Laserfiche WebLink
<br />. . <br /> <br />- . <br /> <br />ON REVERSE OF BOND <br /> <br />. <br /> <br />All Bonds of this issue maturing in the years 1992 to <br />1996, both inclusive, are subject to redemption and prepayment <br />at the option of the Issuer on December 1, ~99l and on any <br />Interest Payment Date thereafter at par and accrued interest. <br />Redemption may be in whole or in part of the Bonds subject to <br />prepayment. If redemption is in part, those Bonds remaining <br />unpaid which have the latest maturity date shall be prepaid <br />first: and if only part of the Bonds having a canmon maturity <br />date are called for prepayment, the specific Bonds to be <br />prepaid shall be chosen by lot by the Bond Registrar. <br />Published notice of redemption shall in each case be given in <br />accordance with law, and mailed notice of redemption shall be <br />given to the paying agent and to the Holders of the Bonds. <br /> <br />To effect a partial redemption of Bonds having a <br />common maturity date, the Bond Registrar shall assign to each <br />Bond having a canmon maturity date, a distinctive number for <br />each $5,000 of the principal amount of such Bond, The Bond <br />Registrar shall then select by lot, using such method of <br />selection as it shall deem proper in its discretion from the <br />numbers assigned to the Bonds, as many numbers as, at $5,000 <br />for each number, shall equal the principal amount of such Bonds <br />to be redeemed. The Bonds to be redeemed shall be the Bonds to <br />which were assigned numbers so selected: provided, however, <br />that only so much of the principal amount of such Bond of a <br />denomination of more than $5,000 shall be redeemed as shall <br />equal $5,000 for each number assigned to it and so selected. <br />If a Bond is to be redeemed only in part, it shall be <br />surrendered to the Bond Registrar (with. if the Issuer or the <br />Bond Registrar so requires, a written instrument of transfer in <br />form satisfactory to the Issuer and the Bond Registrar duly <br />executed by the Holder thereof or his attorney duly authorized <br />in writing) and the Issuer shall execute and the Bond Registrar <br />shall authenticate and deliver to the Holder of such Bond, <br />without service charge, a new Bond or Bonds of the same series <br />having the same stated maturity and interest rate and of any <br />authorized denomination or denominations, as requested by such <br />Holder, in aggregate principal amount equal to and in exchange <br />for the unredeemed portion of the principal of the Bond so <br />surrendered. <br /> <br />. <br /> <br />8 <br />