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integral multiples thereof; shall be issued in registered form; <br /> shall be registrable as provided therein; shall be payable in <br /> the medium and at the place or places provided therein; and <br /> shall be subject to optional and mandatory prepayment as <br /> provided therein. Maturities, interest and price are as set <br /> forth below: <br /> Principal Stated Price as <br /> Year Amount Interest Percent of Par <br /> 1986 365,000 5. 00 99.759 <br /> 1987 365,000 5.75 99.535 <br /> 1988 365,000 6.40 99.731 <br /> 1989 365,000 6.90 99. 656 <br /> 1990 365,000 7. 10 99.586 <br /> 1991 365, 000 7. 30 99.522 <br /> 1992 365,000 7.50 99.464 <br /> 1993 370, 000 7.75 99.414 <br /> 1994 365, 000 8. 00 99.369 <br /> 1995 370, 000 8.25 99.664 <br /> 1996 365, 000 8.40 99.294 <br /> 1997 370, 000 8.50 98.893 <br /> 1998 365, 000 8.75 99. 617 <br /> 1999 370,000 8.80 99.208 <br /> Section 6. The Mayor and/or the Clerk of the City are <br /> authorized and directed to sell said Economic Development Reve- <br /> nue Bonds to PaineWebber, the Underwriter, at a price as set <br /> forth in Section 5 hereof, plus accrued interest, less an <br /> underwriter's discount not to exceed 1. 675%. <br /> Section 7. The Mayor and the Clerk of the City are <br /> authorized and directed to execute and deliver the aforemen- <br /> tioned documents for and on behalf of the City after making <br /> therein such changes permitted by the Act as they deem neces- <br /> sary or proper, as evidenced by their execution of such docu- <br /> ments, and are further authorized and directed to execute and <br /> deliver such other documents for and on behalf of the City, and <br /> to take such other actions for and on behalf of the City, as <br /> they deem necessary or proper in connection with the consumma- <br /> tion of such financing. The Mayor and the Clerk of the City <br /> are authorized to arrange for the delivery of said Economic <br /> Development Revenue Bonds to PaineWebber, payment for which <br />