Ordinance 1433-88 - Laserfiche WebLink

payments required to be made therefor into the 1988 Sinking Fund Account, at a price of par plus accrued interest to the date of redemption: Year Amount 2004 $3 , 515, 000 2005 3 , 795, 000 2006 4, 095, 000 2007 4, 415, 000 For the purpose of selection of Bonds for mandatory redemption as set forth above, each $5, 000 principal amount of 1988 Bonds shall be treated as a separate 1988 Bond. The principal amount of any 1988 Term Bonds redeemed pursuant to the optional redemption provisions of the foregoing paragraph of this Section 7 .A may be deducted from the principal amount of 1988 Term Bonds required to be redeemed on the next mandatory redemption date . B. Notice of Call . Unless waived by any holder of 1988 Bonds to be redeemed, official notice of any such redemption shall be given by the Bonds Registrar or behalf of the City by mailing a copy of an official redemption notice by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the date fixed for redemption to the registered owner of the 1988 Bond or Bonds to be redeemed at the address shown on the Bond Register or at such other address as is furnished in writing by such registered owner to the Bond Registrar. All official notices of redemption shall be dated and shall state: ( 1) the redemption date, (2 ) the redemption price, (3 ) if less than all outstanding 1988 Bonds are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the 1988 Bonds to be redeemed, -20- KR180 88/01/11