1990-12-17 Resolution 26 - Laserfiche WebLink

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Year Amount Year Amount 199 6 $ 40,000 2005 $255,000 1997 50,000 2006 280,000 1998 90,000 2007 310,000 1999 125,000 2008 340,000 2000 145,.000 2009 380,000 2001 165,000 2010 420,000 2002 190,000 2011 460,000 2003 210,000 2012 510,000 2004 230,000 Section 3. The Bonds maturing on or after August 1, 1996, may be redeemed prior to maturity, at the option of the Authority in whole or in part in whole multiples of $5,000, in inverse order of maturity and by lot within maturities, on any date not earlier than August 1, 1992, 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 three percent (3%) if redeemed on August 1, 1992, or thereafter on or before July 31, 2000; two percent (2%) if redeemed on August 1, 2000, or thereafter on or before July 31, 2001; one percent (1%) if redeemed on August. 1, 2001, or thereafter on or before July 31, 2002; and without premium thereafter. Section 4. Said Bonds shall be issued in accoraance with and shall be secured by a trust agreement substantially in the form of a Trust Agreement as submitted to this meeting, with such changes as the President and the Secretary of the Authority deem necessary or appropriate to effectuate these resolutions and to consummate the sale of the Bonds, said officers' execution and -3- \rlhill\sthbnd\airport\resoluti\ra-auth.2;tmg;12/14/90;