2.3a ERMUSR 06-08-2021 - Laserfiche WebLink

Home Browse Search

Section 7hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participants interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. 2.06.Term Bond; Mandatory Redemption. The Bonds maturing on August1, 2034, August1, 2037and August1, 2041, shall hereinafter be referred to collectively as datorysinking fund redemption on any date may be reduced through earlier optional redemptions, with any partial redemption of the Term Bonds credited against future mandatory sinking fund redemptions of such Term Bond in such order as the City shall determine. The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and in the principal amounts as follows: Sinking Fund Installment DatePrincipal Amount August1, 2034Term Bonds 2032$85,000 303385,000 2034(maturity)90,000 Sinking Fund Installment DatePrincipal Amount August1, 2037Term Bonds 2035$90,000 203690,000 2037(maturity)95,000 Sinking Fund Installment DatePrincipal Amount August1, 2041Term Bonds 2038$95,000 2039100,000 2040100,000 2041(maturity)100,000 Section 3.Form;Registration. 3.01.Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof is payable by check or draft issued by the Registrar described herein. 3.02.Dates; Interest Payment Dates.Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paidor made available for payment, unless (i) the date of authentication is an interestpayment date to EL185-69-713323.v2 4 39