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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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Last modified
8/27/2015 10:31:38 AM
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8/27/2015 10:31:33 AM
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Resolution/Ordinance
Res Ord Num
2010-79
Res Ord Title
PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Department
Finance
Approved Date
11/15/2010
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The Series 2010D Bonds shall be issued and sold in the principal amount of$1,805,000, <br /> shall be in fully registered form, shall be in denominations of$5,000 or integral multiples thereof <br /> (but no single Bond shall represent principal maturing on more than one date), shall be numbered <br /> consecutively in such fashion as shall be determined by the Bond Registrar, and shall become <br /> due and payable serially on December 15 of the years and in the amounts and bearing interest at <br /> the rates percent per annum as follows: <br /> YEAR AMOUNT RATE <br /> 2011 $275,000 2.00% <br /> 2012 265,000 2.00% <br /> 2013 265,000 2.00% <br /> 2014 265,000 2.00% <br /> 2015 255,000 2.00% <br /> 2016 245,000 3.00% <br /> 2017 235,000 4.00% <br /> Each Bond shall bear interest from the later of its Dated Date as herein provided or from <br /> the most recent interest payment date to which interest has been paid or duly provided for, until <br /> the principal amount of such Bond is paid or duly provided for, such interest (computed upon the <br /> basis of a 360-day year of twelve 30-day months) being payable on June 15 and December 15 of <br /> each year, commencing on June 15, 2011. Interest on each Bond shall be paid by check or draft <br /> of the Paying Agent, payable upon presentation thereof in lawful money of the United States of <br /> America, to the person in whose name such Bond is registered at the close of business on the <br /> applicable Record Date (the "Record Date"), and mailed to the registered owner of the Bond as <br /> shown in the Bond Register or at such other address furnished in writing by such Registered <br /> Owner. The Record Date shall be the 1 st day of the month of any regular or other interest <br /> payment date occurring on the 15th day of any month and 15 days preceding any interest <br /> payment date occasioned by the redemption of Bonds on other than the 15th day of a month. <br /> The principal of the Bonds shall be payable in lawful money of the United States of America <br /> -14- <br />
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