|
• The Bonds of this issue maturing on or after 1, , may be redeemed
<br />prior to maturity at the option of the Authority in whole or in part in whole
<br />multiples of $5,000, in amounts and maturities selected by the Authority and by
<br />lot within maturities, on any date not earlier than 1, , from any
<br />monies made available for that purpose, at face value plus accrued interest to
<br />the date fixed for redemption together with a premium -of two percent (2.06) if
<br />redeemed on 1, , or thereafter on or before ;
<br />one percent (1.0 %) if redeemed on 1, , or thereafter on or before
<br />, and without premium thereafter; provided notice has been given
<br />by first -class mail to the registered owners of all Bonds to be redeemed. If
<br />this Bond is so called for redemption, and payment is made to the Trustee in
<br />accordance with- the terms of the Agreement, this Bond shall cease to bear
<br />interest or to be entitled to the lien of the Agreement from and after the date
<br />fixed for the redemption in the call notice.
<br />In addition, and subject to the provisions of the Agreement
<br />permitting amounts to be credited toward a part or all of mandatory sinking fund
<br />requirements in inverse order of mandatory redemption dates, the Bonds maturing
<br />August 1, 2014, are subject to redemption in part through application of
<br />mandatory sinking fund payments as provided in the Indenture beginning on
<br />February 1, 2008, and on each August 1 and February 1 thereafter to maturity,
<br />at a redemption price equal to 100% of the principal amount thereof, plus accrued
<br />interest to the redemption date, but without premium, on the dates and in the
<br />principal amounts indicated below:
<br />isDate Principal Amount
<br />February
<br />1, 2008
<br />$
<br />August 1,
<br />2008
<br />$
<br />February
<br />1, 2009
<br />$
<br />August 1,
<br />2009
<br />$
<br />February
<br />1, 2010
<br />$
<br />August 1,
<br />2010
<br />$
<br />February
<br />1, 2011
<br />$
<br />August 1,
<br />2011
<br />$
<br />February
<br />1, 2012
<br />$
<br />August 1,
<br />2012
<br />$
<br />February
<br />1, 2013
<br />$
<br />August 1,
<br />2013
<br />$
<br />February
<br />1, 2014
<br />$
<br />August 1,
<br />2014
<br />$
<br />In case an event of default, as defined in the Agreement, occurs, the
<br />principal of this Bond may become or may be declared due and payable prior to
<br />the stated maturity hereof, in the manner, and with the effect, and subject to
<br />the conditions provided in the Agreement.
<br />This Bond is transferable by the registered owner hereof at the principal
<br />office of Norwest Bank Indiana, N.A., upon surrender and cancellation of this
<br />• —10—
<br />
|