1990-12-17 Resolution 26 - Laserfiche WebLink

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• (r) "Trustee" means .and includes not only the Trustee but also its successor or successors in trust. (s) Unless the context shall clearly otherwise indicate, words importing the singular number shall include the plural number in each case, and vice versa, and words importing persons shall include firms and corporations, and terms employed in the disjunctive form shall be deemed to be employed also in the conjunctive form and vice versa. ARTICLE II. • Maturities, Form, Issuance, Delivery and Registration of Bonds Sec. 2.01. The principal amount of all Bonds which may be issued and outstanding under this Agreement shall be Four Million Two Hundred Thousand Dollars ($4,200,000) face value. The Bonds shall be originally dated as of the first day of the month in which they are to be originally delivered, shall be issued in the denomination of Five Thousand Dollars ($5,000) each, or any integral multiple thereof and shall be numbered consecutively. The Bonds shall mature serially on August 1 in the years and amounts and bear interest at the rates as follows: Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 a The interest February 1 and Interest shall for a 360-day Interest Amount Rate Year $40,000 2.005 50,000 2006 90,000 2007 125,000 2008 145,000 2009 165,000 2010 190,000 2011 210,000 2012 230,000 Interest Amount Rate $255,000 280,000 310,00.0 340,000 380,000 420,000 460,000 510,000 on all of the Bonds is payable semiannually on August 1 of each year, beginning August 1, 1991. be calculated on the basis of twelve 30-day months year. The interest on the Bonds shall be payable by check or draft mailed one business day prior to the interest payment date to the person in whose name each Bond is registered on the fifteenth day of the month preceding such interest payment date. The principal -5-