|
<br />.
<br />
<br />.
<br />
<br />.
<br />
<br />.
<br />" .
<br />
<br />or at such other place in California as the Agency may approve,
<br />sufficient books for the registration and transfer of the
<br />Bonds. The books shall at all times be open to inspection by
<br />the Agency; and, upon presentation for such purpose, the Fiscal
<br />Agent shall under such reasonable regulations as it may
<br />prescribe, register or transfer, or cause to be registered or
<br />transferred, on the register, the Bonds as hereinbefore
<br />provided.
<br />
<br />Section 11. Call and Redemption and Purchase of Bonds
<br />Prior to Maturity.
<br />
<br />A. Optional Redemption. The Bonds maturing on or
<br />be.fore December 1, 1993, are not subject to call and redemption
<br />prior to maturity. The Bonds maturing on or after December 1,
<br />1994, may be called before maturity and redeemed at the option
<br />of the Agency, in whole from the proceeds of refunding bonds
<br />and other available funds, or in whole or in part from any
<br />other source on December 1, 1993, or on any interest payment
<br />date thereafter, prior to maturity, in inverse order of
<br />maturity and by lot within any maturity. Bonds called for
<br />redemption shall be redeemed at a redemption price for each
<br />redeemed Bond equal to its principal amount, plus accrued
<br />interest to the redemption date plus any premium as may be set
<br />forth in the following schedule:
<br />
<br />Redemption
<br />Dates
<br />
<br />Redemption
<br />Price
<br />
<br />December 1,
<br />December 1,
<br />December 1,
<br />December 1,
<br />December 1,
<br />
<br />1993 or June 1, 1994
<br />1994 or June 1, 1995
<br />1995 or June 1, 1996
<br />1996 or June 1, 1997
<br />1997 and thereafter
<br />
<br />102%
<br />101 1/2%
<br />101%
<br />100 1/2%
<br />100%
<br />
<br />B. Redemption By Operation of Minimum Sinking
<br />Account Payments. The Bonds maturing on December 1,2009,
<br />are subject to mandatory redemption by lot in part from sinking
<br />fund payments at a redemption price equal to 100% of the
<br />principal amount of the Bonds plus accrued interest, if any, to
<br />the redemption date without premium, The Minimum Sinking
<br />Account Payments shall be made as provided in Section 15(b) in
<br />an amount sufficient to redeem the principal amount of Term
<br />Bonds as follows:
<br />
<br /> Principal Principal
<br />Year Amount Year Amount
<br />2000 $ 695,000 2006 $1,105,000
<br />2001 760,000 2007 1,310,000
<br />2002 830,000 2008 1,435,000
<br />2003 910,000 2009 1,570,000
<br />2004 1,000,000
<br />2005 1,095,000
<br />05-01-83
<br />4439P/2306jOO -10-
<br />
|