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<br />Section 15. Pro-rata Redemption of 1996 Series Nand DEQ Obligations. <br /> <br />If the City redeems 1996 Series N Bonds prior to their stated maturity, then the <br />City shall redeem a proportionate amount ofDEQ Obligations principal concurrently. The <br />proportionate amount ofDEQ Obligations principal to be redeemed shall be determined by <br />dividing the amount of 1996 Series N Bond principal to be redeemed by the amount of 1996 <br />Series N Bond principal which is outstanding immediately prior to the redemption, and <br />multiplying the resulting fraction by the principal amount of the DEQ Obligations which is <br />outstanding immediately prior to their redemption. <br /> <br />ADOPTED by the City Council of the City of Eugene, Lane County, Oregon on <br />the zq"'l'~day of Ar;>OA-( ~ 1996. <br /> <br />City of Eugene <br />Lane County, Oregon <br /> <br />~Y:co~:!7 <br /> <br />Page 11 - Resolution <br /> <br />J :\HWR \ClTIES\EUGENE\SAB96\SAB96RES.DOC <br />