EN209
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3 revisions | University Libraries, UNC-Chapel Hill at Jun 16, 2022 12:52 PM | |
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209195 special fund of a sufficient amount of the revenues of the Project and the 1958 Facilities, over and above the cost of such maintenance, repair and operation thereof, to pay the principal of and the interest on the bonds then outstanding as the same shall become due and to provide a reserve for such purpose, and said special fund is pledged to arid charged with the payment of such principal and interest. 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 anaount 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 1, 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. Series B bonds numbered 1,533 to 1,942, inclusive, maturing September 1, 1994 to September 1, 1998, 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 | 209195 special fund of a sufficient amount of the revenues of the Project and the 1958 Subject to the prior redemption of such bonds, Series A bonds numbered 119 to 785, inclusive, 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 |