08-83 Hospital Improvement revenue bonds

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preceding paragraph are to be availed of with respect to such Mandatory Sinking Fund InStallment (and corresponding mandatory redemption obliga- tion); unless such certificate is so timely furnished by the Issuer, the MandaZory Sinking Fund Installment (and corresponding mandatory redemp- tion obligation) payable on such Mandatory Redemption Date shall not be reduced. (g) Redemption (Catastropic Events). The Series 1983-B Bonds are non-callable for redemption prior to the Optional Earliest Redemp- tion Date, except in Zhe event of condemnation of the Hospital Facili- ties or any part thereof to the extent provided in Section 5.10 of the Indenture, or in the event of damage or destruction of the Hospital Facilities or any part thereof to the extent provided in Section 5.11 of the Indenture, or in the event of the sale of the Hospital Facilities by the Issuer pursuant to Section 5.14 of the Indenture and to the extent pmovided therein. If called for redemption in any of such events, the Series 1983-B Bonds shall be subject to redemption by the Issuer on any date in whole or, in the case of redemption pursuant to Sections 5.10 and 5.11 of the Indenture, in part (but at least in the Redemption Amount) on any Interest Payment Date, at a redemption price of 100 percent of the principal amount thereof, plus accrued interest to the redemption date. (h) Method of Redemption. Notice of call for redemption of any Series 1983-B Bonds shall be given in the manner provided in Sub- section (h) of Section 7 hereof. If Bonds or portions of fully regis- tered Bonds are duly called for redemption and if on such redemption date moneys for the redemption of all Bonds to be redeemed, together with interest to the redemption date and any applicable redemption premium, shall be held by the Trustee or Paying Agents so as to be available therefor, then from and after such redemption date such Bonds or portions of fully registered Bonds shall cease to bear interest and any coupons for interest thereon maturing subsequent to the redemption date shall be void. (i) Certificate of Award. The Executive and the Fiscal Officer are, and each of them is, hereby authorized and directed to select and designate in the Certificate of Award the Original Purchaser for the Series 1983-B Bonds, to negotiate the sale of the Series 1983-B Bonds to the Original Purchaser so designated upon terms consistent with this Bond Legislation, and to determine and specify in the Certificate of Award the following terms and provisions of or with respect to the Series 1983-B Bonds: (i) the aggregate principal amount,-provided that such amount shall not exceed $2,000,000; (ii) the Specified Interest Rates, provided that the average yield to the public on the initial offering of the Series 1983-B Bonds shall not exceed 11.5% (eleven and one-half percent); -28-