Laserfiche WebLink
A&rICLE III <br />REDEM-TION OF BONDS BEFORE MATURITY <br />Section 301. The bonds shall be callable for payment prior to <br />maturity as follows: They will be non -callable prior to March 1, <br />1970 except from condemnation proceeds or from the -proceeds received <br />as a result of the exercise by the Lessee, under the above referred <br />to lease to Batesville Rubber Company, of its option to purchase <br />during said period (set forth in Section 1609 of said Batesville <br />Rubber Company Lease and which concerns a purchase in the case of <br />damage or destruction or condemnation) and if called from funds <br />from said sources the bonds shall be callable on any interest <br />paying date in inverse numerical order at the principal amount of <br />the bonds being called plus accrued interest to the redemption <br />date and plus a premium of 5%. On and after March 1, 1970 the <br />bonds shall be callable on any interest paying date with surplus <br />lease rentals (as defined in the Trust Indenture) in inverse <br />numerical order at the principal amount of the bonds being called <br />plus accrued interest to the redemption date. On and after March 1, <br />1970 the bonds shall be callable on any interest paying date from <br />funds from any source in inverse numerical order, but if called <br />from funds from any source other than said surplus lease rentals, <br />the call price shall be the principal amount of the bonds being <br />called plus accrued interest and plus a premium of <br />5% if called on March 1, 1970 or September 1, 1970, a premium of <br />47. if called on March 1, 1971 or September 1, 1971, a premium of <br />3% if called on March 1, 1972 or September 1, 1972, a premium of <br />2% if called on March 1, 1973 or September 1, 1973, a premium of <br />1% if called on March 1, 1974 or September 1, 1974, and no premium <br />if called thereafter. <br />