COM 1109.000 2020-2022 - Laserfiche WebLink

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In addition,the Term Bonds maturing on May 15 of the years 20_, 20_, 20_and 20_are subject to annual mandatory sinking fund redemption prior to maturity commencing on May 15 of the years 20_, 20_, 20 and 20 , respectively, in part, by lot, from Sinking Fund Payments (as defined in the Indenture) at a redemption price equal to the principal amount thereof, plus accrued interest to the date of redemption, without premium, to the extent, in the manner and subject to the terms of the Indenture. In the event of a partial redemption of Term Bonds, other than as a result of Sinking Fund Payments, each of the remaining Sinking Fund Payments for the Term Bonds that were partially redeemed will be reduced, as nearly as practicable, on a pro rata basis. The Bonds are also subject to special mandatory redemption on any Interest Payment Date, in whole or in part, from certain funds derived from the prepayment of Special Taxes, at the following redemption prices, expressed as a percentage of the principal amount thereof, together with accrued interest to the date of redemption: Redemption Dates Redemption Prices Prior to 15, 20_ 103% 15,20_ through 15, 20_ 102 15,20_through 15, 20_ 101 15, 20 and thereafter 100 Notice of redemption with respect to the Bonds to be redeemed shall be mailed to the registered owners thereof not less than 30 nor more than 60 days prior to the redemption date by first class mail, postage prepaid, to the addresses set forth in the registration books. Neither a failure of the Registered Owner hereof to receive such notice nor any defect therein will affect the validity of the proceedings for redemption. All Bonds or portions thereof so called for redemption will cease to accrue interest on the specified redemption date; provided that funds for the redemption are on deposit with the Trustee on the redemption date. Thereafter, the registered owners of such Bonds shall have no rights except to receive payment of the redemption price upon the surrender of the Bonds. The County, solely for the convenience to the Bondowners, has caused CUSIP (Committee on Uniform Security Identification Procedures) numbers to be printed on the 2022 Bonds and has directed the Trustee to use CUSIP numbers in notices of redemption for the 2022 Bonds. No representation is made as to the accuracy of such numbers either as printed on the 2022 Bonds or as contained in any notice of redemption, and the County and the Trustee shall have no liability of any sort with respect thereto. This Bond shall be registered in the name of the Registered Owner hereof, as to both principal and interest, and the County and the Trustee may treat the Registered Owner hereof as the absolute owner for all purposes and shall not be affected by any notice to the contrary. The Bonds are issuable only in fully registered form in the denomination of$100,000 or any integral multiple of $5,000 in excess thereof and may be exchanged for a like aggregate principal amount of Bonds of other authorized denominations of the same issue and maturity, all as more fully set forth in the Indenture. This Bond is transferable by the Registered Owner hereof, in person or by such Registered Owner's attorney duly authorized in writing, at the Designated Office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the A-3