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at or prior to the closing date by the manual or facsimile <br /> signatures of the Mayor and Clerk of the City, and bear an <br /> original impression or facsimile of the seal of the City, (iv) <br /> bear interest from the date thereof at a variable or fixed rate <br /> determined in accord with the Indenture not to exceed fifteen <br /> percent (15%) per annum, (v) be payable as to interest prior to <br /> the Conversion Date (as defined in the Indenture) on the first <br /> business day of each month commencing December 1, 1987 and <br /> after the Conversion Date on the first day of April and October <br /> of each year, (vi) mature on October 1, 2009, (vii) be issuable <br /> in $100, 000 denominations or any multiple thereof prior to the <br /> Conversion Date and thereafter in $5,000 denominations or any <br /> multiple thereof, (viii) be issued only in fully registered <br /> form, (ix) be payable through such medium and at such places as <br /> provided therein, (x) be subject to optional and mandatory <br /> tender and redemption as provided in the Loan Documents, and <br /> (xi) be secured by a mortgage and a letter of credit issued by <br /> Continental . The Bonds and the interest thereon do not and <br /> shall never constitute an indebtedness of, or a charge against <br /> the general credit or taxing power of, the City, but are <br /> limited obligations of the City payable solely from revenues <br /> and other amounts derived from the Loan Documents. Forms of <br /> the Loan Documents are by this reference incorporated in this <br /> Bond Ordinance. <br /> Capitalized terms not otherwise defined herein shall have <br /> the meanings assigned to them in the Indenture. <br /> Section 4 . Sale of the Bonds. The Mayor and the Clerk are <br /> hereby authorized and directed to issue and sell the Bonds to <br /> Continental as the original purchaser thereof pursuant to the <br /> Indenture and the Purchase Agreement in substantially the forms <br /> submitted to this Common Council, which are hereby approved in <br /> all respects. The purchase price to be paid for the Bonds, and <br /> the sa 1 e and delivery of the Bonds . nursuant to the Purchase <br />