|
said Bonds on December 15 in the years and principal amounts shown on the following schedule.
<br />Such Bonds shall be redeemed with funds from the "Interest and Sinking Fund" created by the Bond
<br />Order and shall be redeemed by the Paying Agent/Registrar in part prior to maturity with funds from
<br />the Interest and Sinking Fund, for the principal amount thereof and accrued interest to the date of
<br />redemption, and without premium, on each of the aforesaid dates, in the principal amounts,
<br />respectively, as set forth in the following schedule:
<br />Bonds Maturing
<br />12/15/2036
<br />The principal amount of the Bonds required to be redeemed pursuant to the operation of such
<br />mandatory sinking fund shall be reduced by the principal amount of any Bonds that, at least 45 days
<br />prior to the mandatory sinking fund redemption date, shall have been (1) purchased by the Issuer
<br />and delivered to the Paying Agent/Registrar for redemption or (2) redeemed pursuant to the optional
<br />redemption provision described below and delivered to the Paying Agent/Registrar for cancellation.
<br />IN ADDITION TO THE MANDATORY REDEMPTION PROVISIONS described above,
<br />on December 15, 2026, or on any date thereafter, the outstanding Bonds of this series that mature
<br />on December 15, 2036 may be redeemed prior to their scheduled maturities, at the option of the
<br />Issuer, with funds derived from any available and lawful source, as a whole, or in part, and, if in
<br />part, the particular Bonds, or portions thereof, to be redeemed shall be selected and designated by
<br />the Issuer (provided that a portion of a Bond may be redeemed only in an integral multiple of
<br />$5,000), at a redemption price equal to the principal amount to be redeemed plus accrued interest
<br />to the date fixed for redemption.
<br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions thereof
<br />prior to maturity a written notice of such redemption shall be sent by the Paying Agent/Registrar by
<br />United States mail, first -class postage prepaid to the registered owner of each Bond to be redeemed
<br />at its address as it appeared on the registration books of the Paying Agent/Registrar at the close of
<br />business on the business day next preceding the date of mailing such notice; provided, however, that
<br />10
<br />Principal
<br />Year
<br />Amount
<br />2027
<br />$395,000
<br />2028
<br />405,000
<br />2029
<br />420,000
<br />2030
<br />430,000
<br />2031
<br />445,000
<br />2032
<br />460,000
<br />2033
<br />475,000
<br />2034
<br />490,000
<br />2035
<br />505,000
<br />2036(')
<br />520,000
<br />(')Final maturity of Bond.
<br />The principal amount of the Bonds required to be redeemed pursuant to the operation of such
<br />mandatory sinking fund shall be reduced by the principal amount of any Bonds that, at least 45 days
<br />prior to the mandatory sinking fund redemption date, shall have been (1) purchased by the Issuer
<br />and delivered to the Paying Agent/Registrar for redemption or (2) redeemed pursuant to the optional
<br />redemption provision described below and delivered to the Paying Agent/Registrar for cancellation.
<br />IN ADDITION TO THE MANDATORY REDEMPTION PROVISIONS described above,
<br />on December 15, 2026, or on any date thereafter, the outstanding Bonds of this series that mature
<br />on December 15, 2036 may be redeemed prior to their scheduled maturities, at the option of the
<br />Issuer, with funds derived from any available and lawful source, as a whole, or in part, and, if in
<br />part, the particular Bonds, or portions thereof, to be redeemed shall be selected and designated by
<br />the Issuer (provided that a portion of a Bond may be redeemed only in an integral multiple of
<br />$5,000), at a redemption price equal to the principal amount to be redeemed plus accrued interest
<br />to the date fixed for redemption.
<br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions thereof
<br />prior to maturity a written notice of such redemption shall be sent by the Paying Agent/Registrar by
<br />United States mail, first -class postage prepaid to the registered owner of each Bond to be redeemed
<br />at its address as it appeared on the registration books of the Paying Agent/Registrar at the close of
<br />business on the business day next preceding the date of mailing such notice; provided, however, that
<br />10
<br />
|