Ord 1993-037 - Laserfiche WebLink

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I )~AX 6. Add new Section 4.03, page 16: Section 4.03. Mandatory SinkinG Fund Redemption. - - (a) The Bonds scheduled to mature on November I, 2016, shal1 be subject to mandatory sinking fund redemption in part on the dates shown below at a redemption price equal to the principal amount thereof plus the interest accrued thereon from the most recent Interest Payment Date to which interest has been paid or provided for to the redemption date, in the following principal amounts: Amount to Date be Redeemed November 1, 2012 $1,005,000 November 1, 2013 1,060,000 November I, 2014 1,125,000 November 1, 2015 1,190,000 November 1, 2016 (maturity) 1,265,000 (b) The principal amount of the Bonds required to be redeemed pursuant to the operation of such mandatory redemption requirements shall be reduced, at the option of the City, by the principal amount of any Bonds which, at least 45 days prior to the mandatory redemption date, (1) shall have been acquired by the City at a price not exceeding the principal amount of such Bonds pIus accrued interest to the date of purchase thereof, and delivered to the Paying Agent/Registrar for cancel1ation, (2) shall have been purchased and cancelled by the Paying Agent/Registrar at the request of the City at a price not exceeding the principal amount of such Bonds plus accrued interest to the date of purchase, or (3) shall have been redeemed pursuant to the optional redemption provisions and not theretofore credited against a mandatory redemption requirement. , 7. Section 4.03, page 16: A. Renumber as Section 4.04 B. Insert the words: pursuant to the optional rights reserved in Section 4.02 hereof after the word redeemed and before the comma in the first line. C. Add new subsection (c): (b) The particular Bonds to be redeemed pursuant to the mandatory requirements of Section 4.03 hereof shall be selected at 4617f/2