Laserfiche WebLink
200905254 <br />Completion Bonds on a parity with the bonds of this issue to pay remaining costs of the Project in an amount <br />not to exceed $7,890,000. <br />The Corporation, however, reserves the right and option of paying bonds of this series <br />maturing on or after March 1, 2015 at any time on or after the fifth anniversary of the date of original issue <br />shown above at the principal amount thereof designated for redemption plus accrued interest to the date fixed <br />for redemption. <br />Bonds of this issue due as term bonds on March 1, 2029, bearing a stated interest rate of <br />5.30%, (the "2029 Term Bonds") shall be redeemed prior to their stated maturity and paid at stated maturity <br />from mandatory sinking fund payments required to be made by Corporation under the Indenture in <br />accordance with the following schedule: <br />Redemptian Date <br />March 1, 2025 <br />March 1, 2026 <br />March 1, 2027 <br />March 1, 2028 <br />March 1, 2029 <br />Amount Required to be Redeemed <br />$235,000 <br />245,000 <br />255,000 <br />265,000 <br />275,000 <br />Bonds of this issue due as term bonds on March 1, 2034, bearing a stated interest rate of 5.60%, (the "2034 <br />Term Bonds") shall be redeemed prior to their stated maturity and paid at stated maturity from mandatory <br />sinking fund payments required to be made by Corporation under the Indenture in accordance with the <br />following schedule: <br />Redemption Date <br />March 1, 2030 <br />March 1, 2031 <br />March 1, 2032 <br />March 1, 2033 <br />March 1, 2034 <br />Amount Required to be Redeemed <br />$290,000 <br />300,000 <br />315,000 <br />330,000 <br />345,000 <br />Such mandatory redemption of Term Bonds shall be at a price equal to 100% of the principal amount <br />redeemed plus interest accrued on the principal amount being redeemed to the date fixed for redemption. <br />Notice of redemption, for any redemption, optional or mandatory, shall be given by mail, sent <br />to the registered owner of any bond to be redeemed at said registered owner's address in the manner provided <br />in the Indenture authorizing said bonds. Individual bonds may be redeemed in part but only in $5,000 <br />amounts or integral multiples thereof. <br />This bond is transferable by the registered owner or such owner's attorney duly authorized in <br />writing at the principal corporate trust office of the Trustee upon surrender and cancellation of this bond, and <br />thereupon a new bond or bonds of the same aggregate principal amount, interest rate and maturity will be <br />issued to the transferee as provided in the Indenture authorizing said issue of bands, subject to the limitations <br />therein prescribed. The Corporation, the Trustee and any other person may treat Che person in whose name <br />this bond is registered as the absolute owner hereof for the purpose of receiving payment due hereunder and <br />for all purposes and shall not be affected by any notice to the contrary, whether this bond be overdue or not. <br />9 <br />