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<br /> * �1 - U07210
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<br /> This bond is one of an authorized issue of bonds ( herein
<br /> together called the " bonds " ) issuable in series without �
<br /> express limit as to principal amount . The series of bonds � -. �
<br /> of which this one is a part is designated Series 1977 ,
<br /> aggregating One Million Six Hundred Thousand Dollars ( $ 1 , 600 , 000 )
<br /> in principal amount , and all of which are of liY. e date and
<br /> tenor except for number , interest rate , maturit_� and priority
<br /> of redemption . The 1977 Bonds are being issued for the
<br /> purpose of acquiring certain land located in Hall County , ,`,
<br /> Nebraska and constructing and equipping a manufacturing and '
<br /> industrial plant facility and related improvements thereon
<br /> ( the " �roject " ) . Said bonds are all issued under and are
<br /> all ratably and equally secured and entitled to the protection
<br /> given by an Indenture of Trust dated as of December 1 , 1977
<br /> ( the " Zndenture " ) , duly executed and delivered by the Issuer
<br /> to the Trustee , which Indenture nas been duly recorded in
<br /> the office of the Register of Deeds of Hall County , Nebraska , '.'
<br /> and reference is hereby made to the Indenture and to all i`
<br /> supplements thereto for a description of the property mortgaged ,
<br /> the provisions , among others , with respect to the nature and �
<br /> extent of the securitr� , the rights , duties and obligations ' y
<br /> of the Issuer , the Trustee and the holders of the bonds and
<br /> the terms upon which the bonds are issued and secured . " '
<br /> g.::,., � . . �
<br /> The 1977 Ilonds are noncallable for redemption or for �,+ '
<br /> refunding prior to December 1 , 1987 , except in the event of '
<br /> the purchase of the Project upon occurrence of any of the � �
<br /> events specified in subparagrapns ( a ) or ( b ) or ( c ) or ( d ) ��''
<br /> or ( e ) or ( f ) or ( g ) of Section 21 . 1 of the Lease and Agreement ```
<br /> between the Issuer and Lincoln Equipment Compam� , a Nebraska ��
<br /> corporation ( the " Comnany " ) , to which provisions reference '
<br /> is hereby made . Upon purchase of the Project by the Company +.'
<br /> by reason of any of such events , the 1977 Bonds must be
<br /> redeemed in whole and not in part on the next succeeding
<br /> interest a ment date ;n;
<br /> P Y [ except that , in the case of the
<br /> occurrence of the event specified in subparagraph ( e ) of
<br /> said Section 21 . 1 , said interest payment date need only be
<br /> one which falls within two ( 2 ) years following the occurrence
<br /> of such eventJ after funds for the redemption thereof have
<br /> been deposited with the Trustee , upon terms of the principal
<br /> amount thereof and accrued interest to the redemption date ,
<br /> together with a premium equal to 3 � of principal amount in
<br /> the case of the occurrence of the event speciPied in subparagraph
<br /> ( e ) of said Section 21 . 1 ; a premium equal to 4 � of principal
<br /> amount in the case of the occurrence of any of the other
<br /> events so specified in said Section 21 . 1 if said redemption
<br /> takes place prior to December 1 , 1987 ; or together with a
<br /> premium calculated in accordance with the schedule set forth
<br /> below if said redemption takes place on or subsequent to
<br /> December 1 , 1987 in the case of the occurrence of any of the
<br /> other events so specified in said Section 21 . 1 .
<br /> On and after December 1 , 1987 , the 1977 Bonds are
<br /> redeemable at the option of the Issuer in whole or in part
<br /> on any interest payment date , at the redemption prices set
<br /> forth below ( stated as percentages of the principal amount
<br /> thereof ) , plus accrued interest to the date of redemption :
<br /> Redemption Date Redernption Price
<br /> December 1 , 1987 or June 1 , 1988 104 �
<br /> December 1 , 1988 or June 1 , 1989 103 �
<br /> December 1 , 1989 or June l , 1990 102 $
<br /> � ° December 1 , 1990 or June 1 , 1991 1018
<br /> December 1 , 1991 and thereafter 100 � -:t : .
<br /> ;, If less than all of the 1977 Bonds are redeemed at any one
<br /> time , they shall be selected by the Trustee by lot . ?'��'
<br /> t �f �
<br /> ' ^� ' Notice of the call for any such redemptiun , identifying � �-
<br /> ""'`'� the bonds to be redeemed , wi11 be k'" "
<br /> publishe3 dt least one
<br /> `�^ � time in a newspaper published and of "" <-, ��
<br /> � general circulation in �
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