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effective Ja_n~aary Ir 1968} to pay the expenses ~-icurred as a result of the recent aPmexation proceedirgs} a:zd ~o purchase fire equipment~ school buses and voting rP~ch~qes for use in the said a~nexed teFPitory~ for the co~ st~ction of schoois~ certain other public buildi~s~ ~ streets~ a~ for _~bs~ rene~i ~u~oses~ there sb~l! be issued ~z-teen Million Five Hu~.red ~aou~nd Dol!~s of bo~s of ~id City ~o be ~n as Genm~a! Obl~ation Bo~s~ co~isting of twc thous~ seven hur~m~ bo~s of the denomir~tion of Five Thoasand Doll~ms each~ ~ombere~ i to 2~700~ both i~iusive~ dat~ M~'ch i~ 1969~ ar~ be~ ~nver, est Fram date ~yable s~i~uai!y on M~ch 1~ ~nd Semtavfs~ l~ of ~ch ye~ a'c such rate or at such different or v~y~ ~ rates] r~ot ~ exce~ s~ ~e~ cent~n ~er ar~:~-a on any bo~ as n~.~ b~ f~ by the City Council pri~r to the~ execution~ Both principal ar~ ~nt~es~ of said bor~s shall be Eayab!e ir~ !a~ul currency of the Um~t~ S~es of ~;~ica~ at 7ne Chase ~mm~.~vmn ~.r~ (Natiop~l Ass~iation)~ New York~ New York~ mhd the said bo~s skmtl mavu~e serially~ ~n ~omerical o~dm~ as follows: $540~00'0 of said bones tc be payable on ~';e_~c~,_ __ I~ 1970 8540,000 ok said ~oonds to be payable o~. ,.~n 1~ 1971 $546~000 o~~ said bonds to be ~.yable en M~'ch 1~ 1972 $540~000 of s~id bonds to be pay~le o~ ~,~ch 1~ 1973 ~ ~ T~ 1~74 ' $540~000 of said bon~.s to be ~yable on l~h 1~ $54~000 of said bonds to be ~yable on M~ch 1~ 1975 $540~000 of said bo~s to be ~yab!e on M~ch l~ 1976 $540~000 of ~id bonds to be ~yabie on ~ch 1~ 1977 $540~000 of ~id bom~ds to be ~yable on M~cb 1~ 1978 s~mm ........ e ~yable on [~ch 1~ 1979 $540,000 of ~' ~ *~ ~' $5~0~000 of said bo~s to be payable on M~ch 1~ 1980 $540,000 of said bo~s to be ~yabie on Y~ch 1~ 1981 $540~000 of said bonds to be ~ab!e on M~ch 1~ 1982 $540~000 of said bo~s to be ~yable on l~.~ch 1~ 1983 $540~000 of s~id bo~s to be ~yab!e on i~oh 1~ 1~84 $540~000 of said bor~ds to be ~yabie on [,~ch 1~ 1985