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<br />registered form in the denomination of $5,000 each or any integral
<br />• multiple thereof; and shall bear interest payable on January 15,
<br />1993 and semiannually on each January 15 and July 15 thereafter.
<br />The Bonds shall mature and become due and payable on July 15 in
<br />each of the years 1993 to 2007, both inclusive, in the principal
<br />amounts set forth opposite each such year below, with the Bonds
<br />maturing in each such year bearing interest at the rate per annum
<br />set forth opposite such year, as follows:
<br />Principal Interest Principal Interest
<br />Year Amount * Rate Year Amount * Rate
<br />1993$
<br />25,000
<br />4.5%
<br />2001 $
<br />290,000
<br />5.2%
<br />1994
<br />60,000
<br />4.5
<br />2002
<br />285,000
<br />5.3
<br />1995
<br />65,000
<br />4.5
<br />2003
<br />525,000
<br />5.35
<br />1996
<br />310,000
<br />4.5
<br />2004
<br />520,000
<br />5.4
<br />1997
<br />305,000
<br />4.5
<br />2005
<br />510,000
<br />5.5
<br />1998
<br />300,000
<br />4.7
<br />2006
<br />250,000
<br />5.6
<br />1999
<br />300,000
<br />4.9
<br />2007
<br />250,000
<br />5.6
<br />2000
<br />295,000
<br />5.1
<br />(ii) The Bonds maturing on and before July 15, 2001 shall
<br />not be subject to redemption prior to their stated maturities. The
<br />Bonds maturing on and after July 15, 2002 (or portions thereof in
<br />installments of $5,000) shall be subject to redemption at the
<br />option of the City prior to their stated maturities on or after
<br />July 15, 2001, in whole at any time, or in part from time to time
<br />• on any interest payment date, in such order as may be determined by
<br />the City (except that if at any time less than all of the Bonds of
<br />a given maturity are called for redemption, the particular Bonds or
<br />portions thereof in installments of $5,000 of such maturity to be
<br />redeemed shall be selected by lot), upon payment of the principal
<br />amount of the Bonds to be redeemed, together with the interest
<br />accrued thereon to the date fixed for the redemption, plus a
<br />premium of one-quarter (1/4) of one percent (1%) of the principal
<br />amount of each Bond to be redeemed for each twelve (12) month
<br />period or fraction thereof from and excluding the date fixed for
<br />redemption to and including the stated maturity date of such Bond.
<br />(iii) If any Bond (or portion thereof in installments
<br />of $5,000) shall be redeemed, notice of the redemption thereof,
<br />specifying the date, number and maturity of such Bond, the date and
<br />place or places fixed for its redemption, the premium, if any,
<br />payable upon such redemption, and if less than, the entire principal
<br />amount of such Bond is to be redeemed, that such Bond must be
<br />surrendered in exchange for payment of the principal amount thereof
<br />to be redeemed and a new Bond or Bonds issued equalling in
<br />principal amount that portion of the principal amount of such Bond
<br />not to be redeemed, shall be mailed not less than thirty (30) days
<br />prior to the date fixed for redemption, by first class mail,
<br />postage prepaid, to the registered owner of such Bond at his
<br />address as it appears on the books of registry kept by Crestar
<br />• Bank, in the City of Richmond, Virginia, as registrar for the Bonds
<br />(the "Registrar"), as of the close of business on the forty-fifth
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