O-2010-3231 Certificates of Obligation Series 2010 and General Obligation Refunding Bonds

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prior to the date fixed for payment of such past due interest, and. notice of the date of payment and the Special Record Date shall be sent by United States mail, first class, postage prepaid, not later than five (5) days prior to the Special Record Date, to each affected Registered Owner as of the close of business on the day prior to mailing of such notice. Section 3.3: Numbers, Denomination, Interest Rates and Maturities. The Certificates shall be initially issued bearing the numbers, in the principal amounts and bearing interest at the rates set forth in the following schedule, and may be transferred and exchanged as set out in this Ordinance. The Certificates shall mature on March 15 in each of the years and in the amounts set out in such schedule. Certificates delivered in transfer of or in exchange for other Certificates shall be numbered in order of their authentication by the Paying Agent/Registrar, shall be in the denomination of $5,000 or integral multiples thereof and shall mature on the same date and bear interest at the same rate as the Certificate or Certificates in lieu of which they are delivered. Certificate Year of Principal Interest Number Maturity Amount Rate R-1 2012 $325,000 3.000% R-2 2013 335,000 3.000 R-3 2014 345,000 3.000 R-4 2015 355,000 3.000 R-5 2016 370,000 3.000 R-6 2017 380,000 3.000 R-7 2018 395,000 4.000 R-8 2019 410,000 4.000 R-9 2020 425,000 4.000 R-10 2021 445,000 4.000 R-11 2022 460,000 3.625 R-12 2023 475,000 3.750 R-13 2024 495,000 3.875 R-14 2025 515,000 4.000 R-15 2026 535,000 4.000 Section 3.4: Redemption Prior to Maturity. (a) The Certificates maturing on and after March 15, 2021, are subject to redemption prior to maturity, at the option of the City, in whole or in part, on March 15, 2020, or any date - thereafter, at par plus accrued interest to the date fixed for redemption. (b) Certificates may be redeemed in part only in integral multiples of $5,000. If a .� Certificate subject to redemption is in a denomination larger than $5,000, a portion of such Certificate may be redeemed, but only in integral multiples of $5,000. In selecting portions of Certificates for redemption, each Certificate shall be treated as representing that number of Certificates of $5,000 denomination which is obtained by dividing the principal amount of such Certificate by $5,000. Upon presentation and surrender of any Certificate for redemption in part, the Paying Agent/Registrar, in accordance with the provisions of this Ordinance, shall II HOU:3009660.5