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The Refunding Bonds shall each be designated "Taxable General Obligation Refunding <br /> Bond, Series 2019A"or such other name or names or series designation as may be appropriate and <br /> as stated in the Bond Notification therefor. The Refunding Bonds, if issued, shall be dated such <br /> date (not prior to June 15, 2019, and not later than December 31, 2019) as set forth in the Bond <br /> Notification therefor, and shall also bear the date of authentication, shall be in fully registered <br /> form, shall be in denominations of$5,000 each or authorized integral multiples thereof(but no <br /> single Refunding Bond shall represent installments of principal maturing on more than one date), <br /> and shall be numbered 1 and upward. The Refunding Bonds shall become due and payable serially <br /> or be subject to mandatory redemption (subject to prior redemption as hereinafter described) as <br /> shall be set forth in the Bond Notification therefor, and in such principal amounts as shall be set <br /> forth therein;provided, however, that the final maturity shall be due on or before December 15, <br /> 2030, and each maturity or sinking fund payment shall not exceed $1,000,000. Each Refunding <br /> Bond shall bear interest, at a rate not to exceed 5.00%per annum, from the later of its dated date <br /> or from the most recent interest payment date to which interest has been paid or duly provided for, <br /> until the principal amount of such Refunding Bond is paid or duly provided for, such interest <br /> (computed upon the basis of a 360-day year of twelve 30-day months) being payable on June 15 <br /> and December 15 of each year, commencing on December 15, 2019, or as provided in the Bond <br /> Notification therefor. <br /> The Project Bonds shall each be designated "General Obligation Bond, Series 2019B <br /> Project"or such other name or names or series designation as may be appropriate and as stated in <br /> the Bond Notification therefor. The Project Bonds, if issued, shall be dated such date (not prior to <br /> June 15,2019,and not later than December 31,2019)as set forth in the Bond Notification therefor, <br /> and shall also bear the date of authentication, shall be in fully registered form, shall be in <br /> denominations of$5,000 each or authorized integral multiples thereof(but no single Project Bond <br /> -7- <br />