Laserfiche WebLink
�. THIS BOND MAY BE ISSUED ONLY IN FULLY REGISTERED FORM <br /> AS RE�UIRED BY SECTION 103 (j ) OF THE INTEP.NAL REVENUE CODE OF <br /> 1954 , AS AMENDED. <br /> The Bonds are subject to optional redemption or prepay- <br /> ment prior to maturity, as the case may be , but only at the re- <br /> quest of the Borrower, in integral multiples of $100, 000 in whole <br /> or in part on any quarterly principal payment date on and after <br /> December 31 , 1990 in the inverse order of maturity of the <br /> quarterly principal installments thereof a redemption or prepay- <br /> ment price equal to the principal amount to be redeemed or pre- <br /> paid, plus accrued interest from the last date to which interest <br /> has been paid at the applicable Interest Rate, Overdue Rate or <br /> Taxable Rate, to the date fixed for redemption or prepayment, as <br /> the case may be. All principal installments of the Bonds or por- <br /> tions thereof designated for prepayment will cease to bear inter- <br /> est on the specified redemption or prepayment date, provided <br /> funds for their prepayment are on deposit at the place of payment <br /> at that time. <br /> This Bond is issued pursuant to and in full compliance <br /> with the Constitution of the State of Illinois , the Enabling <br /> Ordinance, and the Bond Ordinance. This Bond and the obligation <br /> to pay interest hereon are limited obligations of the Issuer, se- <br /> cured by a Mortgage and any Lease Assignment, effected by the <br /> Mortgage, and payable solely out of the receipts derived by the �'i <br /> Issuer from the Loan Agreement, and otherwise as provided in the ' <br /> Bond Ordinance and the Loan Agreement. This Bond and the obliga- '' <br /> tion to pay interest hereon shall not be deemed to constitute an <br /> indebtedness or a loan of credit of the Issuer , the State of <br /> -17- <br />