Resolution 04-27 - Laserfiche WebLink

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this Bond. Until termination of the book-entry only system pursuant to the Resolution,Bonds may only be registered in the name of the Depository or its Nominee. Optional Redemption. All Bonds of this issue(the "Bonds")maturing on February 1, 2010, and thereafter are subject to redemption and prepayment at the option of the Issuer on February 1, 2009, and on any date thereafter at a price of par plus accrued interest. Redemption maybe in whole or in part of the Bonds subject to prepayment. If redemption is in part, those Bonds remaining unpaid which have the latest maturity date shall be prepaid first; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected Holder of the Bonds at least thirty(30) days prior to the date fixed for redemption. Mandatory Redemption. Bonds maturing on February 1, 2013 (the "Term Bonds") shall be redeemed by lot on February 1 in the following years and principal amounts, at their principal amount,without any premium,plus accrued interest thereon to such redemption date(after any credits are made as provided below): Mandatory Redemption Schedule February 1,2013 Term Bond(inclusive) Year Principal Amount 2011 $35,000 2012 35,000 2013 (maturity) 40,000 or, if less than such amount is then outstanding, an amount equal to the aggregate principal amount of the Bonds then outstanding. The Issuer may, at its option to be exercised on or before the thirtieth day next preceding any date specified in the Mandatory Redemption Schedule above, deliver to the Bond Registrar written notice, which shall (i) specify a principal amount of the Bonds previously redeemed (otherwise than pursuant to the above Mandatory Redemption Schedule) or purchased and cancelled by the Bond Registrar and not theretofore applied as a credit against any redemption of Bonds pursuant to the above Mandatory Redemption Schedule, and(ii) instruct the Bond Registrar to apply the principal amount of the Bonds so delivered or previously redeemed or purchased and cancelled for credit against the principal installments to be prepaid pursuant to the Mandatory Redemption Schedule and selected by the Issuer. Each such Bond so delivered or previously redeemed or purchased and cancelled shall be credited by the Bond Registrar against the principal installments to be prepaid pursuant to the Mandatory Redemption Schedule and selected by the Issuer. 1693357v1 9