1998-10-19 Resolution 130 - Laserfiche WebLink

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• 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 maturity 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 -3- :ODMA\1'CDOCS\SBDOCS 1\24381\1