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Certificated Bonds issuable hereunder shall be in <br /> substantially the form of the Bonds registered in the name of the <br /> Securities Depository Nominee with such changes as are necessary to <br /> reflect the provisions of this resolution that are applicable to <br /> Certificated Bonds. <br /> <br /> Section 4. The Bonds maturing prior to February 1, 2008 will <br />not be subject to redemption prior to maturity. The Bonds maturing <br />on February 1, 2008 and thereafter will be redeemable, at the <br />option of the Issuer, from any moneys that may be made available <br />for such purpose, either in whole or in part on any date not <br />earlier than February 1, 2007, at the principal amount of the Bonds <br />to be redeemed, together with interest accrued thereon to the date <br />fixed for redemption, plus a redemption premium of 1/2 of 1% of the <br />principal amount of each Bond to be redeemed for each period of 12 <br />months or part thereof between the redemption date and the maturity <br />date of such Bond, such premium not to exceed 2% of such principal <br />amount. <br /> <br /> If less than all of the Bonds of any one maturity shall be <br />called for redemption then, subject to the immediately following <br />sentence, the particular Bonds or portions of Bonds of such <br />maturity to be redeemed shall be selected by lot in such manner as <br />the Issuer in its discretion may determine; provided, however, that <br />the portion of any Bond to be redeemed shall be in the principal <br />amount of $5,000 or some whole multiple thereof and that, in <br />selecting Bonds for redemption, each Bond shall be considered as <br />representing that number of Bonds which is obtained by dividing the <br />principal amount of such Bond by $5,000. So long as a book-entry <br /> <br />18 <br /> <br /> <br />