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1998-10-19 Resolution 130
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1998-10-19 Resolution 130
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7/16/2008 2:35:48 PM
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7/16/2008 2:17:31 PM
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• 100% of the principal amount thereof, plus accrued interest to the redemption date, <br />but without premium on the date and in the principal amounts indicated below: <br />Date Amount <br />(final maturity) <br />The Trustee shall credit against the mandatory sinking fund requirement for the <br />Bonds maturing as term bonds, and corresponding mandatory redemption obligations, in the order <br />determined by the Authority, any Bonds maturing as term bonds which have previously been <br />redeemed (otherwise than as a result of a previous mandatory redemption requirement) or delivered <br />to the Trustee for cancellation or purchased for cancellation by the Authority and not theretofore <br />applied as a credit against any redemption obligation. Each Bond maturing as a term bond so <br />delivered or canceled shall be credited by the Trustee at 100% of the principal amount thereof <br />against the mandatory sinking fund obligation on such mandatory sinking fund date, and any excess <br />of such amount shall be credited on future redemption obligations, and the principal amount of the <br />Bonds to be redeemed by operation of the mandatory sinking fund requirement shall be accordingly <br />reduced; provided, however, the Trustee shall only credit such Bonds maturing as term bonds to the <br />extent received on or before 45 days preceding the applicable mandatory redemption date. <br />• If this Bond is so called for redemption, and payment is made to the Trustee in <br />accordance with the terms of the Agreement, this Bond shall cease to beaz interest or to be entitled <br />to the lien of the Agreement from and after the date fixed for the redemption in the call. <br />In case an event of default, as defined in the Agreement, occurs, the principal of this <br />Bond may become or may be declared due and payable prior to the stated maturity hereof, in the <br />manner, and with the effect, and subject to the conditions provided in the Agreement. <br />This Bond is transferable by the registered owner hereof at the principal office of <br />Norwest Bank Indiana, N.A., upon surrender and cancellation of this Bond and on presentation of <br />a duly executed written instrument of transfer and thereupon a new Bond or Bonds of the same <br />aggregate principal amount and maturity and in authorized denominations will be issued to the <br />transferee or transferees in exchange therefor. This Bond may be exchanged upon surrender hereof <br />at the principal office of Norwest Bank Indiana, N.A., duly endorsed by the owner for the same <br />aggregate principal amount of Bonds of the same maturity in authorized denominations as the owner <br />may request. <br />The Authority and the Trustee may deem and treat the person in whose name this <br />Bond is registered as the absolute owner hereof. <br />• <br />::ODMA\PCDOCS\SBDOCS 1\24203\2 ' 1 ~' <br />
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