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1 � f <br /> � [ <br /> 1 1 � � <br /> GENERAL OBLIGATION REFUNDING BONDS� SERIES 1995 <br /> Original Principal Amount: $9,040,000 <br /> Dated: December 15, 1995 <br /> Originally Due: October 1 of the years 1996 through 2014 <br /> Amount proposed to be refunded: $4,565,000 <br /> Bonds Due October 1 as follows: <br /> YEAR AMOUNT RATE <br /> 2006 $ 85,000 4.95% <br /> 2007 90,000 5.05% <br /> 2008 95,000 5.15% <br /> 2009 100,000 5.15% <br /> 2010 105,000 5.20% <br /> 2011 110,000 5.25% <br /> 2012 1,615,000 5.30% <br /> 2013 1,700,000 5.35% <br /> 2014 665,000 5.40% <br /> which bonds shall be called for redemption on their December 1, 2005 call date at the <br /> redemption price of par plus accrued interest; and <br /> W�tt�As pursuant to the hereinafter defined Act, the City is authorized to issue General <br /> Obligation Refunding Bonds to accomplish the refunding (the "Refunding") of the Prior Bonds, <br /> and it is deemed necessary and desirable to provide for the issuance of $4,705,000 principal <br /> amount General Obligation Refunding Bonds for such purpose; and <br /> W��As the Council does hereby determine that it is advisable and in the best interests of <br /> the City to issue bonds in the amount of $4,705,000 at this time pursuant to the Act for the <br /> purpose of paying the cost of the Refunding and, in evidence of such borrowing, issue its full I <br /> faith and credit bonds in the principal amount of$4,705,000; <br /> -vii <br />