1998-10-19 Resolution 130 - Laserfiche WebLink

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• It is anticipated that the final total principal amount of the Bonds and the final principal amount of each maturity for the Bonds will be communicated to the successful bidder by 3:00 p.m. (South Bend time) on the date of the sale. The changes made to the total principal amount and the principal amount of each maturity for the Bonds will be made only as necessary to effect the refunding described herein, but the coupon rates specified by the successful bidder for all maturities will not change. The successful bidder may not withdraw its bid as a result of any changes made within these limits. Principal payments on the Bonds will be payable at the principal office of Norwest Bank, N.A., Fort Wayne, Indiana, as Trustee under the Trust Agreement (defined below) (the "Trustee"). Payments of interest on the Bonds will be paid by check or draft mailed one business day prior to the interest payment date to the person in whose name each Bond is registered on the fifteenth day of the month immediately preceding the interest payment date. The Bonds may be transferred or exchanged at the principal office of the Trustee subject to the terms and conditions of the Trust Agreement dated as of the first day of November, 1998 (the "Trust Agreement"), pursuant to which the Bonds are being issued. Bonds maturing on or after March 1, 2007, may be redeemed prior to rnattxrity at the option of the Authority in whole or in part, in .whole multiples. of .$5,000,. in order of maturities selected by the Authority and by lot within maturities, on any date not earlier than March 1, 2006, at a price equal to the applicable percentage set out below of the principal amount of the Bonds so redeemed plus interest accrued on the Bonds so redeemed to the date fixed for • redemption: Redemption Period (Both Dates. Inclusive) Redemption Price March 1, 2006, through February 28, 2007 102% March 1, 2007, through February 29, 2008 101 March 1, 2008, and thereafter 100% The Bonds may be aggregated into one or more term bonds payable from mandatory sinking fund redemption payments (the "Term Bonds") at the option of the successful bidder which option must state a maturity or maturities of the Term Bonds of March 1. The Term Bonds shall be subject to mandatory sinking fund redemption prior to maturity at a redemption price equal to one hundred percent (100%) of the principal amount thereof, plus accrued interest to the redemption date, but without premium, on March 1 of each year in the principal amounts corresponding to and consistent with the maturity schedule for the Bonds set forth herein (subject to change as provided herein). Official notice of such redemption shall be given pursuant to the terms and conditions of the Trust Agreement. Any person interested in submitting a bid for the Bonds must furnish in writing to the Authority, Crowe Chizek, 2000 Market Tower, 10 West Market Street, Indianapolis, Indiana 46204-2976, telephone (317) 269-6680, facsimile (317) 635-6127, on or before 4:00 p.m. (EST), November 6, 1998, the person's name, address and telephone number. The person may also • furnish a telex or facsimile number. The undersigned Secretary-Treasurer will cause each person so registered to be notified of the date and time bids will be received not less than 24 hours before the date and time of sale. The notification shall be made by telephone at the -4-