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prior to maturity, at a redemption price equal to the princi- <br /> <br />pal amount thereof plus the following premiums (percentage <br />of par value) if redeemed at the following times: <br /> <br />REDEMPTION ,DATES AND <br /> <br />PREMZUNS <br /> <br />On or And On or And <br />After Prior to After Prior to <br />July 1 July 1 Premium July 1 July 1 Premium <br /> <br />1974 1975 4% 1980 1981 1-1/4% <br />1975 1976 3-1/2% 1981 1982 1% <br />1976 1977 3% 1982 1983 3/4% <br />1977 1978 2-1/2% 1983 1984 <br />1978 1979 2% 1984 1985 1/4% <br />1979 1980 1-1/2% 1985 Maturity -0- <br /> <br />All or any of the bonds subject to call may be called for <br />redemption at any one time. If less than all of the bonds <br />are redeemed at any one time, such bonds shall be redeemed <br />only by lot. The interest payment date on which bonds are <br />to be presented for redemption is hereinafter sometimes called <br />the "redemption date." <br /> <br /> PURPOSE OF ISSUE: Said bonds were authorized for <br />the acquisition and construction of additions to the water <br />system for the City of Santa Ana. 1962 Water Revenue Bonds, <br />Series A, consisting of $3,000,000 of a total authorized <br />amount of $6,950,000, dated July l, 1962, have previously <br />been issued and sold. <br /> <br /> SECURITY: Said bonds are issued pursuant to <br /> <br />the Revenue Bond Law of 1941 (Government Code 54300 et seq.) <br />and the Charter of the City of Santa Ana. Said bonds are <br />equally secured by a pledge, charge and lien upon the <br />gross revenues of the entire water system of the City of <br />Santa Aha, together with all additions and improvements to <br /> <br /> <br />