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of Award, on or after which optional redemption of the Series 2002 Refunding Bonds may oce~,
<br />provided, however, that such date shall not be earlier than July 1, 2010, nor later than July 1,
<br />2014.
<br />
<br /> "Optional Redemption Prices" means, with respect to the Series 2002 Refunding
<br />Bonds, the optional redemption prices, as shall be determined by the Fiscal Officer in the
<br />Certificate of Award, which prices shall not exceed 103% nor be less than 100% of the principal
<br />amount to be so redeemed.
<br />
<br /> "Original Indenture" means the Indenture of Mortgage, dated as of August 1,
<br />1991, between the Issuer and the Trustee, securing initially the Series 1991 Bonds.
<br />
<br /> "Original Purchaser" means, with respect to the Series 2002 Refunding Bonds,
<br />A.G. Edwards & Sons, Inc.
<br />
<br /> "Principal Payment Dates" means, with respect to the Series 2002 Refunding
<br />Bonds, the first day of July in the years in which those Series 2002 Refunding Bonds are to be
<br />retired in accordance with their stated terms, which dates shall be determined by the Fiscal
<br />Officer in accordance with this Series 2002 Refunding Bond Legislation and specified in the
<br />Certificate of Award, provided no such date shall be later than July 1, 2020.
<br />
<br /> "Principal Retirement Schedule" means, with respect to the Series 2002
<br />Refunding Bonds, the schedule for the retirement of the principal of the Series 2002 Refunding
<br />Bonds on the Principal Payment Dates in accordance with their stated maturities or by mandatory
<br />redemption on Mandatory Redemption Dates, which schedule shall be determined by the Fiscal
<br />Officer in accordance with this Series 2002 Refunding Bond Legislation and specified in the
<br />Certificate of Award.
<br />
<br /> "Purchase Price" means, with respect to the Series 2002 Refunding Bonds, that
<br />amount to be paid by the Original Purchaser for the purchase of the Series 2002 Refunding
<br />Bonds, as shall be determined by the Fiscal Officer in the Certificate of Award, but such amount
<br />shall not be less than 98% of the principal amount of the Series 2002 Refunding Bonds, together
<br />with accrued interest on the Series 2002 Refunding Bonds from their date to the date of their
<br />delivery and payment therefor.
<br />
<br /> "Second Supplemental Indenture" means the Second Supplemental Indenture of
<br />Mortgage, between the Issuer and the Trustee, to be dated as of the date set forth in the
<br />Certificate of Award (provided, however, that such date shall not be earlier than October 1,
<br />2002), including this Series 2002 Refunding Bond legislation as a part thereof and relating to the
<br />issuance of the Series 2002 Refunding Bonds.
<br />
<br /> "Series 1991 Bond Legislation" means Ordinance No. 51-91 of the Issuer passed
<br />by the Issuer's Legislative Authority on July 15, 1991.
<br />
<br /> "Series 1995 Bond Legislation" means Ordinance 12-95 of the' Issuer passed by
<br />the Issuer's Legislative Authority On April 3, 1995.
<br />
<br /> "Series 2002 Notes" means the Hilliard Road Improvement Bond Anticipation
<br />Notes, Series 2002, of the Issuer.
<br />
<br /> "Series 2002 Refunding Bond Legislation" means this ordinance authorizing the
<br />issuance, sale and delivery, and the Certificate of Award fixing certain terms and provisions, of
<br />the Series 2002 Refunding Bonds and related matters.
<br />
<br /> "Series 2002 Refunding Bonds" means the Water System Mortgage Revenue
<br />Refunding Bonds, Series 2002, of the Issuer issued pursuant to this Series 2002 Refunding Bond
<br />Legislation, the Second Supplemental Indenture and Section 2.05 of the Original Indenture.
<br />
<br /> "Specified Interest Rates" means the interest rate or rates per armum at which the
<br />Series 2002 Refunding Bonds bear interest, which rate or rates shall be determined by the Fiscal
<br />Officer in the Certificate of Award, provided the true interest cost of the Series 2002 Refunding
<br />Bonds determined on the basis of such Specified Interest Rates and the public offering prices of
<br />the Series 2002 Refunding Bonds may not exceed eight and 0/100 per centum (8.0%) per annum.
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