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and any premium on the Bonds shall be payable in the manner provided in any agreement <br />entered into by the Director of Finance, in the name and on behalf of the City, in connection with <br />the book entry system. <br />(e) Redemption Provisions. The Bonds shall be subject to redemption prior to stated <br />maturity as follows: <br />(i) If any of the Bonds are issued as Term Bonds, the Term Bonds shall be <br />subject to and redeemed pursuant to Mandatory Sinking Fund Redemption on the <br />Mandatory Sinking Fund Redemption Dates applicable to the Term Bonds set forth in the <br />Final Terms Certificate at a price equal to 100% of the principal amount of the Term <br />Bonds to be redeemed plus accrued interest to the applicable Mandatory Sinking Fund <br />Redemption Date. <br />The City shall have the option to deliver to the Bond Registrar for cancellation <br />Tetm Bonds in any aggregate principal amount and to receive a credit against the then <br />current or any subsequent Mandatory Sinking Fund Redemption (and corresponding <br />mandatory redemption obligation) of the City for Term Bonds stated to mature on the <br />same Principal Payment Date as the Term Bonds so delivered. That option shall be <br />exercised by the City on or before the 15th day preceding any Mandatory Redemption <br />Date with respect to which the City wishes to obtain a credit, by furnishing the Bond <br />Registrar a certificate, signed by the Director of Finance, setting forth the extent of the <br />credit to be applied with respect to the then cwrent or any subsequent Mandatory Sinking <br />Fund Redemption for Term Bonds stated to mature on the same Principal Payment Date. <br />If the certificate is not timely furnished to the Bond Registrar, the current Mandatory <br />Sinking Fund Redemption (and corresponding mandatory redemption obligation) shall <br />not be reduced. A credit against the then current or any subsequent Mandatory Sinking <br />Fund Redemption (and conesponding mandatory redemption obligation) also shall be <br />received by the City for any Term Bonds which prior thereto have been redeemed (other <br />than through the operation of the applicable Mandatory Sinking Fund Redemption) or <br />purchased for cancellation and canceled by the Bond Registrar, to the extent not applied <br />theretofore as a credit against any Mandatory Sinking Fund Redemption, for Term Bonds <br />stated to mature on the same Principal Payment Date as the Term Bonds so redeemed or• <br />purchased and canceled. <br />Each Term Bond so delivered, or previously redeemed, or purchased and <br />canceled, shall be credited by the Bond Regishar at 100% of the principal amount thereof <br />against the then current or• subsequent Mandatory Sinking Fund Redemption (and <br />conesponding mandatory redemption obligations) for Term Bonds stated to mature on <br />the same Principal Payment Date as the Tettn Bonds so delivered, redeemed or purchased <br />and canceled. <br />(ii) Certain maturities of the Bonds may be subject to optional redemption by <br />and at the sole option of the City, in whole ot• in part in integral multiples of $5,000 on <br />the dates, in the years and at the redemption prices (expressed as a percentage of the <br />principal amount to be redeemed), plus accrued interest to the redemption date, all to be <br />6 <br />