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(r) "Trustee" means and includes not only the Trustee <br />but also its successor or successors in trust. <br /> <br />(s) Unless the context shall clearly otherwise indicate, <br />words importing the singular number shall include the plural number <br />in each case, and vice versa, and words importing persons shall <br />include firms and corporations, and terms employed in the <br />disjunctive form shall be deemed to be employed also in the <br />conjunctive form and vice versa. <br />ARTICLE II. <br />Maturities, Form, Issuance, <br />Delivery and Registration of Bonds <br /> <br />• <br />Sec. 2.01. The principal amount of all Bonds which may be <br />issued and outstanding under this Agreement .shall be Four Million <br />Eight Hundred Ninety-Five Thousand Dollars ($4,895,000) face value. <br />The Bonds shall be originally dated as of the first day of the <br />month in which they are to be originally delivered, shall be issued <br />in the denomination of Five Thousand Dollars ($5,000) each, or any <br />integral multiple thereof and shall be numbered consecutively. <br />The Bonds shall mature serially on February 1 in the years and <br />amounts and bear interest at the rates as follows: <br /> Interest Interest <br />Y Amount Rate Year Amount Rate <br />ear <br />1996 $ 40,000 6.60% 2005 275,000 7.25% <br />1997 100,000 6.70% 2006 365,000 7.25% <br />1998 115,000 7.00% 2007 390,000 7.30% <br />1999 150,000 7.OOo 2008 425,000 7.30% <br />2000 175,000 7.00% 2009 450,000 7.30% <br />2001 190,000 -7.00% 2010 480,000 7.30% <br />2002 200,000 7.10% 2011 515,000 7.30% <br />2003 225,000 7.15% 2012 550,000 7.30% <br />2004 250,000 7.20% <br />The interest on all of the Bonds is payable semiannually on <br />February 1 and August 1 of each year, beginning February 1, 1991. <br />Interest shall be calculated on the basis of twelve 30-day months <br />for a 360-day year. <br />The interest on the Bonds shall be payable by check or draft <br />mailed one business day prior to the interest payment date to the <br />person in whose name each Bond is registered on the fifteenth day <br />of the month preceding such interest payment date. The principal <br />of, and premium on, the Bonds shall be payable upon presentment and <br />-5- <br />