1998-01-21 Resolution 117 - Laserfiche WebLink

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• Bonds). The Bonds shall mature semiannt.~~11~ on February 1 and August. l in the years and in the amounts as determined by Authority prior to the publication of the notice of intent to sell the Bonds. The final maturity for the Bonds shall be February 1, 2017, or such earlier final maturity date as may be set forth in the Issuer's Certificate described herein. The terms of the Bonds shall be set forth in an Issuer's Certificate to be executed by the President or Vice-President of the Authority (the "Issuer's Certificate") prior to the sale of the Bonds. The Bonds will be fully registered in the name of CEDE & Co., as nominee of The Depository Trust Company, New York, New York, to which principal and interest payments on the Bonds will be paid. Section 3. The Bonds maturing on or after February 1, 2006, may be redeemed prior to maturity, at the option of the Authority in whole or in part in whole multiples of $5,000, in order of maturity determined by the Authority and by lot within maturities, on any date not earlier • than August 1, 2005, from any moneys made available for that purpose, at face value plus accrued interest to the date fixed for redemption together with a premium of one percent (1%) if redeemed on August 1, 2005, or thereafter on or before July 31, 2006; and without premium thereafter. At the option of the successful bidder for the Bonds, all or a portion of the Bonds may be aggregated. into one or more term bonds payable from mandatory sinking fund redemption payments (the "Term Bonds") required to be made as set forth in the Trust Agreement. The Term Bonds shall have a stated maturity or maturities on February 1 and August 1 of the years beginning February 1, 2000, through February 1, 2017, or such other years as may be set forth in the Issuer's Certificate or as determined by the successful bidder. Section 4. Norwest Bank Indiana, N.A., Fort Wayne, Indiana, is hereby appointed to serve as trustee (the "Trustee") in connection with the issuance of the Bonds to finance the Project. • -3- ::ODMA\PCDOCS\SBDOCS 1\5980\1