10B Action 2009 1221 - Laserfiche WebLink

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MATURITIES: The Bonds will mature on September 1 in each of the years, and in the approximate amounts, in accordance with the following schedule. Each bidder is required to specify in its bid whether, for any particular year, the Bonds will mature or, alternately, be subject to mandatory sinking fund redemption in such year. Year Principal f September 1) Amount 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 INTEREST. Interest on the Bonds will be payable from the delivery date of the Bonds at such rate or rates to be fixed upon the sale thereof, payable semiannually on each March 1 and September 1 (each, an "Interest Payment Date"), commencing September 1, 2010. PAYMENT: The Bonds and interest with respect thereto are payable in lawful money of the United States of America, interest being payable by check mailed on each Interest Payment Date to the registered owners thereof at the address shown on the Bond registration books maintained by the Trustee on the 15th calendar day of the month preceding an interest payment date. Principal will be payable upon surrender at the principal corporate trust office of the Trustee in San Francisco. OPTIONAL REDEMPTION: The Bonds maturing on or before September 1, 2019, are not subject to optional redemption prior to maturity. The Bonds maturing on and after September 1, 2020, are subject to redemption, at the option of the Agency, on any date on or after September 1, 2019, as a whole or in part, by such maturities as shall be determined by the Agency, and by lot within a maturity, from any available source of funds, at a redemption price equal to the principal amount of the Bonds to be redeemed, together with accrued interest thereon to the date fixed for redemption. SINKING FUND REDEMPTION: Any bidder may, at its option, specify that one or more maturities of the Bonds will consist of Term Bonds which are subject to mandatory sinking fund redemption in consecutive years immediately preceding the maturity thereof, as designated in the bid of such bidder. In the event that the bid of the successful bidder specifies that any maturity of Bonds will be term Bonds, such term Bonds will be subject to mandatory sinking fund redemption on September 1 in each year so designated in the bid, in the respective amounts for such years as set forth above under the heading "MATURITIES", at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium. 2