Ordinance 1989-0997 - Laserfiche WebLink

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be made or act performed on the next succeeding day which is not a legal holiday or a day on which the principal office of the Paying Agent or Bond Registrar is authorized or required by law to remain closed. The principal of, premium if any, and interest on the Bonds shall be paid in accordance with the terms of the Paying Agent and Registrar Agreement. Section 5. Prior Redemption. Bonds maturing on and after December 1, 1999, are subject to redemption prior to maturity, at the option of the City, as a whole or in integral multiples of $5,000, in any order of maturity, on June 1, 1998, and on any interest payment date thereafter, upon paYment of par, accrued interest, and a premium of 1.00% of the principal amount so redeemed. Bonds maturing on December 1, 2002, also are subject to mandatory sinking fund redemption, in part, by lot, on December 1, 2001, and on each December 1 thereafter prior to the maturity date of such Bonds, upon payment of par and accrued interest, without redemption premium, in the annual amounts set forth below: Redemption Amount 2001 $350,000 2002 375,000 (final maturity, not a sinking fund payment) Bonds maturing on December 1, 2009, also are subject to mandatory sinking fund redemption, in part, by lot, on December 1, 2005, and on each December 1 thereafter prior to the maturity date of such Bonds, upon paYment-of par and accrued interest, without redemption premium, in the annual amounts set forth below: Redemption Amount 2005 $505,000 2006 540,000 2007 580,000 2008 620,000 2009 665,000 (final maturity, not a sinking fund payment) - 10 -