Ord 2005-098 - Laserfiche WebLink

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I I I Section 3 02. Date, Denomination, Maturities, Numbers and Interest. (a) The Certificates shall have the Original Issue Date of December 1,2005, shall be in fully regIstered form, without coupons, in the denominatIon of$5,000 or any mtegral multiple thereof, and shall be numbered separately from one upward or such other designatIOn acceptable to the City and the Paying AgentJRegistrar (b) The Certificates shall mature on August 15 in the years and m the principal amounts and interest rates set forth below, mterest on each Certificate accruing from the Ongmal Issue Date or the most recent Interest Payment Date to which interest has been paid or provided for at the per annum rates of interest, payable semiannually on February 15 and August 15 of each year until the principal amount shall have been paid or provision for such payment shall have been made, commencing August 15, 2006, as follows Principal Interest Principal Interest Year Amount Rate Year Amount Rate 2008 $ 240,000 4 000% 2017 $ 345,000 4.200% 2009 250,000 3 750% 2018 355,000 4.250% 2010 260,000 3 750% 2019 370,000 4.350% 2011 270,000 3 875% 2020 390,000 4 400% 2012 280,000 4 000% 2021 405,000 4 450% 2013 295,000 4 000% 2022 425,000 4.500% 2014 305,000 4 000% 2023 445,000 4,500% 2015 315,000 4 000% 2024 460,000 4.550% 2016 330,000 4 100% 2025 485,000 4 625% Section 303 Medium, Method and Place of Payment. (a) The principal of, premium, if any, and interest on the Certificates shall be paid in lawful money of the Umted States of Amenca as proVIded m thIS SectIOn, (b) Interest on the Certificates shall be payable to the Owners whose names appear in the Register at the close of business on the Record Date; proVIded, however, that m the event of nonpayment of interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such mterest payment (a "Special Record Date") will be established by the Paying Agent/Registrar if and when funds for the payment of such interest have been received from the CIty Notice ofthe Special Record Date and ofthe scheduled payment date of the past due interest (the "Special Payment Date", which shall be at least 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of each Owner of a Certificate appearing on the books of the Paying AgentJRegistrar at the close of business on the last business day next preceding the date of mailing of such notice. San Marcos CTRCO 2005 Ord 12.01 2005 6