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Principal <br />Year Amount <br />• <br />1996 $ 40,000 <br />1997 100,000 <br />1998 115,000 <br />1999 150,000 <br />2000 175,000 <br />2001 190,000 <br />2002 200,000 <br />2003 225,000 <br />2004 250,000 <br />2005 275,000 <br />2006 365,000 <br />2007 390,000 <br />2008 425,000 <br />2009 450,000 <br />2010 480,000 <br />2011 515,000 <br />2012 550,000 <br />Principal payments on the Bonds will be payable at the <br />principal office of First Interstate Bank of Northern Indiana, <br />N.A., as Trustee under the Trust Agreement (defined below) (the <br />"Trustee"). Payments of interest on the. Bonds will be paid by <br />check or draft mailed one business day prior to the interest • <br />payment date to the person in whose name each Bond is registered <br />on the fifteenth day of the month immediately preceding the <br />interest payment date. <br />Bonds maturing on or after February 1, 2003, may be <br />redeemed prior to maturity at the option of the Authority in <br />whole or in part, in whole multiples of $5,000, in inverse order <br />of maturity and by lot within maturities, on any date not earlier <br />than February 1, 2002, from any monies made available for that <br />purpose, at face value and without premium, plus accrued interest <br />to the date fixed for redemption. The Bonds may be transferred <br />or exchanged at the principal office of the Trustee subject to <br />C7 <br />-v- <br />