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executed and delivered on or about December 21, 1983; shall be <br />dated as of December 1, 1983; shall mature on December 1, 1993; <br />shall bear interest at rates not to exceed ten and one -half <br />percent (10 -1/2 %) per annum; shall be in the denominations of <br />Five Thousand Dollars ($5,000.00) and integral multiples <br />thereof; shall be issued in registered form; shall be regis- <br />trable as provided therein; shall be payable in the medium and <br />at the place or places provided therein; and shall be subject <br />to optional and mandatory prepayment as provided herein. <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 Raffensperger, Hughes & Co., Inc., at a price not <br />less than one hundred percent (100 %) of the principal amount <br />thereof, plus accrued interest. <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 consum- <br />mation 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 Raffensperger, Hughes & Co., Inc., <br />-5- <br />