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reference is made for a full statement of rights and powers thereby conferred. The full faith and <br /> credit of the City are irrevocably pledged for payment of this Bond and the City Council has <br /> obligated itself to levy ad valorem taxes on all taxable property in the City in the event of any <br /> deficiency in net revenues,taxes may be levied without limitation as to rate or amount. The Bonds <br /> of this series are issued only as fully registered Bonds in denominations of$5,000 or any integral <br /> multiple thereof of single maturities. <br /> The City may elect on August 1, 2030, and on any date thereafter to prepay Bonds <br /> maturing on or after August 1, 2031. Redemption may be in whole or in part and if in part, at the <br /> option of the City and in such manner as the City will determine. If less than all Bonds of a <br /> maturity are called for redemption, the City will notify The Depository Trust Company ("DTC") <br /> of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount <br /> of each participant's interest in such maturity to be redeemed and each participant will then <br /> select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments <br /> will be at a price of par plus accrued interest. <br /> The Bonds maturing on August 1, 2034, August 1, 2037 and August 1, 2041, shall <br /> hereinafter be referred to collectively as the "Term Bonds." The principal amounts of the Term <br /> Bonds subject to mandatory sinking fund redemption on any date may be reduced through earlier <br /> optional redemptions, with any partial redemption of the Term Bonds credited against future <br /> mandatory sinking fund redemptions of such Term Bond in such order as the City shall <br /> determine. The Term Bonds are subject to mandatory sinking fund redemption and shall be <br /> redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and in <br /> the principal amounts as follows: <br /> Sinking Fund Installment Date Principal Amount <br /> August 1, 2034 Term Bonds <br /> 2032 $85,000 <br /> 3033 85,000 <br /> 2034 (maturity) 90,000 <br /> Sinking Fund Installment Date Principal Amount <br /> August 1, 2037 Term Bonds <br /> 2035 $90,000 <br /> 2036 90,000 <br /> 2037 (maturity) 95,000 <br /> Sinking Fund Installment Date Principal Amount <br /> August 1, 2041 Term Bonds <br /> 2038 $95,000 <br /> 2039 100,000 <br /> 2040 100,000 <br /> 2041 (maturity) 100,000 <br /> B-2 <br /> EL185-69-713323 v2 <br />