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reference is made for a full statement of rights and powers thereby conferred. The full faithand <br />credit of the City are irrevocably pledged for payment of this Bond andthe 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 torate or amount. The Bonds <br />of this seriesare 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 August1, 2030, and on any date thereafter to prepay Bonds <br />maturing on or after August1, 2031. Redemptionmay be in whole or in part and if in part, atthe <br />option of the City and in such manneras the City will determine. If less than all Bonds of a <br />maturity are called for redemption, the City will notifyThe Deposit <br />of the particularamount of such maturity to be prepaid. DTC will determine by lot the amount <br />select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments <br />will beat a price ofpar plus accrued interest. <br />The Bonds maturing on August1, 2034,August1, 2037and August1, 2041, shall <br />al 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 TermBond 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 principalamounts as follows: <br />Sinking Fund Installment DatePrincipal Amount <br />August1, 2034Term Bonds <br />2032$85,000 <br />303385,000 <br />2034(maturity)90,000 <br />Sinking Fund Installment DatePrincipal Amount <br />August1, 2037Term Bonds <br />2035$90,000 <br />203690,000 <br />2037(maturity)95,000 <br />Sinking Fund Installment DatePrincipal Amount <br />August1, 2041Term Bonds <br />2038$95,000 <br />2039100,000 <br />2040100,000 <br />2041(maturity)100,000 <br />B-2 <br />EL185-69-713323.v2 <br />54 <br />