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<br />Maturities. The Bonds shall mature on the dat es and in the
<br />principal amounts, and shall bear interest at the rates, set forth in the
<br />following schedule:
<br />
<br />.
<br />
<br />Maturity Maturity
<br />Date Interest Date Interest
<br />.2!ili..l ~ Rate Ju1 y 1 ~ Rate e.
<br />1982 $ 95,000 1987 $130,000
<br />1983 100,000 1988 140,000
<br />1984 110,000 1989 150,000
<br />1985 115,000 1990 165,000
<br />1986 120,000 1991 175,000
<br />
<br />The 80nds maturing July 1, 1982, to July 1, 1991, inclusive, shall be
<br />Serial Bonds, and the Bonds maturing July 1, 2000, and July 1, 2011, shall be
<br />Term Bonds.
<br />
<br />Place of Payment. The Trustee, Security Pacific National Bank, at
<br />its Principal Office in the City of Los Angeles, State of California, is
<br />hereby appointed as a Paying Agent. Principal and Redemption Price of and
<br />interest on coupon bearer Bonds shall be payable at the Principal Office of
<br />the Trustee or at the option of the Holder, at the Principal Office of any
<br />Paying Agent hereafter approved by the Agency. The princi pal and Redemption
<br />Price of Fully Registered Bonds shall be payable at the Principal Office of
<br />the Trustee, Los Angeles, California. Interest on Fully Registered Bonds
<br />shall be payable by check or draft of the Trustee mailed to the registered
<br />owner.
<br />
<br />203.
<br />
<br />Redemption at the Option of the Agency and Terms.
<br />
<br />.
<br />.
<br />
<br />A. The Bonds maturing on and after July 1, 1991, shall be subject to
<br />redemption at the option of the Agency from proceeds of refunding bonds or any
<br />other source of funds (including the proceeds of sale of Mortgage Loans and
<br />moneys in any Fund or Account), in whole and not in part, on or after July 1,
<br />1990, in the manner provided in Article IV of the Resolution, on any Interest
<br />Payment Date and prior to their respective maturities, upon notice as provided
<br />in Article IV of the Resolution, and when so redeemed in any period sho\\fl in
<br />the following table, at a Redemption Price equal to par plus accrued interest
<br />to the redemption date plus a redemption premium (expressed as a percentage of
<br />the principal amount so redeemed) shown in the following Redemption table:
<br />
<br />Period
<br />(Both Dates Inclusive)
<br />
<br />Premiums
<br />
<br />July 1,
<br />July 1,
<br />July 1,
<br />July 1,
<br />July l,
<br />
<br />1990, to June 30, 1991
<br />1991, to June 30, 1992
<br />1992, to June 30, 1993
<br />1993, to June 30, 1994
<br />1994, and thereafter
<br />
<br />2 %
<br />1-l/2%
<br />1 %
<br />1/2%
<br />0%
<br />
<br />e
<br />8
<br />
<br />4
<br />
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