O-1984-1398 - Laserfiche WebLink

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.. ... e . I I . e 2.03. Interest, Maturity and Payment. The Bonds shall bear .interest (computed on the basis of a 360-day year of twelve 30..day months) from the later of the Initial Date, or the most recent date to which interest has been paid or duly provided for, payable August 15, 1984, and each February 15 and August 15 thereafter until the principal sum is paid in full. Payment of 'interest shall be made to the registered owner of each Bond as shown on the Bond Register provided for in Section 2.05 hereof as of the last business day of the calendar month next preceding the interest payment date by check or draft mailed by the Paying Agent/Registrar to the address of each such owner as it appears on such Bond Register on the date aforesaid. The Bonds shall mature and become payable, sUbject to prior redemption in accordance with the provisions of Section 2.04 hereof, on February 15 in each of the years and in the principal amount set forth in the schedule below, and shall bear interest at the respec- tive rates per annum set forth opposite the year of maturity in said schedule, to-wit: Year of Principal Interest Maturity Amount Rate 1985 $150,000 ~ 1986 150,000 _% 1987 150,000 % _0 1988 150,000 ~ 1989 150,000 ~ 1990 150,000 % _0 1991 175,000 ~ 1992 175,000 % _0 1993 175,000 _% 1994 175,000 _% 1995 175,000 % _0 1996 175,000 _% 1997 175,000 _% 1998 175,000 _% 1999 175,000 _% 2000 175,000 % _0 2001 175,000 _% 2002 175,000 % _0 2003 175,000 ~ 2004 175,000 _% The principal of the Bonds shall be payable, without exchange or collection charges, in any coin or currency of the United States of America which, on the date of payment thereof, is legal tender for the payment of debts due the United States of America, upon their presentation and surrender as they become due or at their earlier redemption date, if any, at the principal office of the Paying Agent/Registrar. 2.04. Redemption of Bonds. The District reserves the right to redeem in whole or from time to time in part, all of the Bonds maturing in the years 1995 through 2004 on February 15, 1994, or any interest payment date thereafter by paying the principal thereof and accrued interest thereon. The District shall, at least forty-five (45) days prior to the date fixed for redemption (unless a shorter notice shall be satisfactory to the Paying Agent/Registrar), notify the Paying Agent/Registrar of such date and the principal amount of Bonds of each maturity to be redeemed. If less than all of the Bonds are to be redeemed, the particular Bonds within each such maturity (in integral multiples of $5,000) shall be selected by the Paying Agent/Registrar by lot. The registered owner of any Bond, all or a portion of which has been called for redemption, shall be required to present such Bond to the Paying Agent/Registrar for payment of the -4-