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352
<br />
<br />from No. PIR-1 upwards in order of issuance in the case of the
<br />Public Improvemenn Bonds and from No. PUR-1 upwards in order of
<br />issuance zn the case of The Public utility Bonds; shall be
<br />issued in fully registered form in the denomination of
<br />$5,00C.00 each or any integral multiple thereof; and shall bear
<br />interest payable on August 1, 1996 and semiannually on each
<br />February 1st and Augusn 1st thereafter.
<br />
<br /> The Public Improvement Bonds shall mature on August 1st
<br />in each of the years 1997 to 2014, both znclusive, and on
<br />August Ist, 2016, in the principal amounts set forth opposite
<br />each such year below, with the Bonds maturing in each such year
<br />bearing interest a5 the rate per annum set forth opposite such
<br />year, as follows:
<br />
<br /> Principal
<br />Year amoun~
<br />1997 $2,000,000.00
<br />1998 2,000,000.00
<br />1999 2,000,000.00
<br />2000 2,000,000.00
<br />2001 2 000,000.00
<br />2002 2 000,000.00
<br />2003 2 000,000.00
<br />2004 2 000,000.00
<br />2005 2 000,000.00
<br />2006 2 000,000.00
<br />
<br />Rane Year
<br />5.00 2007
<br />5.00 2008
<br />5.00 2009
<br />5.00 2010
<br />5.00 2011
<br />5.00 2012
<br />5.00 2013
<br />5.00 2014
<br />5.00 2016
<br />5.00
<br />
<br />Principal
<br />Amount
<br />$2,000,000.00
<br /> 2,000,000.00
<br /> 2,000 000.00
<br /> 2,000 000.00
<br /> 2,000 000.00
<br /> 2,000 000,00
<br /> 2,000 000.00
<br /> 2,000 000.00
<br /> 4,000 000.00
<br />
<br />Interest
<br />Rate
<br />5 00
<br />5 00
<br />5 0O
<br />5 00
<br />5 00
<br />5 O0
<br />5.00
<br />5.00
<br />5.00
<br />
<br /> The Public utility Bonds shall manure or become due and
<br />payable on August 1st zn each of the years 1997 to 2014, both
<br />inclusive, and on August 1st, 2017, and August !st, 2021, in
<br />the principal amounts set forth opposite each such year below,
<br />with the Bonds maturing in each such year bearzng interest ac
<br />the rate per annum sen forth opposite such year, as follows:
<br />
<br /> Principal Interesn Princzpat Interest
<br />
<br />Year Amount Rate Year Amount Rate
<br />
<br />1997 S255,000.00
<br />1998 270,000.00
<br />1999 280,000.00
<br />2000 300,000.00
<br />2001 315.000.00
<br />2002 330,000.00
<br />2003 350,000.00
<br />2004 370,000.00
<br />2005 390,000.00
<br />2006 410,000.00
<br />
<br />5 008
<br />5 00
<br />5 00
<br />5 00
<br />5 00
<br />5 00
<br />5 00
<br />5.00
<br />5.00
<br />5.00
<br />
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013
<br />2014
<br />2217
<br />2021
<br />
<br />$435,000.00
<br />455,000.00
<br />480 000.00
<br />510 000.00
<br />535 000.00
<br />565 000.00
<br />595 000.00
<br />630 000.00
<br />2,110 000.00
<br />3,415,000.00
<br />
<br />5.00
<br />5.00
<br />5.00
<br />5.
<br />5.00
<br />5.00
<br />5.00
<br />5.00
<br />5.00
<br />5.25
<br />
<br /> The Bonds of each series maturing on and before Augus5 1,
<br />2006 shall not be subject to redemption prior no their stated
<br />maturities. The Bonds of each series maturing on and after
<br />August !, 2007 (or portions thereof in installments of
<br />S5,000.00) shall be subject to redemption at the option of the
<br />City przor to their stated maturities on or after August 1,
<br />2006, in whole or in part an any time on any date, ~n such
<br />order as may be determined by the City (except that if less
<br />than all of the Bonds of a given maturity of either series are
<br />called for redemption, the particular Bonds or pornions thereof
<br />in installments of $5,000.00 of such maturity of such series to
<br />be redeemed shall be selected by lot), upon payment of the
<br />following redemption prices (expressed as a percentage of
<br />principal amount of Bonds to be redeemed), together with the
<br />interesn accrued ~o the date fixed for the redemption thereof:
<br />
<br /> Redemption Dates
<br />/Both Dates Inclusive)
<br />
<br />Redemption Prices
<br />(Percentage of
<br />Principal Amount)
<br />
<br />August 1, 2006 to July 31, 2007 101%
<br />August 1, 2007 to July 31, 2008 100 1/2
<br />August 1, 2008 and thereafter 100
<br />
<br />
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