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OFFICIAL STATEMENT <br />NBW 19SUE <br />RATING: <br />Fft&: "AAA" <br />Moody'x "Ase" <br />Standard & Pbores: "AAA" <br />Flnaadal Gaamty Inanrod <br />in rte opimoe of Boad 0awl, based on cassr knw, uumsr on rhe Bosh wX be exdu4d Jm trop umoae far Federal meant rax purposes <br />and is not an km of res prnferewn for purposra of rhe federal aUernative muninow rax imposed on individuals and cotporuiese. For an <br />0*1onotien of svrrain toss emselrrn rs seder federal law wbicAmay reoUpm rhe owwrAr of rhe Bonds. we rhe discussion under du headier <br />?AX MATI>4 W herrbe. [l v aiWnl law, ds Soso and rhe mom dwrov ne will be exagpt ioen all state, eousry and Nares pd mason in rhe <br />stare ofTasnessm swept mhar"we. bamOr and estate uses, and Tennessee corporate jiandwe and exam rags. (See 17AX MATTERS" herruo <br />$4,100,000 <br />MEIGS COUNTY, TENNESSEE <br />SCHOOL BONDS, SERIES 1995 <br />(MID (Bank Qus>1fied) <br />Dated: May 1, 1995 <br />Due: May 1, as shown below <br />The $4,100,000 School Boods, Series 1995 (the ' Bonds") will be issued as fully registered Bonds without coupons <br />and in deaominsdons of $5,000 or any integral multiple thereof. Inie est on the Bands is payable semi-smsually on <br />May 1 and November 1 as loot as the Bends remain outstanding, commencing May 1, 1996 to the registered owners <br />of the Bends by First Tennessee Bank National Association, Memphis, Tennessee, the registration agent and paying <br />agent (the "Registration Ageat"). The principal on the Bends is payable when due upon surrender of the Boody at the <br />principal corporate oust office of the Registration Agent. <br />The payment of the principal of and interest on the Bands when due will be insured by a municipal bond'asuraoce <br />policy to be issued by Finsocial Guaranty Iasruaoce Company simultaneously with the delivery of the Bends. <br />Financial Guarmth, Insurance <br />Compam• <br />PUC ie a nwW W WFVW a,un end w lRuaaeW Getter inn..M. faapnr, a /eiww �rr.«.aluw.d ewi.ar l's C..xn..ea, Mrew!. <br />The Bonds are subject to optional redemption prior to maturity as described herein. The Bonds shall mum serially <br />and are payable on May 1 of each year as follows: <br />MATURIfM AMOUNTS, RATES AND YIELDS <br />Maturity <br />Interest <br />Yldd or <br />Maturity <br />Immut <br />YWd or <br />Nay I <br />AM= <br />JIML <br />Price <br />way I <br />Anmat <br />jwr.- <br />jWN <br />1997 <br />S45,000 <br />5.15% <br />4.35% <br />2005 <br />S360,000 <br />5.15% <br />100 % <br />1998 <br />45,000 <br />5.15 <br />4.50 <br />2006 <br />380,000 <br />5.25 <br />100 <br />1999 <br />50,000 <br />5.15 <br />4.60 <br />2007 <br />400.000 <br />5.30 <br />5.35 <br />2000 <br />50,000 <br />5.15 <br />4.70 <br />2008 <br />420,000 <br />5.40 <br />5.45 <br />2001 <br />55,000 <br />5.15 <br />4.75 <br />2009 <br />445,000 <br />5.50 <br />5.55 <br />2002 <br />55,000 <br />5.15 <br />4.80 <br />2010 <br />470,000 <br />5.60 <br />5.65 <br />2003 <br />60,000 <br />5.15 <br />4.95 <br />2011 <br />495,000 <br />5.70 <br />100 <br />2004 <br />345,000 <br />5.15 <br />5.05 <br />2012 <br />425,000 <br />5.70 <br />5.75 <br />The Bonds are payable from unlimited ad valorem taxes to be levied an all taxable property within the County. For <br />the Prompt PayMem of principal of, premium, if any. and mterest on the Bonds, the full faith and credit of the County <br />are irrevocably pledged <br />Tie Bonds we *Pftd when, as and if sewed, su&jw to as gprovw of rhe kesiso by Bun. Bary & Sian, NedYvilk, Tawasee, Bond Coerewl, <br />htnpwmiU br prited en rhe Bon&. Certain lgel naps wit br pced upofor rhe Cowry by M* VmtymmrEsy.. <br />COMM & way. a& Co. hspeas FhNWW Advisorso hCowry M earreaan wHY ft sols ofhe Bends. TeBendsosppetedbkavaiaHs jor <br />"Wry *a"1A Dgosuory Trsw Cengrry is New York Now York on or abow May 4, jigs. <br />TW Offidd SUMnOW is dated Apo719. IM. <br />