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<br /> Payment Date to which IIlterest has been paid or provided for at the per annum rates of interest, payable
<br />I sem lannually on February 15 and August 15 of each year unti I the principal amount shall have been paid or
<br />provision for such payment shall have been made, cOlllmencing August 15,2005, as follows:
<br /> Principal Interest Principal Interest
<br /> Year Amount Rate Year Amount Rate
<br /> 2005 $ I 25,000 3.000% 2015 $1,405,000 5.000%
<br /> 2006 1,350,000 3.000% 2016 1,470,000 5.000%
<br /> 2007 1,235,000 3.000% 2017 745,000 4.100%
<br /> 2008 1,270,000 3.000% 2018 775,000 4.150%
<br /> 2009 1,285,000 3.000% 2019 805,000 4.250%
<br /> 2010 ] ,160,000 4.000% 2020 840,000 4.300%
<br /> 2011 1,205,000 4.500% 2022 1,795,000 5.000%
<br /> 2012 765,000 4.000% 2023 965,000 5.000%
<br /> 2012 500,000 5.000% 2024 1,015,000 5.000%
<br /> 2013 1,3 10,000 3.650%
<br />I 2014 1,355,000 3.750%
<br />Section 3.03. Med ium, Method and Place of Pavment.
<br />
<br />
<br />(a) The principal of, premium, ifany, and interest on the Bonds shall be paid in lawful money
<br />of the United States of America as provided In this Section
<br />
<br />(b) Interest on the Bonds shall be payable to the Owners whose names appear in the Register
<br />at the close of business on the Record Date; provided, however, that in the event of nonpayment of interest
<br />on a scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such interest payment
<br />(a "Special Record Date") will be established by the Paying Agent/Registrar if and when funds for the
<br />payment of such interest have been received from the City. Notice of the Special Record Date and of the
<br />scheduled payment date of the past due IIlterest (the "Special Payment Date", which shall be at least 15 days
<br />after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by
<br />United States mail, first class postage prepaid, to the address of each Owner of a Bond appearing on the
<br />books of the Paying Agent/Registrar at the close of business on the last business day next preceding the date
<br />of mailing of such notice.
<br />
<br />(c) I nterest on the Bonds shall be paid by check (dated as of the Interest Payment Date) and sent
<br />by the Paying Agent/Registrar to the person entitled to such payment by United States mail, first class
<br />postage prepaid, to the address of such person as it appears in the Register or by such other customary
<br />bankll1g arrangements acceptable to the Paying Agent/Registrar and the person to whom interest IS to be paid;
<br />ProV ided, however, that such person shall bear all risk and expenses of such other customary bankll1g
<br />arran gements.
<br />
<br />I
<br />
<br />(d) The principal of each Bond shall be paid to the person In whose name such Bond IS
<br />registered on the due date thereof (whether at the maturity date or the date of prior redemption thereof) upon
<br />presentation and surrender of such Bond at the Designated Payment/Transfer Office
<br />
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