CC_Minutes_2003_0113 - Laserfiche WebLink

Home

If any provisions of this Notice of Sale conflict with information provided by P ARITY@, this Notice of Sale shall control. Further information about P ARITY@, including any fee charged, may be obtained from: PARITY@, 395 Hudson Street, New York City, New York 10014, Customer Support, (212) 404-8102. THE BONDS The Bonds will be dated March 1,2003, as the date of original issue, and will bear interest payable on March 1 and September 1 of each year, commencing March 1,2004. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Bonds will mature March 1 in the years and amounts as follows: 2005 $165,000 2009 $580,000 2013 $680,000 2017 $805,000 2006 $535,000 2010 $605,000 2014 $705,000 2018 $845,000 2007 $545,000 2011 $625,000 2015 $740,000 2019 $885,000 2008 $565,000 2012 $650,000 2016 $770,000 Proposals for the Bonds may contain a maturity schedule providing for a combination of serial bonds and term bonds, provided that no serial bond may mature on or after the first mandatory sinking fund redemption date of any term bond. All term bonds shall be subject to mandatory sinking fund redemption and must conform to the maturity schedule set forth above at a price of par plus accrued interest to the date of redemption. In order to designate term bonds, the proposal must specify "Last Year of Serial Maturities" and "Years of Term Maturities" in the spaces provided on the Proposal Form. BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amoWlt of the Bonds maturing in each year, will be registered in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amoWlt of $5,000 or any multiple thereof ofa single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with 1486062vl A-2