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<br />through book entries made on the <br />books and records of MSTC and its <br />participants. Principal and <br />interest are payable by the City to <br />MSTC or its nominee as registered <br />owner of the Bonds. Transfer of <br />principal and interest payments to <br />participants of MSTC will be the <br />responsibility of MSTC; transfer of <br />principal and interest payments to <br />beneficial owners by participants <br />will be the responsibility of such <br />participants and other nominees of <br />beneficial owners. The successful <br />bidder, as a condition of delivery <br />of the bonds, will be required to <br />deposit the Bond Certificates with <br />MSTC. <br /> <br />DATE OF ORIGINAL <br />ISSUE OF BONDS: <br /> <br />February 1, 1992. <br /> <br />PURPOSE: <br /> <br />For the purpose of providing funds <br />sufficient for a crossover <br />refunding of the City's (i) General <br />Obligation Bonds of 1985, <br />consisting of General Obligation <br />State-Aid Highway Bonds and General <br />Obligation Tax Increment Bonds, <br />Series 1; and (ii) General <br />Obligation Tax Increment Bonds, <br />Series 2. <br /> <br />INTEREST PAYMENTS: <br /> <br />August 1, 1992, and semiannually <br />thereafter on February 1 and <br />August 1. <br /> <br />MATURITIES: <br /> <br />February 1 in each of the years and <br />amounts as follows: <br /> <br />Year <br /> <br />Amount <br /> <br />1995 <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 <br />2001 <br /> <br />$1,215,000 <br />1,275,000 <br />1,345,000 <br />1,420,000 <br />1,500,000 <br />1,585,000 <br />1,675,000 <br /> <br />25726 <br /> <br />B-2 <br />