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Year Amount Year Amount
<br />2012 $685,000 2022 $875,000
<br />2013 450,000 2023 920,000
<br />2014 495,000 2024 965,000
<br />2015 540,000 2025 1,010,000
<br />2016 580,000 2026 1,040,000
<br />2017 630,000 2027 1,070,000
<br />2018 675,000 2028 1,105,000
<br />2019 720,000 2029 1,135,000
<br />2020 770,000 2030 1,175,000
<br />2021 820,000 2031 1,215,000
<br />As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory
<br />sinking fund redemption and final maturity amounts conforming to the forgoing principal
<br />repayment schedule, and corresponding additions may be made to the provisions of the
<br />applicable Bond(s).
<br />(b) Book Entry Only System. The Depository Trust Company, a limited purpose
<br />trust company organized under the laws of the State of New York or any of its successors or
<br />successors to its functions hereunder (the "Depository") will act as securities depository for the
<br />Bonds, and to this end:
<br />4546551v1
<br />(i) The Bonds shall be initially issued and, so long as they remain in book entry
<br />form only (the "Book Entry Only Period "), shall at all times be in the form of a separate
<br />single fully registered certificate for each maturity of the Bonds; and for purposes of
<br />complying with this requirement under paragraphs 5 and 10 Authorized Denominations
<br />for any Bond shall be deemed to be limited during the Book Entry Only Period to the
<br />outstanding principal amount of that Bond.
<br />(ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond
<br />register maintained by the Registrar (as hereinafter defined) in the name of CEDE & CO.,
<br />as the nominee (it or any nominee of the existing or a successor Depository, the
<br />"Nominee ").
<br />(iii) With respect to the Bonds neither the City nor the Registrar shall have any
<br />responsibility or obligation to any broker, dealer, bank, or any other financial institution
<br />for which the Depository holds Bonds as securities depository (the "Participant ") or the
<br />person for which a Participant holds an interest in the Bonds shown on the books and
<br />records of the Participant (the "Beneficial Owner "). Without limiting the immediately
<br />preceding sentence, neither the City, nor the Registrar, shall have any such responsibility
<br />or obligation with respect to (A) the accuracy of the records of the Depository, the
<br />Nominee or any Participant with respect to any ownership interest in the Bonds, or (B)
<br />the delivery to any Participant, any Owner or any other person, other than the Depository,
<br />of any notice with respect to the Bonds, including any notice of redemption, or (C) the
<br />payment to any Participant, any Beneficial Owner or any other person, other than the
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