Ord 1993-038 - Laserfiche WebLink

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(fOr Co., as nominee of DTC, all payments with respect to principal of, premium, if any, and interest on such Bonds, and all notices with respect to such Bonds, shall be made and given, respectively, in the manner provided in the Representation Letter. ARTICLE IV REDEMPTION OF BONDS BEFORE MATURITY Section 4.01. Limitation on Redemption. The Bonds shall be subject to redemption before scheduled maturity only as provided in this Article IV. Section 4.02. Optional Redemption. (a) The City reserves the option to redeem Bonds maturing on and after November 1, 2003, in whole or in part, before their scheduled maturity dates, on November 1, 2002, or on any date thereafter (such redemption date or dates to be fixed by the City) at a price equal to the principal amount of the Bonds called for redemption plus accrued interest from the most recent interest payment date on which interest has been paid or duly provided for to the redemption date. .. (b) The City, at least 45 days before the redemption date (unless a shorter period shall be satisfactory to the Paying Agent/Registrar), shall notify the Paying Agent/Registrar of such redemption date and of the principal amount of Bonds to be redeemed. Section 4.03. Mandatory Sinkinq Fund Redemption. (a) The Bonds scheduled to mature on November 1, 2016, shall 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 1, 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 4588f -16-