds or any portion thereof. If a portion of any Bond shall be redeemed a substitute Bond
<br />or Bonds having the same maturity date, bearing interest at the same rate, in any denomination
<br />or denominations in any integral multiple of $5,000, at the written request of the registered owner,
<br />and in an aggregate principal amount equal to the unreserved portion thereof, will be issued to the
<br />registered owner upon the surrender thereof for cancellation, at the expense of the City all as
<br />provided in this Ordinance.
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<br />Section 4. PAYING AGENT/REGISTRAR. (a) The City shall keep or cause to be kept
<br />at the principal corporate trust office of the Paying Agent/Registrar herein named, or such other
<br />bank, trust company, financial institution, or other entity duly qualified and legally authorized to
<br />serve and perform duties of and services of Paying AgentlRegistrar, named in accordance with
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