Agenda - Council - 08/13/2013 - Laserfiche WebLink

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2013. Interest will be calculated on the basis of a 360-day year with twelve months of thirty days. The Series 2013 Bonds will be issued in the form of fully registered bonds without interest coupons in denominations of $5,000 or any integral multiple thereof. The principal of, interest on, and premium, if any, on the Series 2013 Bonds shall be payable when due by wire of the Trustee to The Depository Trust Company, New York, New York ("DTC"), which will in turn remit such principal, interest and premium, if any, to Participants (as defined below), which Participants will in turn remit such principal, interest and premium, if any, to the Beneficial Owners (as defined below) of the Bonds as described herein. See "BOOK -ENTRY ONLY SYSTEM" below. In the event the Bonds are not registered in the name of Cede & Co., as nominee of DTC, or another eligible depository as described below, the principal of, interest on, and premium, if any, on each Bond will be payable only at the corporate trust operations center of the Trustee in Minneapolis, Minnesota, as desciibed in the Indenture. Payment of interest on the Bonds will be paid by check or draft mailed on each Interest Payment Date by the Trustee to the registered owners of record appearing on the registration books kept by the Trustee as of the applicable Regular Record Date preceding each Interest Payment Date, or upon request, as provided in the Indenture, of any registered owner of at least $1,000,000 in aggregate principal amount of Bonds, by electronic wire transfer on each Interest Payment Date to the account designated by such registered owner to the Trustee in writing on or before the Regular Record Date for any interest payment. The registered owner of any Bond will be the person or persons in whose name or names a Bond is registered on the registration books kept for that purpose by the Trustee in accordance with the terms of the Indenture. Redemption of Series 2013 Bonds Mandatory Sinking Fund Redemption. Series 2013 Bonds maturing as set forth below will be subject to mandatory redemption in part and by lot in such manner as the Trustee may determine through the operation of mandatory sinking fund payments as provided in the Indenture, at the principal amount so to be redeemed plus accrued interest to the redemption date, in accordance with the following schedules: *Maturity Date Series 2013A Bonds Maturing 1.20 Redemption Date 1) Princival Amount 20 20 20 20 * 34