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2000-11-08 Packet
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2000-11-08 Packet
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Year Amoun t Year Amount <br /> 2002 $175,000 2007 $10,000 <br /> 2003 175,000 2008 15,000 <br /> 2004 200,000 2009 15,000 <br /> 2005 10,000 2010 20,000 <br /> 2006 10,000 2011 20,000 <br /> 1.04. Optional Redemption. The City may elect on February 1; 2006, and on any day <br /> thereafter, to prepay Bonds. Redemption may be in whole or in part and if in part, at the option <br /> of the City and in such manner as the City will determine. If less than all Bonds of a maturity are <br /> called for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular <br /> amount of such maturity to be prepaid. DTC will determine by lot the amount of each <br /> participant's interest in such maturity to be redeemed and each participant will then select by lot <br /> the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a <br /> price of par plus accrued interest. <br /> 1.05. Term Bonds. To be completed if Term Bonds are requested by the Purchaser. <br /> Section 2. Registration and Payment. <br /> 2.01. Registered Form. The Bonds will be issued only in fully registered form. The <br /> interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by <br /> check or draft issued by the Registrar described herein. <br /> 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest <br /> payment date preceding the date of authentication to which interest on the Bond has been paid <br /> or made available for payment, unless (i) the date of authentication is an interest payment date <br /> to which interest has been paid or made available for payment, in which case the Bond will be <br /> dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest <br /> payment date, in which case the Bond will be dated as of the date of original issue. The interest <br /> on the Bonds is payable on February 1 and August I of each year, commencing February 1, <br /> 2001, to the registered owners of record thereof as of the close of business on the fifteenth day <br /> of the immediately preceding month, whether or not that day is a business day. <br /> 2.03. Registration. The City will appoint a bond registrar, transfer agent, authenticating <br /> agent and paying agent (Registrar). The effect of registration and the rights and duties of the <br /> City and the Registrar with respect thereto are as follows: <br /> (a) Register. The Registrar must keep at its principal corporate trust office a <br /> bond register in which the Registrar provides for the registration of ownership of Bonds <br /> and the registration of transfers and exchanges of Bonds entitled to be registered, <br /> transferred or exchanged. <br /> (b) Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed <br /> by the registered owner thereof or accompanied by a written instrument of transfer, in <br /> SJB- 185311v1 <br /> CEI55 -16 <br />
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