Agenda - Council - 12/19/2000 - Laserfiche WebLink

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2. Bond Terms. (a) Title: Oriuinal Issue Date: Denominations: Maturities: Term Bond Option. The Bonds shall be dated January 1, 2001, as the date of original issue and shall be issued forthwith on or after such date as fully registered bonds, The Bonds Shall be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations"). The Bonds shall mature on December 15 in the years and amounts as follows: year. ga'nount Ye.ar. Amount 2004 $I75,000 2008 $250,000 2005 200,000 2009 270,000 2006 215,000 2010 285,000 2007 235,000 2011 50,000 For the purpose of complying with Minnesota Statutes, Section 474.54, Subdivision I, the maturity sch. edule for the Bonds has been combined with the maturity schedule for I I i I I I I i ! ! as permitted by Minnesota Statutes, Section 475.54, Subdivision 2. As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Book Entry Only .S,/stem. The Depository Trust Company, a limited purpose trust company o~ganized under the laws of the State of New York or any of its successors or its successors to its functions hereunder (the "Depository") will act as securities depository for the Bonds, and to this end: ri) The B'o~h'ds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter definecl) in the name of CEDE -& CO., as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). 1237935. t 3 I I,