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<br />8 <br />EL185-68-707442.v4 <br />shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and <br />in the principal amounts as follows: <br /> <br />Sinking Fund Installation Date Principal Amount <br /> <br />August 1, 2039 Term Bonds <br /> <br />2038 $420,000 <br />2039 (maturity) 425,000 <br /> <br />Sinking Fund Installation Date Principal Amount <br /> <br />August 1, 2047 Term Bonds <br /> <br /> 2045 $480,000 <br /> 2046 490,000 <br /> 2047 (maturity) 505,000 <br /> <br />Sinking Fund Installation Date Principal Amount <br /> <br />August 1, 2051 Term Bonds <br /> <br />2048 $515,000 <br />2049 525,000 <br />2050 540,000 <br /> 2051(maturity) 550,000 <br /> <br /> 5.05. Term Application of Proceeds. Immediately upon delivery of the Series 2021B <br />Bonds to the Purchaser, the amount received as accrued interest on the Series 2021B Bonds shall <br />be credited to the Debt Service Account and the remaining proceeds, net of the amount deposited <br />in the Reserve Account pursuant to Section 3.02, shall be deposited in the Project Account and <br />used to pay costs of issuance of the Series 2021B Bonds and costs of financing the Project, as <br />provided in Section 13. <br />Section 6. Registration; Appointment of Registrar; Book-Entry System. <br />6.01. Registration. The City, by the Commission, will appoint, and will maintain, a <br />bond registrar, transfer agent, authenticating agent and paying agent (the “Registrar”). The effect <br />of registration and the rights and duties of the City and the Registrar with respect thereto are as <br />follows: <br />(a) Register. The Registrar will keep at its principal corporate trust office a <br />bond register in which the Registrar provides for the registration of ownership of the <br />Series 2021B Bonds and the registration of transfers and exchanges of Bonds entitled to <br />be registered, transferred or exchanged. <br />69