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<br />ADDITIONALLY, THE BONDS, maturing in the years 2006 and 2016, are
<br />subject to mandatory redemption prior to maturity in part by lot, at 100% of the
<br />principal amount thereof plus accrued interest to the date of redemption on
<br />November 1 in the years and principal amounts shown below:
<br />
<br />Bonds due November 1. 2006 Bonds due November 1. 2016
<br />Dlli Amount Date Amount
<br />2000 $405,000 2007 $670,000
<br />2001 435,000 2008 725,000
<br />2002 470,000 2009 780,000
<br />2003 505,000 2010 840,000
<br />2004 540,000 2011 900,000
<br />2005 585,000 2012 970,000
<br />2006 (Maturity) 625,000 2013 1,040,000
<br /> 2014 1,120,000
<br /> 2015 1,205,000
<br /> 2016 (Maturity) 1,300,000
<br />
<br />The principal amount of the Bonds required to be redeemed pursuant to the
<br />operation of such mandatory redemption requirements shall be reduced, at the
<br />option of the City, by the principal amount of any Bonds which, at least 50 days
<br />prior to the mandatory redemption date, (1) shall have been acquired by the City at
<br />a price not exceeding the principal amount of such Bonds plus accrued interest to
<br />the date of purchase thereof, and delivered to the Paying Agent/Registrar for
<br />cancellation, (2) shall have been purchased and cancelled by the Paying
<br />Agent/Registrar at the request of the City at a price not exceeding the principal
<br />amount of such Bonds plus accrued interest to the date of purchase, or (3) shall have
<br />been redeemed pursuant to the optional redemption provisions and not theretofore
<br />credited against a mandatory redemption requirement.
<br />
<br />NOT LESS THAN 30 days prior to a redemption date for the Bonds the City
<br />shall cause a notice of redemption to be sent by United States mail, first class
<br />postage prepaid, to each registered owner of a Bond to be redeemed in whole or in
<br />part at the address of the registered owner appearing on the Registra tion Books at
<br />the time such notice of redemption is mailed. Any notice of redemption so mailed
<br />shall be conclusively presumed to have been duly given whether or not received by
<br />the Holder. If this Bond is subject by its terms to prior redemption and has been
<br />called for redemption, and notice of redemption hereof has been duly given, then
<br />this Bond, or the principal amount hereof to be redeemed, so called for redemption
<br />shall become due and payable, and, if moneys sufficient for the payment of the
<br />redemption price of this Bond, or the principal amount hereof to be redeemed, are
<br />held by the Paying Agent/Registrar for the purpose of making such payment, then
<br />interest on this Bond, or the principal amount hereof to be redeemed, called for
<br />redemption, shall cease to accrue on the redemption date stated in such notice of
<br />redemption, and this Bond, or the principal amount hereof to be redeemed, shall no
<br />longer be deemed to be Outstanding.
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