Town of Lex­ing­ton, South Carolina

Com­bined Water­works and Sewer Sys­tem Rev­enue Bonds, Se­ries 2009 Com­bined Water­works and Sewer Sys­tem Rev­enue Bonds, Se­ries 2010 Com­bined Water­works and Sewer Sys­tem Rev­enue Re­fund­ing Bonds, Se­ries 2011

The Bond Buyer - - Legal Notices -

NO­TICE IS HEREBY GIVEN to the hold­ers of the Town of Lex­ing­ton, South Carolina, Com­bined Water­works and Sewer Sys­tem Rev­enue Bonds, Se­ries 2009 ma­tur­ing in the years 2020 through 2041, in­clu­sive (the "Se­ries 2009 Bonds"), Com­bined Water­works and Sewer Sys­tem Rev­enue Bonds, Se­ries 2010 ma­tur­ing in the years 2035, 2039, and 2041 (the "Se­ries 2010 Bonds"), and the Com­bined Water­works and Sewer Sys­tem Rev­enue Re­fund­ing Bonds, Se­ries 2011 ma­tur­ing in the years 2018 through 2027, in­clu­sive (the "Se­ries 2011 Bonds") to be re­funded are col­lec­tively re­ferred to herein as the "Re­funded Bonds") that the Town of Lex­ing­ton, South Carolina (the "Town") has is­sued its Com­bined Water­works and Sewer Sys­tem Rev­enue Re­fund­ing Bonds, Se­ries 2017 (the "Re­fund­ing Bonds") and de­posited a por­tion of the pro­ceeds de­rived from the sale of the Re­fund­ing Bonds with U.S. Bank Na­tional As­so­ci­a­tion (the "Es­crow Agent"), to be held by the Es­crow Agent pur­suant to the pro­vi­sions of Re­fund­ing Es­crow Agree­ments. It is an­tic­i­pated by the Town that the pro­ceeds of the Re­fund­ing Bonds de­posited with the Es­crow Agent will equal the sum suf­fi­cient to pro­vide for the pay­ment of the prin­ci­pal of, pre­mium, if any, and in­ter­est on, the Re­funded Bonds through their re­spec­tive first op­tional re­demp­tion dates. The Es­crow Agent, pur­suant to the Re­fund­ing Es­crow Agree­ments, is ex­pected to ap­ply mon­eys de­posited with it to the pur­chase of obli­ga­tions of the United States, in or­der to pro­vide for the pay­ment of prin­ci­pal of, pre­mium, if any, and in­ter­est on, the Re­funded Bonds through their re­spec­tive first op­tional re­demp­tion dates.

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