1984-20 CRA - Laserfiche WebLink

Home Browse Search

. interest payment date next succeeding the date the Fiscal Agent determines that current market conditions prohibit the investment of all or a portion of the proceeds remaining in the Escrowed Proceeds Fund at a rate at least equal to the true interest rate on the Special Term Bonds. For the purpose of selecting Bonds by lot, Bonds in excess of $5,000 will be assigned a separate number for each $5,000 of principal they represent. C. Sinking Account Redemption. The Term Bonds maturing on January 1, 2013 shall be subject to minimum sinking fund redemptions at a redemption price equal to lOO% of the principal amount thereof, plus accrued interest, if any, to the redemption date without premium, on January 1 in each of the following years and amounts: Principal Principal Year Amount Year Amount 2001 $235,000 2008 $475,000 2002 260,000 2009 525,000 2003 285,000 20l0 580,000 . 2004 3l5,000 2011 640,000 2005 350,000 2012 710,000 2006 385,000 2013 785,000 2007 425,000 The Special Term Bonds maturing on January 1, 20l4 shall be subject to minimum sinking fund redemptions at a redemption price equal to lOO% of the principal amount thereof, plus accrued interest, if any, to the redemption date without premium, on January 1 in each of the following years and amounts: . Principal Principal Year Amount Year Amount 2001 $275,000 2008 $ 560,000 2002 305,000 2009 620,000 2003 340,000 20l0 690,000 2004 375,000 2011 765,000 2005 415,000 2012 845,000 2006 460,000 2013 935,000 2007 5l0,000 2014 1,905,000 D. Call and Redemption; Notice of Redemption. The Agency may (and, if required by Section 15 hereof, shall) by resolution direct the call and redemption prior to maturity of Bonds by the Fiscal Agent pursuant to Section llA hereof in such amounts as there are funds available for use in redemption and shall give notice to the Fiscal Agent of the redemption at 11-30-84 1282p/2281/04 -10-