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redeemed, plus in each case interest accrued to the redemption <br />date: <br /> <br />Redemption Dates <br />(Dates Inclusive) <br /> <br />IJuly 1, 2001 through June 30, 2002 <br /> July 1, 2002 through June 30, 2003 <br /> July 1, 2003 and.thereafter <br /> <br />Redemption Price~ <br /> <br />102% <br />101% <br />100% <br /> <br /> The principal of and any premium and interest on the <br />Series 1991 Bonds (the "Bond Service Charges,,) payable, whether at <br />maturity or by mandatory sinking fund redemption, in each twelve <br />month period ending July 1 (a "Bond Year") shall be substantially <br />level, with Bond Service Charges in the Bond Year in which such <br />Bond Service Charges are the largest being no more than 120% of the <br />Bond Service Charges in the Bond Year in which such Bond Service <br />Charges are the smallest. <br /> <br /> The Series 1991 Bonds will originally be issued as fully <br />registered bonds under a book-entry system with no distribution or <br />right of distribution of Series 1991 Bonds to the ultimate <br />purchasers, in accordance with the provisions set forth in the Bond <br />Legislation and also as described in the Preliminary Official <br />Statement. The Depository Trust Company, New York, New York, <br />("DTC"), will act as depository (the "Depository,,) for the <br />book-entry system. <br /> <br /> So long as the Series 1991 Bonds are held in a book-entry <br />system, the principal of the Series 1991 Bonds is payable when due <br />to the Depository or its authorized representative upon <br />presentation and surrender of the Series 1991 Bonds at the <br />principal corporate trust office of the Trustee. Interest thereon <br />is payable on each Interest Payment Date in next day or federal <br />funds by check or wire transfer delivered or transmitted to the <br />Depository or its nominee, without deduction for the services of <br />the Trustee or any paying agent. <br /> <br /> Payment of the principal of and interest on the Series <br />1991 Bonds when due will be insured by a municipal bond insurance <br />policy to be issued by (the" Bond <br />Insurance Policy,,) simultaneously with the delivery of the Series <br />1991 Bonds, as more fully described in the Preliminary Official <br />Statement. <br /> <br /> Unless paid from other sources and subject to the <br />provisions of Chapter 9 of the Federal Bankruptcy Act and other <br />laws affecting creditors, rights, the Bond Service Charges on the <br />Series 1991 Bonds, and any Additional Bonds thereafter issued, are <br />to be paid equally and ratably from the Net Revenues, the Special <br />Funds, the Revenue Fund (to the extent moneys therein constitute <br /> <br />-3- <br /> <br /> <br />