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3. The Bonds shall be dated as of December 1, <br />1982; the Public Improvement Bonds shall mature serially in <br />numerical order $1,100,000 principal amount of Bonds on <br />December 1 in each of the years 1983 to 2002, both <br />inclusive; the Public Utility Bonds shall mature serially in <br />numerical order $400,000 principal amount of Bonds on <br />December 1' in each of the years 1983 to 2002, both <br />inclusive; and the Bonds maturing in each such year shall <br />bear interest at the rate per annum set forth opposite such <br />year as f'oi!ows: <br /> <br /> Interest Interest <br />Year Rate Year Ra~e <br /> <br />1983 10.50 % 1993 9.00 % <br />1984 10.50 % 1994 9.10 % <br />1985 10.50 -% 1995 9.25 % <br />1986 !O.50 % 1996 9.50 % <br />1987 10.50 % 1997 9.70 % <br />1988 10.50 % 1998 9.75 % <br />1989 10.50 ~ 1999 8.50 % <br />1990 10.25 % 2000 8.50 % <br />199i 8.50 % 200~ 8.50 % <br />1992 8.75 % 2002 8.50 % <br /> <br /> 44 Ail ac~.lon taken to date by the officers, <br />employees~ agents and attorneys of the City with respect to <br />the sale of the Bonds~ including the action of the City <br />Manager of the City in causing to be published the Notice of <br />Sale of the Bonds as aforesaid and the action of Director of <br />Finance of the City in causing to be distributed copies of <br />an Official Statement ~f the City relating to the Bonds <br />(including t~e Notice of Sale of the Bonds contained therein <br />and a fora of Proposal for the purchase of the Bonds <br />attached ~ ~eto)~n~~ in the respective forms thereof presented <br />at and hereby ordered filed with the minutes of this <br />meeting, and the respective forms and contents of the <br />Official Statement, Notice of Sale and Proposal, be and they <br />hereby are approved, ratified and confirmed. <br /> <br /> 5. The official Statement is hereby adopted, <br />the Director of Finance of the City is hereby authorized <br />execute for and on behalf of the City, and cause to be <br />deIivered t~o the Purchaser and otherwise as he deems <br />necessary o~ desirable, copies of the Official Statement. <br /> <br />and <br />to <br /> <br /> 6~ The City Manager and Director of Finance of <br />the City are authorized to execute for and on behalf of the <br />C~,~v and to ....... ~,~ te ~he Purchaser~ the cert!£!cate~'-' <br />referred %0 in the Official Statement under the caption <br />"Approval and Certification of Official Statement". <br /> <br />- 3 <br /> <br /> <br />