Ord 1993-037 - Laserfiche WebLink

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) i..'1 A Y random by the Paying Agent/Registrar in such manner as the Paying Agent/Registrar deems fair and appropriate, with the approval of the City. D. Redesignate subsections (b), (c) and (d) as (c), (d) and (e). 8. Renumber Sections 4.04, 4.05 and 4.06, page 17, as 4.05, 4.06 and 4.07. 9. Form of bond, page 22: A. 5th paragraph: change 2001 to 2003 and 2000 to 2002 B. Add new language following the 5th paragraph: The Bonds scheduled to mature on November I, 2016, are subject to mandatory sinking fund redemption in part at random (in such manner as the Paying Agent/Registrar, with the approval of the City, deems fair and appropriate) on the dates and in the respective principal amounts set forth below, at a redemption price equal to the principal amount thereof plus accrued interest to the date of redemption: .. Amount to Date be Redeemed November I, 2012 $1,005,000 November I, 2013 1,060,000 November 1, 2014 1,125,000 November I, 2015 1,190,000 November I, 2016 (maturity) 1,265,000 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 plus accrued interest to the date of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) sha 11 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. 4617f/3