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1988-06-17 Resolution 6
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1988-06-17 Resolution 6
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7/17/2008 11:35:33 AM
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t. ~ <br />(u) Unless the context shall clearly otherwise <br />indicate, .words importing the "singular number-shall include the <br />plural number in each case, and vice versa, and words importing <br />persons. shall include firms and corporations, and terms employed <br />in the disjunctive form shall be deemed to be employed also in <br />.the conjunctive form and-vice versa. <br />ARTICLE II. <br />Maturities, Form, Issuance, <br />Delivery and Registration of Bonds <br />Sec. 2.01. The principal amount of all Bonds which may <br />be issued and outstanding under this Agreement shall be Four <br />Million Five Hundred Seventy-five Thousand Dollars ($4,575,000) <br />face value . The Bonds shall be originally dated as of the first <br />day of the month in which they are to be originally delivered,. <br />shall be issued in the denomination of Five Thousand Dollars <br />($5,000) each, or any integral multiple thereof and shall be <br />numbered consecutively. <br /> The Bonds shall mature serially on February 1 in the <br />years and amounts and bear interest at the rates as . follows:. <br /> Interest Interest. <br />Year Amount Rate Year. Amount Rate <br />1990 $ 75,000 2000 $215,000 <br />1991 120,000 2001 235.000 <br />1992 130,000 2002 250,000 <br />1993 135,000 2003 270,000 <br />1994 145,000 2004 290,000 <br />1995 155,000 2005 310,000 <br />1996 165,000 2006 335,000 <br />1997 .175,000 2007 365,000 <br />1998 190,000 2008 390,000 <br />.1999 205,000 2009 420,-000 <br />The interest on all of the Bonds is payable semiannually on <br />February i and August 1 of each year, beginning February 1, 1989. <br />The interest on the Bonds shall be payable by check or <br />draft. mailed one business day prior to the interest payment date <br />to the person in whose name each Bond is registered on the <br />-5- <br />I, <br />~' <br />
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