1990-12-17 Resolution 27 - Laserfiche WebLink

Home Browse Search

(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 Two Million Three Hundred Fifty-Five Thousand Dollars ($2,.355,000) 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: • Interest Interest Year Amount Rate Year Amount Rate 1997 $50,000 2006 $160,000 1998 70,000 2007 170,000 1999 90,000 2008 185,000 2000 100,000 2009 200,000 2001 110,000 2010 210,000 2002 120,000 2011 230,000 2003 130,000 2012 245,000 2004 135,000 2005 150,000 The interest on all of the Bonds is payable semiannually on February 1 and August 1 of each year, beginning August 1, 1991. Interest shall be calculated on the basis of twelve 30-day months for a 360-day 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-