1992-09-10 Resolution 64 - Laserfiche WebLink

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~ r ~ + (p) "Redemption Price," with respect to the Bonds outstanding under this Agreement, means the price at which the Bonds are redeemable as set forth in Article IV of this Agreement. (q) "Sinking Fund" means the Sinking Fund created and established by Section 3.02. (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, Deliverer and Registration of Bonds Sec. 2.01. The principal amount of all Bonds which may be issued and outstanding under this Agreement shall be Five Million Six Hundred Eighty Thousand Dollars ($5,680,000) 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 March 1 in the years. and amounts and bear interest at the rates as follows: Year Amount Year Amount 1999 $ 40,000 2007 $450,000 2000 90,000 2008 470,000 2001 140,000 2009 505,000 2002 205,000 2010 535,000 2003 270,000 2011 570,000 2004 340,000 2012 605,000 2005 395,000 2013 645,000 2006 420,000 The interest on all of the Bonds is payable semiannually on March 1 and September 1 of each year, beginning March 1, 1993. Interest shall be calculated on the basis of twelve 30-day months for a 360-day year. -5-