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� <br /> no single Bond shall represent principal maturing on more than one date), shall be numbered 1 <br /> and upward, and shall become due and payable serially or be subject to mandatory redemption <br /> (subject to prior redemption as hereinafter set forth) on March 1 of the years and in the amounts <br /> and bearing interest at the rates per annum as follows: <br /> YEAR AMOUNT RATE <br /> 2005 $1,010,000 2.500°Io <br /> 2006 1,030,000 2.500% <br /> 2007 1,050,000 2.500°Io <br /> 2008 1,065,000 2.500% <br /> 2009 1,095,000 2.500% <br /> 2010 1,125,000 2.500°Io <br /> 2011 1,150,000 3.000% <br /> 2012 1,185,000 3.250% <br /> 2015 1,225,000 3.250% <br /> 2018 1,265,000 4.000°Io <br /> 2019 1,315,000 4.000°Io <br /> 2020 1,365,000 4.000% <br /> 2021 1,425,000 4.000% <br /> 2022 1,480,000 4.000% <br /> 2023 1,540,000 4.000% <br /> 2024 1,605,000 4.000% <br /> 2025 1,675,000 4.000% <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 <br /> the basis of a 360{lay year of twelve 30day months) being payable on March 1 and <br /> September 1 of each year, commencing on September 1, 2004. Interest on each Bond shall be <br /> paid by check or draft of the Paying Agent, payable upon presentation thereof in lawful money <br /> of the United States of America, to the person in whose name such Bond is registered at the <br /> close of business on the applicable Recard Date (the "Record Date"), and mailed to the <br /> registered owner of the Bond as shown in the Bond Register or at such other address furnished <br /> -6- <br />