2005-88 PROVIDING FOR THE ISSUANCE GENERAL OBLIGATION REFUNDING BONDS

Home Browse Search

� � 1 , � i ' authorized pursuant to the Act; and these findings and determinations shall be deemed conclusive. .............................. <:::::::::�e��:4�:'�a�t�:::��>: For the ose of rovidin for such costs, there P�P P g shall be issued and sold the Bonds in the principal amount of$4,705,000. The Bonds shall each be designated "General Obligation Refunding Bond, Series 2005"; shall be dated November l, 2005 (the "Dated Date"); and shall also bear the date of authentication thereof. The Bonds shall be in fully registered form, shall be in denominations of$5,000 or integral multiples thereof(but no single Bond shall represent principal maturing on more than one date), shall be numbered 1 and upward, and shall become due and payable serially or be subject to mandatory redemption , (subject to prior redemption as hereinafter set forth) on December 15 of the years and in the � amounts and bearing interest at the rates per a.nnum as follows: I YEAR AMOUNT RATE 2008 $ 100,000 3.00% 2009 165,000 3.10% 2010 170,000 3.20% 2011 175,000 3.30% 2012 1,680,000 3.40% 2013 1,740,000 3.50% 2014 675,000 3.60% Each Bond shall bear interest from the later of its Dated Date as herein provided or from the most recent interest payment date to which interest has been paid or duly provided for, until the principal amount of such Bond is paid or duly provided for, such interest (computed upon the basis of a 360-day year of twelve 30-day months) being payable on June 15 and December 15 of , each year, commencing on June 15, 2006. Interest on each Bond shall be paid by check or draft of the Paying Agent, payable upon presentation thereof in lawful money of the United States of I� America, to the person in whose name such Bond is registered at the close of business on the ' applicable Record Date (the "Record Date"), and mailed to the registered owner of the Bond as -x-