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determined by negotiation), which interest shall be payable on the <br />first day of August, 1993, and semiannually thereafter, on February <br />1st, and August 1st of each year. Interest shall be calculated on <br />r the basis of twelve (12 ) thirty ( 3 0 ) day months for a three hundred <br />sixty (360) day year. <br />The Series 1992 Bonds shall mature and be payable <br />on February 1st, in the years and amounts as follows: <br />Year Amount Year Amount <br />1998 <br />$ 50,000.00 <br />1999 <br />50,000.00 <br />2000 <br />50,000.00 <br />2001 <br />100,000.00 <br />2002 <br />100,000.00 <br />2003 <br />100,000.00 <br />2004 <br />100,000.00 <br />2005 <br />200,000.00 <br />2006 <br />$200,000.00 <br />2007 <br />200,000.00 <br />2008 <br />200,000.00 <br />2009 <br />300,000.00 <br />2010 <br />300,000.00 <br />2011 <br />300,000.00 <br />2012 <br />300,000.00 <br />2013 <br />350,000.00 <br />The Series 1992 Bonds are subject to redemption prior to maturity <br />as provided in Section 2 below. <br />Norwest Bank Indiana, N.A., in the City of South <br />Bend, Indiana, is hereby appointed as Registrar ( Norwest Bank <br />Indiana, N.A., and any subsequent registrar appointed pursuant to <br />this Series 1992 Bond Resolution shall hereinafter be referred to <br />as the "Registrar ") for the Series 1988 Bonds and is hereby charged <br />with the responsibility of authenticating the Series 1992 Bonds. <br />The Registrar shall keep and maintain at its principal office books <br />for the registration and for the transfer of the Series 1992 Bonds <br />(the "Series 1992 Bond Register ") . The Controller is hereby <br />authorized and directed, on behalf of the Commission, to enter into <br />such agreements or understandings with the Registrar as will enable <br />the Registrar to perform the services required of a registrar, and <br />is directed to pay the Registrar for its services out of available <br />funds. <br />The principal of and premium, if any, on the Series <br />1992 Bonds shall be payable at the principal office of Norwest Bank <br />Indiana, N.A., which is hereby appointed as the Paying Agent <br />( Norwest Bank Indiana, N.A., and any subsequent Paying Agent <br />appointed pursuant to this Series 1992 Bond Resolution shall <br />hereinafter be referred to as the "Paying Agent ") for the Series <br />1992 Bonds. Interest on the Series 1992 Bonds shall be paid by <br />check or draft mailed or delivered to the registered owners of the <br />Series 1992 Bonds at the address as it appears on the Series 1992 <br />Bond Register as of the fifteenth (15th) day of the month <br />immediately preceding the interest payment date or at such other <br />address as provided to the Paying Agent in writing by such <br />registered owners. All payments on the Series 1992 Bonds shall be <br />10 <br />