143

132

"Series A bonds numbered 786 to 1,000, inclusive, maturing September 1, 1998 to September 1, 2002, inclusive, may be redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the prior redemption of such bonds, Series A bonds numbered 119 to 785, inclusive, maturing September 1, 1973 to September 1, 1997, inclusive, maybe redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after September 1, 1972, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to September 1, 1977, 2 1/2% if redeemed thereafter and on or prior to September 1, 1982, 2% if redeemed thereafter and on or prior to September 1987, 1 1/2% if redeemed thereafter and on or prior to September 1, 1992, and 1% if redeemed thereafter. Series A bonds numbered 1 to 118, inclusive, maturing September 1, 1965 to September 1, 1972, inclusive, shall not be subject to redemption. Notwithstanding any of the foregoing provisions, if the United States of America or any agency thereof holds any of such bonds, all such bonds so held may be redeemed in the inverse order of their numbers on any interest payment date prior to their respective maturities and without the payment of any redemption premium."

Section 15. That the seventh paragraph of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read as follows:

"Series B bonds numbered 1,533 to 1,942, inclusive, maturing September 1, 1994 to September 1, 1998, inclusive, maybe redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium, subject to the prior redemption of such bonds, Series B bonds numbered 198 to 1,532, inclusive, maturing September 1, 1969 to September 1, 1993, inclusive, may be redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after September 1, 1968, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to September 1, 1973, 2 1/2% if redeemed thereafter and on or prior to September 1, 1978, 2% if redeemed thereafter and on or prior to September 1, 1983, 1 1/2% if redeemed thereafter and on or prior to September 1, 1988, and 1% if redeemed thereafter. Series B bonds numbered 1 to 197, inclusive, maturing September 1, 1963 to September 1, 1968, inclusive, shall not be subject to redemption. Notwithstanding any of the foregoing provisions, if the United States of America or any agency thereof holds any of such bonds, all such bonds so held may be redeemed in the inverse order of their numbers on any interest payment date prior to their respective maturities and without the payment of any redemption premium."

Section 17. That the date of the bond set forth in the execution clause of the bond form in Section 207 of the Bond Resolution be and the same is hereby amended to read the "1st day of September, 1962. "