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Payment Date, (iv) the aggregate principal amount of Current Interest Bonds to be issued as Term <br />Bonds, the Principal Payment Date or Dates on which those Bonds shall be stated to mature, the <br />principal amount thereof that shall be stated to mature on each such Principal Payment Date, the <br />Principal Payment Date or Dates on which Term Bonds shall be payable pursuant to Mandatory <br />Redemption Requirements (Mandatory Redemption Dates) and the principal amount thereof that <br />shall be payable pursuant to Mandatory Redemption Requirements on each Mandatory Redemption <br />Date, and (v) the aggregate principal amount of the Bonds to be issued as Capital Appreciation Bonds, <br />if any, and the corresponding aggregate Maturity Amount of any such Bonds, the Principal Payment <br />Date or Dates on which any such Bonds shall be stated to mature, and the principal amount and <br />corresponding Maturity Amount thereof that shall be payable on each such Principal Payment Date. <br />(c) Conditions for Establishment of Interest Rates and Principal Payment Dates and <br />Amounts. The rate or rates of interest per year to be borne by the Current Interest Bonds and the <br />compounding rate or rates of interest per year to be borne by any Capital Appreciation Bonds, and the <br />principal amount of Current Interest Bonds maturing or payable pursuant to Mandatory Redemption <br />Requirements on each Principal Payment Date and the Maturity Amount of any Capital Appreciation <br />Bonds payable on each Principal Payment Date, shall be such that the total amount of principal and <br />interest payments on the Bonds in any fiscal year in which principal is payable is not more than three <br />times the total amount of those payments in any other such fiscal year. The weighted average of the <br />rate or rates of interest per year to be borne by the Bonds, determined by taking into account the <br />respective principal amounts of the Bonds and terms to maturity or mandatory redemption, as <br />applicable, of those principal amounts of Bonds, shall not exceed 5% per year. <br />(d) Pavment of Debt Charges. The debt charges on the Bonds shall be payable in <br />lawful money of the United States of America without deduction for the services of the Bond <br />Registrar as paying agent. Principal of and any premium on the Current Interest Bonds, and principal <br />of and interest on any Capital Appreciation Bonds, shall be payable when due upon presentation and <br />surrender of the Bonds at the principal corporate trust office of the Bond Registrar. Interest on a <br />Current Interest Bond shall be paid on each Interest Payment Date by check or draft mailed to the <br />person in whose name the Bond was registered, and to that person's address appearing, on the Bond <br />Register at the close of business on the 15th day of the calendar month next preceding that Interest <br />Payment Date. Notwithstanding the foregoing, if and so long as the Bonds are issued in a book entry <br />system, principal of and interest and any premium on the Bonds shall be payable in the manner <br />provided in any agreement entered into by the Director of Finance, in the name and on behalf of the <br />City, in connection with the book entry system. <br />The City reserves the right to order the Bond Registrar to return to it any money held by <br />the Bond Registrar for the payment of (i) checks or drafts for the payment of interest on the Bonds or <br />(ii) principal of Bonds, which checks, drafts or Bonds have not been presented for payment within <br />four years following the date on which payment of the interest or principal represented thereby came <br />due. Thereafter, the registered owners shall look only to the City for payment of the interest and <br />principal represented by those checks, drafts and Bonds. <br />(e) Redemption Provisions. The Capital Appreciation Bonds, if any, shall not be <br />subject to redemption priar to maturity. Except as otherwise specified by the Mayor and the Director <br />of Finance in the Certificate of Award consistently with their determination of the best interest of and <br />financial advantages to the City, the Current Interest Bonds shall be subject to redemption prior to <br />stated maturity as follows:. <br />-6-