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SECTION 2. (a) The $5,000,000 General Obligation Bonds shall be dated November i~ 1972, shall be numbered from 1 to 1,000, both inclusive, in order of maturity, shall be of the denomination of $5,000 each~ shall mature serially in numerical order, $250,000 principal amount of the General Obli- gation Bonds on November I in each of the years 1973 to 1992, both inclusive, without option of prior redemption by the City of Portsmouth and, in accordance with the bid of First National City Bank and Associates, the General Obligation Bonds maturing in the years set forth below shall bear interest, payable se~i-annually on May 1 and November 1 of each year, at the rate per annum set opposite the respective year, as follows: Year of Interest Year of Interest Maturity Rate Maturity Rate 1973 6.00% 1983 4.60% 1974 6.00% 1984 4.70% 1975 6.00% 1985 4.80% 1976 6.00% 1986 4.90% 1977 6.00%' 1987 4.90% 1978 6.00% 1988 5.00% 1979 5.00% 1989 5.00% 1980 4.30% 1990 5.00% 1981 4.40% 1991 4.00% 1982 4.50% 1992 4.00% (b) The $3,000,000 Utility Bonds shall be dated November 1, 1972, shall be numbered from ! to 600, both inclusive, in order of maturity, shall be of the denomination of $5,000 each, shall mature serially in numerical order, $150,000 principal amount of the utility Bonds on November t in each of the years 1§73 to 1992, both inclusive, without option of prior redemption by the City of Portsmouth and, in accordance with the bid of First National City Bank ~nd Associates, th~ Utility Bonds maturing in the years set forth below shall bear i interest, payable semi-annually on May 1 and November 1 of each year, at the rate per annum set opposite the respective year, as follows: Year of Interest Year of Interest Maturity Rate Maturity Rate 1973 6.00% 1983 4.60% 1974 6.00% 1984 4.70% 1975 6.00% 1985 4.80% 1976 6.00% 1986 4.90% 1977 6.00% 1987 4.90% 1978 6.00% 1988 5.00% 1979 5.00% 1989 5.00% -2-