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<br />THE BONDS
<br />
<br />Detaiis oÎthe Bonds. I-he Honds WIll be issued using a Globai BOOk ~ntry System. Ûne
<br />Global Certificate representing the aggregate principal amount of the Bonds maturing in each year
<br />(the "Global Certificates") will be issued and fully registered as to principal and interest in the
<br />name of Cede & Co., as nominee of the Depository Trust Company (the "Depository"), a
<br />Securities and Exchange Commission (the "SEC") registered depository, a New York limited-
<br />
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<br />within the meaning of the New York Uniform Commercial Code.
<br />
<br />The Bonds will be dated March 21, 1997 and will bear interest payable on March 1 and
<br />September 1 of each year, commencing September 1, 1996. The Bonds will mature on March 1,
<br />in the vears and amounts as follows:
<br />--- ---- .I --- --- ----- ~--- --- -----. ---
<br />
<br />Year Amount Year Amount
<br />1998 $130,000 2006 $185,000
<br />1999 135,000 2007 190,000
<br />2000 140,000 2008 205,000
<br />2001 145,000 2009 220,000
<br />~i"\I"\"'" 1 ~ ~ "nl'\. ""';"\11"\. 1"'\"'^ ^^^
<br />L.UUL. 1 JJ,UUU L.UIU L.-'U,UVV
<br />2003 160,000 2011 245,000
<br />2004 170,000 2012 255,000
<br />2005 180,000
<br />
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<br />to redeem and prepay Bonds due on or after March 1, 2004. Redemption may be in whole or
<br />in part of the Bonds remaining unpaid which have the latest maturity date will be prepaid first.
<br />If a maturity is prepaid only in part, prepayments will be in integral multiples of $5,000 of
<br />principal within maturity by lot as selected by the Registrar. All such prepayments will be at a
<br />price of par plus accrued interest.
<br />
<br />Security and Purpose. The Bonds will be general obligations of the City for which the
<br />City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In
<br />addition, the City wiii pledge special assessments against property speciaiiy benefitted by the
<br />improvements to be financed from the proceeds of the Bonds.
<br />
<br />GLOBAL BOOK ENTRY SYSTEM
<br />
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<br />of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond,
<br />representing the aggregate principal amount of the Bonds maturing in each year, will be
<br />registered in the name of Cede & Co., as nominee of The Depository Trust Company ("DTC"),
<br />
<br />DJK1l6619
<br />RS200-19
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