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� <br /> � <br /> YEAR AMOUNT($) RATE(%) <br /> 2011 $ 235,000 3.250 <br /> 2012 245,000 3.500 <br /> 2013 250,000 3.500 <br /> 2014 360,000 3.750 <br /> 2015 790,000 4.000 <br /> 2016 825,000 4.125 <br /> 2017 860,000 4.250 <br /> 2018 895,000 4.250 <br /> 2019 935,000 4.250 <br /> 2020 975,000 4.250 <br /> 2021 1,020,000 4.375 <br /> 2022 1,075,000 4.375 <br /> 2023 1,130,000 4.375 <br /> 2024 405,000 4.500 <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, 2009. 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 or at such other address furnished in writing by such person to the Bond <br /> Registrar or as otherwise agreed to by the City and CEDE & Co., as nominee, or successor, for as <br /> long as the Bonds are held by the Depository in Book Entry Form as provided for same. The <br /> principal of or redemption price due on the Bonds shall be payable in lawful money of the United <br /> States of America upon presentation thereof at the principal office maintained for the purpose by <br /> the Paying Agent in Chicago, Illinois, or at successar Paying Agent and locality. <br /> The full faith and credit of the City are hereby irrevocably pledged to the punctual <br /> payment of the principal of and interest on the Bonds. The Bonds shall be direct and general <br /> -9- <br /> , <br />